Global Land Battle Management System Growth Opportunities

The Global Land Battle Management System Market is expected to grow at a CAGR of 4.8% to reach a Market Size of US$ 21.70 Billion in 2027 from a value of US$ 15.57 Billion. The Market offers lucrative opportunities for the key players as a result of the focus of the developed economies on the upgradation and modernization of their defence facilities and the impact of advanced technologies in the momentum towards innovating military technologies.

Definition / Scope
Market Overview
Market Risks
Top Market Opportunities
Market Drivers
Market Restraints
Industry Challenges
Technology Trends
Regulatory Trends
Post COVID-19 Recovery
Market Size and Forecast
Market Outlook
Technology Roadmap
Competitive Landscape
Competitive Factors
Key Market Players
Strategic Conclusion
References
Further reading
Appendix

Definition / Scope

A Land Battle management system is a mobile command and control and information system primarily used by military units. It collects and analyses data from conflict zones. It consists of a variety of computing, navigation, imaging, and communication systems, as well as sensors, hand-held or wearable devices, and weapon platforms, all of which are designed to improve the troops’ decision-making abilities through collaborative planning. It also provides a comprehensive and real-time view of the battlefield, including target analysis, automated recommendations, and environmental awareness. In addition, the system helps with surveillance, coordination, operational tempo, and logistics management.

The Global Land Battle Management System market is divided into four categories based on application Navigation System, Communication and Networking Systems, command and control, Weapon Systems.

Based on the Solution this market is segmented into products and services.

On the basis of Region, the Global Land Battle Management System Market is segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.

Market Overview

The global Battlefield Management Systems Market was valued at USD 15.57 billion in 2020 and is expected to grow at a CAGR of 4.8 percent to USD 21.62 billion by 2027.

The market is largely driven by factors such as the growing need for instant command to make decisions in a timely manner while on the frontier or on the battlefield based on acquired information reported, gathering a common operating picture (COP) of military operations, and transferring or exchanging them to the desired locations with a high level of encryption. Because of its higher capabilities of information dominance, battlefield awareness, and decision advantages, most of the leading defense powers and intelligence bodies have made next-generation machineries and information technology pertaining to surveillance & reconnaissance, cyber security & data warfare a requirement for most of the leading defense powers and intelligence bodies.

The BMS assists soldiers in completing missions by presenting command and control (C2) information for various plan overlays, enemy troops, own troops, and terrain elements. BMS consists of highly modern hardware components and upgraded software in order to deliver such data. A computer and a touch screen are the primary components of battlefield management systems. In order to enter textual information into the BMS, a keyboard is also included. To collect information about the current location, BMS stations are connected to a global positioning system receiver. In order to improve performance, sensors such as a laser range finder can be used.

The ability to interpret intelligence data into information that can be used in the battle zone is the most important factor in the success of any military action. In this example, BMS facilitates review, real-time situational awareness, and planning, as well as executive action implementation and commands. It supplies the battlefield with reliable data, virtual reconnaissance, flexible communications, and dynamic situational awareness. It also boosts operational efficiency, intelligence surveillance, coordination, navigation, logistics management, and warnings.

Some of the factors driving the growth of the BMS market include the growing requirement to prevent friendly fire, increase military personnel efficiency, and ensure the security of military soldiers around the world. However, interoperability, training, functionality, man-machine interface, data communication, and training are all obstacles in the development of battlefield management systems.

Market Risks

Volatility in geopolitical and economic environment

As most A&D firms have a global presence, the geopolitical and economic conditions in their core markets have a considerable impact on their operational and financial performance.

Terrorist activity is on the rise across the globe, particularly in the Middle East, Africa, and Asia. In the Middle East and North Africa, unpredictable geopolitical situations are contributing to higher danger levels, instability, and border ambiguity, as well as increased migration and risks to persons and assets.

Countries are increasing defense and homeland security spending, with a focus on intelligence, detection, and monitoring, as a result of the continued need to monitor and secure borders. A slowdown in any of the important markets for A&D companies, on the other hand, might result in tighter credit markets, poor liquidity, and significant volatility in credit, currency, commodity, and equity markets.

