Market Synopsis: Global Digital battlefield Market
The military of developed and developing nation such as China, US, India and among others are continuously upgrade their military, also upgrade the digital battlefield products to support the electronic systems and equipment. The major factors which helps to drive the global digital battlefield market includes rising investment and modernization in the defence sector, increasing cloud services for upgrading the military equipment and foreign intelligence platform.The uncertain situation due to the coronavirus may affect the trend of the global digital battlefield market in the next few years. The global digital battlefield market is expected to register steady growth during the forecast period, 2022-2030.
Impact of Covid-19 pandemic on market
COVID-19 crisis impacted manufacturers involved in various industries and obstructed the entire supply chain, from raw materials to end product delivery. Moreover, government and policymakers are mostly engaged in handling and controlling the medical crisis to meet a healthy and safe environment for the nation's population. The lack of understanding to manage economic risks and the business sector is expected to put the economic and industrial growth towards vulnerability. The report will include the impact of COVID-19 on the target market in detail.
Market Dynamics: Global Digital battlefield Market
High demand of 5G technology based devices for high-speed data transfer, also the 5G technology improves intelligence, surveillance, and reconnaissance system, as a result 5G technology helps to drive the market. In addition, rapid advancement in technologies like Big-data analytics, artificial intelligence and robotic technologies propel the global digital battlefield market over the forecast period.
Higher the maintenance cost of digital battlefield products may hinder the growth of the market. The design and development of AI-enabled battlefield devices required a large amount of capital, time and advanced technology, as a result it can limit the growth of the market during the forecast period.
The Geographical Information System and its related technologies support the observation system used by digital battlefield, to capture the real time battlespace position and prepare a comprehensive picture. The market players has an opportunities to merge innovative technology with geographical information system to make geographical information technology.
Market Segmentation: Global Digital battlefield Market
The global Digital battlefield market is segmented based on platform, technology, and regions.
The global digital battlefield market is segmented based on the platform as Land, Naval, Space, and Airborne. The space segment is subjected to grow with the significant CAGR during the forecast period as several nations to improve their defence and military equipment with innovation in battlefields.
Based on the technology, the global digital battlefield market is segmented into Artificial Intelligence, Big Data, Cloud Computing, 5G, and IOT. Among the segmented technology, the 5G segment is accepted to grow with highest CAGR through the estimated period of time, as it helps to transfer the high-speed data in short period of time. The Artificial Intelligence and Big data segment also rise over the coming years.
Regional Overview: Global Digital battlefield Market
In the region, the global Digital battlefield market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America region is dominance the global digital battlefield market as it has strong defence and economic policies, a large amount of revenue is spend on upgrading the military equipment with modernization of defence systems.
The Asia Pacific segment has been evolved as a potential market attributing to adopt the advanced technology such as AI, Big Data, and 5G network for fast data transfer promoting the demand for digital battlefield across the region.
Competitive Landscape: Global Digital battlefield Market
The key players operating in the global Digital battlefield market include Raytheon Technologies Corporation, BAE Systems, Elbit Systems Ltd., L3Harris Technologies, Inc., Thales Group, ATOS SE, Rohde & Schwarz, Israel Aerospace Industries, Leonardo, Rafael Advanced Defence Systems Ltd., General Dynamics Corporation, FLIR Systems Inc., Cobham Inc., Lockheed Martin Corporation, Northrop, Grumman Corporation, Rheinmetall AG, Saab AB, Rolta India Ltd., Airbus S.A.S., Indra, Aselsan A.S., Teleplan Globe AS, Curtiss-Wright, Rohde & Schwarz, Booz Allen Hamilton, Leidos and other players.
Investment in new product categories with a differentiated pricing strategy enables the manufactures to lure new customers and gain prominent market share in the various product category. Moreover, the industrial giants are building a strong distribution network to penetrate the potential market.
Detailed Segmentation: Global Digital battlefield Market
The base year for estimation
2022 – 2030
Revenue in USD Million & CAGR from 2022 – 2030
By Platform – Land, Naval, Space and Airborne
By Technology – Artificial Intelligence, Big Data, Cloud Computing, 5G, and IOT
North America - U.S., Canada
Europe - Germany, UK, Spain, France, Italy, Russia, Rest of Europe
Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific
Latin America - Brazil, Mexico, Argentina, Rest of Latin America
Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2028. For the purpose of this study, analyst has segmented the global Digital battlefield market report based on the capacity, application, and region.