Press release
Military Embedded Systems Market Set to Grow at the Fastest Rate- Time to Grow your Revenue
The Military embedded systems market is estimated to be USD 1.6 billion in 2022 and is projected to reach USD 2.5 billion by 2027, at a CAGR of 9.6% from 2022 to 2027. The market is driven by various factors such as increasing use of embedded systems in land vehicles, Deployment of advanced AI based navigation & communication systems in naval vessels.
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Based on ship type, class destroyers ships segment is expected to lead the military embedded systems market in for the forecast period. Based on ship type, the class destroyers ships segment is projected to grow from USD 162 Million in 2022 to USD 251 Million by 2027 at a CAGR of 9.2% during the forecast period.
Command Centers segment is estimated to grow at a highest CAGR by land platform, during the forecast period
Based on land platform, the command centers segment of military embedded systems market is projected to grow from USD 52 million in 2022 to USD 86 million by 2027 at a highest CAGR of 10.6% during the forecast period.
Unmanned Aerial Vehicles (UAVs) segment is estimated to dominate the Military embedded system's market by unmanned platform, during the forecast period
The Unmanned Aerial Vehicles (UAVs) segment is estimated to be USD 49 million in 2022 and is projected to grow at a CAGR of 10.6% during the forecast period.
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US is expected to lead the military embedded systems market in 2022. The growing demand for military embedded systems in the US and the increasing ground vehicle advancement programmes in US are few of the key factors driving the market.
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