US Battle Management System Market to Grow Exponentially at 4.59% CAGR: MarkNtel Advisors

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Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the US Battle Management System Market, The US Battle Management System Market is projected to grow at a CAGR of around 4.59% during the forecast period, i.e., 2023-28. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight & sustainable materials, rising demand for luxury & customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the US Battle Management System Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook & Forecasts:

  • Forecast Period: 2023-2028
  • CAGR (2023-2028): 4.59%

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US Battle Management System Market Segmentation Breakdown:

The US Battle Management System Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

By Platform

  • Armored Vehicles
  • Headquarters & Command Centers
  • Soldier Systems

The presence of a large number of Headquarters & Command centers has fueled the growth of battle management systems during the forecast period.

By Solution

  • Hardware
  • Software

Of both, the Hardware category has attained a substantial share in the US Battle Management System market in the past few years as the military has had to install new compatible systems, which require integration of sensors, displays, communication devices, etc., for various military platforms.

By System Component

  • Computing
    • Computer Hardware Devices
    • Data Distribution Units
  • Communication & Networking
    • Route
      • Wired
      • Wireless
    • Software
      • Command & Control Software
      • Military Situational Awareness
      • Security Management
      • Others
    • Navigation, Imaging, And Mapping
      • Imaging Devices
      • Display Devices
      • Tracking Devices
      • Night Vision Devices

By End User

  • Army
  • Air Force
  • Navy

The Air Force is one of the leading end-users of battle management systems trying to create a next-generation command & control (C2) system by adopting the ABMS (Advanced Battle Management Systems) Program.

MarkNtel Advisors Highlights Key Market Drivers for US Battle Management System Market:

Growing Government Investment in Military Technologies

The US government has been heavily investing in developing advanced military equipment to enhance its technological superiority & strengthen the national defense system. This has led to the active engagement of the government in research & development (R&D) and the adoption of military technologies, including battle management systems, to handle hazardous battle circumstances. According to Govini, a Decision Science company, the US government boosted its military spending on essential technologies by roughly USD60.7 billion in 2017 to USD117.2 billion in 2021.

Furthermore, the expansion of overseas operations & the growing need for upgradation in the existing land, sea, and air-based infrastructure has enhanced the adoption of advanced technology systems like battle management systems & AI coupled with guns, drones, and other equipment for real-time battle surveillance. For instance:

  • In 2023, US Main Battle Tank (MBT) M1 Abrams was tested with experimental Artificial Intelligence (AI)-driven target recognition system. This development was observed under the US Army’s Project Convergence 2022 event.

Hence, the growing investment in advanced technology by the US government has created a positive impact on the US Battle Management System market.

A Comprehensive Analysis of Leading Companies in US Battle Management System Market

  • General Dynamics Corporation
  • Harris Corporation
  • Leonardo DRS
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • Raytheon Company
  • Rheinmetall AG
  • Rockwell Collins
  • Systematic Group
  • Thales Group

Explore More About This Research Report @ https://www.marknteladvisors.com/research-library/us-battle-management-system-market.html

US Battle Management System Market Recent Developments

  • 2022: L3 Harris Technologies received an order worth USD235 million to construct a man-pack radio system for the US Army. These systems would help the army personnel to have vehicular on-the-move communication
  • 2022: The USAF received USD231 million to deploy its Advanced Battle Management System (ABMS). The deployment of ABMS would help the Air force in Joint All-Domain Command & Control (JADC2) within the Air platforms and infrastructure.

US Battle Management System Market Growth Opportunity:

Growing 5G Infrastructure Network to Push the Growth of the US Battle Management System

The US has witnessed various developments in its 5G network capability in recent years. Major telecom operators in the country, such as Mint Mobile, Nex-Tech Wireless, etc., have started providing 5G services to their users by the end of 2021. This offers a lucrative opportunity for the growth of battle management systems in the country as it would provide advancements in multiple capacities, including improved speed, connectivity, and reduced latency. The US forces have been constantly exploring ways to use the network to their advantage. In 2020, the US Air Force Warfare Center announced the award of a DoD contract to build the 5G network infrastructure & support services for its Nellis Air Force Base, Nevada, to determine how best to use the technology to provide improved connectivity between sensors & command and control nodes across the battlespace.

The Department of Defense’s concept of Joint All-Domain Command and Control (JADC2) includes efforts to connect sensors from all of the military services, including the Air Force, Army, Marine Corps, Navy, and Space Force to a single network. The Air Force's version of JADC2 is the Advanced Battle Management System (ABMS), which would run on 5G. According to the National Defense Industrial Association, 5G can improve something as simple as virtual reality training or as ambitious as system connectivity for JADC2. Thus, the establishment of a 5G network in the country would boost the capabilities of battle management systems & its market in the United States in the coming years.

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About Us –

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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