The Battlefield Management System market delves into the possible growth opportunities for the global market and the chronological growth of the market throughout the forecast period.
Industry Highlights
The global battlefield management system market is expected to garner maximum revenue in the forecast period. Factors such as enhanced need for situational awareness and for battlefield management systems (BMS) in special operations are expected to fuel the growth of battlefield management system market. Also, the mounting political tension between countries like Russia, Mexico, Ukraine, China, India, U.S. and Pakistan is anticipated to lead to increased adoption of new and modernized systems and technologies.
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Market Scenario:
Battlefield management system (BMS) is a system meant to incorporate information acquisition and processing in order to boost command as well as control of a military unit. This system supports in taking better decision owing to reliable operational information offered in real time and possess the ability to rapidly close the sensor to shooter loop by assimilating all surveillance means to enable the engagement through an automated decision support and command and control system, thereby using technology for mission accomplishment in the Tactical Battle Area (TBA) by swift acquisition, information processing and transfer, improved situational awareness, and ability to react to information.
Leading Key Players:
The global battlefield management system market is highly competitive owing to the presence of major vendors like Lockheed Martin and Harris. The competitive environment in this market is analyzed to strengthen with an increase in research and development innovations and mergers and acquisitions in the future years. The major companies that provide battlefield management systems include Lockheed Martin Corporation, SAAB AB, Thales Group, Systematic A/S, Leonardo S.p.A., and Raytheon Company among others.
Market Segments
The global battlefield management system market can be classified based on platform, system and region.
• On the basis of platform, the global battlefield management system market is classified into headquarter, vehicle, and soldier.
• Depending upon system, it is segmented into computing system, navigation and imaging system, communication and networking system.
Market Segments
Among the market segments, the vehicle segment commands the major share of the battlefield management system (BMS) market, and is expected to continue its market share over the forecast period. Also, the soldier market segment is anticipated to grow at the swiftest rate during the forecast period. Factors such as attainment of advanced subsystems such as networking and C4I, modern communication systems is estimated to fuel the growth of the soldier segment of the battlefield management system (BMS) market. Also, the navigation & imaging system segment commands the major share of the battlefield management system (BMS) market and is anticipated to grow at the swiftest rate during the forecast period.
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Regional Analysis
Based on regions, the global battlefield management system market is divided into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America. The North American region is anticipated to command the maximum market share and would lead the market during the forecast period. Owing to an increase in the funding for maritime programs and up gradation of vehicles with BMS, this region will retain its dominant position over the market. The region is investing heavily in defense institutional reforms. Also, high usage of battlefield systems in overseas operations conducted by the U.S. Army in countries such as Afghanistan, Syria, and Iraq demonstrates its augmented demand in the North America defense market, thereby propelling the battlefield management system (BMS) market during the forecast period.
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