Battlefield Management Systems Market Will Generate Record Revenue by 2029

Battlefield Management Systems Market is anticipated to grow at a CAGR during the forecast period. The major factors for the growth of the market are the increasing need for precise situational awareness and the importance of the decision-making process during combat situations. These factors will fuel the growth of the global battlefield management systems market during the forecast period.

The main advantage of the battlefield management system is that it provides the capability to identify, process, and analyze critical information from various sources and help decision-makers to conclude combat. For any army to be successful the need for accurate situational awareness is important. The use of satellites, high bandwidth processing sensors, SATCOM, video management systems, and many others play important role in the battlefield.

Some of the key players in the market include Lockheed Martin Corporation, Northrop Grumman Corporation, Thales Group, Collins Aerospace, BAE Systems, among others. For instance, In April 2020, Rheinmetall AG signed a contract with the British Armed Forces for combat ground vehicles which will be robotic and these vehicles will give precise and real-time situation updates. All these factors combined will fuel the growth of the market during the forecast period.

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Market Coverage

· The market number available for - 2022-2030

· Base year- 2022

· Forecast period- 2023-2030

Segment Covered-

· By Component

· By Solution

· By End-User

· Competitive Landscape - Lockheed Martin Corp., Northrop Grumman Corp., Thales Group, Collins Aerospace, BAE Systems, among others.

Battlefield Management System Market by Segments

By Component

· Communication Devices

· Imaging Devices

· Display Devices

· Tracking Devices

· Computer Hardware Devices

· Night Vision Devices

· Software

By Solution

· Hardware

· Software

By End-User

· Army

· Navy

· Air Force

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Battlefield Management System Market by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

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