Digital Battlefield Market to be dominated by North American region through CAGR Market Report Until 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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