Aircraft Lighting Market worth 2.94 Billion USD by 2022 Battlefield Management Systems Market (1)

sBattlefield Management System (BMS) Market worth 17.14 Billion USD
by 2021
The report "Battlefield Management System (BMS) Market by Platform (Headquarter,
Vehicle, Soldier), System (Computing System, Navigation and Imaging System,
Communication and Networking System), Component and Region - Global Forecast to
2021", The battlefield management system market is estimated to grow from USD 13.25 Billion
in 2016 to USD 17.14 Billion by 2021, at a CAGR of 5.28% during the forecast period.
Military modernization programs, enhanced situational awareness, increasing defense budgets of
countries worldwide, border disputes, and rising tensions between Middle Eastern countries are
expected to drive the battlefield management system market during the forecast period.
Based on platform, the vehicle segment is projected to lead the battlefield management system
market during the forecast period. The use of military vehicles by defense forces is growing rapidly
across the globe. The growth of the vehicle segment can be attributed to the need for situational
awareness in battlefields, accuracy in navigation and connectivity, increase in regional conflicts,
and modernization of militaries.
On the basis of system, the navigation & imaging system segment of the battlefield management
system market is anticipated to grow at the highest CAGR during the forecast period, primarily
driven by the increasing demand for technological advancements, with respect to navigation &
imaging systems to strengthen military forces.
On the basis of component, the night vision devices segment of the battlefield management system
market is anticipated to grow at the highest CAGR during the forecast period. With the increasing
need for surveillance and security in the battleground, there will be rise in the deployment of night
vision cameras for soldiers and in defense vehicles in the future. This, in turn, is expected to
contribute to the growth of the night vision devices segment.
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