Compliance with a wide range of regulations and restriction

Because A&D businesses’ clientele include government and defense agencies, they must operate in a highly regulated environment. As a result, A&D firms are subjected to increased scrutiny in terms of bribery and corruption.

Changes in accounting and revenue recognition regulations can pose a risk to A&D players. For contracts that don’t qualify for revenue recognition over time, A&D players would have to recognize revenue at a single moment in time under Accounting Standards Codification Topic 606.

Fragmented Market

The Battlefield Management Systems Market is largely fragmented, with a number of conglomerates and medium-sized and small start-up companies accounting for the majority of global market share. Lower entry barriers, a lack of economies of scale, and fierce market competition are all factors contributing to the Global Land Battle Management System industry fragmentation. Businesses with lower margins and higher costs will benefit from a fragmented market. When interacting with other countries, they also lack the benefit of size.

Top Market Opportunities

Real-time Data Collection and Distribution

Improved system reliability is a critical component in any country’s decision to use battlefield management systems. Advanced data distribution units are being used to help capture and deliver real-time situational intelligence across a variety of defense platforms, including combat vehicles and command centres. Additionally, the utilization of GPS tools to provide an overall view of the battlefield provides critical information for mission planning and control. BMS is conducting research and development to improve its overall capabilities in the area of supplying secure communication and weapon integration.

For instance, General Dynamics created a power management system for TACLANE-FLEX in March 2020, which allows for safe communication across the battlefield. The new version gives you more control over the power usage of your communication device in tactical and strategic circumstances.

Software Defined Radio (SDR) in Communication Systems

Commercial wireless network standards are constantly evolving, from 2G/3G to 4G, and now 5G-enabled systems are being used. Due to these transitions, wireless network operators confront a slew of challenges as they migrate their networks from one generation to the next. Military personnel should upgrade the traditional system whenever new standards and norms are put into the market. The incorporation of Software Defined Radio (SDR) chips in CSISR army equipment, on the other hand, may be able to solve this migration challenge, as only software upgrades will be required to transfer to the new network.

The Indian Ministry of Defense (MoD) and Bharat Electronics Limited (BEL) inked a contract for Rs 1,000 crores in February 2021 for the acquisition of Software Defined Radio Tactical Systems (SDR-Tac). It’s a ship-borne SDR system with four channels, multiple modes, and multiple bands. For network-centric operations, it will support ship-to-shore, ship-to-air, and ship-to-ship voice and data communication.

Market Drivers

Surging Frequency of Joint Operations by Global Defense Forces

The strengthening of strategic military alliances between the United States and several Asia-Pacific sovereign nations, as well as the subsequent reinforcement of military deployment and intervention, has created a complex scenario, requiring regional countries, such as China, to rapidly modernize their defense capabilities in order to protect their vested interests. USA is realigning their military plans and organizational structures in response to evolving challenges. Artificial intelligence (AI), quantum information, Big Data, cloud computing, and the Internet of Things (IoT) are among the cutting-edge technologies that have resulted in the development of long-range precision, intelligent, stealthy, or unmanned weaponry and equipment, revolutionizing traditional warfare in favor of intelligence warfare.

Several contracts for integrating advanced battlefield management systems have resulted from the modernization efforts. Saab AB was awarded a contract by Luerssen Australia in April 2018 for the Situational Awareness System (SAS) for the Royal Australian Navy’s new Offshore Patrol Vessels (OPV). The deal, which is planned to extend until 2030, includes provisions for installing SAS aboard the 12 OPV ships. During the forecast period, such advancements are expected to fuel the market’s growth potential.

Increasing demand for new battle management systems

Militaries are increasingly operating on crowded battlefields that are spreading geographically and across domains, all while being constantly monitored, necessitating quick decision-making through excellent situational awareness, intelligence collecting, and action targeting. Due to the increased congestion on the battlefield, decision-making and reaction times have slowed.

Ministries of Defense throughout the world are buying a variety of new weapons to make soldiers more lethal and less susceptible on today’s battlefields. New battle management systems (BMS) with improved situational awareness, tracking, and communication are in high demand.

