USD 9.2 Billion
Report ID:
SQMIG45A2316 |
Region:
Global |
Published Date: April, 2024
Pages:
192
|Tables:
64
|Figures:
71
Global Battlefield Management Systems Market size was valued at USD 9.2 Billion in 2022 and is poised to grow from USD 9.6 Billion in 2023 to USD 35.90 Billion by 2031, growing at a CAGR of 16.26% in the forecast period (2024-2031).
Several factors are driving the market such as the need for advanced situational awareness technologies in the global battlefield management systems market. Situational awareness allows the soldier to observe during combat. With the penetration of digitization into developing technologies, the military is constantly investing in advanced technologies to track enemies. Military warfare is becoming more technologically advanced with technologies such as the Internet of Things (IoT) for weapons equipped with a biometric wearable.
Unified IoT networks have complex military applications that enhance situational awareness. Additionally, IoT is a complex edge architecture, using environmental sensors, biometrics, and other connected devices to send and receive data quickly, allowing the military to react to potential situations has been dangerous on the battlefield and allows complete situational awareness through effective display of critical data the BMS field officer.
Global Market Size
USD 9.2 Billion
Largest Segment
Commander Systems
Fastest Growth
Communication Network Systems
Growth Rate
16.26% CAGR
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The battlefield management system market segmentation, based on type, includes commander systems, dismounted soldier systems, communication network systems, and other systems. The battlefield management system market segmentation, based on distribution channels, includes the army, air force, and navy. Further, the major countries studied in the market report are North America, South America, Europe, Middle East and Africa, and Asia Pacific.
Analysis by Distribution Channels
By 2022, battlefield management technology will be widely used by the Navy seg. Military maritime assets are now under severe threat from local armed conflicts and expanding border disputes, increasing the importance of maritime surveillance, threat detection, and target identification. For example, the July 2021 Brazilian Navy's Tamandare-class frigates, scheduled to enter service in 2026 and built by the end of 2022, are equipped with the Atlas Electronic ANCS combat management system Data fusion with the ANCS CMS sensors, weapon systems, and other systems have played a systematic role; it will also provide an interface.
Furthermore, the army segment is expected to grow at the highest CAGR throughout the forecast period. The market is expected to grow with the use of repetitive battlefield systems to deliver real-time information. As presented by the Stockholm International Peace Research Institute (SIPRI), the changing state of warfare in the world has led countries to increase their defense budgets to enhance their military efficiency and achieve new and improved warfare strategies Worldwide defense spending reaches $2.2 trillion (about $6,800 per person in the US) by 2022). In July 2023, the U.S. The Army awarded a contract to Systematic A/S to deploy its SitaWare software suite to enhance the safety and performance of its tactical communications network and combat management systems as part of the LAND 200 Phase 3 Battlefield Command.
Analysis by Type
Commander systems held the largest market share in 2022. Increasing system reliability is an important consideration when nations choose combat deployment systems. In modern integrated data delivery modules, situational information can be collected in real time and sent to many command centers.
However, in 2022, communication network systems segment BMS grew rapidly. The reason for the expansion of this segment is the increasing consumer demand for wireless communication devices such as smartphones, broadband-enabled televisions, tablets and other products that drive the growth of this segment.
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The global battlefield management systems market in North America will dominate this market. As there are numerous manufacturers of battlefield management systems in North America, the region is expected to dominate the market for these systems during the forecast period. Furthermore, those of several well-known North American companies focused on state-of-the-art combat systems. The market for applications is expected to expand over time.
The Asia-Pacific region in the global battlefield management systems market is expected to grow at a rapid CAGR from 2024 to 2031 due to increasing emphasis on enhancing the combat operational capabilities of the countries in the region. This has led to a significant increase in war conflicts the comprehensive planning required in the region. For example, in December 2023, the Indian Army announced the development of military-grade 5G and 6G telecom apps. Additionally, the project will help meet the country’s future warfare needs.
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Drivers
The Need for Increased Situational Awareness
Integrating Artificial Intelligence (AI) and Machine Learning (ML)
Restraints
High Implementation Costs of Defensive Combat Systems
Budgetary Constraints and Cuts in Defense Spending
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The competitive environment of the global battlefield management systems market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Companies undertake strategic initiatives such as mergers and acquisitions, R&D investments, and collaborations with defense industries to expand their market position and gain competitive advantage. The global Battlefield Management Systems (BMS) market is characterized by fierce competition among key market players vying for market share and agreements with defense organizations across the globe.
Top Player’s Company Profiles
Recent Developments
Integration of Advanced Communication Technologies and Communication Solutions
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Rising military expenditure on defense across the globe and increasing need for new inspection systems to improve security capabilities are some of the factors expected to fuel the significant growth of the market over the forecast period. Furthermore, the growing demand for situational awareness to support military security decision-making and to protect soldiers on the battlefield will drive global arms embrace of such systems. However, the high cost of warfighting systems will hamper the market's growth. Furthermore, increased use of advanced technologies such as artificial intelligence, which will increase cybersecurity, situational awareness, decision support, automation and flexibility, will create opportunities new in the market during the forecast period.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 9.2 Billion |
Market size value in 2031 | USD 35.90 Billion |
Growth Rate | 16.26% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Battlefield Management Systems Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Battlefield Management Systems Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Battlefield Management Systems Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Battlefield Management Systems Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45A2316
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