The Aerospace and Defense practice at MarketsandMarkets is pleased to announce its Analyst Briefing Presentation on the “Battlefield Management Systems 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” to be held on 12 Mar,2014.
BMS is a highly mobile tactical command, and control information system, integrated with sensors, weapon platforms, and decision making tools. It provides a real time situational awareness, and information exchange for unit commanders, and below to the individual soldier level to enable an optimal management of resources within the combat area.
The global BMS market is estimated to be $10.36 billion in 2014, and is expected to grow at a CAGR of 4.0% to reach $12.6 billion in 2019. The regions registering growth are the Middle-East, and Asia-Pacific. Even with defense budget cuts in the west, the BMS applications will achieve a stable growth rate.
The agenda for the briefing includes a discussion on key-growth markets, thereby marking the growth trends in the BMS market. Also, a briefing is conducted on the competitive scenario, market drivers, and restraints, geographic trends, and opportunities existing across BMS applications over various regions.
In the Asia-Pacific, India is an attractive market with high growth expected during the forecast period. The other key growth regions for this market include China, South-Korea, Japan, and Australia.
The market will see tremendous growth in the BMS applications; force modernization, and armored vehicles procurements will see a high-rise with major developments. Unconventional developments, and modifications of existing military hardware will be implemented during the forecast period with a high demand for more integrated, and consolidated systems across all platforms. Asymmetric warfare intelligent battlefield management systems are highly driving the market.
Optimal force utilization with ensured safety, and mission success in a short duration of time are becoming increasingly dependent on BMSs.
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Note: An email containing the Login Details and Time of the Analyst Briefing will be sent to you soon after your registration.