How Big is the US Battle Management System Market?
The US Battle Management System market is projected to grow at a CAGR of around 4.59% during the forecast period, i.e., 2023-28. The US is one of the largest military forces across the globe with the constant need for the deployment of troops, arms, machinery, and assets in different bases across the globe. The requirement of a unified command & control center for easier operations & maneuverability has accentuated the deployment of battle management systems.
Market Statistics
- Market Growth Rate (CAGR): 4.59% from 2023-2028
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US Battle Management System Market Insight:
Driver-
Growing Government Investment in Military Technologies
The US government has been heavily investing in developing advanced military equipment to enhance its technological superiority & strengthen the national defense system. This has led to the active engagement of the government in research & development (R&D) and the adoption of military technologies, including battle management systems, to handle hazardous battle circumstances. According to Govini, a Decision Science company, the US government boosted its military spending on essential technologies by roughly USD60.7 billion in 2017 to USD117.2 billion in 2021.
Furthermore, the expansion of overseas operations & the growing need for upgradation in the existing land, sea, and air-based infrastructure has enhanced the adoption of advanced technology systems like battle management systems & AI coupled with guns, drones, and other equipment for real-time battle surveillance. For instance:
- In 2023, US Main Battle Tank (MBT) M1 Abrams was tested with experimental Artificial Intelligence (AI)-driven target recognition system. This development was observed under the US Army’s Project Convergence 2022 event.
Hence, the growing investment in advanced technology by the US government has created a positive impact on the US Battle Management System market.
US Battle Management System Market Segmentation:
The report has segmented the market into the following categories:
By Platform
- Armored Vehicles
- Headquarters & Command Centers
- Soldier Systems
By Solution
- Hardware
- Software
By System Component
- Computing
- Computer Hardware Devices
- Data Distribution Units
- Communication & Networking
- Route
- Wired
- Wireless
- Software
- Command & Control Software
- Military Situational Awareness
- Security Management
- Others
- Navigation, Imaging, And Mapping
- Imaging Devices
- Display Devices
- Tracking Devices
- Night Vision Devices
- Route
By End User
- Army
- Air Force
- Navy
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Competitive Landscape:
- General Dynamics Corporation
- Harris Corporation
- Leonardo DRS
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Company
- Rheinmetall AG
- Rockwell Collins
- Systematic Group
- Thales Group.
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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Key Highlights of the Report:
- Market Performance (2023-2028)
- Strategic Recommendations
- Current, Historical and Future Market Trends
- Market Drivers and Leading Competitor
- SWOT Analysis
- Structure of the Market
- Comprehensive Mapping and Recent Advancement
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