MarkNtel Advisors recently published a detailed industry analysis of the Global Ground Vehicle Processor Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Ground Vehicle Processor Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2027

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

Key Findings in Global Ground Vehicle Processor Market:

• Historical Analysis: 2017–2020
• Base Year: 2021
• Forecast Period: 2022–2027

Leading Market Players- Intel Corporation, Advanced Micro Devices, Inc., Intel Corporation, ARM, Qualcomm, Advanced Micro Devices Inc. (AMD), Others,

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

What are the major Driver the Global 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:

• 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.

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What segments define the Global Ground Vehicle Processor Market from 2022 to 2027? How do these segments contribute to market dynamics and growth?

By Type of Processors

• Single Core
• Multi-Core

According to report, 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.)

According to report, Tanks are heavily armored vehicles used for military purposes to provide an added layer of protection to the mechanized formation as well as to enhance the firepower in a combat environment.

By End Users

• Military
• Law Enforcement
• Commercial & Others

According to report, 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.

Explore the Complete Global Ground Vehicle Processor Market Analysis Report –

https://www.marknteladvisors.com/research-library/ground-vehicle-processor.html

Geographical Analysis: Global Ground Vehicle Processor Market

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Global Ground Vehicle Processor Market Recent Development:

•  In 2021, the government of Poland declared to buy 250 General Dynamics Land Systems-manufactured M1A2SEPv3 Abrams tanks, with a total cost of USD6 billion. The deal would be a major boost to the ground forces of Poland to conduct various defensive & counter-offensive strikes.
• To secure the combat personnel, the Government of India announced, to purchase of Light Infantry Vehicles to modernize the vintage carrier vehicles in the land-based forces. In 2021, the Indian Army issued a Request for Information (RFI) to finalize the specifications for 1750 infantry fighting vehicles (IFVs) from an Indian vendor.

Key Questions Addressed in This Study

• What are the primary factors driving the growth of the Ground Vehicle Processor Market?
• How is the Ground Vehicle Processor Market expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, 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 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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