(MENAFN- Ameliorate Digital Consultancy)
The digital battlefield market is expected to grow at a 14% CAGR from 2022 to 2032, from US$ 35 Bn in 2022 to US$ 129.75 Bn by 2032. AI innovations in digital battlefields in the defense sector will be key to the growth of market players over the coming years.
As per the reports, the sophisticated weaponry advancements are rapidly used by the government forces to enhance the warfare operations. Besides, the introduction of“Internet of Military Things (IoMT) in military operations is further estimated to contribute to the growth of the digital battlefield market. Increasing incidences of cyber–attacks and wars in multiple countries is the primary factor boosting the growth of digital battlefield market.
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Key Takeaways from Market Study:
The global Digital Battlefield market is set to witness considerable growth in the coming years, driven by innovative advancements and increased demand for advanced defense capabilities.
Increasing demand for secure border management, networked battlefields, sensor data fusion, and intelligence, surveillance, and reconnaissance systems is further expected to fuel the market growth.
Military and defense sectors are making significant investments for research and development of advanced digital battlefield technologies like robotics, cyber warfare and artificial intelligence.
North America and Europe are expected to have significant market share in digital battlefield due to presence of major players in the region.
Countries like India, China, Brazil, and others are rapidly increasing their defense budgets which is likely to boost the demand for digital battlefield systems during forecast period.
Key Companies Profiled:
Airbus Defense and Space
BAE Systems
General Dynamics Corporation
Northrop Grumman Corporation
Rheinmetall AG
Leonardo
Thales Group
Raytheon Company
Boeing
Denel SOC Limitedc.
Market Drivers:
Growing Demand for Cost-Effective Solutions: The global digital battlefield market is driven by the growing demand for cost-effective solutions for military operations. Advanced technology and sensors are capable of providing better situational awareness, faster decision making, and enhanced lethality, which typically come at a lower total life cycle cost than traditional weapons systems. This has driven demand for digital battlefield solutions, which integrate and interpret the vast amounts of collected data to provide better decision making capability in the battlefield.
Rising Adoption of Autonomous Systems: Autonomous systems are gaining immense popularity across different sectors due to their capability to increase productivity and minimize human error. This is especially true for military forces, where autonomous systems can significantly reduce the amount of manpower required on the battlefield. This is leading to a rise in the adoption of digital battlefield solutions, which are capable of running various autonomous systems such as unmanned combat systems, aerial drones, robots, and more.
Increasing Focus on Data Analytics: With the increasing prevalence of data in military operations, there is a rising demand for digital battlefield solutions to capture and interpret such data in a time-efficient manner. This has driven a surge in the focus on data analytics and the development of smart solutions to process and analyze data quickly. Such
Key Segments of Digital battlefield Industry Research:
By Technology
Artificial Intelligence
3D Printing
Internet of Things
Big Data Analytics
Robotic Process Automation
Cloud Computing & Master Data Management
Digital Twin
Blockchain
AR and VR
5G
By Application
Warfare Platforms
Cyber Security
Logistics & Transportation
Surveillance & Situational Awareness
Command & Control
Communication
Health Monitoring
Simulation & Training
Combat Simulation and Training
Command and Control Training
Design and Manufacturing
Predictive Maintenance
Threat Monitoring
Real-Time Fleet Management
Electronic Warfare
By Platform
Land-based Digital Battlefields
Military Fighting Vehicles
Unmanned Ground Vehicles
Weapon Systems
Headquarter and Command Centers
Dismounted Soldier Systems
Naval Digital Battlefields
Airborne Digital Battlefields
Combat Aircraft
Helicopter
Special Mission Aircraft
Unmanned Aerial Vehicles
Space Digital Battlefields
By Installation
New Procurement Digital Battlefields
Upgrades in Digital Battlefields
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Questionnaire answered in the Market outlook Report of Digital battlefield include:
What are the current trends in digital battlefield technology?
What challenges will be faced by digital battlefield technology in the near future?
What opportunities exist for businesses leveraging digital battlefield technology?
What solutions can businesses put in place to address emerging threats in the digital battlefield?
What should businesses keep in mind when introducing new digital battlefield technology to their organization?
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