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Key Trends Reshaping the Battlefield Management System Market: Strategic Collaborations Reshape Battlefield Management System Market Landscape Industry Transformation
Battlefield Management System Market
Battlefield Management System Market Size Growth Forecast: What to Expect by 2025?
In recent years, the battlefield management system market has experienced robust growth. The market value is projected to escalate from $16.54 billion in 2024 to $18.13 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 9.6%. The notable increase in the historical period could be ascribed to factors such as military modernization, an escalating threat landscape, increased military budgets, and economic expansion.
How Will the Battlefield Management System Market Size Evolve and Grow by 2029?
The market size of the battlefield management system is predicted to witness significant expansion in the approaching years, reaching a valuation of $24.83 billion in 2029 with an 8.2% compound annual growth rate (CAGR). This projection during the forecast period is based on factors such as cybersecurity issues, environmental influences, expansion in the defense industry, and governmental backing. Noteworthy emerging trends during this period encompass the incorporation of AI and machine learning, the use of cloud-based battlefield management systems, multi-domain operations, cybersecurity improvements, and energy-efficient battlefield management systems.
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What Drivers Are Propelling the Growth of Battlefield Management System Market Forward?
The battlefield management system market is poised for growth, propelled by the increasing military expenses that include outlays for the army, navy, and air force. A country's defense budget, which is an allocation of funds for maintaining armed forces or different defensive tactics, is also known as a military expenditure plan. In the past few years, escalating military expenses can be attributed to the regional tensions among various nations, which has triggered investment in research, development, and procurement of high-tech military apparatus such as battlefield management systems. For instance, the global military spending surged by 3.7% in real terms in 2022, reaching an unprecedented $2240 billion, as per the April 2023 report by Stockholm International Peace Research Institute, an organization based in Sweden. Consequently, this increase in military expenditure significantly propels the battlefield management system market's growth.
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Which Emerging Trends Are Transforming the Battlefield Management System Market in 2025?
The emerging trend in the battlefield management system market is the increase of strategic partnerships among companies. Companies involved in the production of battlefield management systems are not only collaborating with competitors and government defense entities, but they are also advancing their technologies and products. For example, in September 2024, Indra, a technology firm from Spain, partnered with Thales, a French multinational specializing in defense, cybersecurity, digital security, and aerospace, to upgrade their existing battlefield management system for the Spanish Army. The purpose of these improvements is to enhance processing power and efficiencies to manage higher data volumes in operational settings. Moreover, the system will be modified for tablet usage, which will enhance mobility for personnel in the field.
What Are the Key Segments in the Battlefield Management System Market?
The battlefield management system market covered in this report is segmented -
1) By Components: Wireless Communication Devices, Imaging Devices, Computer Software, Tracking Devices, Wired Communication Devices, Computer Hardware Devices, Night Vision Devices, Display Devices, Identification Friend or Foe (IFF)
2) By Type: Dismounted Soldier Systems, Commander Systems, Communication Network Systems
3) By System: Computing, Communication and Networking, Command and Control, Navigation, Imaging, and Mapping
4) By Platform: Armored Vehicles, Headquarter and Command Centers, Soldier Systems
5) By Application: Air Force, Army, Navy
Subsegments:
1) By Wireless Communication Devices: Tactical Radios, Satellite Communication (SATCOM) Systems, Mobile Ad Hoc Networks (MANETs)
2) By Imaging Devices: Thermal Imaging Devices, Electro-Optical Imaging Systems, Surveillance Cameras
3) By Computer Software: Command and Control (C2) Software, Geographic Information System (GIS) Software, Data Fusion and Analytics Software
4) By Tracking Devices: GPS Systems, Personnel Tracking Systems, Asset Tracking Systems
5) By Wired Communication Devices: Fiber Optic Communication Systems, Landline-Based Communication Networks
6) By Computer Hardware Devices: Rugged Laptops, Servers, Handheld Computing Devices
7) By Night Vision Devices: Night Vision Goggles (NVGs), Infrared Cameras, Low-Light Imaging Systems
8) By Display Devices: Heads-Up Displays (HUDs), Touchscreen Displays, Command Center Displays
9) By Identification Friend or Foe (IFF): IFF Transponders, IFF Interrogators, Secure Identification Systems
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Who Are the Key Players Shaping the Battlefield Management System Market's 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
What Geographic Markets Are Powering Growth in the Battlefield Management System Market?
North America was the largest region in the battlefield management system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the battlefield management system market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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