Press release
Investments In GPS-Based Solutions Can Boost Demand For Digital Battlefields In The Foreseeable Future
About the ReportThe global digital battlefield market is expected to expand at an impressive CAGR of around 14% over the forecast period of 2021 to 2031. AI innovations in digital battlefields in the defense sector will be key to the growth of market players over the coming years.
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Modern warfare and military combats across countries are being redefined with technology. The flow of information across military hierarchies has led to the evolution of defined horizontal and vertical communication.
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What are the Key Opportunities for Manufacturers of Digital Battlefield?
Integration of geographical information systems (GIS) and global positioning systems (GPS) can potentially improve military operations. Their integration can be effectively utilized in surveillance systems, through localization and visualization.
Besides, GIS can be customized to enable battlespace situation analysis. Functionalities of GPS, data fusion, spatial analysis, display of spatial data, and database management can play a pivotal role in modern warfare. Thus, investments in GPS-based solutions can boost demand for digital battlefields in the years to come.
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Which Region Offers Larger Opportunity for Sales of Digital Battlefields?
North America accounts for approximately 39% of the global sales value of digital battlefields. The region is expected to offer around US$ 23.2 Bn absolute dollar opportunities from 2021 to 2031. In 2019, the U.S. had military spending of US$ 732 Bn, the highest globally. The proportion of digital battlefield technologies in the country’s military budget has been increasing every year. The market in the country is expected to offer an absolute dollar opportunity of US$ 16 Bn from 2021 to 2031.
Key Market Segments Covered
By Technology
Artificial Intelligence
3D Printing
Internet of Things
Big Data Analytics
Robotic Process Automation
Cloud Computing & Master Data Management
Digital Twin
Blockchain
AR and VR
5G
By Application
Warfare Platforms
Cyber Security
Logistics & Transportation
Surveillance & Situational Awareness
Command & Control
Communication
Health Monitoring
Simulation & Training
Combat Simulation and Training
Command and Control Training
Design and Manufacturing
Predictive Maintenance
Threat Monitoring
Real-Time Fleet Management
Electronic Warfare
By Platform
LandDigital Battlefields
Military Fighting Vehicles
Unmanned Ground Vehicles
Weapon Systems
Headquarter and Command Centers
Dismounted Soldier Systems
NavalDigital Battlefields
Naval Ships
Submarines
Unmanned Maritime Vehicles
Airborne Digital Battlefields
Combat Aircraft
Helicopter
Special Mission Aircraft
Unmanned Aerial Vehicles
SpaceDigital Battlefields
CubeSat
Satellites
By Installation
New Procurement Digital Battlefields
Upgrades in Digital Battlefields
By Solution
Hardware
Communication Devices
Wearable Devices
Smart Clothing
Exoskeleton
Smart Helmets
Imaging Devices
Display Devices
Tracking Devices
Computer Hardware Devices
Data Distribution Units
Night Vision Devices
RFID
Others
Software
Command & Control Software
Military Situational Awareness
Security Management
Inventory Management
Fleet Management
Weapon Integration
Others
Services
Deployment & Integration
Upgrade & Maintenance
Software Support
Others
By Region
North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA
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Competitive Landscape
Key players in the digital battlefield market discussed in the report have focused on winning new orders and contracts for digital battlefields. Strategies include product launches, collaborations with key players, partnerships, and mergers and acquisitions. Some of the key development are:
In December 2020, the Royal Netherlands Army awarded Elbit Systems Ltd. to supply digital soldier systems. The contract includes provision of digital soldier systems and vehicular integration to the Royal Netherlands Army. The contract was valued at US$ 50 Mn.
In December 2020, the Netherlands Armed Forces awarded a contract to Elbit Systems Ltd. to deliver micro-night vision systems. The contract was valued at US$ 15 Mn.
In July 2020, the U.S. Department of Defense awarded Northrop Grumman a contract to supply forward area air defense command & control systems (FAAD C2).
In June 2020, the U.S. Air Force selected Raytheon Technologies to participate in a contract to develop an advanced battle management system. The contract was worth around US$ 950 Mn.
In April 2020, Consortium Management Group (CMG) awarded a contract to Lockheed Martin to begin phase 2 development of the multi-function electronic warfare air large (MFEW-AL) program of the U.S. Army. The contract was worth US$ 75 Mn.
In April 2020, the Spanish Navy awarded Lockheed Martin a contract to provide sensors and radar equipment with the use of Aegis Combat System (ACS). The contract was valued at US$ 519 Mn.
In March 2020, the U.S. Army engaged Raytheon Technologies in a contract for manufacturing Patriot, an air and missile defense system. The contract was valued at around US$ 551 Mn.
For More Insights- https://www.einpresswire.com/article/556866054/sun-control-window-films-market-automotive-applications-to-garner-one-third-market-share
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