The report “Battlefield Management Systems Market by Solution (Hardware, Software) Platform (Armored Vehicles, Headquarter, and Command Centers, Soldier Systems), System, Component, Installation Type, End-User, Region – Global Forecast to 2025″, is projected to grow from USD 9.5 billion in 2020 to USD 11.8 billion by 2025, at a CAGR of 4.3% from 2020 to 2025. Some of the factors that are expected to fuel the growth of the battlefield management systems market include the increasing demand for enhanced situational awareness and rising budget allocations for military modernization programs.
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Driver: Demand for enhanced situational awareness to support decision making process
Situational awareness provides the capability to identify, process, and analyze critical information from various sources to the decision-makers during combat. Success of any air, naval, and military operation depends upon the accuracy of situational awareness intelligence. Advanced intelligence, surveillance, and reconnaissance technologies integrated with command and control capabilities provide air, ground, and maritime solutions with real-time situational awareness information for strategic decision making. High-bandwidth sensor processing, video management systems, secure network routers, and switches play a crucial role in effective decision-making in a mission
Based on platform, the headquarter & command centers segment is projected to grow at the highest CAGR during forecast period.
Based on platform, the headquarter & command centers segment is projected to grow at the highest CAGR during forecast period. The growing demand for effective software modules to manage various functions of headquarter and command centers during real-world combat situations is projected to drive the growth of this segment.
Based on end user, the army segment is projected to grow at the highest CAGR during forecast period.
Based on end user, the army segment is projected to grow at the highest CAGR during forecast period. Increasing use of battlefield management systems for real-time intelligence distribution is projected to drive the growth of this segment.
The Battlefield Management Systems Market in Asia Pacific is projected to grow at the highest CAGR from 2020 to 2025.
The Asia Pacific battlefield management systems market is projected to grow at the highest CAGR during the forecast period. The growth of the Asia Pacific battlefield management systems market is primarily driven by increasing focus on modernization of existing military systems by major economies in this region. In addition, factors including increasing geopolitical tensions and increased defense related expenditure are expected to drive the demand for battlefield management systems in the region.
Major players in the Battlefield Management systems market are Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Thales Group (France), Collins Aerospace (US), Leonardo SPA (Italy), BAE Systems (UK), Atos SE (France), Saab AB (Sweden), Aselsan (Turkey), Elbit Systems (Israel) and L3Harris Technologies (US).
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