Digital Battlefield Market Size & Share | Industry Report, 2021-2028

 

Digital Battlefield Market

The Digital Battlefield Market is expected to grow at a significant CAGR during the forecast period (2021-2028).

The factors driving the growth of Digital Battlefield Market includes growing adoption of cloud services in military & defense, increasing Government expenditure on the Defense sector and rising demand for devices equipped with 5G Technology. As per the report published by Observer Research Foundation (OBF), the budget allocation for the Ministry of Defense in India for the FY2022-2023, had increased by 9.8% to reach USD 70.6 billion, which is expected to boost the Digital Battlefield Market Growth in Asia-Pacific. Moreover, the increasing advancements in Artificial Intelligence and Big Data Analytics along with modernization of the armed forces, are some of the additional factors propelling the Digital Battlefield Market size. In addition, the rising application of Digital battlefield systems for real-time mapping and increasing reliance on Geographical Information System (GIS) for detecting threats, are expected to enhance the market growth in the upcoming years.

However, the growth of Digital Battlefield Market is hindered due to high maintenance and capital cost for procuring AI-enabled digital battlefield devices.

The major players operating in the market are Thales Group, L3Harris Technologies, Inc., BAE Systems, Northrop Grumman, Raytheon Technologies Corporation, Collins Aerospace, Leonardo S.p.A., Saab AB, Israel Aerospace Industries and Lockheed Martin Corporation among others.

Platform – Segment Analysis

Based on Platform, the Space segment is predicted to expand at significant CAGR overt the forecast period attributed to increased usage of Digital Battlefield systems for real-time mapping to aid communication satellite networks.

Installation – Segment Analysis

Based on Installation, the New Procurement segment is anticipated to grow at a faster CAGR during the forecast period. The installation of advanced defense systems and increasing procurement of digital battlefield products by various militaries across the globe, are some of the crucial factors responsible for the growth of the segment.

Regional – Segment Analysis

Based on region, the North American region is predicted to capture the highest market share over the forecast period attributed to heavy investments on Defense sector primarily in the United States, presence of leading players and advancements in new technologies. According to the Annual Report of Lockheed Martin, the net sales of Lockheed Martin have significantly increased from $59,812 million in 2019 to $65,398 million in 2020, which will further enhance the market growth in North America in the coming years.

Market Segmentation

Global Digital Battlefield Market by Technology

  • Artificial Intelligence
  • 3D Printing
  • Internet of Things
  • Big Data Analytics
  • Robotic Process Automation
  • Cloud Computing & Master Data Management
  • Digital Twin
  • Blockchain
  • AR and VR
  • 5G

Global Digital Battlefield Market by Platform

  • Land
    • Military Fighting Vehicles (MFVS)
    • Unmanned Ground Vehicles (UGVS)
    • Weapon Systems
    • Headquarter and Command Centers
    • Dismounted Soldier Systems
  • Naval
    • Naval Ships
    • Submarines
    • Unmanned Maritime Vehicles (UMVS)
  • Airborne
    • Combat Aircraft
    • Helicopter
    • Special Mission Aircraft
    • Unmanned Aerial Vehicles (UAVS)
  • Space
    • CubeSat
    • Satellites

Global Digital Battlefield Market by Installation

  • New Procurement
  • Upgradation

Global Digital Battlefield Market by Solution

  • Hardware
  • Software
  • Services

Global Digital Battlefield Market by Application

  • Warfare Platform
  • Cybersecurity
  • Command & Control
  • Predictive Maintenance
  • Logistics & Transportation
  • Others

Global Digital Battlefield Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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