Rapid adoption of unmanned vehicle systems

Ground soldier protection, observation, lethality, survivability, and command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) have all enhanced as a result of the increased usage of unmanned vehicle systems in recent years. Procurement of new solutions and investments in emerging disruptive technologies, such as Big Data analytics and artificial intelligence, are part of ongoing BMS modernization efforts. The increased use of unmanned systems is driving development towards secure line-of-sight and beyond line-of-sight communication networks, which incorporate sophisticated security measures to improve anti-jamming and interception capabilities.

Active self-healing networks, in which a node can drop out of the network at any time without effecting performance, are projected to be used in more applications. As the amount of sensor data grows, so does the required throughput.

Rising military expenditure signals positive for BMS growth

The need for advanced technology weaponry is growing as a result of unstable conflict scenarios in many countries throughout the world, which reflects government military spending in both developed and developing countries. Different governments are actively spending in the procurement of BMS components in order to operate effectively during combat. The need for sophisticated technologies such as augmented reality and virtual reality (AR/VR) to be integrated into combat operations is transforming battlefield operations and leveraging on government investments in soldier upgrading.

According to the Stockholm International Peace Research Institute (SIPRI), worldwide military spending climbed by 2.6 percent to US$ 1.82 trillion in 2018. The United States topped the list of military spending in 2018, investing $649 billion. The US Department of Defense’s changes to new projects and programme are mostly responsible for the huge investment (US DoD).

Market Restraints

High development and maintenance costs

In today’s conflict, a battle management system is critical. However, the development and integration of these systems into any nation’s defensive capabilities will come at a significant cost. BMS is a multi-domain platform that combines numerous defence systems, command and control systems, and intelligence, surveillance, and reconnaissance systems. The cost of developing, installing, and maintaining these systems is high. As a result, the cost and time necessary for the development and deployment of BMS systems is a major stumbling block to the market’s growth.

For instance, in 2019, US Navy provided a contract to General Dynamics worth USD 731.8 million to provide secured voice and data communication for armed forces across all platforms.

Cybersecurity Issues

Because of its nature, aerospace and military is a heavily regulated business dominated by multinational corporations and subject to government monitoring. It has a diverse range of ecosystems. IT and operational technologies are tightly integrated in production (OT). Embedded systems have very rigorous development methods. As is often the case, modern technologies are altering the game. Because of its rising exposure to non-A&D, OT-based technologies, the A&D industry is increasingly dealing with basic cyber security challenges.

The emergence of sophisticated cyber-attacks on the BMS systems from worms and viruses to enhanced techniques such as zero-day attack, Dynamic Trojan Horse Network (DTHN) Internet worm, and Stealth Bot can pose as a serious threat for the national security and can acts as a detrimental factor for the growth of the Land Battle Management System.

Industry Challenges

Obsolete communication technology infrastructure

Battlefield management systems take data from portable sensors, electro-optic sensors, and radars, among other sources. The volume and size of data created by these sources is tremendous, posing considerable transmission and storage issues. The transmission and distribution of such a large amount of data has an impact on real-time processing speeds and may cause damage to the decision-making process, jeopardizing the military’s ability to carry out missions.

To improve real-time communication, a sophisticated communication technology infrastructure based on big data and efficient data centres is necessary. Such infrastructure necessitates a significant investment, which is a significant issue for the battlefield management sector.

Depreciated expenditure and uncertain financial condition

According to Reogma Market Insights, the top 15 countries account for 84% of the total global Defense Budget, while the remaining 16% of the global defense budget is contributed by the other 180 countries which are focusing on developing their defense infrastructure but are still significantly lagging their developed counterparts and is primarily due to the factor that majority of these countries are not war-torn and are classified as the Armed Neutrals (the states that makes no alliance with either side in a war)

Also these countries tend to fund their economic growth and hence the investments coming into the Land Battle Management System is mainly flowing from the top 15 countries and can be limited hence affecting the growth of the Global Land Battle Management System Market.

Technology Trends

IoMT

The Internet of Things (IoT), also known as the Internet of Military Things (IoMT), is a network of sensors, wearables, and devices that use cloud networks and edge computing to calculate data storage closer to the point of use and improve response times, resulting in a more effective and informed fighting force. Future troops will be able to spot potential dangers and monitor physical and mental metrics, transforming them into systems or hubs. The IoMT emphasises the term “connected soldier” by utilising capabilities that allow him or her to link to a variety of platforms, including ships, planes, tanks, and unmanned vehicles.

