Battlefield Management Systems Market Trends – Higher usage of Artificial Intelligence in defense intelligence agencies
— Emergen Research
VANCOUVER, BC, CANADA, May 23, 2022 /EINPresswire.com/ — 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.
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.
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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The report offers insightful information about the market dynamics of the Battlefield Management Systems market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Battlefield Management Systems market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Battlefield Management Systems market.
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 (Revenue: USD Billion; 2017-2027)
Navigation & Imaging System
Communication & Networking System
Surveillance & Reconnaissance
Intelligence & Data Warfare
Combat Simulation, Training & Health Monitoring
Platform Outlook (Revenue: USD Billion; 2017-2027)
Component Outlook (Revenue: USD Billion; 2017-2027)
Computer Hardware Devices
Night Vision Devices
Wired Communication Devices
Wireless Communication Devices
Identification Friend or Foe (IFF)
Technology Outlook (Revenue: USD Billion; 2017-2027)
Internet of Things
The current COVID-19 pandemic is expected to have an effect on the growth of the Battlefield Management Systems industry majorly attributable to the movement restrictions and impact on the supply and demand due to the lockdowns. The COVID-19 pandemic has affected several sectors of the global market, and the Battlefield Management Systems sector is expected to feel the impact of the pandemic. The economic slowdown and dynamic changes in the demands will further affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall Battlefield Management Systems industry.
The report further studies the latest technological and product developments of the regions and offers key insights into current and emerging trends. It also studies investment opportunities, consumption and production patterns, supply and demand, consumer demand and behavior, economic growth, macro- and micro-economic growth factors, regulatory framework, government support, and presence of key players in each region. The key regions list comprises of North America, Latin America, Europe, Asia Pacific, and Middle East & Africa along with their market size, market share, and revenue CAGR with key factors influencing the market growth.
Key questions addressed in the report:
Who are the leading players dominating the global Battlefield Management Systems Market?
Which factors could potentially hamper the global market growth during the forecast period?
Which regional market offers the most attractive growth opportunities to the companies operating in this market?
How is the raw material availability affecting the demand for Battlefield Management Systems in this industry vertical?
The study dives deep into the profiles of top market players and their key financials. This comprehensive report is not only for business analysts and any existing and new entrant can use it when designing their business strategies. The research is one of its kind global analyses of aspects such as import and export status, supply chain management, profit and gross margin worldwide for the forecast period 2020 – 2027. Extensive coverage of statistics associated with recent events including acquisition and mergers and strengths and weaknesses of a company forms an important part of the study on the Battlefield Management Systems market.
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Battlefield Management Systems Market Segmentation & Impact Analysis
4.1. Battlefield Management Systems Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
184.108.40.206. Growing emphasize on battlefield technology upgrade
220.127.116.11. Asymmetric welfare interpersonal relationships among countries
18.104.22.168. Huge growth in the IoT devices & information technology
4.2.3. Market restraints analysis
22.214.171.124. Regulatory hurdles & higher cost associated to it
126.96.36.199. Inefficient research methodologies
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Battlefield Management Systems Market By Application Insights & Trends, Revenue (USD Billion)
5.1. Application Dynamics & Market Share, 2019 & 2027
5.1.1. Computing System
5.1.2. Navigation & Imaging System
5.1.3. Communication & Networking System
5.1.4. Surveillance & Reconnaissance
5.1.5. Intelligence & Data Warfare
5.1.6. Combat Simulation, Training & Health Monitoring
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Finally, all aspects of the Battlefield Management Systems Market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
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