US makes significant investments in the battlefield management systems in order to introduce cutting-edge technologies in the defence sector.
The battlefield management system market revenue by the end of 2021 was US$ 9.8 Bn. The battlefield management system market is expected to reach US$ 15.9 Bn by 2032, as it is estimated to grow at a CAGR of 4.6% for 2022-2032.
A battlefield management system (BMS) is a system that is used for gathering data and processing information for command and control in military army force units. BMS provides a common operating picture (COP) tool. Using this tool, decision-making bodies in the military can take timely decisions with the right information.
Battlefield management system market consists 20% of the global digital battlefield market.
Battlefield management system market is estimated to grow at a CAGR of 4.6% for the forecast period.
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Due to steadily changing fighting situations in a few nations across the world, the interest in trend-setting innovative weapons is expanding at a fast rate. A few nations across the world are financial planning to secure the development of BMS gear and parts to be prepared in the event of war.
Trend-setting innovations like expanded reality and computer-generated reality are totally changing procedures and are prompting development in government towards warrior modernization.
Situational Awareness to Support the Decision Making Process
Situational awareness gives the capacity to distinguish, process, and basic data from different sources. The progress of any air, maritime, or military activity relies on the precision of knowledgeable decisions. High-level knowledge, observation, and surveillance advances incorporated with order and control capacities give air, ground, and sea arrangements with constant situational mindfulness data for key independent direction. The Mission Expert battle vehicles are coordinated with the front line executives’ frameworks for exact and ongoing situational awareness.
Regional Analysis
North America was estimated to have the largest market share in 2021 with 29.6%, and South Asia and Pacific is estimated to be the fastest growing region for the battlefield management system market with a CAGR of 4.9% for the forecast period.
There are many manufacturers of BMS operating in North America, historically this region has spent massively on its defence and military infrastructure and only recently has it decided to cut down on the expenditure. The countries USA and Canada, both have presence in numerous international military tie ups and the militaries also have large manpower and artillery at their disposal due to which management of these resources becomes important.
South Asia and Pacific expenditure is estimated to grow due to government initiatives to allow private companies to manufacture hardware and software solutions for military purposes and rising border tensions in this region.
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Category wise Insights
What role does the Battlefield Management System play in Ground Forces?
Battlefield Management Systems (BMS) are essential to modern warfare, enabling commanders at all levels to make faster and better decisions based on reliable operational information provided in real time and monitored sensors can quickly close the shooter loop. Future force operations will be combined and composed of all weapons and inter-service elements. These operations require units and subunits from other armies to act subordinately or in cooperation with each other.
The key to success is effective command and control of all forces, so commanders at all levels, especially top-level, need relevant information to improve their decision-making and leadership skills. Here, the use of information technology has the power to improve the operational efficiency of commanders and forces at all levels by enabling the sharing, filtering, and processing of currently available but unintegrated digital information.
Due to the above mentioned reasons, ground forces held the highest market share of 46.5% in 2021.
How does Command HQ-based BMS support the growth of the Battlefield Management System market?
Battlefield Management Systems (BMS) provide absolute situational awareness by efficiently displaying critical data to field commanders. The system provides an integrated and common operational picture with the help of collaborative planning tools. This allows tactical commanders to make quick, informed decisions and control battlefield operations with great efficiency.
Improving system reliability is an important factor in countries’ choosing battlefield management systems. The inclusion of advanced data distribution units allows real-time situational information to be collected and distributed to various command centres. Additionally, using GPS tools to get a complete picture of the battlefield provides critical information for mission planning and control.
Due to these factors, command HQ-based BMS was estimated to hold the highest market share of 43.3% for the year 2021.
Competitive Landscape
Although this market is dominated by companies which operate in the defence industry, companies which have strong standing in providing software solutions and electronic components have also entered the battlefield management system market. The key vendors are either based in North America or Europe.
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Battlefield Management System Market by Category
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Oct 28, 2022
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