Artificial intelligence (AI)

AI will unavoidably be at the forefront of future army modernization, by developing more precise algorithms that allow a computing device to learn as it analyses data, such as facial recognition, which might be used to distinguish civilians from potential enemies. AI will play a critical role in command and control (C2) operations like as firing orders and Manned-Unmanned Teaming as robotic unmanned ground vehicles (UGVs) become more common (MUM-T).

Regulatory Trends

Regulation in the USA

The Defense Production Act is the principal source of presidential authority for accelerating and expanding the supply of products and services from the United States’ industrial base that are required to support national defense. Emergency preparedness activities conducted under title VI of the Stafford Act, the protection or restoration of critical infrastructure, and efforts to prevent, reduce vulnerability to, minimize damage from, and recover from acts of terrorism within the United States are all supported by DPA authorities. Authorities granted under the DPA can be used to:

Require acceptance and preferential performance of contracts and orders under DPA. (Federal Priorities and Allocations System (FPAS).)

Provide financial incentives and assistance for U.S. industry to expand productive capacity and supply needed for national defense purposes;

Provide antitrust protection for businesses to cooperate in planning and operations for national defense purposes, including homeland security.

Regulation in the Europe

The European Defense Action Plan (EDAP) was unveiled by the European Union on November 30, 2016.The concept offers a European Defense Fund as well as other initiatives to assist Member States (MS) achieve more effective cooperative defense spending. The EDAP, which was announced in the 2016 Commission work programme, builds on the July 2013 statement “Towards a more competitive and efficient defense and security sector,” as well as the December 2013 European Council conclusions.

The Commission published a Communication on the Launch of the European Defense Fund on June 7, 2017. The Fund is divided into two sections:

Research: €90 million will be spent on research through the end of 2019, with €25 million set aside for 2017; and €500 million every year beyond 2020.

Development and acquisition: The EU will provide co-financing in the amount of €500 million for 2019 and 2020 under a specific defense and industrial development programme, and €1 billion per year after 2020.

Regulation in China

Defense-related activities are overseen by the state as a whole. Defense research and production are under the supervision of the state, which has a cohesive leadership and a well-planned strategy. Defense research and production, as well as defense expenditure and assets, are all managed by the State Council.

The CMC approves the armed forces’ military equipment system as well as military equipment development plans and programme, as well as leading and administering defense research and production in collaboration with the State Council and jointly managing defense outlays and assets.

To ensure the acquisition of weapons and other war materials, the state uses a state military supplies order system. For defense spending, the state uses a financial allocation method. It determines the size, structure, and location of defense assets, as well as their adjustment and disposal, in accordance with national defense and economic development requirements.

Regulation in India

The current ‘Defense Production and Export Promotion Policy (DPEPP) 2020′ is positioned as the Ministry of Defense’s overall guiding document, with the goal of providing a focused, systematic, and considerable boost to the country’s defense production capabilities for self-reliance and exports.

According to the DPEPP 2020, To attain a turnover of Rs 1.75 trillion ($25 billion) by 2025, including exports of Rs 35,000 crore ($5 billion) in aerospace and defense goods and services

The Focus areas of the DPEPP 2020 include

Procurement Reforms
Indigenization & Support to MSMEs/Startups
Optimize Resource Allocation
Investment Promotion, FDI & Ease of Doing Business
Innovation and R&D
DPSUs and OFB
Quality Assurance & Testing Infrastructure
Export Promotion

Post COVID-19 Recovery

Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Thales Group (France), Collins Aerospace (US), Leonardo SPA (Italy), BAE Systems (UK), Atos SE (France), Saab AB (Sweden), Aselsan (Turkey), Elbit Systems (Israel), and L3Harris Technologies (US) are among the major players in the battlefield management systems market. These companies operate in a variety of countries, including North America, Europe, Asia Pacific, the Middle East, and the Rest of the World. COVID-19 has also had an influence on their enterprises. COVID-19, according to industry experts, could have a global impact of 5-10% on battlefield management systems by 2020.

