MarkNtel Advisors recently published a report, titled, ” Global Ground Vehicle Processor Market 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),. As per as the report The Global Ground Vehicle Processor market is projected to grow at a CAGR of around 6% during the forecast period, 2022-27.
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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.
Leading Companies in Global Ground Vehicle Processor Market:
Intel Corporation, Advanced Micro Devices, Inc., Intel Corporation, ARM, Qualcomm, Advanced Micro Devices Inc. (AMD), Others,
Global 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
Get Full Access Of Global Ground Vehicle Processor Market Report :
By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific.
Key questions answered in the Global Ground Vehicle Processor Market are:
•What is Global Ground Vehicle Processor Market?
•What was the market size in 2021?
•What is the growth rate of the Global Ground Vehicle Processor Market?
•Which are the factors expected to drive the market growth?
•What are the different segments of the Global Ground Vehicle Processor Market?
•What segments are covered in the Market?
•Who are the key players in the Global Ground Vehicle Processor Market?
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