Market Research Report
Battlefield Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025
|Published by||IMARC Services Private Limited||Product code||945300|
|Published||Content info||106 Pages
Delivery time: 2-3 business days
|Battlefield Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025|
|Published: June 18, 2020||Content info: 106 Pages||
The global battlefield management market grew at a CAGR of around 5% during 2014-2019. A battlefield management system refers to a portable control and command information system that is primarily used by military units. It collects and processes information related to warzones. It consists of various computing, navigation, imaging and communication systems, along with sensors, hand-held or wearable devices and weapon platforms to enhance the decision-making skills of the troops through collaborative planning. It also provides a real-time and comprehensive view of the battlefield with target analysis, automated recommendations and awareness of the environment. Apart from this, the system aids in improving surveillance, co-ordination, operational tempo and logistics management.
The growing need for military modernization, along with the increasing demand for enhanced situational awareness, is one of the key factors driving the growth of the market. Advanced battlefield management systems employed in military vehicles offer improved navigation, surveillance, communications and efficiency of weapons. This aids in increasing the chances of survival of troops on the battlefield. Furthermore, enhanced situational awareness assists soldiers in keeping track of fellowmen and aids in administering strategic actions. They are also configured with the region's topography and specifications to anticipate operational requirements and ensure tactical efficiency. Additionally, the growing need to secure data stored in data centers and other servers is leading to the widespread adoption of these systems across the globe. Various network security measures and firewalls are employed to counter hackers and cyber threats. Other factors, including favorable government policies to improve the defense infrastructure and enhanced focus on research and development (R&D), are projected to drive the market further. Looking forward, IMARC Group expects the market to continue its moderate growth during the next five years.