5G technology
Modernization of the Military Equipment Drives the Market Demand
Due to the rise in cross-border issues and terrorist activities, the government of various countries is working on strengthening their armed forces by procuring weapons, equipment, and technologies and modernizing the existing infrastructure. According to the Stockholm International Peace Research Institute (SIPRI), the total expenditure capacity increased by 0.7 percent in real terms in 2021 to reach $2113 billion. The United States is among the top spending country across the globe and invests significant amounts in procuring advanced technologies. In recent years, major international conflicts have taken place across the globe, including India-China tensions, United States-Iran tensions, the Syrian civil war, Russia-Ukraine war, amongst others. Such major conflicts make the authorities aware of the possible negative side-effects of such large-scale conflicts. They started to invest in incorporating advanced technologies in the existing system and procuring AI-enabled digital battlefield devices. The ongoing modernization of the military system is expected to increase the global battlefield market share in the forecast period.
Increased for Devices Supporting 5G technology Propels the Market Growth
The 5G technology is capable of handling more than 1 million devices in a square kilometer range which is expected to boost the demand for digital battlefield devices. Several devices, including the military devices embedded with smart sensors, can be connected using the 5G network. All kinds of autonomous systems or platforms that are used on the digital battlefield, such as unmanned aerial vehicles, work on the 5G connection through which the data is transferred in real-time. The data is interpreted and received by the systems through the network and is used by the autonomous platforms to take further action. 5G technology supports the internet of things technology and can be used to improve the customer experience significantly. 5G technology improves the functioning of digital battlefield products like autonomous systems. The use of a 5G network to enhance the performance of intelligence, surveillance, and reconnaissance (ISR) systems is expected to act as a major driver for the global digital battlefield market.
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Market Segmentation
![MIR Segment1](https://www.marketinsightsresearch.com/uploads/Segment1.jpg)
Market Players
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, and Thales Group.
Attribute
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Details
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Base Year
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2021
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Historic Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, and CAGR for 2017-2021
and 2022-2027
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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·
Offering
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Platform
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Application
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Regional scope
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North America; Asia Pacific; Europe & CIS; South America;
Middle East & Africa
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Country scope
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United States; Canada; Mexico; China, India, Japan, Thailand,
Indonesia, Australia, South Korea; Germany, France, United Kingdom, Spain,
Italy, Netherlands, Russia, Poland; Brazil, Argentina; Saudi Arabia, Iran,
Israel, UAE, Turkey
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Key companies profiled
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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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Customization scope
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