Digital Battlefield Companies

Market Leader - Digital Battlefield Market

The global digital battlefield market is estimated at USD 43.2 billion in 2022 and is projected to reach USD 154.1 billion by 2030, at a CAGR of 17.2% from 2022 to 2030. The different geopolitical circumstances in the economies of North America, Europe, Asia Pacific, the Middle East & Africa, Latin America, and Africa are responsible for the fast changing dynamics of the digital battlefield market. The need for digital battlefield goods, services, and solutions is also influenced by the increase in border disputes and terrorism in these areas. In order to improve situational awareness and surveillance during combat scenarios, governments and defense agencies all over the world are implementing digital battlefield products.

The key players in this market are primarily based in North America and Europe. Among them are Lockheed Martin Corporation (US), Raytheon Technologies Corporation (US), Northrop Grumman Corporation (US), BAE Systems (UK), Thales Group (France), L3Harris Technologies, Inc. (US), and General Dynamics (US). Due to the shifting needs of armed forces around the world, new product development received a lot of attention. To increase their market share, these businesses have used a variety of organic and inorganic growth techniques. To increase their market share in the digital battlefield, they engage in product launches, agreements, partnerships, collaborations, expansions, acquisitions, and new product development activities.

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The US company Lockheed Martin Corporation holds the top spot in the market for digital battlefields. It is one of the top businesses that offers goods for applications in cybersecurity, civil governance, and defense. It uses AI and machine learning to develop solutions for automatic target recognition,  language classification, and predictive equipment maintenance. By integrating them across ISR capabilities, it also uses them to increase the intelligence, surveillance, and reconnaissance capabilities of the US and its allies armed forces, which aids warfighters in making judgments more quickly and with less work. In March 2022, the space systems command (SSC) of United States Force (USSF) has a contract with Lockheed Martin Corporation to develop three resilient NGG satellites with improved missile warning and resiliency capbilites. To satisfy the USSF mandate to launch the first satellite by 2025, risk reduction measure will be taken.

The US company Raytheon Technologies Corporation holds the second-place spot in the market for digital battlefields. It is one of the top businesses that offers goods for applications in cybersecurity, civil governance, and defense. Raytheon uses artificial intelligence and machine learning to develop solutions in the fields of automatic target recognition, linguistic classification of handwriting, and predictive equipment maintenance. Additionally, it uses them to integrate ISR capabilities across platforms, enhancing the intelligence, surveillance, and reconnaissance capabilities of the US and its allies armed forces while reducing the workload on warfighters. There will be increased potential for both businesses as a result of the Raytheon Company and United Technologies Corporation merger. In June  2021, In accordance with a five-year, USD 495 million Contract, Raytheon Intelligence & Space, a division of Raytheon Technologies, would handle logistics and repair for all US Marine Corps ground equipment. To maintain the tactical and combat ground equipment used by the Marines, including armored vehicles, ground radars, and communications systems, the business will send more than 10,000 repaired parts annually.

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 June 2022, Lockheed Martin has awarded BAE Systems a USD 38 million contract to supply more guidance systems for the companys Long-Range Anti-Ship Missile (LRASM) program. LRASM can strike precise, high-value maritime targets at a distance while operating in hostile electromagnetic warfare conditions because to BAE Systems cutting-edge radio-frequency sensor.

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 2030

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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USA : 1-888-600-6441
[email protected]

Digital Battlefield Market Size,  Share & Growth Report
Report Code
AS 7873
RI Published ON
10/3/2022
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