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.

Vancouver, BC -- (SBWire) -- 12/24/2020 --The Global Battlefield Management Systems Market is projected to reach a value of USD 21.79 billion by 2027 at a CAGR of 4.8%, according to a recent report published by Emergen Research. The next-generation machinery and information technology pertaining to surveillance, cybersecurity, and data warfare have been requisite for most leading defence powers and intelligence bodies due to its higher capabilities of battlefield awareness and decision advantages. The market is expected to remain highly competitive and fragmented during the forecast period, owing to a large number of small and medium start-ups and large conglomerates.

Key players in the market The 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.

Get Sample PDF Brochure with Impact of COVID19: https://www.emergenresearch.com/request-sample-form/300

Market Drivers

The application includes computing system, navigation & imaging system, surveillance & reconnaissance, intelligence & data warfare, communication & networking system, and others. The computing system will hold a high market share during the forecast period. The computer hardware sector is expected to witness high growth in market share, owing to its high military-grade performance and efficiency. The market is yet to adopt to Artificial Intelligence (AI), but it is projected to grow at a considerably high CAGR of 6.3% during the forecast period.

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

Make An Enquiry: https://www.emergenresearch.com/purchase-enquiry-form/300

Regional Analysis

The regional market for battlefield management systems in the Asia Pacific region is projected to witness the fastest growing CAGR of 7% during the forecast period. The region led by the countries, China, India, Japan, North Korea, and South Korea, has faced high demand for battle and defence goods due to the high allotment of the budget for defence mechanisms by these countries' governments.

 Regions Covered in the Battlefield Management Systems Market:

- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)

- North America (United States, Mexico & Canada)

- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)

- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)

- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

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

Buy Full Report at: https://www.emergenresearch.com/select-license/300
Have a Look at Related Research Insights:

Virtual Diagnostics Market Size To Be Worth USD 1,512.2 Million by 2027 Growing at a CAGR of 15.0% | Emergen Research

Anti-Aging Devices Market Size To Be Worth USD 14.22 Billion by 2027 | Emergen Research

Mobile Medical Apps Market Size Worth USD 17.61 Billion by 2027 Growing at a CAGR of 22.9% | Emergen Research

Isoflavones Market Size To Be Worth USD 45.22 Billion by 2027 Growing at a CAGR of 12.9% | Emergen Research

Farm Management Software and Services Market To Be Worth USD 3,015.5 Million by 2027 | Emergen Research

About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

Facebook | LinkdIn | Twitter | Blogs

 

Read Full Press Release@ https://www.emergenresearch.com/press-release/global-battlefield-management-systems-market