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Based on platform type, the market is divided land, airborne, naval. The naval segment is expected to grow at 6% CAGR during the forecast period.
Based on application, the military embedded systems market is divided into radar, command & control, avionics, electronic warfare, communication & navigation, weapon fire control systems, wearable, others. The communication & navigation segment dominated the global market with a share of over 20% in 2023.
North America military embedded systems market accounted for 30% of the revenue share in 2023. North America is a hub for technological innovation, with numerous research institutions, defense contractors, and technology companies driving advancements in communication and navigation systems. Investments in research and development (R&D) foster the development of cutting-edge technologies, leading to the creation of more sophisticated and capable embedded systems for military applications. The United States government allocates significant funding for defense procurement, including investments in communication and navigation systems for military use.
Defense budgets support the acquisition of advanced embedded systems to modernize military capabilities, enhance operational effectiveness, and maintain strategic superiority in defense operations. North America boasts a strong aerospace and defense industry, with leading companies involved in the design, development, and production of communication and navigation systems for military applications. These companies leverage their expertise and capabilities to deliver state-of-the-art embedded systems that meet the stringent requirements of defense customers.
North America market accounted for a share of over 30% in 2023, favored by technological innovation, with numerous research institutions, defense contractors, and technology companies.
The market size of military embedded systems reached USD 1.6 billion in 2023 and is set to witness USD 3.5 billion by 2032, as they increasingly rely on real-time data and intelligence for effective decision-making.
The naval segment is projected to register a CAGR of over 6% through 2032, attributed to capabilities, performance, and operational effectiveness.
Lockheed Martin Corporation, Raytheon Technologies Corporation, Northrop Grumman Corporation, BAE Systems plc, General Dynamics Corporation, L3Harris Technologies, Inc., and Thales Group.