Press release
Military Computers Market Report 2024-2033 | Size, Share, Trends, Growth Analysis
Military Computers Market
The military computers market size is expected to see strong growth in the next few years. It will grow to $10.77 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to geopolitical tensions and conflicts, integration of artificial intelligence (ai), electromagnetic pulse (emp) protection, command, control, and communications (c3) systems, cybersecurity and information assurance. Major trends in the forecast period include adoption of open system architectures, increased use of cognitive computing, focus on green computing initiatives, enhanced communication and networking capabilities, development of autonomous systems and unmanned platforms.
Market Overview -
A military computer refers to a ruggedized computer system or piece of equipment that has been specifically planned, developed, and used for military purposes and adheres to U.S. military specifications. They are employed in missile control, military communication, smart weapons, military operations, and military planning.
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Rising Global Military Expenditure Fuels Growth In The Military Computer Market
Increased government spending on the military is significantly contributing to the growth of the military computer market going forward. Military expenditure, often known as government spending on the military, is the amount of financial resources allocated by a country to create and maintain armed forces or other measures necessary for defense purposes. Military computers are used by militaries worldwide to compute in harsh environments and battlefields for communication, military artillery, and technology operations. For instance, in April 2022, according to Stockholm International Peace Research Institute (SIPRI) Highlights, a Sweden-based government-independent institute focused on war, weaponry, arms control, and disarmament research, the worldwide military expenditure increased by 0.7% in real terms in 2021, reaching an all-time high of $2.1 trillion. In 2021, Russia's military spending climbed by 2.9% to $65.9 billion. Russia's military spending increased for the third year in a row in 2021, reaching 4.1% of GDP. Therefore, increased government spending on the military is driving the growth of the military computer market.
Competitive Landscape -
Major companies operating in the military computers market report are BAE Systems, Cobham Limited, Curtiss-Wright Corporation, Esterline Technologies Corporation, Getac Technology Corporation, L3 Technologies, Northrop Grumman Corporation, Panasonic Corporation, Rockwell Collins Inc., Saab AB, Thales Group, Zebra Technologies Corporation, GRiD Defense Systems, Trenton Systems, Kontron AG, Computer Dynamics, Raytheon Company, Safran Group, General Dynamics Corporation, Elbit Systems Ltd., Honeywell International Inc., Lockheed Martin Corporation, Mercury Systems Inc., North Atlantic Industries Inc., Radisys Corporation, Rugged Science Inc., Systel Inc., Trenton Systems Inc., VersaLogic Corporation, Winmate Inc.
Military Computer Market Driven By Technological Advancements For Enhanced Defense Capabilities
Technological advancement is the key trend gaining popularity in the military computer market. Major companies operating in the military computer market are focusing on integrating new technologies and upgrading the applications of military computers to assist armies in their endeavors. For instance, in October 2022, General Micro Systems, Inc, a US-based company that designs and builds small form factor systems, servers, and displays for rugged and non-rugged environments launched X9 Spider Wearable, a battery-powered rugged wearable computer for solders on the ground. This battery-powered device is engineered to provide high-performance processing, communications, video capabilities, database access, and artificial intelligence (AI) functionality while on the move. Created with a focus on delivering maximum computing power and I/O in the smallest and lightest battery-powered form factor, the X9 Spider Wearable can support up to four on-body displays. It enables wireless LAN and personal area network (PAN) connectivity, facilitates communication with mounted assets such as vehicles or command posts, stores up to 20TB of onboard data, and interfaces with high-rate body sensors. Additionally, the device is capable of processing on-board AI algorithms, including image/facial recognition, target tracking, and sensor fusion.
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Key Segments -
The military computers market covered in this report is segmented -
1) By Type: Rugged Computers, Embedded Computers
2) By Installation Type: New Installation, Upgradation
3) By Application: Aircraft, Ground, Naval
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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