9/27/2004 - A recent report by Venture Development Corporation forecasts the market for embedded merchant COTS boards, integrated systems, operating systems and software development tools to grow at a compound annual growth rate of 6.27%, reaching an estimated $3.25 billion by 2008.
The merchant COTS market comprised 0.4% of combined North American and Western European defense expenditures in 2003. Although this represents only a small fraction of total military expenditures, COTS is still a very attractive market.
United States military expenditures account for 47% of global military spending and are more than double those of Western Europe, so it's not surprising that North America comprised 76.4% of the total market for the examined embedded COTS products in 2003. Other factors that contribute to this number include:
Venture Development Corporation (VDC) is an independent technology market research and strategy consulting firm that specializes in a number of embedded, industrial, defense and niche enterprise IT markets. VDC has been operating since 1971, when the firm was founded by graduates of the Harvard Business School and Massachusetts Institute of Technology. Today, we employ a talented collection of analysts and consultants who offer a rare combination of expertise in the market research process; experience in technology product and program management, and formal training in engineering and marketing. VDC's clients include thousands of the largest and fastest growing tech suppliers in the world and the most successful investors participating in the markets we cover.
Previous Page | News by Category | News Search
If you found this page useful, bookmark and share it on: