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 global as well as
regional battlefield management system market. The study also highlights the
impact of drivers, restraints, and macro indicators on the global and regional
battlefield management system market over the short term as well as long term.
The report is a comprehensive presentation of trends, forecast and dollar
values of the global battlefield management system market. According to the report,
the global 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 information. 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 prime drivers propelling the
market’s growth are the need to minimize the risk of friendly fire, change in
warfare, protection of troops, and interoperability enhancement between various
communication channels. Additionally, improved military troop efficiency and
security of military troops also push the market’s growth. Furthermore, air,
military, and naval operations require situational awareness intelligence in
their workforce; hence there is a considerable demand for battlefield
management systems in such units. Moreover, there is a raising need for
tracking enemy forces, which is heavily demanding that situational awareness
provided by various sensors helps in effective mission planning. For instance,
under the United Kingdom’s robotic platoon vehicle program agreement,
Rheinmetall AG secured a contract from the British armed forces for Mission
Master combat ground vehicles in April 2020. However, the lack of proper
deployment and high cost involved in implementing the battlefield management
system is hampering the growth 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. Additionally, to ensure the seamless communication and planning of
deployment of troops, the demand for a battlefield management system is
expected to rise over the forecast period.
The outbreak of COVID-19 has led
to a significant drop in overall defense-related budget allocations, which led
to depleted interests in military modernization programs globally. As a result,
the demand for battlefield management systems decreased. Furthermore, various
battlefield management system providers across all markets have faced
reductions in revenues due to late delivery, manufacturing shutdown, and
limited equipment availability. Additionally, the COVID-19 pandemic also
affects crucial defense activities such as conferences, joint exercises,
drills, regular training, and recruitments, which directly affects the growth
of the battlefield management market. Hence, the battlefield management system
market has faced many ups and downs during the pandemic, which negatively
impacted the market.
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 information. 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 report on the global 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, Rolta India
Limited, General Dynamics Corporation, Elbit Systems Ltd, Rheinmetall AG,
Leonardo SpA, Thales Group, Atos S.E., BAE Systems PLC, and Raytheon Company.
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 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.
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