COVID-19’s rapid spread in Europe, the United States, and Asia Pacific has resulted in a considerable reduction in overall defense budget allocations, as well as waning enthusiasm in military modernization plans around the world. Due to late deliveries, factory shutdowns, and limited availability of equipment, demand for battlefield management systems has remained stable globally, resulting in a decline in revenues for various battlefield management system providers across all markets. According to industry experts, worldwide battlefield management system demand is expected to fully recover by 2022.

Market Size and Forecast

According to Reogma Market Insights, the global market rose by 2.47 percent in 2020, compared to the average year-on-year growth from 2017 to 2019. The abrupt drop in CAGR is due to this market’s demand and growth, which will recover to pre-pandemic levels after the pandemic has passed.

Market Size based on Application

The market is divided into four categories based on application Navigation System, Communication and Networking Systems, command and control, Weapon Systems. Among these, the command-and-control segment is expected to increase the most over the projected period. The increased demand for Internet of Things (lot)-based systems and modern military warfare across the globe is related to the growth. Due to escalating political conflicts and disputes, particularly among Asian countries, the electronic warfare industry is expected to increase significantly.

The Navigation System held a Market Share of 30% and generated a revenue of US$ 4.67 Billion in 2020 and is poised to grow at a CAGR of 4.2% to reach a Market Size of US$ 5.3 Billion in 2027.

The Communication and Networking Systems held a Market Share of 24% and attained a Market value of US$ 3.73 Billion in 2020 and is expected to grow at a CAGR of 5.3% to reach a Market Size of US$ 7.61 Billion in 2027.

Command and Control Systems recorded a Market valuation of US$ 5.9 Billion in 2020 and is projected to grow at a CAGR of 5.1% to reach a Market Size of US$ 8.36 Billion in 2027.

Weapon Systems generated revenues to the tune of US$ 1.24 Billion in 2020 and is expected to register a CAGR of 4.4% to reach a Market Size of US$ 1.68 Billion in 2027.

Market Size based on Solution

This market is segmented into products and services based on the solution. In 2020, the product segment had the largest Land Battle Management System market share. The increased integration of electronics in military equipment, as well as the creation of innovative items, are credited with the growth. During the period 2021-2028, the services segment will increase at a rapid pace. This increase can be attributed to the growing need for system customization and Internet of Things (lot)-based services in military operations.

The Product segment held the major market share of 65% and generated revenues to the tune of US$ 10 Billion in 2020 and is projected to grow at a CAGR of 4.6% to reach a Market value of US$ 13.7 Billion in 2027.

The Services segment is the fastest growing segment and is poised to grow at a CAGR of 5.2% to reach a Market Size of US$ 8.13 Billion from a Market Size of US$ 5.7 Billion in 2020.

Market Size based on region

The market is segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.

In 2020, North America dominated the market. The United States’ dominance in this region is owing to increased spending on Land Battle Management systems by the country.

North America held a Market Share of 48% and generated a revenue of US$ 7.47 Billion in 2020 and is poised to grow at a CAGR of 4.2% to reach a Market Size of US$ 9.96 Billion in 2027.

Europe held a Market Share of 16% and is poised to grow at a CAGR of 4.8% to reach a Market Size of US$ 3.46 Billion in 2027 from a Market Size of US$ 2.49 Billion in 2020.

Asia-Pacific is the fastest growing region which recorded a Market Size of US$ 4.04 Billion in 2020 and is projected to grow at a healthy CAGR of 5.4% to reach a Market Size of US$ 5.84 Billion in 2027.

The Middle East & Africa registered a Market Share of 6% and is poised to grow at a CAGR of 4.3% to reach a Market Size of US$ 1.25 Billion in 2027 from a valuation of US$ 934 Million in 2020.

Latin America generated revenues to the tune of US$ 623 Million in 2020 and is expected to grow at a CAGR of 4.5% to reach a Market Size of US$ 847 Million in 2027.

