Exponential Growth Expected for Battlefield Management Systems Market With Complete SWOT Analysis by ForecastPosted by Amrut Mahajani on February 22nd, 2023  Battlefield Management Systems Market is projected to grow from USD 9.5 billion in 2020 to USD 11.8 billion by 2025, at a CAGR of 4.3% from 2020 to 2025. Some of the factors that are expected to fuel the growth of the battlefield management systems market include the increasing focus on obtaining precise situational awareness to support the decision-making process during combat situations. 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 some of the leading players operating in the battlefield management systems market. These players offer wide range of battlefield management system solutions that focus on functions including blue force tracking, situational awareness, secure communication and overall battlefield picture among others. Various growth strategies such as contracts, acquisitions, expansions, new product launches, and partnerships & agreements are being adopted by the leading players to further expand their presence in the battlefield management systems market. Get More Information Request Sample Copy (Get Higher Priority for Corporate email ID): https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=165590884 Lockheed Martin Corporation (US) is one of the leading solutions providers in the space of battlefield management systems. The company invests a substantial amount of resources in research & development and technological advancements to offer a comprehensive solution that caters to various combat-related requirements, which are then integrated in all platforms. The company’s strength lies in the availability of technical expertise and resources that contribute to the continuous improvement of its processes and methods. Its extensive capability to invest in defense contracts and programs through acquisitions, joint ventures, and partnerships allow the company to stand uniquely apart from its competitors. In June 2020, Lockheed Martin Corporation was selected as one of the contract winners for the US Air Force to supply an advanced battle management system. The total contract is valued at USD 950 million which is distributed among 28 vendors. Situational awareness and communication systems are some of the key capabilities of Lockheed Martin’s battlefield management system. BAE Systems has been successful in acquiring and aligning complementary technological solution providers through business mergers & acquisitions. The company has achieved substantial success while integrating several technology companies with a wide range of product portfolios in the past few years. This has helped BAE Systems to streamline its operations and to build a reliable supply chain. The company invests in developing various innovative solutions and services to cater to the requirements of its customers. BAE Systems is primarily engaged in developing, selling, and supporting the provision of battlefield management system solutions. The battlefield management systems segment delivers solutions for battlefield management systems that offer mission planning and movement planning and control. In July 2020, BAE Systems acquired the Global Positioning System (GPS) business from Collins Aerospace. This acquisition is aimed at expanding the product portfolio that strengthens BAE Systems’ global position in the electronic warfare industry. The company is aiming to integrate advanced GPS into numerous applications including its battlefield management systems for effective geolocation communication purposes. In June 2019, BAE Systems secured a contract from the US Navy to modernize and maintain the C5ISR system. The company agreed to provide technical support in the areas of engineering and integration of critical communications and advanced battlefield systems. C5ISR system primarily deals in providing situational awareness, intelligence, and mission planning systems. Elbit Systems boasts a strong customer base in battlefield command and control solutions owing to its wide range of products that cater to the requirements of its customers. The company has a geographical presence in major markets, including North America, Europe, and Asia Pacific. The company strategizes to form international alliances with technology providers to enables it to widen its offerings as well as open opportunities in new markets. The company has a good geographic reach and channel through major subsidiaries, including Elbit Systems of America, LLC, Elbit Systems Electro-Optics Elop Ltd., Elbit Systems Land and C4I Ltd., Elbit Systems EW, and SIGINT – Elisra Ltd., and CYBERBIT Ltd which are across Asia Pacific, EMEA, and the Americas. In September 2019, Elbit Systems acquired Night Vision Technology business of L3 Harris Technology through its US based subsidiary. The company intends to integrate this technology into a wide range of its solutions including battlefield management systems for critical combat applications. 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