Overview
and Scope
The battlefield management system (BMS) provides an integrated common operating
picture (COP) of the battlefield, utilizing collaborative planning tools to
enable tactical commanders at all levels, from battalion HQ to section
commanders, to make responsive and knowledge-based decisions and exercise
highly effective control over operations in a dynamic and fluid battlefield,
all while remaining focused on their primary missions. Commanders of any arm or
service at various hierarchical levels can benefit from the real-time precise
information provided by the battlefield management system, allowing them to
make the correct decisions at the right moment. Understanding the battlefield
in its current state is critical for any mission's success and survival.
Sizing and Forecast
The battlefield management system market size has grown strongly in recent
years. It will grow from $15.37 billion in 2023 to $16.88 billion in 2024 at a
compound annual growth rate (CAGR) of 9.9%. The
growth in the historic period can be attributed to military
modernization, rise in threat landscape, rise in military budgets, economic
growth.
The battlefield management system market size is expected to see strong growth
in the next few years. It will grow to $23.68 billion in 2028 at a compound
annual growth rate (CAGR) of 8.8%. The
growth in the forecast period can be attributed to cybersecurity concerns,
environmental factors, growth in defense sector, government support. Major
trends in the forecast period include ai and machine learning integration,
cloud-based bms, multi-domain operations, cybersecurity enhancements,
energy-efficient bms.
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Segmentation & Regional Insights
The battlefield management system market covered in this report is segmented –
1) By Components: 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)
2) By Type: Dismounted Soldier Systems, Commander Systems, Communication
Network Systems
3) By System: Computing, Communication and Networking, Command and Control,
Navigation, Imaging, and Mapping
4) By Platform: Armoured Vehicles, Headquarter and Command Centers, Soldier
Systems
5) By Application: Air Force, Army, Navy
North America was the largest region in the battlefield management system
market in 2023. Asia-Pacific is expected to be the fastest-growing region in
the forecast period. The regions covered in the battlefield management system
market report include Asia-Pacific, Western Europe, Eastern Europe, North
America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The growth in military spending (consisting of the army, navy, and air force)
is expected to propel the growth of the battlefield management system market. A
military expenditure plan, also known as a nation's defense budget, is the
number of financial resources committed to the maintenance of an armed force or
various defense strategies. In recent years, a rise in military spending and
regional tensions among various countries has led to an increase in military
spending, research and development, and procurement of advanced military
equipment such as battlefield management systems. For instance, in April 2023,
according to Stockholm International Peace Research Institute, a Sweden-based
international organization, in 2022, the total amount spent on military
spending worldwide climbed by 3.7% in real terms, hitting a record $2240
billion. Therefore, a rise in military spending drives the growth of
battlefield management system market .
Key Industry Players
Major companies operating in the battlefield management system market include Rolta India Limited, Leonardo S.p.A., Atos SE,
Elbit Systems Ltd., Thales Group, Rheinmetall AG, BAE Systems plc, Saab AB,
Aselsan Elektronik Sanayi ve Ticaret A.S., L3Harris Technologies Inc., Cobham
Limited, Raytheon Company ., Lockheed Martin Corporation, Northrop Grumman
Corporation, RUAG Group ., Indra Sistemas S.A., General Dynamics Corporation,
Collins Aerospace., Rockwell Collins Inc., Safran S.A., Cubic Corporation,
Ultra Electronics Holdings PLC, Systematic A/S, Viasat Inc., L3Harris
Technologies Inc., General Atomics Aeronautical Systems Inc., Kongsberg Gruppen
ASA, QinetiQ Group plc
The battlefield management system market
report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
.
.
.
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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