Digital Battlefield Market : Hardware, Software, Services Industry Forecast, 2021-2031

The digital battlefield market was valued at $38 billion in 2021, and is estimated to reach $156.8 billion by 2031, growing at a CAGR of 15.7% from 2022 to 2031.

North America dominates the market, in terms of revenue, followed by Asia-Pacific, Europe and LAMEA. In addition, North America is expected to grow at a significant rate during the forecast period, owing to the demand for mobile communication with greater performance.

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Artificial intelligence, big data analytics and robotics technologies are turning into a part of defense organizations driven by the ease of data from digital battlefield sources like C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance). Defense and military sectors are gradually spending on information and analytics processing to improve capabilities of artificial intelligence in the digital battlefield.

IoT in military resonates the networking of a few integrative regions like programming information and designs, radio range, energy productivity, web innovation, information sensor frameworks, investigation, versatile processing, installed equipment, networks, the board. The rapid extension of internet of things (IOT) is endorsed by plunging expenditures and large-scale design of progressively huge microelectronics like sensors, handling units, and collectors.

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COVID-19 Impact Analysis :

The global digital battlefield industry was likely to grow between 3% to 4% in 2020; but, due to the Covid-19 impact pandemic, it has seen a major downfall of growth owing to restrictions arising in global trade. Consequently, digital battlefield was also negatively affected due to disturbance in the global supply chain. The COVID-19 lockdown has its monetary toll which disrupted the supply chain, ceased the service/production cycle, and affected inventories, thus, making a situation of apprehension and uncertainty, due to interruptions in inventory management, payments, wage bills and cash flows.

KEY FINDINGS OF THE STUDY :

By solution, the software segment is projected to dominate the global digital battlefield market in terms of growth rate.

By technology, the others segment is projected to dominate the global digital battlefield market in terms of growth rate.

By application, the others segment is projected to dominate the global digital battlefield market in terms of growth rate.

By platform, the naval segment is projected to dominate the global digital battlefield market in terms of growth rate.

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The key players operating in the digital battlefield market are ATOS SE, Booz Allen Hamilton Inc., Elbit Systems Ltd., L3Harris Technologies, Inc., Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, Rheinmetall AG and Teledyne FLIR LLC.

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