The latest report by MarkNtel Advisors, titled “Ground Vehicle Processor Market Size study report 2022-27 provides an in-depth examination of revenue growth, market definition, segmentation, industry potential, and influential trends to help comprehend the market’s future outlook and existing prospects. Ground Vehicle Processor Market Share, Size, and Industry Analysis. 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). The Global Ground Vehicle Processor market is projected to grow at a CAGR of around 6% during the forecast period, 2022-27.
Key Highlights of the Market Report:
- Detailed overview of the market share
- Changing market dynamics of the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of Ground Vehicle Processor Market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising market growth
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Market Dynamics
Possible Restraint: Geopolitical Tensions & Imposed Sanctions
The political rivalry & tensions between the countries across the globe caused great disruptions in the inter-country trade of ground vehicles. Some of the nations with indigenous manufacturing units, mainly face challenges, in completing the orders when the bans or sanctions are imposed. This sometimes leads to difficulty in procuring raw material, which, in turn, delays the production process and further causes loss to the manufacturing companies, hence delaying the growth of the Global Ground Vehicle Processor market. Such as in 2019, EU countries refused to provide the main battle tank’s powerful engine to Turkey due to this Turkey’s domestic manufacturing program got delayed.
Moreover, Russia is one of the major exporters of military arms & vehicles. However, the imposed sanctions on Russia by various western countries such as the US, the UK, Italy, etc., due to Russia’s invasion & military operation in Ukraine, have banned the export of various commodities, including ground vehicles, to other countries like India. According to the International Institute of Finance, Russia’s GDP could shrink by 15% by the end of 2022. Also, if the GDP level drops to this level the country could face the greatest recession since 1992, as per the World Bank data. Hence, these factors would also impact the production of military vehicles & their exports to other countries, thus, reducing the demand for the ground vehicle processor during the forecast period.
Ground Vehicle Processor Market Segmentation
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
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Major Key Players in Ground Vehicle Processor Market research report:
-Intel Corporation
-Advanced Micro Devices, Inc.
-Intel Corporation
-ARM
-Qualcomm
-Advanced Micro Devices Inc. (AMD)
-Others
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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