Matthew Nelson
A Visiongain report predicts the military embedded systems market will grow from $89.6B in 2019 to 233.2B by 2029, primarily due to a demand for modern warfare technology and the adoption of electronic warfare platforms.
The research company said Thursday it also forecasts that growing defense budgets in emerging military markets will help drive growth in various submarkets over the next decade.
Key industry players profiled in the report include BAE Systems, Boeing, Lockheed Martin and Raytheon.
The report categorizes the market into intelligence, surveillance and reconnaissance, communications, computer, cybersecurity, combat and command and control segments.
