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Innovations and Technological Advancements have been the Focus of Manufacturers of Military Embedded Systems Market
The military embedded systems market is expected to grow from USD 71.29 Billion in 2016 to USD 134.88 Billion by 2021, at a CAGR of 13.60% from 2016 to 2021. Factors such as increased use of multicore technologies, the emergence of modern warfare systems such as electronic warfare and network centric warfare systems, and increased use of wireless and cloud computing technologies drive the market for military embedded systems during the forecast period. Development of embedded systems has become an integral part of the defense industry, with modern warfare systems, such as network centric warfare and electronic warfare, being introduced. Innovations and technological advancements have been the focus of manufacturers of military embedded systems. These innovations resulted in enhanced speed and power efficient embedded systems, which include a wide variety of thermal cooling options to reduce the systemsí heat and also to keep them running at peak performance.
Kontron AG (Germany), Curtiss-Wright Corporation (U.S.), Microsemi Corporation (U.S.), and among others are the key players operational in the military embedded systems market. New product launch is the key strategy adopted by industry players operational in the military embedded systems market. The market players are focusing on entering new markets by launching technologically-advanced and cost-effective products. Their core competencies include a better product portfolio and investments in R&D activities for miniaturization.
Kontron AG and Curtiss-Wright Corporation have wide geographical reach. Kontron AG (Germany) is a leading supplier of military embedded systems. Its global presence is expected to help the company expand its customer base across diverse geographies. Kontron AG has strong presence across the globe with R&D capabilities which helps it innovate technologically advanced products in the military embedded systems market. Kontron AG has been successful in meeting the product standards for defense applications making the product suitable for harsh environments. The company offers customization on products.
Curtiss-Wright Corporation is a provider of technology solutions for defense, power, and industrial applications. The key strategy adopted by the company in military embedded systems market has been new product launches. This approach will help the company gain more contracts from the defense forces of various countries and in turn will result in increased customer base. For instance, in April 2016, the company launched Dual GPGPU OpenVP Module, which is able to deliver 5 TFLOPS performance for deployed radar, EO/IR, and SIGINT applications. Also, the company is focusing on obtaining contracts as well as partnering with the defense forces in order to cater to the needs of its clients.
The company also focuses on manufacturing innovative and rugged solutions developed from the scratch and known for reliability across all platforms such land, water, and air. Their product line includes boards & subsystems, flight test & avionics, aiming & stabilization systems, helicopter handling systems, and control systems. The company follows strategic approach for product and technological development through its strong R&D infrastructure. The company offers a range of solutions to mitigate obsolescence, manage product life cycle, and design the systems so that next generation technology can be easily integrated.
Military Embedded Systems Market by Application (ISR, Communication, Computer, Cyber, Combat, Command & Control), Component (Processor, GPU, DPS, IP-Chip, Others), Platform (Land, Air, Naval), Architecture, and Region - Global Forecast to 2021
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