Global Battle Management System (BMS) Market Size By Component (Communication Devices, Computer Hardware Devices), By Platform (Computing, Communication & Networking), By End user (Army, Navy), By Geographic Scope And Forecast
Published on: 2024-08-13 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Battle Management System (BMS) Market Size By Component (Communication Devices, Computer Hardware Devices), By Platform (Computing, Communication & Networking), By End user (Army, Navy), By Geographic Scope And Forecast
Battle Management System (BMS) Market Size And Forecast
Battle Management System (BMS) Market size was valued at USD 10.53 Billion in 2024 and is projected to reach USD 14.03 Billion by 2031, growing at a CAGR of 4.03% during the forecast period 2024-2031.
A Battle Management System (BMS) is essential in contemporary combat because it helps commanders at all levels to make decisions more rapidly, more accurately and swiftly shut the sensor to the shooter loop. All armed forces and cross-service personnel will be involved in joint and integrated military actions in the future. Units and sub-units of various arms will need to work together or in subordination for these activities. Additionally, an all-arms group must be able to perform operations simultaneously and have an expedited decision-action cycle in order to successfully execute fast-moving operations. Effective command and control throughout the whole force is the key to success, thus commanders at all levels, but especially those operating at the leading edge, need relevant information to improve their ability to lead and make decisions. By facilitating the interchange, filtering, and processing of ever-increasing volumes of digital information that are now available but not integrated, information technology will operate as a force multiplier to improve the operational effectiveness of commanders and troops at all levels. The majority of armies, even those that have been deployed for operations, have situational awareness packages with a Battle Management System, a vital integration tool of many different forms.
Global Battle Management System (BMS) Market Definition
A Battlefield Management System (BMS) is designed to better command and control a military unit by integrating information processing and information collecting. These systems are intended to be included in a country’s defense activities. These technologies give tactical commanders working at battalion headquarters down to section commander levels an integrated Common Operating Picture (COP) of the battlefield so they may make quick, informed choices. A group of integrated software and hardware systems known as Battlefield Management Systems (BMS) are used by military leaders and units to manage and carry out activities on the battlefield. To improve operational effectiveness and decision-making, BMS offers real-time situational awareness, command and control capabilities, and information sharing between military units.
BMS provides a comprehensive battlefield view by integrating data from multiple sensors, reconnaissance assets, and other sources. It shows real-time data on maps and overlays, such as the locations of ally and foe forces, topography, logistical information, and intelligence reports. Situational awareness aids in decision-making for commanders. By allowing commanders to give orders, monitor the state of their forces, and follow the progress of tasks, BMS supports efficient command and control. It helps with resource allocation, activity synchronization across various units and echelons, and operation planning and coordination. BMS offers secure voice and data communication channels that enable real-time contact between commanders and soldiers to share crucial data, reports, and updates.
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Global Battle Management System (BMS) Market Overview
The market for the battle management system (BMS) has grown significantly as a result of the rising demand in the defence and security sector. Enabling complete situation awareness by effectively displaying all crucial data at any point in time is expected to boost market growth. Increased use of advanced battle management systems provides tools for effective command and control which is expected to grow the market. Battle management systems (BMS) have become the top technology for naval combat operations in the most recent market environment. As nations demand advancements for their armed forces, the amount of innovation and incursion used in combat management systems has constantly expanded throughout time. Ship self-defense capabilities must be significantly improved due to the rising anti-ship missile danger and the potential for navy combat exercises in the near-shore seaside regions. Due to these circumstances, naval ships require automated battle management systems. However, to supply vital mission systems to the end user, the battle management system needs several components. Therefore, additional naval BMS is required to improve interoperability and fleet management. However, it is projected that high expenditures related to the design or customization of BMS across a variety of naval platforms would restrain market expansion.
Increased development and maintenance cost is expected to hinder the market growth. Nevertheless, an urgent need for improved situational awareness is coming as a result of the changing operational needs for functioning in modern warfare tactics. Functional requirements for the surface combatants include accurate and speedy data transmission, sophisticated surveillance systems, integrated command and control systems, and others. During the projected period, these variables are expected to produce possibilities for market expansion.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Battle Management System (BMS) market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in global Battle Management System (BMS) Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Global Battle Management System (BMS) Market Segmentation Analysis
The Global Battle Management System (BMS) Market is Segmented on the basis of Component, Platform, End user, and Geography.
Battle Management System (BMS) Market, By Component
- Communication devices
- Computer hardware devices
- Tracking devices
- Imaging devices
- Data distribution unit
- Display devices
- Others
Based on Component, the battle management system (BMS) market is classified into communication devices, computer hardware devices, tracking devices, imaging devices, data distribution unit, display devices, and others.
Battle Management System (BMS) Market, By Platform
- Computing
- Communication & networking
- Command & control
- Navigation
- Imaging and Mapping
Based on Platform, On the basis of platform segment, the market is split into computing, communication & networking, command & control, navigation, and imaging and mapping.
Battle Management System (BMS) Market, By End-User
- Army
- Navy
- Air Force
Based on End-user, the market is segmented into army, navy, and air force. The air force sector has the largest market share and is predicted to develop significantly and dominate the worldwide market throughout the forecast period.
Battle Management System (BMS) Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Based on regional analysis, the global battle management system (BMS) market is bifurcated into North America, Asia Pacific, Europe, and the Rest of the world. North America holds the largest market share in the BMS industry owing to the rising investments in the defense sector along with the presence of major players involved in the BMS industry.
Key Players
The “Global Battle Management System (BMS) Market” research report provides vital insight with a focus on the global market. The major players in the market are Lockheed Martin Corporation, Northrop Grumman, BAE Systems, Leonardo S.P.A., Thales, Collins Aerospace, Atos SE, Saab AB, ASELSAN A.S., and Elbit Systems Ltd, amongst others.
Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Key Developments
- An integrated anti-submarine warfare defense suite (IADS) contract with the Indian Navy was obtained by aerospace and defense engineering firm Ultra Electronics in January 2022.
- The National Security Group (NSG) of Oracle was selected by the US Air Force in October 2021 to support its Advanced Battle Management System (ABMS). This system gathers enormous volumes of data from the cyber, land, sea, and space domains and shares it to enable more rapid and accurate decision-making.
- The next release of Indra and Thales’ Battlefield Management System (BMS) was finished developing, they declared in July 2021.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2021-2031 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2021-2023 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | Lockheed Martin Corporation, Northrop Grumman, BAE Systems, Leonardo S.P.A., Thales, Collins Aerospace, Atos SE, Saab AB, ASELSAN A.S., and Elbit Systems Ltd |
SEGMENTS COVERED | By Component, By Platform, By End user, and By Geography |
CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces anal