Military Computers Market Share, Trends, Growth Rate, Industry Report And Forecast To 2033

The Business Research Company recently released a comprehensive report on the Global Military Computers Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The military computers market size has grown strongly in recent years. It will grow from $8.15 billion in 2023 to $8.65 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to defense modernization programs, increased cybersecurity threats, network-centric warfare doctrine, enhanced communication systems, ruggedized design requirements.

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.

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Market Drivers and Trends:

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.

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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Major Key Players of the Market:

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 Computers Market 2024 Key Insights:

• The military computers market will grow to $10.77 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%.
• Rising Global Military Expenditure Fuels Growth In The Military Computer Market
• Military Computer Market Driven By Technological Advancements For Enhanced Defense Capabilities
• North America was the largest region in the military computers market in 2023

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