Battlefield Management System (BMS) Market 2019: Global Opportunities, Emerging Technologies, Development Strategy, Growth Factors, Competitive Landscape and Potential of the Industry Till 2025

September 10 20:31 2019
Battlefield Management System (BMS) Market 2019: Global Opportunities, Emerging Technologies, Development Strategy, Growth Factors, Competitive Landscape and Potential of the Industry Till 2025

Battlefield Management System Market
Battlefield Management System Market Research Report 2019: Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Type (Commander Systems, Dismounted Soldier Systems, Communication Network Systems, and Other Systems), Application (Army, Air Force, and Navy), & Region—Forecast till 2025

The global battlefield management systems market is expected to reach USD 17943.02 million by 2025 at a CAGR of 4.94% during the forecast period of 2018 to 2025. Market Research Future (MRFR) in its report offers insights into the segmentation and drivers of market growth.

The prominent players in the global battlefield management systems market are Collins Aerospace (US), Elbit Systems Ltd (Israel), Harris Corporation (US), Leonardo SpA (Italy), Thales Group (France), Atos SE (France), BAE Systems PLC (UK), Cobham PLC (UK), General Dynamics Corporation (US), L3 Technologies Inc. (US), Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Raytheon Company (US), Rolta India Limited (India), and Saab AB (Sweden). Mergers, acquisitions, and collaborations, are the key strategies adopted by these companies to stay competitive.

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A battlefield management system (BMS) offers accurate real-time information in combat operations for effective decision-making. A BMS provides commanders with efficient decision support during mission preparation, training, and execution. It enhances situational awareness in fixed locations and inside vehicles, enabling the collaborative sharing of data, orders, and alerts on the battlefield.

Key Developments 

In February 2019, Leonardo SpA acquired Vitrociset SpA, a manufacturer of command and control systems and electronic products with an aim to strengthen its core businesses such as defense and aerospace.

In March 2018, Harris Corporation launched a two-channel handheld radio that offers enhanced battlefield communication to army personnel.

In June 2018, Thales Group partnered with Microsoft Corporation to develop a defense cloud solution that enables interconnecting BMS with digital networks.

Segmental Analysis

The global Battlefield Management System Market has also been segmented based on type and application.

Based on the type, the global battlefield management systems market has been divided into commander systems, dismounted soldier systems, communication network systems, and others. The commander systems segment is expected to dominate the market with a valuation of USD 3507.29 million in 2018 and a projected value of USD 4902.33 million by 2025.

The application segments of the global battlefield management systems market are air force, army, and navy. The army segment is expected to be the largest with a value of USD 4666.49 million in 2018; it is projected to reach USD 6705.49 million by 2025.

Regional Analysis

A geographic analysis of the global battlefield management systems market covers North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.

North America is expected to be the leading market with an estimated valuation of USD 3712.10 million in 2018. The regional market value is projected to reach USD 5160.32 million by 2025 at a 4.82% CAGR during the forecast period. The US and Canada are the country-level markets in North America. Market growth is significantly driven by the presence of major manufacturers such as Collins Aerospace, General Dynamics Corporation, Harris Corporation, and Lockheed Martin Corporation. Moreover, collaborations between market players are boosting market growth.

Europe was the second-largest market in 2018. The regional market value is estimated to be USD 3456.09 million in 2018 and is projected to reach USD 4772.24 million by 2025 at a 4.72% CAGR during the forecast period. The European market includes Germany, the UK, France, Italy, and the rest of Europe. In Europe, increased adoption of BMS by defense forces in various countries is fueling market growth. For example, in 2018, Elbit Systems provided its BMS to the UK Ministry of Defense.

Asia-Pacific is expected to be the third-largest market with a share of 25% in 2018. The market includes China, Japan, India, Australia, and the rest of Asia-Pacific. Increasing defense expenditure in emerging economies, such as China and India, is propelling the growth of the battlefield management system market in Asia-Pacific. Various initiatives undertaken by developing nations such as India to propel the local defense industry is boosting market growth. The regional battlefield management systems market is expected to reach a valuation of USD 4544.18 million by 2025 at a CAGR of 5.14% during the forecast period.

The Middle East & Africa is expected to be the fourth-largest market in 2018. The regional battlefield management systems market is expected to reach a valuation of USD 2454.14 million by 2025 at a CAGR of 5.71% during the review period. The markets include Saudi Arabia, the UAE, and the rest of the Middle East & Africa. In the region, increasing sectarian violence is propelling the adoption of BMS. The presence of prominent BMS manufacturers such as Israel Aerospace Industries Limited and Elbit Systems Ltd is also boosting market growth in the region.

The Latin American market includes Brazil and the rest of Latin America. The regional defense industry has witnessed major growth over the past decade. The Brazilian market is expected to grow at a significant rate owing to the established defense industry in the country. Furthermore, increasing territorial conflicts are expected to propel the demand for BMS in the region. The regional battlefield management systems market is expected to reach a valuation of USD 1012.12 million by 2025 at a CAGR of 4.02% during the forecast period.

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Key questions addressed by the report

  • What was the historic market size (2017)?
  • Which segmentation (Type/Application) is driving market growth?
  • What will be the growth rate from 2018 to 2024?
  • Who are the key players in this market?
  • What are the strategies adopted by the key players?

List of Tables

Table 1 Global Battlefield Management System Market, by Region, 2018–2023 
Table 2 North America: Battlefield Management System Market, by Country, 2018–2023 
Table 3 Europe: Battlefield Management System Market, by Country, 2018–2023 
Table 4 Asia-pacific: Battlefield Management System Market, by Country, 2018–2023 
Table 5 Middle East & Africa: Battlefield Management System Market, by Region, 2018–2023
Table 6 Latin America: Battlefield Management System Market, by Region, 2018–2023
Table 7 Global Battlefield Management System, Type Market, by Region, 2018–2023 
Table 8 North America: Battlefield Management System, Type Market, by Country, 2018–2023 
Table 9 Europe: Battlefield Management System, Type Market, by Country, 2018–2023 
Table 10 Asia-pacific: Battlefield Management System, Type Market, by Country, 2018–2023

Continued……..

List of Figures

Figure 1 Research Process of Mrfr
Figure 2 Top-down & Bottom-up Approaches
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Battlefield Management System Market Share, by Type, 2017 (%)
Figure 9 Global Battlefield Management System Market, by Type, 2018–2023 (Usd Million)
Figure 10 Global Battlefield Management System Market Share, by Application, 2017 (%)

Continued……

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