Market Outlook

The global Land Battle Management Market was valued at USD 15.57 billion in 2020 and is expected to grow at a CAGR of 4.8 percent to USD 21.62 billion by 2027. The global impact of COVID-19 has been unprecedented and astonishing, with positive demand shocks in Land Battle Management systems across all regions as a result of the pandemic. According to Reogma Market Insights, the global market is expected to rise by 2.47 percent in 2020, compared to an average year-on-year increase of 2.4% from 2017 to 2019. The dramatic decline in CAGR is due to the market’s demand and growth, which will return to pre-pandemic levels once the pandemic is ended.

During the forecast period, the command-and-control segment will see the most increase. The increased demand for Internet of Things (loT)-based systems and modern military warfare across the globe is related to the growth. Due to escalating political conflicts and disputes, particularly among Asian countries, the electronic warfare industry is expected to increase significantly.

In 2020, the product segment had the largest CSISR market share. The increased integration of electronics in military equipment, as well as the creation of innovative items, are credited with the growth. During the period 2021-2028, the services segment will increase at a rapid pace. This increase can be attributed to the growing need for system customization and Internet of Things (lot)-based services in military operations.

In 2020, North America led the market. The United States’ dominance in this region is owing to increased spending on ground, naval, and airborne systems by the country. Market growth would be driven by key companies such as General Dynamics Corporation, Northrop Grumman Corporation, Lockheed Martin Corporation, and L3Harris Technologies Inc.

Due to huge increases in military spending in nations such as China, India, South Korea, and others, the Asia-Pacific region is likely to develop the fastest. Market growth would be fueled by increased political tensions, cross-border challenges, and terrorism across Asia Pacific. A conflict between Taliban and the Afghanis in Afghanistan in August 2021 will exacerbate political tensions between the two countries.

Technology Roadmap

Future Military modernization systems must adapt to the battlefield, and with the constant shifting of geographical locations, having trustworthy battlefield intelligence can be problematic. Unmanned systems (ground, maritime, and aerial) are particularly useful in allowing ground personnel to conduct better ISR in real time (Intelligence, Surveillance, Reconnaissance). When compared to human systems, such sensors can operate on a wide range of platforms at a low cost.

MUM-T activities will also soon become a reality, whether to support logistics or to engage in combat operations to remove soldiers from harm’s way, as previously said. Swarms of small autonomous vehicles are also being studied as a way to overwhelm enemy defenses. Soldiers’ combat capabilities are being enhanced as such systems are increasingly replaced with digital soldier systems.

Distribution Chain Analysis

The Distribution Chain of the Global Land Battle Management System Market is as in the below image

Competitive Landscape

Due to the existence of well-known vendors such as Lockheed Martin and Harris, this sector is particularly competitive. With an increase in R&D breakthroughs and M&A in the next years, the competitive climate in this industry is expected to become more intense. Lockheed Martin, for example, has launched its C2BMC system, which improves system performance by integrating and coordinating ballistic missile defense system (BMDS) assets across the battlespace. Similarly, during the projected period, other foreign players are expected to develop similar products.

In January 2021, the China Aerospace Studies Institute (CASI) noted drastic enhancements in Beijing’s ability to perform airborne command, communications, control, computers, intelligence, surveillance, and reconnaissance (C4ISR).

In July 2020, Kratos Defense & Security Solutions, Inc. signed a contract worth USD 30 million with the U.S. Army for command, control, communication, computing, combat, intelligence, surveillance, and reconnaissance systems.

Competitive Factors

The competitive landscape of the industry shows that a few companies, like as BAE Systems, Thales Group, Northrop Grumman Corporation, Lockheed Martin Corporation, and others, dominate the market. The dominance of these organizations can be attributed to a wide product portfolio of innovative solutions, increasing investment in R&D, and strategic acquisitions.

For Instance, In April 2021 Booz Allen Hamilton was chosen by the US Army to create a Rainmaker solution for the Joint All Domain Command & Control (JADC2) concept. It will allow data to be shared across all military domains in the United States, including land, air, sea, space, and cyberspace.

Key Market Players

The Key Players in the Global Land Battle Management System include

Saab AB is a Swedish corporation that provides a wide range of products and services, from military defense to public security. Six business areas make up the Company’s operations. Aeronautics covers civil and military aviation technology development, such as the Gripen and Unmanned Aerial Systems. Support weapons, missiles, Remotely Operated Vehicles, and signature management systems are all part of the Dynamics product portfolio.

