The military computers market is estimated at USD 8.9 billion in 2020 and is projected to reach USD 13.5 billion by 2027, at a CAGR of 6.1% from 2020 to 2027. Rising tensions on border and the rise in terrorism are the prominent factors supporting the growth of the global military computer market. Moreover, high preference of wearable computers for fast communication of information during wars has increased the demand for military computers. This has led to the development of wearable computers that can sustain the harsh conditions in a warzone, thus promoting the market’s expansion.
Furthermore, technological advancements leading to the development of military computers with advanced processors has contributed to an expansion in the military computer market. Along with this, implementation of digital infrastructure in the defence industry has presented several opportunities for the market’s growth. Another factor fueling the market’s growth is increasing investment in military equipment and sophisticated security systems.
However, along with the drivers, there are few restraints that may pose a threat to the global military computer market. Factors such as high investment in the manufacturing of military computers and the risk of malfunctioning may cause an impediment in the market’s growth. Nonetheless, recent advancements in the software of military computers and the ability of these computers to identify friendly forces may offset the effects of the restraints.
The most recent advancements in military computers include nano-scaling of hardware. This is expected to become the biggest source of next-gen military tech and computers in the near future. The confidence of manufacturers as well as military professionals continues to be boosted by advancement in protective technology which supports today’s computers. These modern marvels are capable of withstanding extreme adversity during combats. Moreover, the modern combat of supercomputers is driving more growth for speed, weaponry, and fast-strike capabilities. The military computers are also increasing based on zero-trust architecture or Thin Client technology.
The Key Players in the Global Military Computers Market are Cobham PLC (UK), Curtiss-Wright Corporation (US), Elbit Systems Ltd (Israel), General Dynamics Corporation (US), Saab AB (Sweden), BAE Systems (UK), Collins Aerospace (US), Getac Technology Corporation (Germany), L3 Technologies Inc. (US), Northrop Grumman Corporation (US), Panasonic Corporation (US), Raytheon Company (US), Safran Group (France), Thales Group (France), and Zebra Technologies Corporation (New Zealand).
The North America military computers market is expected to grow at the highest CAGR during the forecast period. This growth is due to the high military budget of the US and high level of sophistication and advancements in the technology of US military defense systems. s the US Army uses advanced systems, the scope of adoption of embedded computers is high. The undergoing R&D for the military weapons and equipment for the US Army would also drive the adoption of military computers.
The military computers market in North America is expected to register a CAGR of xx % during the forecast period. Factors such as increasing defense expenditure and the presence of prominent military computer providers such as Northrop Grumman Corporation and Curtiss-Wright Corporation are propelling market growth in the region. According to the Stockholm International Peace Research Institute (SIPRI), the US was the largest spender on the military with USD 610 billion in 2017 as against USD 596 billion in 2015. The rise in defense expenditure can be attributed to rising arms manufacturing and army modernization programs. For example, in 2018, the US Army signed a contract with Lockheed Martin Corporation for approximately USD 356 million for close-combat tactical training (CCTT) manned module modernization (M3) systems. Furthermore, the growing adoption of advanced technology by the US Army for enhanced data security and privacy is bolstering market growth in the region.
Furthermore, technological advancements leading to the development of military computers with advanced processors has contributed to an expansion in the military computer market. Along with this, implementation of digital infrastructure in the defence industry has presented several opportunities for the market’s growth. Another factor fueling the market’s growth is increasing investment in military equipment and sophisticated security systems.
However, along with the drivers, there are few restraints that may pose a threat to the global military computer market. Factors such as high investment in the manufacturing of military computers and the risk of malfunctioning may cause an impediment in the market’s growth. Nonetheless, recent advancements in the software of military computers and the ability of these computers to identify friendly forces may offset the effects of the restraints.
The most recent advancements in military computers include nano-scaling of hardware. This is expected to become the biggest source of next-gen military tech and computers in the near future. The confidence of manufacturers as well as military professionals continues to be boosted by advancement in protective technology which supports today’s computers. These modern marvels are capable of withstanding extreme adversity during combats. Moreover, the modern combat of supercomputers is driving more growth for speed, weaponry, and fast-strike capabilities. The military computers are also increasing based on zero-trust architecture or Thin Client technology.
The Key Players in the Global Military Computers Market are Cobham PLC (UK), Curtiss-Wright Corporation (US), Elbit Systems Ltd (Israel), General Dynamics Corporation (US), Saab AB (Sweden), BAE Systems (UK), Collins Aerospace (US), Getac Technology Corporation (Germany), L3 Technologies Inc. (US), Northrop Grumman Corporation (US), Panasonic Corporation (US), Raytheon Company (US), Safran Group (France), Thales Group (France), and Zebra Technologies Corporation (New Zealand).
The North America military computers market is expected to grow at the highest CAGR during the forecast period. This growth is due to the high military budget of the US and high level of sophistication and advancements in the technology of US military defense systems. s the US Army uses advanced systems, the scope of adoption of embedded computers is high. The undergoing R&D for the military weapons and equipment for the US Army would also drive the adoption of military computers.
The military computers market in North America is expected to register a CAGR of xx % during the forecast period. Factors such as increasing defense expenditure and the presence of prominent military computer providers such as Northrop Grumman Corporation and Curtiss-Wright Corporation are propelling market growth in the region. According to the Stockholm International Peace Research Institute (SIPRI), the US was the largest spender on the military with USD 610 billion in 2017 as against USD 596 billion in 2015. The rise in defense expenditure can be attributed to rising arms manufacturing and army modernization programs. For example, in 2018, the US Army signed a contract with Lockheed Martin Corporation for approximately USD 356 million for close-combat tactical training (CCTT) manned module modernization (M3) systems. Furthermore, the growing adoption of advanced technology by the US Army for enhanced data security and privacy is bolstering market growth in the region.
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