The "Battlefield Management Systems (BMS) Market by Platform (Land, Airborne, and Naval), by Application (Commander Systems, Dismounted Soldier Systems, Tracked and Armored Vehicles, Communication Network Systems and BMS Software) - Forecast & Analysis 2014 - 2019" is estimated to be $12.6 billion by 2019. This report provides an in-depth analysis of drivers, challenges, and, restraints impacting the BMS industry.
Browse more than 62 market data tables with 23 figures spread through 150 pages and in-depth TOC on "Battlefield Management Systems Market”.
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The report tracks, analyzes, and lays out the market size of the major defense spenders in each region and provides the BMS market size on the basis of platforms viz. land-based, naval, and air-borne. It also analyzes the market size by application namely, commander system, dismounted soldier system, tracked and armored vehicles, communication networked equipment, and BMS software.
Battle management system is a rules-based expert system providing commanders with a more comprehensive view of the battlefield in terms of situational awareness, target analysis, and automated recommendations for target engagement. The global battle management market is estimated to be $10.36 billion in 2014, and is expected to register a CAGR of 4.0% to reach $12.6 billion by 2019.
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Companies such as General Dynamics, Northrop Grumman Corporation, Saab AB, and Lockheed Martin are the prime manufacturers of BMS. Apart from a general overview of the Battlefield Management systems manufacturers; the report also provides details on their financial positions, product portfolio, key developments, and their SWOT analysis. BMS implements BFT (Blue Force Tracking) technology to track down the individual soldiers and IFF (Identification of friend or foe) technology to minimize friendly fire during combat. BMS manufacturers always tend to make the systems NATO compliant to be fully interoperable during any joint combat.
BMS will be a priority to come up in a few developing countries of the world while, the developed nations will focus more into the maintenance and the up gradation of these systems. Efficient battlefield management systems keep soldiers safe with real-time tactical information, and will play a key role in combating asymmetric warfare.
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The market has numerous competitors who often engage in multinational joint ventures to win major contracts for new BMS innovations. A typical example would be a multinational joint venture between MBDA Italia, MBDA Deutschland GmbH, and Lockheed Martin for the MEADS program.
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