Battlefield Management Systems Market
The Battlefield Management Systems Market is expected to grow at a higher CAGR over the forecast period (2020-2027).
The factors driving the growth of Battlefield Management Systems Market includes emerging need to modernize the defense forces, rise in the cross-border conflicts and terrorism activities and growing demand battlefield management systems to manage real time data in a responsive manner. According to the report published by United Nations Office for the Coordination of Humanitarian Affairs, Myanmar reported the highest death toll in 2021, around 521 deaths and Taliban emerged as the deadliest terror group, during the same year, these situations are pushing the Countries around the world to adopt advanced battlefield management systems. Moreover, the increase in Government’s expenditure on the Defense sector, technological innovations in the military equipment and rising political tensions worldwide and growing uncertainties of war, are some of the additional factors supplementing the Battlefield Management Systems Market size. As per the Observer Research Foundation, the Ministry of Finance of India has increased the budget allocation for defense forces during the FY 2022-2023 by 9.8% to reach around USD 70.6 billion, which will boost the Battlefield Management Systems Market growth in the approaching years.
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However, the growth of Battlefield Management Systems Market is hindered due to high cost of Battlefield Management systems.
The major players operating in the Battlefield Management Systems Market are BAE Systems PLC, Rolta India Limited, Leonardo S.P.A., Saab AB, Rockwell Collins, Inc., Harris Corporation, Rheinmetall AG, Israel Aerospace Industries Limited, Indra Sistemas, S.A., Thales Group, Raytheon Company, and Elbit Systems Ltd., among others.
Platform: Segment Analysis
Based on Platform, the Vehicle segment is projected to capture the largest market share during the forecast period attributed to rise in the cross-border disputes and emerging need to modernize the armed forces.
System: Segment Analysis
Based on System, the Navigation & Imaging System segment is predicted to expand at a significant CAGR over the forecast period attributed to growing demand for surveillance systems by the defense forces across the globe.
Component: Segment Analysis
Based on Component, the Night Vision Devices segment is anticipated to hold the highest market share during the forecast period because the night vision devices provide the armed forces effective vision in the dark.
Regional: Segment Analysis
According to the Battlefield Management Systems Market Report, the North American region is estimated to dominate the market over the forecast period. Growing adoption of technologically advanced equipment by the defense forces, rapid growth in the defense manufacturing in the region, rising per capita incomes and high population growth rates, are some of the important factors propelling the market growth in Asia-Pacific.
Market Segmentation
Global Battlefield Management Systems Market by Platform
- Vehicle
- Headquarter
- Solider
Global Battlefield Management Systems Market by System
- Navigation & Imaging System
- Communication & Networking System
- Computing System
Global Battlefield Management Systems Market by Component
- Wireless Communication Devices
- Imaging Devices
- Computer Software
- Tracking Devices
- Wired Communication Devices
- Computer Hardware Devices
- Night Vision Devices
- Display Devices
- Identification Friend or Foe (IFF)
Global Battlefield Management Systems Market by Region
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
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The Global Battlefield Management Systems Market is forecasted according to a current analysis by Emergen Research.
The key factors influencing the market include increasing usage of battlefield intelligence, rising demand for cyber security in military & defense intelligence involving the data breaches from the confidential governing bodies, rising threats & tensions in asymmetric welfare, and growing investment in the defense bodies & foreign intelligence platforms, among others.Get a sample of the report – https://www.emergenresearch.com/request-sample/300The players operating in the market have undertaken a number of strategies related to the market in the period 2019-2020.
The key highlight is:Leading Companies of the Battlefield Management Systems Market and Profiled in the Report are:The Boeing CompanyBAE SystemsLockheed MartinRockwell CollinsTo know more about the report, visit – https://www.emergenresearch.com/industry-report/battlefield-management-systems-marketThis report forecasts revenue growth at a global, regional & country level and provides an analysis of the market trends in each of the sub-segments from 2018 to 2027.
The scope of the report can be defined as:For the purpose of this report, Emergen Research has segmented the global Battlefield Management Systems Market on the basis of Type, Application, and region:· Application Outlook (Revenue: USD Billion; 2017-2027)Computing SystemNavigation & Imaging SystemCommunication & Networking SystemSurveillance & ReconnaissanceIntelligence & Data WarfareCombat Simulation, Training & Health MonitoringOthers· Platform Outlook (Revenue: USD Billion; 2017-2027)LandAirborneNavalJointSpaceRegional Analysis:Geographical distribution of the Battlefield Management Systems Market includes analysis of the leading players present in the key.
The report offers valuable insights into the market size, share, growth rate, production and consumption rate, supply and demand ratio, import/export, revenue contribution, and strategies adopted by the prominent companies located in each region.North AmericaU.S.CanadaMexicoEuropeGermanyUKFranceBENELUXRest of EuropeAsia PacificChinaJapanSouth KoreaIndiaRest of APACLatin AmericaBrazilRest of LATAMMEASaudi ArabiaUAERest of MEARequest customization of the report – https://www.emergenresearch.com/request-sample/300Thank you for reading our report.
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