This market research report presents a detailed segmentation of the battlefield management systems market by type of system (communication network systems, dismounted soldier tracking, tracked and armored vehicles, and commander systems and BMS software) and by geography (the Americas, EMEA, and APAC). The key vendors analyzed in this market research are Harris, Lockheed Martin, Northrop Grumman, Rockwell Collins, and Thales Group
Technavio’s market research analysts estimate the global battlefield management systems market to grow at a CAGR of around 4% between 2016 and 2020. This growing need to strengthen the battlefield capabilities of countries has led to adoption of new and modernized systems and technologies. The Americas is the largest market for battlefield management systems, accounting for 44% of the total market share. Much of this region’s growth can be attributed to the recent increase in the funding for maritime programs. This increase in funding is expected to result in the upgradation of vehicles with battlefield management systems.
The new market research report from Technavio provides a breakdown and analysis of the battlefield management systems segments by technology.
The military troops are increasingly shifting towards the application of command, control, battle management, and communications (C2BMC), owing to the rise on terrorism activities worldwide. C2BMC improves the performance of the battlefield systems by integrating ballistic missile defense system (BMDS) assets throughout the battlespace. Also, it protects vehicles form various ballistic missile threats,” says Sriram Mohan, Industry Manager, Aerospace & Defense, Technavio Research
Potential Deliveries of C2BMC
Source: Technavio, 2015
The augmented need to modernize military vehicles is the key driver for the growth of this market. The upgradation of military vehicles offers advantages like easy navigation, improved surveillance performance, enhanced communication between vehicles, and better implementation of advanced weapon systems. These benefits help ground forces to increase the chances of survival in a battlefield and also increases their situational awareness.
The key players in the global battlefield management systems market are Harris, Lockheed Martin, Northrop Grumman, Rockwell Collins, and Thales Group. This market is extremely competitive due to the presence of prominent vendors like Lockheed Martin and Harris. The competitive environment in this market is anticipated to intensify with an increase in R&D innovations and M&A in the coming years. For instance, Lockheed Martin has launched its C2BMC system that enhances the performance of the systems by integrating and coordinating ballistic missile defense system (BMDS) assets throughout the battlespace.
A more detailed analysis is available in the Technavio report, Global Battlefield Management Systems Market 2016-2020.
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