Digital Battlefield Market to be dominated by North American region through 2027
Growing demand for enhanced
military equipment and increased defense expenditure is expected to drive the demand
for global digital battlefield market in the forecast period, 2023-2027.
According to TechSci Research
report, “Digital Battlefield
Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, the global digital battlefield market
is anticipated to witness steady growth in the forecast period, 2023-2027. A
digital battlefield is a network of connected aerial platforms, surveillance and communication systems,
and weapon systems. The continuous upgrade and modernization of the armed
forces to meet the requirements of supporting electronic systems and equipment
are expected to drive the demand for a digital battlefield. Next-generation
digital battlefield technologies enable to efficiently accomplish military
operations, which include reconnaissance, surveillance, patrolling, and
defending operations. Integration of cloud technology with digital
battlefield devices helps to process quickly and analyzes the information and
significantly helps the defense forces to make fast decisions.
However, the high maintenance
and development cost of digital battlefield devices and concerns regarding cybersecurity threats may restrain the
growth of the global digital battlefield market in the forecast period.
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The global digital
battlefield market is segmented into offering, platform, application, regional distribution, and competitive
landscape.
Based on offering, the market
is divided into hardware, software, and services. The hardware segment is
expected to capture the highest market share in the forecast period as they are
widely used by the military forces to gather information. The integration of
advanced technologies with devices to enhance performance is expected to
bolster the demand for the hardware segment.
Based on the platform, the
market is divided into land, naval, airborne, and space. The space segment is
expected to witness the highest growth in the forecast period, 2023-2027.
Digital battlefield devices deployed in space helps to establish satellite
communication network and support real-time mapping of objects on Earth.
Based on application, the
market is divided into warfare platforms, cyber security, logistics &
transportation, surveillance & situational awareness, command &
control, communication, health monitoring, predictive maintenance, threat
monitoring, and others. The cyber security segment is expected to account for a
significant market share in the forecast period. The majority of the weapons
and equipment use present-day technologies and work by the collection,
analysis, and processing of data. Data is generated at a large scale, and
unauthorized access to confidential information can lead to huge losses.
Therefore, the digital solutions that provide enhanced cyber security solutions
are expected to fuel the market demand in the next five years.
On the basis of regional
analysis, the North American region holds the dominant market share and is
expected to maintain its dominance over the next five years. North America has
a strong defense sector and invests hefty amounts in the advancement and procurement
of advanced weapons and technologies. They are recognized as one of the key
exporters, manufacturers, and users of the digital battlefield system. The
presence of major market players in the United States, such as Northrop Grumman
Corporation, Raytheon Technologies Corporation, and Lockheed Martin
Corporation, is a positive factor for the global digital battlefield market.
Global digital battlefield
market top 10 manufacturers are:
·
Airbus
S.A.S
·
Raytheon
Technologies Corporation
·
Elbit
Systems Ltd.
·
BAE
Systems
·
General
Dynamics Corporation
·
Rheinmetall
AG
·
FLIR
Systems Inc.
·
Northrop
Grumman Corporation
·
Lockheed
Martin Corporation
·
Thales
Group
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“The growing popularity of
Geographical Information systems (GIS) for faster detection of threats is
expected to create new growth avenues for the global digital battlefield
market. It is a widely used visualization tool that offers data in graphic form
and communicates complex information between digital field devices during
combat situations. Integration with a global positioning system can provide
location and visualization information and real-time updates, which helps
defense forces to make informed decisions. Rapidly transforming digital
battlefield technologies and the growing importance of data and insights among
defense forces to decide strategies and next course of action are expected to
propel the growth of the global digital battlefield market till 2027” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Digital Battlefield
Market - Global Industry Size, Share, Trends, Opportunity, and Forecast,
2017-2027
Segmented By Offering
(Hardware, Software, Services), By Platform (Land, Naval, Airborne, Space), By
Application (Warfare Platforms, Cyber Security, Logistics & Transportation,
Surveillance & Situational Awareness, Command & Control, Communication,
Health Monitoring, Predictive Maintenance, Threat Monitoring, Others), and By
Region”, has evaluated the future growth
potential of global digital battlefield market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in global digital battlefield market.
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