Global Battlefield Management Systems Market Size to Reach USD 27.55 Billion in 2032

Vancouver, Nov. 23, 2023 (GLOBE NEWSWIRE) -- The Global Battlefield Management Systems Market is forecasted to be worth USD 27.55 billion by 2032, 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.

Besides, extensive emphasis on the common operating picture (COP) of the military operations, and higher capabilities of information dominance, battlefield awareness, and decision advantages of the next generation machineries & information technology pertaining to surveillance & reconnaissance, cyber security & data warfare especially, are the crucial reasons behind the enormous growth of this market.

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The global market landscape of Battlefield Management Systems is expected to remain in a very competitive and highly fragmented landscape consisting of a number of both the small start-ups, medium enterprises, and large conglomerates. During the projected era, increasing demand for technological development and higher diversification in offered products ensure the enormous potential for the innovative players.

Scope of Research

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MAJOR COMPANIES and Market Share Analysis

The market for Battlefield Management Systems Market is mostly on the fragmented side, with a number of conglomerates as well as medium-sized & start-up companies, which account for a major global share of the market. The crucial players involved in the Battlefield Management Systems Market are desegregated across the value chain. The key companies of the market are well-equipped with large production facilities and are also engaged in various research & development activities. Some of the prominent players in the market include:

• The Boeing Company
• BAE Systems
• Lockheed Martin
• Rockwell Collins
• Elbit Systems
• Northrop Grumman
• Thales Group
• Leonardo S.p.A.
• Raytheon Company
• General Dynamics

Strategic Development

In April 2019, The Defense, Space & Security segment of The Boeing Company in El Segundo, California, announced the building of the eleventh U.S. Air Force Wideband Global communication satellite (SATCOM) named WGS-11. This SATCOM created a significant breakthrough in the defense sector for this country.

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.

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Some Key Highlights from the Report

• 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.

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For the purpose of this report, Emergen Research has segmented into the global Battlefield Management Systems Market on the basis of Application, Platform, Component, Technology, and Region:

• Application Outlook $1
  • Computing System
  • Navigation & Imaging System
  • Communication & Networking System
  • Surveillance & Reconnaissance
  • Intelligence & Data Warfare
  • Combat Simulation, Training & Health Monitoring
  • Others
• Platform Outlook $1$1
  • Land
  • Airborne
  • Naval
  • Joint
  • Space
• Component Outlook (Revenue: USD Billion; 2019-2032)
  • 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; 2019-2032)
  • Artificial Intelligence
  • 3D Printing
  • Internet of Things
  • Wearable Devices
  • Others
• Regional Outlook (Revenue: USD Billion; 2019-2032)
  • North America
    1. U.S.
    2. Canada
  • Europe
    1. Russia
    2. UK
    3. Germany
    4. France
    5. BENELUX
  • Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. North Korea
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • MEA
    1. Saudi Arabia
    2. UAE
    3. Israel
    4. Rest of MEA

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