Battlefield Management System Market Outlook 2024: Exclusive Report By The Business Research Company | Rolta India Limited, Leonardo S.p.A., Atos SE, Elbit Systems Ltd., Thales Group, Rheinmetall AG, BAE Systems plc

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2143

The Business Research Company offers in-depth market insights through Battlefield Management System Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The battlefield management system market size has grown strongly in recent years. It will grow from $15.37 billion in 2023 to $16.88 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to military modernization, rise in threat landscape, rise in military budgets, economic growth.

The battlefield management system market size is expected to see strong growth in the next few years. It will grow to $23.68 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to cybersecurity concerns, environmental factors, growth in defense sector, government support. Major trends in the forecast period include ai and machine learning integration, cloud-based bms, multi-domain operations, cybersecurity enhancements, energy-efficient bms.

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Market Segmentation:
The main platforms of battlefield management systems include armored vehicles, headquarters and command centers, and soldier systems. The armored vehicle market consists of sales of armored vehicles by entities (organizations, sole traders, and partnerships), that are used as platforms for battlefield management systems. The platform's goal is to aid commanders in planning and executing ground missions by allowing vehicles to transmit information in real-time. As a result, individual vehicle operators have a complete view of their surroundings and are better able to coordinate and react to any circumstance. The main types of battlefield management systems include dismounted soldier systems, commander systems, and communication network systems. The main types of components in battlefield management systems include wireless communication devices, imaging devices, computer software, tracking devices, wired communication devices, computer hardware devices, night vision devices, display devices, and identification of friends or foes. The different systems offered under battlefield management systems include computing, communication and networking, command and control, navigation, image, and mapping. The battlefield management systems are used by army, navy, and air force units.

Major Driver - Increased Military Spending Propels Growth Of Battlefield Management System Market
The growth in military spending (consisting of the army, navy, and air force) is expected to propel the growth of the battlefield management system market. A military expenditure plan, also known as a nation's defense budget, is the number of financial resources committed to the maintenance of an armed force or various defense strategies. In recent years, a rise in military spending and regional tensions among various countries has led to an increase in military spending, research and development, and procurement of advanced military equipment such as battlefield management systems. For instance, in April 2023, according to Stockholm International Peace Research Institute, a Sweden-based international organization, in 2022, the total amount spent on military spending worldwide climbed by 3.7% in real terms, hitting a record $2240 billion. Therefore, a rise in military spending drives the growth of battlefield management system market .

Competitive Landscape:
Major companies operating in the battlefield management system market include Rolta India Limited, Leonardo S.p.A., Atos SE, Elbit Systems Ltd., Thales Group, Rheinmetall AG, BAE Systems plc, Saab AB, Aselsan Elektronik Sanayi ve Ticaret A.S., L3Harris Technologies Inc., Cobham Limited, Raytheon Company ., Lockheed Martin Corporation, Northrop Grumman Corporation, RUAG Group ., Indra Sistemas S.A., General Dynamics Corporation, Collins Aerospace., Rockwell Collins Inc., Safran S.A., Cubic Corporation, Ultra Electronics Holdings PLC, Systematic A/S, Viasat Inc., L3Harris Technologies Inc., General Atomics Aeronautical Systems Inc., Kongsberg Gruppen ASA, QinetiQ Group plc

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Top Trend - Strategic Collaborations Reshape Battlefield Management System Market Landscape
Strategic collaborations between companies are a key trend gaining popularity in the battlefield management system market. Companies manufacturing battlefield management systems are undergoing partnerships and collaboration with other competing companies and government defense organizations, as well as developing new technologies and products. For instance, in December 2021, Leonardo SPA, an Italian aerospace company operating in aerospace, defense, and security, extended its partnership for 5 years with 2Excel Aviation, a UK-based aerospace services company for flight trials services. Leonardo aims to test and display how its radar and electronic warfare systems perform in flight for development works and customer demonstrations.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Battlefield Management System Market Characteristics
3. Battlefield Management System Market Trends And Strategies
4. Battlefield Management System Market - Macro Economic Scenario
5. Battlefield Management System Market Size And Growth
…..
27. Battlefield Management System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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