Albany, NY -- (SBWIRE) -- 03/22/2017 -- Global Military Embedded Systems Market: Overview

Globally, governments are paying high attention to the development of the military and defense sector. They are pouring sizeable funds into military modernization programs, which is translating into a driving factor for the global military embedded systems market. Military embedded systems are open architecture based, designed to perform several predefined functions. Owing to the burgeoning demand for customization, some systems are also designed for rugged military applications. They are used for numerous electronics applications to be performed at air, land and naval platforms. These systems are being increasingly used for electronic warfare, cyber, command and control, combat, communications, and intelligence, surveillance, and reconnaissance.

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The research report provides a 360-degree view of the global military embedded systems market. Primary and secondary research have come into play while compiling this report. Various paid and unpaid sources such as white papers, press releases, presentations, and journals were referred to collate this study on the military embedded systems market and its affiliated industries. The report serves as a repository of analysis and information, offering an immaculate understanding of various important parameters of the market including its dynamics, competitive landscape, and geographical segmentation. It profiles prominent players in the market along with their revenue generation, latest developments, contact information, market shares, and business strategies. There is a separate section of recommendations by industrial experts for both existing and new players in the market.

North America to Continue Leading Demand for Military Radars

Geographically, the global military radar market can be segmented into North America, Europe, Asia Pacific, and Latin America, and the MEA region. In 2015, North America held the leading share in the global military radar market. This region holds the leading volume of defense related sanctions, boosting the overall demand for radar in national defense forces. The U.S. has one of the most powerful military forces in the world and is a key contributor to the revenue generation within the global military radar market. Both the U.S. and Canada have invested significantly in the radar technology and are likely to continue doing so over the next few years.

North America was followed by Asia Pacific in terms of geographical share in value in the global military radar market, for 2015. The growth in this region is owed to the booming volume of defense activities carried out by nations such as China, India, South Korea, and Japan. APAC nations are currently facing serious issues on the infiltration front which is the key reason for the high defense budget allocations in the region. The global military radar market is thus consistently supported by the substantial purchases of military radar systems made by the emerging nations.

Airborne Military Radars Continue to be in High Demand

The global military radar market is segmented into ground-based, naval, airborne, and space-based radars on the basis of types. Out these, the global military radar market was led by the airborne military radars segment in 2015. The segment was valued at US$2.34 bn in 2015 which was the dominant share in the global military radar market at the time. The high demand for airborne military radars is expected to continue growing owing to the increasing risks of air strikes and airborne terrorist infiltration. The segment is likely to continue on a high rate of pioneering research and development activities and innovative approaches.

The leading players in the global military radar market till 2015 included Lockheed Martin Corporation, Raytheon Company, The Boeing Company, Northrop Grumman Corporation, BAE System PLC, Saab Sensis Corporation, Harris Corporation, ASELSAN A.S., Terma A/S, DRS Technologies Inc.

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