Market Overview: Ground Vehicle Processor Market
MarkNtel Advisors, leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on Ground Vehicle Processor Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.
Ground Vehicle Processor Market Insights 2022-27
The Ground Vehicle Processor Market is estimated to grow at a CAGR of around 6% during the forecast period 2022-27.
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Driving Innovation: Exploring the Ground Vehicle Processor Market and its Key Drivers
Key Drivers – Growing Demand for Main Battle Tanks
Main Battle Tanks are one of the most powerful land-based artillery, used for several purposes such as surveillance, fighting, etc. These tanks support a broad range of ammunition types & have high-range target engagement with high accuracy levels, thus signifying a key requirement for state-of-the-art processors for main battle tanks.
Countries have been increasingly deploying newer generations of advanced tanks amidst the rising geopolitical tensions. Some countries such as the US, the UK, Russia, and India have awarded contracts for the deployment & up-gradation of main battle tanks. This increase in demand for main battle tanks has also soared the Ground Vehicle Processor market since the historical period. Moreover, the demand from original equipment manufacturers for the production of new tanks has helped in the market growth during the historical period, and their up-gradation is estimated to fuel the growth of the ground vehicle processor market in the forthcoming years. Some of the notable contacts are:
In 2020, the U.S Army awarded a USD4.6 billion contract to General Dynamics to manufacture M1A2 SEPv3 Abrams main battle tanks. The contract is estimated to be completed by the middle of 2028.
Top Players in the Ground Vehicle Processor Market:
-Intel Corporation
-Advanced Micro Devices, Inc.
-Intel Corporation
-ARM
-Qualcomm
-Advanced Micro Devices Inc. (AMD)
-Others
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Segmentation Analysis of Ground Vehicle Processor Market
Ground Vehicle Processor Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2022-27, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
By Type of Processors
-Single Core
-Multi-Core
- Multi-core Processors are expected to gain a sizeable market share for the ground-based vehicles used in the military segment.
By Type of Vehicle
-Tanks
-Armoured Fighting Vehicle (AFV)
–Armoured Personnel Carrier (APC)
–Unmanned Ground Vehicles (UGV)
–Infantry Fighting Vehicle (IFV)
–Others (Mobile Artillery & Rocket Launchers, Protected Patrol and Mine-Resistant Ambush
Protected Vehicles (MRPV), etc.)
By End Users
-Military
-Law Enforcement
-Commercial & Others
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A Comprehensive Geographical Analysis:
By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific
- North America has been one of the leading markets for the demand for Ground Vehicle Processors due to vast manufacturing units of ground vehicles.
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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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