Battlefield Management System Market to Grow at a CAGR of 5.28% - Exclusive Report by MarketsandMarkets™

CHICAGO, June 5, 2019 /PRNewswire/ -- According to the new market research report "Battlefield Management System Market by Platform (Headquarter, Vehicle, Soldier), System (Computing, Navigation & Imaging, Communication & Networking), Component (Hardware, Software, and Display Devices), and Region - Global Forecast to 2021", published by MarketsandMarkets™, the Battlefield Management System Market is projected to grow from $13.25 billion USD in 2016 to $18 billion USD by 2021, at a CAGR of 5.28% from 2016 to 2021.

Ask for PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=165590884

Military modernization programs, enhanced situational awareness, increasing defense budgets of countries worldwide, border disputes, and rising tensions between Middle Eastern countries are expected to drive the battlefield management system market during the forecast period.

"The vehicle segment is projected to lead the battlefield management system market during the forecast period"

Based on platform, the vehicle segment is projected to lead the battlefield management system market during the forecast period. The use of military vehicles by defense forces is growing rapidly across the globe. The growth of the vehicle segment can be attributed to the need for situational awareness in battlefields, accuracy in navigation and connectivity, increase in regional conflicts, and modernization of militaries.

Military vehicles act as mobile information systems, wherein the information is collected from military headquarters and data is shared with soldiers on the battlefield. The increasing use of military vehicles such as main battle tank, light protected vehicles, amphibious armored vehicles, mine-resistant ambush protected vehicles, and armored personnel carriers by defense forces is growing at a rapid pace across the globe.

"The navigation & imaging system segment is estimated to grow at the highest CAGR during the forecast period"

On the basis of system, the navigation & imaging system segment of the battlefield management system market is anticipated to grow at the highest CAGR during the forecast period, primarily driven by the increasing demand for technological advancements, with respect to navigation & imaging systems to strengthen military forces.

Growth of the navigation & imaging system segment is also driven by increasing investments in military modernization programs to enhance situational awareness and the high demand for surveillance products, especially for military surveillance application  are also contributing to the growth of this segment.

"The night vision devices segment is estimated to grow at the highest CAGR during the forecast period"

On the basis of component, the night vision devices segment of the battlefield management system market is anticipated to grow at the highest CAGR during the forecast period. With the increasing need for surveillance and security in the battleground, there will be rise in the deployment of night vision cameras for soldiers and in defense vehicles in the future. This, in turn, is expected to contribute to the growth of the night vision devices segment.

"The North America market is projected to lead the battlefield management system market during the forecast period"

North America led the battlefield management system market in 2016. The North America battlefield management system market has been studied for the U.S. and Canada. Significant investments in research and development of battlefield management systems for armies and special operations, increasing demand for advanced communication systems to replace legacy equipment in the warzone, and demand for blue force tracking are some of the factors that are expected to drive the battlefield management system market in the region. The U.S. is expected to contribute majorly to the growth of the battlefield management system market in North America. This growth can be attributed to the ongoing technological advancements in the country.

Browse in-depth TOC on "Battlefield Management System Market"

82 – Tables
65 – Figures
196 – Pages

Request Sample pages of the Report:

https://www.marketsandmarkets.com/requestsampleNew.asp?id=165590884

Major players in the battlefield management system market are Raytheon Company (U.S.), BAE Systems plc (U.K.), Rockwell Collins, Inc. (U.S.), Thales Group (France), Harris Corporation (U.S.), Leonardo S.p.A. (Italy), General Dynamics Corporation (U.S.), and SAAB AB (Sweden), among others.

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/battlefield-management-systems-market.asp    

Visit Our Web Site: https://www.marketsandmarkets.com

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg