Ground Vehicle Processor Market Size & Insights

The Global Ground Vehicle Processor market is projected to grow at a CAGR of around 6% during the forecast period, 2022-27. 

The Ground Vehicle Processor Market is significantly growing due to several growth factors, including the rapidly growing gaming industry, the rising demand for electronic devices, including TVs, smartphones, monitors, wearables, etc., the infrastructural development & expansion of production facilities, and the integration of artificial intelligence in Ground Vehicle Processor. 

What are the Key DROs in the Ground Vehicle Processor Market?

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:

What are the Key Segments in the Ground Vehicle Processor Market?

The Ground Vehicle Processor is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

-By Type of Vehicle

  • Tanks
  • Armoured Fighting Vehicle (AFV)

-By Type of Processor

  • 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.

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-By End Users

  • Military
  • Law Enforcement

Military ground vehicles have grabbed the major market share for the processors, due to the high demand for vehicles such as Tanks, IFVs, FCVs, etc., along with the growing budget of capital acquisition for military hardware as well as ground vehicles suited for various terrain & environments.

How does geographical analysis highlight in the Europe Tire market?

-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.

Who are the Key Players in Ground Vehicle Processor Market?

  • Intel Corporation
  • Advanced Micro Devices, Inc.
  • Intel Corporation
  • ARM
  • Qualcomm
  • Advanced Micro Devices Inc. (AMD)
  • Others

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