According to the new research report published by The Insight Partners, titled “battlefield management systems Market - 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.

Check for the sample here - 
https://www.theinsightpartners.com/sample/TIPRE00007381/

Miniaturization of the military components would lessen the load of dismounted soldiers

In order to survive and win wars on the battlefield, troops must carry equipment that comprises communication devices, imaging devices, display devices, tracking devices, weapons, and batteries. The harsh environment in places such as Afghanistan and Russia, where troops walk miles up into thin air of the mountains, has made it essential that the military industry should find some ways to reduce loads of the components. The extra weight decreases the amount of ammunition as well as water and food that the dismounted soldier carries.

Demand for Battlefield Management Systems Market

The global battlefield management system market is anticipated to exhibit high growth in the near future. The major factors driving the market growth include competitive economic conditions that encourage manufacturers to scale up their production cost-effectively. This leads to the rise in the demand for the implementation of BMS in the military sector. Frequent political conflicts between countries are among the factors propelling the adoption of BMS among soldiers of different countries as per international military support programs. Nevertheless, an uncertain financial condition in countries such as Mexico, Australia, South Africa, and Brazil on defense is a factor anticipated to restrain the market growth.  

 
Some of the companies competing in Battlefield Management Systems Market are 

1.       BAE SYSTEMS PLC

2.       Elbit Systems Ltd.

3.       General Dynamics Corporation

4.       Leonardo

5.       Raytheon Company

6.       Rheinmetall AG

7.       Rockwell Collins

8.       SaaB AB

9.       Thales Group

10.   L3HARRIES

APAC battlefield management systems market is anticipated to account highest CAGR during the forecast period 

APAC encompasses countries such as India, China, Japan, and Rest of APAC. The tensions between countries in various regions, such as that between the US and China, is a major factor boosting military spending by governments. China, India, Japan, South Korea, and Australia are among the top five military spenders in the world. The spending by China alone accounted for 49% of total spending on the defense sector in APAC in 2018. Apart from these mentioned countries, Afghanistan is also focused on increasing its military spending. For instance, in 2017, military expenditure in Afghanistan had dropped by 26%; however, in 2018, it was increased by 6.7% to US$ 198 Mn.

ABOUT US:

The Insight Partners is a one stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact US:

If you have any queries about this report or would like further information, please contact us:

North America:          +1 646 491 9876
Asia-Pacific:               +91 20 6727 8686
Email:                         sales@theinsightpartners.com