The Global Battlefield Management Systems Market is forecasted to be worth USD 21.79 billion by 2027, 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.
Further
key findings from the report suggest
In May 2020, BAE Systems announced the completion of the
accusation of the business of Airborne Tactical Radios of Raytheon Technologies
Corporation. This acquisition will help deliver game-changing electronic
mission and control solutions for their customers.
The Defense Intelligence is growing with the fastest CAGR of
6.3% throughout the projected period owing to its higher incorporation of
intelligence protocols, including the nextgen communication, surveillance,
reconnaissance, information fusion & data analytics, electronic welfare
& spectrum dominance, and cyber control systems, among others.
The regions in the Asia Pacific lead by China, India, Japan,
and South & North Korea are allotting a considerable budget for their
defense grooming purposes. Besides, growing incidences of interpersonal
stand-offs, asymmetric welfare, along with a higher economic development,
enhancement in the technological industry deliberately help propel the
battlefield management systems market enforcement.
Key players in the market The Boeing Company, BAE Systems,
Lockheed Martin, Rockwell Collins, Elbit Systems, Northrop Grumman, Thales
Group, Leonardo S.p.A., Raytheon Company, and General Dynamics, among others.
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Application Outlook (Revenue: USD Billion;
2017-2027)
Computing
System
Navigation
& Imaging System
Communication
& Networking System
Surveillance
& Reconnaissance
Intelligence
& Data Warfare
Combat
Simulation, Training & Health Monitoring
Others
Platform Outlook (Revenue: USD Billion;
2017-2027)
Land
Airborne
Naval
Joint
Space
Component Outlook (Revenue: USD Billion;
2017-2027)
Computer
Hardware Devices
Computer
Software
Display
Devices
Imaging
Devices
Night
Vision Devices
Tracking
Devices
Wired
Communication Devices
Wireless
Communication Devices
Identification
Friend or Foe (IFF)
Others
Technology Outlook (Revenue: USD Billion;
2017-2027)
Artificial
Intelligence
3D
Printing
Internet
of Things
Wearable
Devices
Others
Regional Outlook (Revenue, USD Billion;
2017-2027)
North America
Europe
Asia Pacific
Latin America
MEA
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