Digital Battlefield Market

Market Leader - Digital Battlefield Market

The global digital battlefield market is estimated at USD 32.9 billion in 2020 and is projected to reach USD 68.9 billion by 2025, at a CAGR of 15.9% from 2020 to 2025. The rapidly evolving dynamics of the digital battlefield market are ascribed to the varying geo-political situations in economies across North America, Europe, Asia Pacific, the Middle East & Africa, Latin America, and Africa. The rising incidence of border disputes, and terrorism in these regions also influences the demand for digital battlefield products, services and solutions. Defense organizations and governments around the world are deploying digital battlefield products with an aim to obtain enhanced surveillance and situational awareness during combat scenarios.

Major manufacturers in this market are based in North America and Europe.  BAE Systems (UK), Northrop Grumman Corporation (US), Raytheon Technologies Corporation (US), Lockheed Martin Corporation (US), Thales Group (France), L3Harris Technologies, Inc. (US), and General Dynamics (US) are among the key manufacturers that secured digital battlefield contracts in the last few years. Major focus was given to the development of new products due to the changing requirements of armed forces across the world. These players have adopted various organic and inorganic growth strategies to strengthen their position in the market. These include product launches, contracts, partnerships, collaborations, expansions, acquisitions, and new product development activities further to expand their presence in the digital battlefield market.

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Lockheed Martin Corporation (US) secures the first position in the digital battlefield market. It is one of the leading companies that provide products for defense, civil government, and cybersecurity applications. It applies artificial intelligence and machine learning to solutions in areas of predictive equipment maintenance, language classification of handwriting, and automatic target recognition. It also employs them to improve the intelligence, surveillance, and reconnaissance capabilities of the US and allied armed forces by integrating it across ISR capabilities help warfighters make decisions faster with a reduced workload. In April 2020, Lockheed Martin Corporation was awarded a contract worth over USD 519 million from the Spanish Navy to provide sensor and radar equipment using Aegis Combat System (ACS). The ACS uses a combination of computer & radar systems to detect, track, and destroy targets and missiles that will support the digital battlefield market growth.

Raytheon Technologies Corporation(US)  secures the second position in the digital battlefield market. It is one of the leading companies that provide products for defense, civil government, and cybersecurity applications. Raytheon applies artificial intelligence and machine learning to solutions in areas of predictive equipment maintenance, language classification of handwriting, and automatic target recognition. It also employs them to improve the intelligence, surveillance, and reconnaissance capabilities of the US and allied armed forces by integrating it across ISR capabilities to help warfighters make decisions faster with a reduced workload. The merger of Raytheon Company and United Technologies Corporation will create more opportunities for both companies. In March 2020, Raytheon Technologies Corporation received a contract worth USD 551 million from the US army to manufacture and provide Patriot air and missile defense systems to the Kingdom of Bahrain.

BAE Systems (UK) secures a major share in the defense and military markets. It showcases strong experience in developing next-generation technologies such as electronic warfare and artificial intelligence. Applied Intelligence Laboratories (AI Labs) is the research and technology arm of the BAE Systems’ Applied Intelligence business. BAE Systems' Autonomy R&D teams have been inventing, evolving, and implementing world-class autonomous solutions for over 25 years. Their work includes pioneering data fusion, machine learning, and dynamic planning & control technologies. These innovations provide autonomous systems the ability to assess information from multiple sources and develop situational understanding, learn about changes in the operational environment, and act accordingly by making informed decisions optimized for missions. In December 2020, BAE System was awarded a contract worth over USD 87 million by the US Navy for to performing system integration of multifunctional information distribution system low volume terminals (MIDS-LVTs). These terminals are designed to assist in transmitting voice & data over secure, jam-resistant, digital data and voice communication networks that will support the digital battlefield market growth.

Related Reports:

Digital Battlefield Market by Solution (Hardware, Software, Service) Platform (Airborne, Naval, Land, Space), Application, Technology (Artificial Intelligence, IOT, Big Data, 5G,Cloud Computing and Master Data Management), Region - Global Forecast to 2025

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Report Code
AS 7873
RI Published ON
4/12/2021
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