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LONDON, GREATER LONDON, UNITED KINGDOM, June 5, 2025 /EINPresswire.com/ -- What Is The Projected Market Size Of The Battlefield Management System Market?
The battlefield management system global market sees incredible growth. It is projected to grow from $16.54 billion in 2024 to $18.13 billion in 2025 at a compound annual growth rate CAGR of 9.6%, an increase majorly driven by military modernization, a rise in threat landscapes, increased military budgets, and economic growth. The Business Research Company’s latest report explores these market drivers, significant trends, and provides regional insights - marking expected market sizing and forecasts through 2036.
How Is The Battlefield Management System Market Expected To Perform In The Future?
Anticipating strong growth in the next few years, the battlefield management system market is expected to reach $24.83 billion in 2029 at a CAGR of 8.2%. Driven by factors such as cybersecurity concerns, environmental factors, growth in the defense sector, and government support, the market sees promise. The forecast period anticipates major trends such as integration of AI and machine learning, cloud-based BMS, multi-domain operations, cybersecurity enhancements, and energy-efficient BMS.
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What Propels The Growth of The Battlefield Management System Market?
A significant driver for the battlefield management system market is the increase in military spending comprising the army, navy, and air force. Military expenditure plans or national defense budgets, designate the financial resources committed to the maintenance of an armed force or various defense strategies. Recently, a rise in military spending due to regional tensions among various countries has catalyzed research and development, leading to the procurement of advanced military equipment such as battlefield management systems. For instance, in April 2023, according to the Stockholm International Peace Research Institute, a Sweden-based international organization, in 2022, the total global military expenditure increased by 3.7% in real terms, hitting a record $2240 billion.
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Who Are The Key Players In The Battlefield Management System Market?
Major companies dominating the battlefield management system market include Rolta India Limited, Leonardo S.p.A., Atos SE, Elbit Systems Ltd., Thales Group, Rheinmetall AG, BAE Systems plc, Saab AB, Aselsan Elektronik Sanayi ve Ticaret A.S., L3Harris Technologies Inc., Cobham Limited, Raytheon Company ., Lockheed Martin Corporation, Northrop Grumman Corporation, RUAG Group ., Indra Sistemas S.A., General Dynamics Corporation, Collins Aerospace., Rockwell Collins Inc., Safran S.A., Cubic Corporation, Ultra Electronics Holdings PLC, Systematic A/S, Viasat Inc., L3Harris Technologies Inc., General Atomics Aeronautical Systems Inc., Kongsberg Gruppen ASA, QinetiQ Group plc.
What Are The Emerging Trends In The Battlefield Management System Market?
Strategic collaborations between companies have emerged as a key trend in the battlefield management system market. Companies are teaming up with competitor companies, government defense organizations, and investing in new technology and product development. Indra, a Spain-based technology company, and Thales, a France-based technology multinational in defense, cybersecurity, digital security, and aerospace, collaborated in September 2024 to upgrade their existing battlefield management system BMS for the Spanish Army. The upgrades focus on enhancing processing power and performance to handle larger data volumes in tactical environments and adapting the system for use on tablets for improved field mobility.
How Is The Battlefield Management System Market Segmented?
The battlefield management system market is segmented by components such as Wireless Communication Devices, Imaging Devices, Computer Software, Tracking Devices, Wired Communication Devices, Computer Hardware Devices, Night Vision Devices, Display Devices, and Identification Friend or Foe IFF. By type, it breaks down into Dismounted Soldier Systems, Commander Systems, Communication Network Systems; by systems into Computing, Communication and Networking, Command and Control, Navigation, Imaging, and Mapping; and by platform into Armored Vehicles, Headquarter and Command Centers, Soldier Systems. Applications further break down into Air Force, Army, Navy.
How Does The Battlefield Management System Market Perform Across Different Regions?
North America held the largest share in the battlefield management system market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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