PUBLISHER: TechSci Research | PRODUCT CODE: 1110896
PUBLISHER: TechSci Research | PRODUCT CODE: 1110896
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The global digital battlefield market is anticipated to witness growth at a significant CAGR during the forecast period, 2023-2027. Factors such as the growing adoption of military modernization programs by governments in developing countries and high-end investments by leading authorities to advance military equipment and technology are driving the global digital battlefield market growth. The United States ranks among the top spending nations in the world and makes substantial investments in the acquisition of cutting-edge technology to upgrade the defense sector. Major international conflicts have broken out in the past all over the world, including the wars in Syria, Russia, Ukraine, and the United States and Iran, among others. As the government has become aware of the potentially harmful repercussions of such large-scale conflicts, they are heavily investing in the purchase of AI-enabled digital battlefield equipment and have started the integration of cutting-edge technology into the already-existing system. Also, the expected roll-out of 5G technology and the advancements in the defense sector are expected to propel the growth of the global digital battlefield market during the forecast period.
The global digital battlefield market is segmented on the basis of offering, platform, application, regional distribution, and competitive landscape. Based on the 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, 2023-2027. Most of the weapons and equipment are modern in design and operate through the gathering, processing, and analysis of data. Data is produced on an enormous scale, and unauthorized access to private data can result in huge financial losses.
The major players operating in the global digital battlefield market 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, and Thales Group.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of the Global digital battlefield market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global digital battlefield market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in global digital battlefield market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: