The Global Battlefield Management Systems Market is anticipated to grow at a CAGR during the forecast period. The major factors for the growth of the market are the increasing need for precise situational awareness and the importance of the decision-making process during combat situations. These factors will fuel the growth of the global battlefield management systems market during the forecast period.
The main advantage of the battlefield management system is that it provides the capability to identify, process, and analyze critical information from various sources and help decision-makers to conclude combat. For any army to be successful the need for accurate situational awareness is important. The use of satellites, high bandwidth processing sensors, SATCOM, video management systems, and many others play important role in the battlefield.
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Some of the key players in the market include Lockheed Martin Corporation, Northrop Grumman Corporation, Thales Group, Collins Aerospace, BAE Systems, among others. For instance, In April 2020, Rheinmetall AG signed a contract with the British Armed Forces for combat ground vehicles which will be robotic and these vehicles will give precise and real-time situation updates. All these factors combined will fuel the growth of the market during the forecast period.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Component
o By Solution
o By End-User
- Competitive Landscape – Lockheed Martin Corp., Northrop Grumman Corp., Thales Group, Collins Aerospace, BAE Systems, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Battlefield Management System Market by Segments
By Component
- Communication Devices
- Imaging Devices
- Display Devices
- Tracking Devices
- Computer Hardware Devices
- Night Vision Devices
- Software
By Solution
- Hardware
- Software
By End-User
- Army
- Navy
- Air Force
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