DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Battlefield Management System (BMS) Market - Global Forecast to 2021" report to their offering.
The battlefield management system market is projected to grow from USD 13.25 billion in 2016 to USD 17.14 billion by 2021, at a CAGR of 5.28% from 2016 to 2021. The need for enhanced situational awareness and the use of battlefield management systems for special operations are expected to drive the battlefield management system market.
Based on platform, the vehicle segment led the battlefield management system market in 2016. This dominance can be attributed to the modernization of military operations as well as the increasing demand for connected vehicles, need for network-centric battlefield programs, availability of small and robust electronic components, and the rising need for accuracy in navigation & control systems deployed in military land vehicles.
Based on system, the navigation & imaging system segment dominated the battlefield management system market in 2016. Increasing defense budgets of developing nations, rising insurgencies due to territorial conflicts, and the growing need for situational awareness are the key factors that are anticipated to propel the demand for battlefield management systems.
Based on component, the wireless communication devices segment dominated the battlefield management system market in 2016. This growth can be attributed to the importance of blue force tacking as well as the transformation of systems used in warfare. In the current scenario, the defense industry is undergoing major transformations, and numerous technological advancements have been undertaken by the market players to cater to the demands of defense forces. Rise in terrorism and cross-border disputes are the major factors fueling the demand for battlefield management systems.
- Aselsan A.S.
- ATOS SE
- BAE Systems PLC
- Cobham PLC
- Elbit Systems Ltd.
- Financial Highlights
- General Dynamics Corporation
- Harris Corporation
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Battlefield Management System Market, By Platform
8 Battlefield Management System Market, By System
9 Battlefield Management System Market, By Component
10 Regional Analysis
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/sz3c3p/battlefield