Press Release

Mounting Military Expenditure to Push the US Battle Management Systems Market

The US Battle Management Systems market is projected to grow at a CAGR of 4.59% in the forecast period of 2023-28, says MarkNtel Advisors in their recent research report. The growing inclination of forces to establish multi-domain battle spaces so that enemies could be identified easily with secured communication among the various platforms has accentuated the need for a unified communication system among the armed forces. The demand for a unified communication system has also been supported due to various domestic and overseas missions being conducted by the personnel in different battle environment that requires the deployment of a robust battle management system.

In addition to it, the military expenditure of the US government is also constantly growing which has assisted in the fast adoption of new technologies for communication and hardware upgradation to make the forces more efficient and compatible to fight in a joint combat operation. This is one of the prominent factors projected to increase the demand for the battle management system in the US during the forecast period, reveals MarkNtel Advisors in their research report, “The US Battle Management Systems Market Analysis, 2023."

Headquarters & Command & Control Center to Amplify the Market Growth

Based on the platform, the market is segmented as Armored Vehicle, Headquarters & Command & Control Center, and Soldier Systems. Among them, Headquarters & Command & Control Center accounted for the majority of the market share. The US government has a heavy deployment of forces in the international base stations in Africa Command, Central Command, Europe Command, Indo-Pacific Command, etc. These command centers require real-time communication tools & technologies to aid commanders in planning & executing strategic and tactical missions in real time.

To communicate within the friendly forces as well as with the other allied partner countries under North Atlantic Treaty Organization (NATO) alliance, the military is striving its efforts to adopt a unified communication sharing platform that can cater to its needs. With the growing focus on unified communication systems the US armed forces have started the adoption of battle management systems with the deployment in various command & control centers across the globe.

Hardware to Lead the US Battle Management Systems Market

Based on the solution, the market is bifurcated into Hardware & Software. Of them, Hardware systems, including cameras, sensors for navigation, night vision devices, etc., have held a prominent share in the US market. With the government’s focus on military modernization supported by the increasing defense budget, the hardware segment is expected to hold a sizeable market share during the forecast period.

In addition, numerous military assets across all domains are being considered for life upgrades, particularly airborne platforms and armored vehicles, which could be used to deploy communication systems and sensors to improve the combat readiness of US forces. With a focus on military modernization, the government has announced several new projects. For instance, in 2022, Northrop Grumman was given a contract of nearly USD24.1 million for the procurement of hardware & software for sensors & situational awareness to reduce the risk of probable air attacks.

The upgradation of the existing defense system hardware to make the forces more efficient is anticipated to generate more demand for the battle management system in the US. In turn, creating favorable market conditions for US Battle Management Systems market growth.

Key Competitors

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including L3 Harris Technologies, Leonardo DRS, Lockheed Martin Corporation, Collins Aerospace, Thales Group, Systematic Group, Northrop Grumman Corporation, Systematic Group, etc., are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends that have shaped the industry to its current form?
3. What key factors would propel and impede the industry across the region?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition shaped across various countries, followed by their comparative factorial indexing?
6. How have buying behavior, customer inclination, and expectations from product manufacturers evolved during 2018-28?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?