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Battlefield Management Systems Market Growth Opportunities & Industry Analysis Report, 2020-2027

04-05-2021 02:35 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: GMI Research

Growth opportunities in the battlefield management systems market look promising over the next six years. This is mainly due to the demand for battlefield management systems in special operations, the increasing defense budgets of countries across the globe, and the growing emphasis on enhancing situational awareness.

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Battlefield Management Systems Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The factors supporting the growth of the global battlefield management systems market include increasing situational awareness and the huge demand for battlefield systems in special operations. Additionally, the growing budget of countries for defense throughout the world, the surging tension allying middle east countries, and the border disputes will further stimulate the market demand. Moreover, the increasing defense budgets of countries across the globe and the rising tensions between Middle Eastern countries, and border disputes will further complement the demand of the market. Moreover, the augmenting need to strengthen the battlefield capabilities of countries further drives the market growth. In addition to this, the expanding adoption of new and advanced technology for military modernization and demand for accuracy in navigation and connectivity will create tremendous growth opportunities in the market. The rising need to reduce fire, improve military troop productivity, and security around the world is stimulating them to choose for these systems. However, the huge implementation cost related to Battlefield management systems is expected to hamper the market growth.

Platform Segment Drivers

Based on the platform, the vehicle segment is predicted to dominate the battlefield management system market over the forecast period. This is because of the increasing requirement for situational awareness in connectivity, battlefields, and navigation accuracy, the growing regional conflicts, and military modernization. Also, the strong demand for military vehicles like a tank, armored personnel carriers by defense forces, lightly protected cars, armored vehicles, will further strengthen the market demand.

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Regional Drivers

On the basis of region, North America is projected to lead the market over the forecast period. The huge investments in research and development across the U.S. and Canada for armies and special operations and the increased adoption of advanced communication systems on the battlefield are fuelling the growth of the market in this region.

Battlefield Management Systems Market’s leading Manufacturers:
• Indra Sistemas, S.A.
• Rheinmetall AG
• Raytheon Company
• Leonardo S.P.A.
• BAE Systems PLC
• Rockwell Collins, Inc.
• Israel Aerospace Industries Limited
• Elbit Systems Ltd.
• Thales Group
• Rolta India Limited
• Harris Corporation
• Saab AB

Battlefield Management Systems Market Segmentation:

Segmentation by Platform:
• Vehicle
• Headquarter
• Solider

Segmentation by System:
• Navigation & Imaging System
• Communication & Networking System
• Computing System

Segmentation by Component:
• Wireless Communication Devices
• Imaging Devices
• Computer Software
• Tracking Devices
• Wired Communication Devices
• Computer Hardware Devices
• Night Vision Devices
• Night Vision Devices
• Identification Friend or Foe (IFF)

Segmentation by Region:

• North America
o United States of America
o Canada

• Asia Pacific
o China
o Japan
o India
o Rest of APAC

• Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe

• RoW
o Brazil
o South Africa
o Saudi Arabia
o Rest of the world (remaining countries of the LAMEA region)

Media Contact

Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

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