Battlefield Management Systems Market
Battlefield Management System Market Size was valued at USD 9.2 billion in 2022. The battlefield management system market industry is projected to grow from USD 9.6 Billion in 2023 to USD 12.93 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 16.26% during the forecast period (2023 - 2030).
A battlefield management system (BMS) combines data from real-time data on the battlefield and processes the data to provide surge command and controller of a military force. The main components of the Army's network-centric combat program are the battlefield management systems, which integrate information from groups on the battlefield to the command headquarters.
Soldiers on the battlefield may access real-time data for better decision-making in challenging situations because of BMS's ability to gather and transmit information, pictures, and voice from a variety of sources, including cameras, laser rangefinders, radar, and ground sensors. Since COVID-19, the disease has spread to nearly every country on the planet, prompting the WHO to declare it a public health emergency. The disease's worldwide impact is already being seen, and it is projected to have a considerable influence on the global Battlefield Management Systems Market. The COVID-19 outbreak had an impact on critical military operations such as conferences, joint exercises, drills, regular training, and recruitments, which has a direct impact on the expansion of the battlefield management industry.
Regional Analysis
The market in North America is expected to be dominated by the US and Canada. The US is the largest market for BMS due to the increasing defense expenditure and the presence of a large number of military forces. Canada is the second-largest market in the region due to the increasing demand for BMS from the commercial sector.
Market Segmentation
The Global Battlefield Management Systems Market has been segmented into type, components, and application.
Based on the type, the market has been segmented into commander systems, dismounted soldier systems, communication network systems, and others.
Based on the components, the market has been segmented into a wireless communication device, computer hardware device, wired communication device, computer software, display device, tracking device, identification friend or foe, imaging device, and night vision device.
Based on the application, the market has been segmented into the army, air force, and navy.
Key Players
Some of the key Battlefield Management Systems Market Players are Collins Aerospace, Rolta India Limited, Cobham, General Dynamics Corporation, L3 Technologies Inc, Lockheed Martin Corporation, Elbit Systems Ltd, Leonardo SpA, Thales Group, Atos SE, BAE Systems PLC, Northrop Grumman Corporation, Raytheon Company, Saab AB, Harris Corporation.
Key Developments
In June 2018, Thales Group launched Nexium Defense Cloud, a private cloud infrastructure solution that offers enhanced connectivity to defense personnel on the battlefield.
In November 2018, United Technologies Corporation acquired Rockwell Collins. The acquisition enabled both companies to strengthen their position in the defense industry.
In July 2015, Harris Corporation restructured its business segments into communication systems, critical networks, electronic systems, and space and intelligence systems. The restructuring enabled the company to strengthen its position in the defense industry and offer innovative solutions to its customers.
Global Battlefield Management Systems Market Research Report: Information by Type (Commander Systems, Dismounted Soldier Systems, Communication Network Systems, and Other Systems), Application (Army, Air Force, and Navy), Region—Forecast till 2030
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