Raytheon Technologies Corporation, originally United Technologies Corporation, is a global aerospace and defense business that develops innovative technologies and services for commercial, military, and government customers. The operations of the company are divided into four main business segments: Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense segment.

Armament Manufacturer	Revenue (in Million US Dollars)
Saab AB	3,185.19
Raytheon Technologies Corporation	27,448
L3Harris Technologies, Inc	13,916
BAE Systems plc	21,033
Leonardo SpA	11,109
Thales SA	9,251
Elbit Systems Ltd.	4,056

L3Harris Technologies, Inc. previously Harris Corporation, is a technology business that develops and sells products, systems, and services for defense, civil government, and commercial use. It caters to both government and business customers with its products and services. It is divided into four segments: Communication Systems, Space and Intelligence Systems, Electronic Systems and Critical Networks.

BAE Systems plc is a corporation that specializes in defense, aerospace, and security. The business is divided into five segments. The Electronic Systems segment includes the Company’s electronics operations in the United States and the United Kingdom. The Cyber & Intelligence section includes the Company’s cyber, secure government, commercial, and financial security activities, as well as its Intelligence & Security business in the United States and its Applied Intelligence business in the United Kingdom. Combat vehicles, weapons, and ammunition are produced by the Platforms & Services (US) section, which has operations in the United States, the United Kingdom, and Sweden.

Rolta India Limited (Rolta) engages in the homeland and maritime security domains with a repository of solutions, Rolta Command & Control is a solution offered by the company that delivers real-time situational awareness via sensor integration, data fusion, visualisation, and response management capabilities. Enterprise Geospatial & Engineering Solutions (EGES) and System Integration & Enterprise IT Solutions are the company’s two segments (EITS).

Leonardo SpA, originally Leonardo Finmeccanica SpA, is an aerospace, defence, and security high-technology firm established in Italy. The company operates in both the domestic and foreign markets, primarily in four countries: Italy, the United Kingdom, the United States, and Poland. Helicopters, Defense and Security, Electronics, Aeronautics, Space, Defense Systems, and Other Activities are among the company’s seven major segments.

Thales SA is a technological corporation based in France. It offers a diverse set of services organised into three categories: aerospace, transportation, and defence and security. Aerospace manufactures onboard electronic equipment to improve flight safety and reliability, as well as civil and military aircraft simulators, onboard connectivity and in-flight entertainment, and onboard equipment and functions for aircraft piloting, navigation, and control, as well as space-related equipment, payloads, satellites, systems, and services.

Elbit Systems Ltd. is a global technology company that works on a variety of projects all over the world. For defense, homeland security, and commercial aviation applications, the company develops and supplies a portfolio of airborne, land, and naval systems and equipment. It installs its systems and products on new platforms and runs platform modernization activities. It also provides a variety of support services.

Strategic Conclusion

Battlefield Management Systems is likely to be a highly competitive and fragmented industry, with a number of tiny start-ups, medium enterprises, and huge conglomerates competing for market share. Increasing need for technical advancement and increased product variety promise significant opportunity for inventive enterprises during the forecasted period.

Combat opportunities would include battlefield management systems, communication systems, IT architecture, and the like, as well as the most efficient use of resources on the battlefield. This section necessitates a track record of building and implementing solutions in collaboration with the Armed Forces, the end users.

Non-combat defense prospects could include inventory management, defense logistics, e-maintenance of weapons and equipment, such as aero planes, land systems, and vehicles, as well as human resource and financial management.

References

Appendix

MSMEs – Micro, Small and Medium Enterprises
SDR – Software Defined Radio
COP – Common Operating Picture
C2 – command and control
BMS – Battlefield Management System
A&D – Aerospace & Defense
MoD – Ministry of Defense
DPEPP – Defense Production and Export Promotion Policy
EDAP – European Defense Action Plan
FPAS – Federal Priorities and Allocations System
DPA – Defense Production Act
R&D – Research & Development
FDI – Foreign Direct Investment
BMDS – Ballistic Missile Defense System
CASI – China Aerospace Studies Institute
C4ISR – command, communications, control, computers, intelligence, surveillance, and reconnaissance
JADC2 – Joint All Domain Command & Control