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

Global Ground Vehicle Processor Market Driver:

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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Key Market Reports Highlights

·        Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Global Ground Vehicle Processor Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2021

-Historical Period: 2017 to 2020

-Forecast Period: 2022 to 2027

• By Type of Processors
• Single Core
• Multi-Core
• 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
• By Region
• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - Intel Corporation, Advanced Micro Devices, Inc., Intel Corporation, ARM, Qualcomm, Advanced Micro Devices Inc. (AMD), Others, are looking forward to strengthening their market positions.

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