The battlefield management system market size is projected to reach US$ 16.42 billion by 2031 from US$ 11.48 billion in 2023. The market is expected to register a CAGR of 4.6% during 2023–2031. The demand for miniaturization of systems in military applications is likely to remain a key trend in the market.
Battlefield Management System Market Analysis
The market primarily encompasses software developers, system developers, system integrators, and end users. Market players mainly constitute software developers such as Atos, Systematic, and Rolta, which offer software-based solutions for battlefield management through their technical expertise. System developers are the hardware manufacturers who are the forerunners in this market as they obtain contacts from different military forces. The software developers and the system developers operate in a synchronized manner. Once the system and software are developed, the system developers pass the solutions to the system integrators, who finally integrate the software onto the system, who then deliver the BMS to the armed forces. Various system developers also operate as a system integrators and provide the entire system to the end users directly. The end-users comprises various armed forces across the world, representing the demand side of the market.
Battlefield Management System Market Overview
Currently, the battlefield management system market consists of large and established market players with substantial customer base. Moreover, the large entry barriers along with the government’s inclination towards rewarding previous long business engagements has also attributed in the low threat from new entrants into the battlefield management system market. However, the recent budget cuts as well as a surge in demand for superior logistics planning, management, and operation is anticipated to ease the barriers for selected logistics offerings. For instance, opportunities for enhanced logistics-related services such as consultancy, optimization, and integration & support of advanced technologies along with its logistics support are expected to provide moderate entry barriers during the coming years.
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Battlefield Management System Market: Strategic Insights
Market Size Value in US$ 15,974.0 Million in 2019 Market Size Value by US$ 26,246.7 Million by 2027 Growth rate CAGR of 6.4% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Battlefield Management System Market: Strategic Insights
| Market Size Value in | US$ 15,974.0 Million in 2019 |
| Market Size Value by | US$ 26,246.7 Million by 2027 |
| Growth rate | CAGR of 6.4% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Battlefield Management System Market Drivers and Opportunities
Need for Enhanced Situational Awareness Technologies
Situational awareness or being aware of the location is paramount during the battle. The battlefield presents several challenges to situation awareness, which poses a substantial threat to the dismounted soldiers as well as vehicles. This is due to the fact that enemies or militant forces are using advanced technologies, which creates a challenging situation for armed forces during decision-making. The primary goal of BMS is to overcome such challenges in an efficient way by helping soldiers to think and act quickly. The BMS is considered to increase situational awareness, especially in situations where enemy traceability is low. It helps recognize and understand critical elements of information regarding the activity of the team, particularly to a battlefield.
Growing Adoption of Advanced Technologies in Military Industry
The military sector across the globe is aiming to improve their land, airborne, and naval capabilities through several technological advancements. The rising cross-border activities and unavoidable situations across borders demand advanced technical systems. Artificial intelligence (AI), when integrated with weapons, drones, and other products is playing a major role in the military sector. AI research is ongoing in the fields of intelligence collection and analysis, command and control, and in a variety of vehicles, and it has been incorporated into military operations in Syria and Iraq. China is betting on AI to optimize its defence capabilities and is predicted to become the world leader in AI field by 2030. Currently, they are focused on using AI to make well-informed and faster decisions and on building variety of autonomous military vehicles. Russia is also active in the integration of AI for the military technologies, with a significant focus on robotics. Such factors are likely to provide future opportunities in the coming years.
Battlefield Management System Market Report Segmentation Analysis
Key segments that contributed to the derivation of the battlefield management system market analysis are component, system, and application.
- Based on component, the battlefield management system market is segmented into wireless communication devices, imaging devices, display devices, computer software, and tracking devices. The wireless communication devices segment held a larger market share in 2023.
- Based on the system, the battlefield management system market is segmented into navigation & imaging systems, computing systems, and communication & networking system. The communication & networking system segment held a larger market share in 2023.
- Based on application, the battlefield management system market is segmented into vehicle, soldiers, and headquarters. The headquarters segment held a larger market share in 2023.
Battlefield Management System Market Share Analysis by Geography
The geographic scope of the battlefield management system market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
North America has dominated the market in 2023 followed by Europe and Asia Pacific regions. Further, Asia Pacific is also likely to witness the highest CAGR in the coming years. The US dominated the North America battlefield management system market in 2023. This is due to the presence of the largest military spending country i.e. the US which also comprises some of the major players operating in the battlefield management system market. Some of the major players that have a presence in the North America battlefield management system market include vendors such as BAE Systems Plc, General Dynamics Corporation, Raytheon Technologies Corporation, L3Harris Technologies Inc, Lockheed Martin Corporation, and Northrop Grumman Corporation.
Battlefield Management System Market Report Scope
Battlefield Management System Market News and Recent Developments
The battlefield management system market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the battlefield management system market are listed below:
- Lockheed Martin Australia signed a landmark AUD$500 million contract with the Department of Defence to build Australia’s future Joint Air Battle Management System under project - AIR6500 Phase 1 (AIR6500-1). This system will provide Defence with an advanced integrated air and missile defence capability, using next-gen technologies, to combat high-speed threats. (Source: Lockheed Martin Corporation, Press Release, Apr 2024)
- The Ministry of Defence (MOD) has awarded BAE Systems an £89 million contract to enhance front-line connectivity for military personnel, linking small reconnaissance drones, combat vehicles, fighter jets, aircraft carriers and military commands. (Source: BAE Systems Plc, Press Release, Aug 2023)
Battlefield Management System Market Report Coverage and Deliverables
The “Battlefield Management System Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Battlefield management system market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Battlefield management system market market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed porter’s Five Forces analysis
- Battlefield management system market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the battlefield management system market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component ; System ; Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Brazil, Canada, China, France, Germany, India, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
North America region dominated the battlefield management system market in 2023.
Need for enhanced situational awareness technologies and the rising global military expenditure are some of the factors driving the growth for battlefield management system market.
The demand for miniaturization of systems in military applications is one of the major trends of the market.
BAE Systems Plc, Elbit Systems Ltd, General Dynamics Corporation, L3Harris Technologies Inc, Leonardo SpA, Raytheon Technologies Corporation, Rheinmetall AG, Lockheed Martin Corporation, SAAB AB, and Thales Group are some of the key players profiled under the report.
The estimated value of the battlefield management system market by 2031 would be around US$ 16.42 billion.
The battlefield management system market is likely to register 4.6% during 2023-2031.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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