Visiongain Publishes Battlefield Management System (BMS) Market Report to 2031
25 March 2021
Visiongain has published a new report on Battlefield Management System (BMS) Market Report to 2031: Forecasts by Systems (Computing System, Navigation & Imaging System, and Communication & Networking System) by Component (Computer Hardware Devices, Computer Software, Display Devices, Imaging Devices, Night Vision Devices, Tracking Devices, Wired Communication Devices, Wireless Communication Devices, and Identification Friend or Foe (IFF)). PLUS, Profiles of Leading Battlefield Management Systems Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.
Global Battlefield Management Systems market was valued at US$ xx billion in xx and is projected to reach at a market value of US$ xx billion by 2030.
COVID-19 Impact on Battlefield Management Systems Market
The global defence industry was expected to grow at considerable rate in xx; however, due to the impact of COVID-19 pandemic, it is witnessing a major decline in the growth due to the imposition of restrictions arising across the globe. As a result, the global defence industry is expected to be adversely affected because of the global supply chain disruptions. The onset of lockdowns has its economic impact which disrupted the supply chain, stopped the production or service cycle, and affected the inventories. All of this created a state of uncertainty due to disruptions in cash flows, inventory management, wage bills and payments, among others. This is directly impacting the growth of Battlefield Management Systems (BMS) market across the globe.
Need for enhanced situational awareness
Situational awareness is vital for associating movements of the enemy and hidden evidence to take strategic decisions. Situational intelligence becomes quite crucial when it comes to handling complex operational settings. Situational awareness has become vital to guarantee the safety of personnel and to win wars. Owing to the current highly networked, digital, and data-intensive battlespace scenarios. Battlefield management systems (BMS) provides an accurate representation of the battlefield, which aids in making intelligent decisions by the soldiers as well as their commanders. The immensely useful tracking and imaging devices used in BMS allow the command control center to attain live situational awareness of the battlefield. Hence the rising demand for enhanced situational awareness is anticipated to propel the growth of the Battlefield management systems market over the forecast timeframe.
Increased Use of Battlefield Management Systems for Special Operations
The battlefield management system is an extremely high mobile tactical control and command information system. It is usually combined with sensors, weapon platforms, and decision-making tools. BMS includes several platforms such as air, land, and naval, which makes it an inevitable tool for special operations.
Increased Focus on Military Modernization
Due to ever-changing battle scenarios in several countries across the world, the demand for advanced technology weapons is increasing at a rapid rate. Several countries across the globe are investing heavily to procure advance BMS equipment and components to be ready in instances of wars.
The requirement for the amalgamation of advanced technologies such as augmented reality and virtual reality (AR/VR) are completely transforming operations on the battlefield, and are leading to growth in government investments towards soldier modernization.
Increasing Military Expenditure in Emerging Economies
The increasing defense expenditure in emerging countries such as India and China are expected to bolster the demand for BMS over the forecast years. Military forces in these countries are increasingly adopting the use of advanced technologies such as BMS to tackle any unprecedented attacks as BMS provides observer systems that enable army personnel to increase target acquisition.
Saab AB (Sweden) is one of the leading players in the battlefield management system market and operates through various business segments. It offers battlefield management systems under the electronic defense systems segment.
Some of the companies profiled in the report include Saab AB, Rockwell Collins, Inc., Harris Corporation, BAE Systems PLC, Rolta India Limited, Leonardo S.P.A., Thales Group, Raytheon Company, Elbit Systems Ltd., and General Dynamics Corporation.
• In August 2016, Saab AB received a contract worth USD 15.1 million from the Krauss-Maffei Wegmann Gmbh (Germany) for the development of vehicle electronic units utilized in Leopard 2 tank of the Swedish Army.
• In March 2016, Rockwell Collins, Inc. received a contract from the Electronics Corporation of India Ltd. to provide communications and navigation components for radios, which are indigenously developed by ECIL for the Indian Armed Forces.
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