Digital Battlefield Market (Solution - Hardware, Software, and Service; Platform - Airborne, Naval, Land, and Space; Technology - Artificial Intelligence, IoT, Big Data, 5G, Cloud Computing, and Master Data Management): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

A recent report published by Infinium Global Research on the digital battlefield market provides in-depth analysis of segments and sub-segments in the global as well as regional digital battlefield market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional digital battlefield market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts and dollar values of the global digital battlefield market. According to the report, the global digital battlefield market is projected to grow at a CAGR of 16.25% over the forecast period of 2021-2027. The global digital battlefield market grew from nearly USD 33.99 billion in 2021 to about USD 83.89 billion in 2027.

Market Insight

The battlefield is becoming increasingly digital across the land, in air, below the sea, and in space. Smooth communications on the field of battle are crucial. A digital battlefield is characterized by high-resolution digital images from various sources and the capacity to manipulate, model, and combine the images. A vital element in the digital battlefield is the value of Situational Awareness information. This information needs to be shared among various combat teams and assets on the ground, at sea, in the air, or in barracks. In a digital battlefield, all resources are integrated through complex communication and data networks. Various challenges are faced during the assessment of ways to implement the digital battlefield such as Capability implementation across the entire land combat team, connectivity on the move, manageable cognitive load, trust, reliability and accuracy, and resilient combat operations. With the emergence of digital technologies, like the Internet, World Wide Web, darknet, digital data, social media platforms, etc the fifth dimension of warfare has now arrived. The COVID-19 outbreak created a healthcare emergency affecting almost every industry across the globe its long effect is projected to impact the industry growth in upcoming years. Covid 19 created a speedy adoption of digital technologies changing the business style of every business and various companies across various sectors. Covid 19 weakened the economies of almost every country across the globe. Due to the lockdown imposed by the government the production activities of digital battlefield products, such as systems, subsystems, and components, got affected because most industries had been shut down for a few months in order to decrease the spread of disease in large numbers. Moreover many countries had also closed their boundaries which created supply chain disruption affecting production and delivering the products on time.

The rising investments and transformation carried out in the defense sector for developing advanced military equipment are driving the market growth for the digital battlefield market. Furthermore, New procurement programs carried out in developed nations such as the US, China, Russia, India, and others are anticipated to propel market growth. The high development and maintenance costs required may hinder the market growth of the digital battlefield market. The development of AI-enabled digital battlefield devices along with the incorporation of geographical information systems (GIS) and satellite-based geospatial analytical solutions and tools are expected to provide growth opportunities for players in the digital battlefield market in the forecasting years

Among the regions, North America accounted for the largest share of the global digital battlefield market. The region has the strongest defense sector and economic policies and is well known due to the presence of the key market player, exporters, and users of digital battlefield systems. Early adoption of technological and heavy investment done by the government in their defense sector and moreover an increase in advanced capabilities in existing defense systems of the US Army to create an incoming threat. However, the Asia Pacific region is anticipated to grow at the highest rate in the global digital battlefield market over the forecast period. China aims to be the first country to merge the components of the digital triad to not only drive its economic development and commercial value but also improve the competitiveness of its diplomatic, military, and intelligence operations

Segment Covered

The report on the global digital battlefield market covers segments such as solution, platform, and technology. On the basis of solution, the sub-markets include hardware, software, and service. On the basis of platform, the sub-markets include airborne, naval, land, and space. On the basis of technology, the sub-markets include artificial intelligence, IoT, big data, 5G, cloud computing, and master data management.

Companies Profiled:

The report provides profiles of the companies in the market such as BAE Systems, Collins Aerospace, General Dynamics Corporation, Leonardo S.P.A, L3Harris Technologies, Inc, Lockheed Martin Corporation, Northrop Grumman, Raytheon Technologies Corporation, Saab AB, and Thales Group.

Report Highlights:

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 digital battlefield market. Moreover, the study highlights current market trends and provides forecasts from 2021-2027. 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.