Next Generation Battlefield Technology Market Business Overview & Forecast 2027 by Top Market Participants BAE Systems, Lockheed Martin, Rockwell Collins, Elbit Systems, Northrop Grumman
Research Reports
Jan 07, 2021
Market Size – USD 16.57 billion in 2019, Market Growth – CAGR of 4.8%, Market Trends – Higher usage of Artificial Intelligence in defense intelligence agencies
The next generation battlefield technology market is set to attain a valuation of USD 24.29 billion by 2027, registering a CAGR of 4.8%. The applications of a next-generation battlefield technology are widespread in several industries including surveillance & reconnaissance, logistics & transportation, cyber security, intelligence & data warfare, explosive ordinance disposal (eod), combat simulation, training & health monitoring.
Increasing usage of battlefield intelligence, rising demand for cyber security in military & defense intelligence involving the data breaches from the confidential governing bodies, rising threats & tensions in asymmetric welfare, and growing investment in the defense bodies & foreign intelligence platforms are some of the leading factors that help propel overall the next generation battlefield technology market enforcement.
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The global market landscape of Next Generation Battlefield Technology is expected to remain in a very competitive and highly fragmented landscape consisting of a number of both the small start-ups, medium enterprises, and large conglomerates.
Market Drivers
The major driving force for the development of the next generation battlefield technology market are the increasing demand for cybersecurity in military and defense intelligence including the confidential data breaches from the government regulators, growing threats and tensions in asymmetric welfare, rising usage of battlefield intelligence, and increasing investment in foreign intelligence platforms.
Regional Analysis
According to the report, the Asia Pacific region is anticipated to dominate the next generation battlefield technology market. The rapid increase in investment for in military and defense bodies which are mostly dominated by the emerging countries, including China and India, Japan, and South & North Korea is driving the market growth throughout the forecast period. Besides, increasing incidences of asymmetric welfare, interpersonal stand-offs, along with substantial economic development and well developed technological industry help propel the market. Higher development in the information technology sector in North America is expected to fuel market growth.
Regional Scope: North America; Europe; Asia Pacific; Central & South America; MEA
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Key players in the market The Boeing Company, BAE Systems, Lockheed Martin, Rockwell Collins, Elbit Systems, Northrop Grumman, Thales Group, Leonardo S.p.A., Raytheon Company, and General Dynamics, among others.
Application Outlook (Revenue: USD Billion; 2017-2027)
Logistics & Transportation
Surveillance & Reconnaissance
Cyber Security
Explosive Ordinance Disposal (EOD)
Intelligence & Data Warfare
Combat Simulation, Training & Health Monitoring
Others
Platform Outlook (Revenue: USD Billion; 2017-2027)
Land
Airborne
Naval
Joint
Space
Component Outlook (Revenue: USD Billion; 2017-2027)
Products
Modern Weapons
Armored Fighting Vehicle
Command and Control System
Military Unmanned Ground Vehicle
Submarine
Unmanned Marine Vehicle
Ship
Unmanned Marine Vehicle
Unmanned Aerial Vehicle
Fighter Jet and Aircraft
Satellite
Space Launch Vehicle
Armored and Unmanned Ground Vehicle
Soldier Equipment
Unmanned Aerial Vehicle (UAV)
Technology Outlook (Revenue: USD Billion; 2017-2027)
Artificial Intelligence
3D Printing
Internet of Things
Wearable Devices
Others
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Next Generation Battlefield Technology Market Segmentation & Impact Analysis
4.1. Next Generation Battlefield Technology Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growing emphasize on battlefield technology upgrade
4.2.2.2. Asymmetric welfare interpersonal relationships among countries
4.2.2.3. Huge growth in the IoT devices & information technology
4.2.3. Market restraints analysis
4.2.3.1. Regulatory hurdles & higher cost associated to it
4.2.3.2. Inefficient research methodologies
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Continue…
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