Market Research Future Insights:
According to MRFR analysis, the global Battlefield Management Systems market is expected to register a CAGR of ~4.99% from 2020 to 2030 and hold a value of over USD 12.81 Billion by 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 Outlook. 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 Insights 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.
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