According to the new research report published by The Insight Partners, titled “battlefield management systems Market - Global Analysis and Forecast to 2027”, the global battlefield management systems market is expected to reach US$ 26.24 Bn by 2027, registering a CAGR of 6.4% during the forecast period 2019-2027.

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Key findings of the study:

With the growing technological advancement, military sector across the globe are aiming to improve their land, airborne, and naval capabilities. The rising cross border activities and unavoidable situation across the borders demand advanced technical systems. Artificial intelligence (AI), when integrated with the weapons, drones, and other products is playing a major role in military sector. AI research is ongoing in the fields of intelligence collection and analysis, command and control, and in a variety of vehicles, and it has been incorporated into military operations in Syria and Iraq. China is betting on AI to optimize its defense capabilities and is predicted to become the world leader in AI field by 2030. Currently, they are focused on using AI to make well-informed and faster decisions and on building variety of autonomous military vehicles. Russia is also active in the development of AI for the military sector, with a significant focus on robotics.

The US Department of Defense is carrying out multiple tasks directed by DoD guidance and the FY2019 National Defense Authorization Act (NDAA), such as forming a Joint Artificial Intelligence Center (JAIC), which would manage the efforts of the department to develop and evolve AI technologies into the operational use of military systems. Such initiatives would propel the battlefield management system market growth during the forecast period.

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The global battlefield management system market is segmented into component, system, application, and geography. Based on component, the battlefield management system market is segmented as wireless communication devices, imaging devices, display devices, computer software, and tracking devices. Based on system, the battlefield management system market is segmented as navigation & imaging system, computing system, and communication & networking system. Based on application, the battlefield management system market is segmented into vehicle, soldier, and headquarters. Geographically, the battlefield management system market is segmented into five strategic regions — North America, Europe, APAC, MEA, and SAM.

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