Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report ongoing study by
Infinium Global Research on the battlefield management system market provides
in-depth analysis of segments and sub-segments in the BRICS as well as regional
battlefield management system market. The study also highlights the impact of
drivers, restraints, and macro indicators on the BRICS and regional battlefield
management system market over the short term as well as long term. The report
is a comprehensive presentation of trends, forecasts, and dollar values of the BRICS
battlefield management system market. According to the report, the BRICS
battlefield management system market is projected to grow at a significant CAGR
over the forecast period of 2022-2028.
A battlefield management system (BMS) is used to surge command and controller of a military unit. It works by integrating information acquired from real-time data on the battlefield and processing the data. Hence, the battlefield management system becomes a significant element of the army’s network-centric warfare program and incorporates information about groups on the battlefield to the command headquarters. Furthermore, a BMS permits soldiers on the battleground to admittance real-time data for better decision-making during difficult times. For this purpose, BMS obtain and transfer data, images, and voice from numerous sources, including cameras, laser range-finders, radar, and ground sensors. Moreover, geographical information systems, multisensory data fusion systems, rugged computing devices, and a software-defined radio-based communication system for soldiers are some of the technologies that are included in each BMS.
The rising military expenditure in
BRICS nations is expected to propel the growth of the BRICS battlefield
management system market over the forecast period. The counties in the BRICS
nations continue raising their spending on the army, navy, and air force. For
instance, in 2018, China recorded a straight 11-year increase in its annual
military expenditure, and during the year, the country’s annual military
spending accounted for 49% of the total defense expenditure in the overall
region. Furthermore, the countries in the BRICS nations are conducting joint
operations to develop communications between the army, navy, and air
force. The demand for battlefield management systems in such countries is
rising to establish such joint operations, propelling the market’s growth. For
instance, in 2019, India conducted a joint operational policy to develop
the much-required synergy between the army, navy, and air force. The doctrine
is envisioned in that operation to establish a broad framework of concepts and
principles for joint planning and execution of operations across all the
warfare domains. Other nations in the BRICS region deploy similar initiatives
to maintain territorial integrity and preserve national sovereignty. Moreover,
the countries like India and China are currently facing many geopolitical
tensions with increased defense-related expenditure. In such cases, there is a
need for enhanced situational awareness to support the decision-making process.
Such understanding is provided by the battlefield management system, which can
significantly contribute to the growth of the region’s market. However, the
lack of proper deployment and high cost involved in implementing the battlefield
management system is hampering the development of the battlefield management
system market over the forecast period. Nevertheless, an increase in the need
to protect nations from rapidly growing terrorist activities requires
strengthening military forces, thus, surging the integration of battlefield
management systems in the military, which is anticipated to provide ample
growth opportunities to the market.
The COVID-19 pandemic harmed the BRICS
battlefield management system market by directly affecting production and
demand, creating supply chain and market disruption, and its financial impact
on firms and financial markets. The need for battlefield management systems
decreased as the overall defense-related budget allocations dropped in the BRICS
nations. Furthermore, the key players in the market have faced reductions in
revenues due to late delivery, manufacturing shutdown, and limited equipment
availability due to market growth. In addition, the BRICS nations’ market had a
negative impact since the COVID-19 pandemic disturbs defense activities such as
conferences, joint exercises, drills, regular training, and recruitments, which
directly affects the growth of the battlefield management system market.
Geographically, China is expected
to bolster market prospects during the forecast period. The strengthening of
the strategic military alliances between the United States and China has
resulted in heavy demand for rapid modernization of defense capabilities of
regional countries, such as China, to safeguard their vested interests. To
effectively respond to security threats and accomplish urgent, critical, and
dangerous strategic missions, several weapon modernization programs are
currently underway to ensure the combat readiness of existing systems. Hence,
China’s demand for a battlefield management system rises to respond to security
threats effectively and accomplish urgent, critical, and dangerous strategic
missions. Furthermore, China has also raised its military expenditure, which
can effectively contribute to the market’s growth. For instance, in 2018, China
recorded a straight 11-year increase in its annual military spending, and
during the year, the country’s annual military expenditure accounted for 49% of
the total defense expenditure in the overall region. Additionally, China is
adopting many modernization programs, which have resulted in several contracts
for integrating advanced battlefield management systems.
The report on the BRICS battlefield
management system market covers segments such as solution, platform, and
end-user. On the basis of solution, the sub-markets include hardware, and
software. On the basis of platform, the sub-markets include armored vehicles,
headquarter, command centers, and soldier systems. On the basis of end-user,
the sub-markets include army, navy, and air force.
The report provides profiles of
the companies in the market such as Lockheed Martin Corporation, Atos China,
Rolta India Limited, Elbit Systems Ltd., Raytheon Company, Rockwell Collins,
Lockheed Martin, Thales, BAE Systems, and Northrop Grumman Corporation.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In addition,
this report provides insights into the factors that are driving and restraining
the growth in this market. Moreover, The IGR-Growth Matrix analysis given in
the report brings an insight into the investment areas that existing or new
market players can consider. The report provides insights into the market using
analytical tools such as Porter's five forces analysis and DRO analysis of the battlefield management system market. Moreover, the study highlights current
market trends and provides forecast from 2022-2028. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.
Please Choose One of them.