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Market Size – USD 14.86 billion in 2019, Market Growth - CAGR of 4.8%, Market Trends – Higher usage of Artificial Intelligence in defense intelligence agencies

VANCOUVER, BRITISH COLUMBIA, CANADA, November 17, 2022 /EINPresswire.com/ -- The Global Battlefield Management Systems Market is forecasted to be worth USD 21.79 billion by 2027, according to a current analysis by Emergen Research. The key factors influencing the market include increasing usage of battlefield intelligence, rising demand for cyber security in military & defense intelligence involving the data breaches from the confidential governing bodies, rising threats & tensions in asymmetric welfare, and growing investment in the defense bodies & foreign intelligence platforms, among others.

Besides, extensive emphasis on the common operating picture (COP) of the military operations, and higher capabilities of information dominance, battlefield awareness, and decision advantages of the next generation machineries & information technology pertaining to surveillance & reconnaissance, cyber security & data warfare especially, are the crucial reasons behind the enormous growth of this market.

The global market landscape of Battlefield Management Systems is expected to remain in a very competitive and highly fragmented landscape consisting of a number of both the small start-ups, medium enterprises, and large conglomerates. During the projected era, increasing demand for technological development and higher diversification in offered products ensure the enormous potential for the innovative players.

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The research has been based mainly on the synthesis, analysis, and interpretation of information gathered from specialist sources about the Battlefield Management Systems market from 2020 to 2027. The report’s section on the competition landscape offers a detailed analysis of the market shares of the top Battlefield Management Systems industry players.

Key Players Profiled in the Report are:

Boeing Company, BAE Systems, Lockheed Martin, Rockwell Collins, Elbit Systems, Northrop Grumman, Thales Group, Leonardo S.p.A., Raytheon Company, and General Dynamics, among others.

Further key findings from the report suggest

In May 2020, BAE Systems announced the completion of the accusation of the business of Airborne Tactical Radios of Raytheon Technologies Corporation. This acquisition will help deliver game-changing electronic mission and control solutions for their customers.
The Defense Intelligence is growing with the fastest CAGR of 6.3% throughout the projected period owing to its higher incorporation of intelligence protocols, including the nextgen communication, surveillance, reconnaissance, information fusion & data analytics, electronic welfare & spectrum dominance, and cyber control systems, among others.
The regions in the Asia Pacific lead by China, India, Japan, and South & North Korea are allotting a considerable budget for their defense grooming purposes. Besides, growing incidences of interpersonal stand-offs, asymmetric welfare, along with a higher economic development, enhancement in the technological industry deliberately help propel the battlefield management systems market enforcement.
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Furthermore, the report provides a comprehensive overview of the Battlefield Management Systems market along with product portfolio and market performance. The report offers key insights into market share, supply chain analysis, demand and supply ratio, import/export details, and product and consumption patterns. To gain a better understanding, the report is further segmented into sections such as product types offered by the market, application spectrum, companies, and key geographical regions where the market has established its presence.

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For the purpose of this report, Emergen Research has segmented into the global Battlefield Management Systems Market on the basis of Application, Platform, Component, Technology, and Region:

Application Outlook (Revenue: USD Billion; 2017-2027)

Computing System
Navigation & Imaging System
Communication & Networking System
Surveillance & Reconnaissance
Intelligence & Data Warfare
Combat Simulation, Training & Health Monitoring
Others
Platform Outlook (Revenue: USD Billion; 2017-2027)

Land
Airborne
Naval
Joint
Space
Component Outlook (Revenue: USD Billion; 2017-2027)

Computer Hardware Devices
Computer Software
Display Devices
Imaging Devices
Night Vision Devices
Tracking Devices
Wired Communication Devices
Wireless Communication Devices
Identification Friend or Foe (IFF)
Others
Technology Outlook (Revenue: USD Billion; 2017-2027)

Artificial Intelligence
3D Printing
Internet of Things
Wearable Devices
Others
Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Battlefield Management Systems market expected to boost the growth of the industry in the coming years.

Key Questions Answered in the Market Report

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What are the key opportunities areas in the impact market? What is their potential in short-, mid-, and long-term duration?

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