Categories: Market Research

Global Digital Battlefield Market Size and Forecast 2023-2032|BAE Systems PLC, Northrop Grumman Corporation, Raytheon Technologies Corporation, Lockheed Martin Corporation, Thales Group

The Digital Battlefield Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Digital Battlefield Global Market Report 2024, The digital battlefield market size has grown rapidly in recent years. It will grow from $51.3 billion in 2023 to $60.96 billion in 2024 at a compound annual growth rate (CAGR) of 18.8%. The growth in the historic period can be attributed to growth of modern warfare and security threats, communication and data sharing needs, intelligence and surveillance requirements, cybersecurity concerns, and defense budget allocations.

The digital battlefield market size is expected to see rapid growth in the next few years. It will grow to $122.16 billion in 2028 at a compound annual growth rate (CAGR) of 19.0%. The growth in the forecast period can be attributed to geopolitical tensions, multi-domain operations, enhanced cyber resilience, sensor fusion and situational awareness, and increasing military modernization programs

Major trends in the forecast period include artificial intelligence (ai) and machine learning, 5g and advanced connectivity, unmanned systems and drones, hypersonic weapons development, and adaptive defense strategies .

Increasing inclination towards cloud services in military and defense is expected to propel the growth of the digital battlefield market going forward. Cloud services are network-based virtualized resources designed to offer quick, inexpensive access to applications without requiring internal hardware or infrastructure, and they offer advantages such as a flexible and secure cloud environment, highly redundant networking, and many others. Cloud services in the military and defense are used to gather, process, and analyze intelligence resource data and provide security for battlefield intelligence. For instance, according to the United States Department of Defense (DOD), a branch of the US government responsible for the nation’s defense, in 2022 the department of defense allocated $ 798 million to the US army to spend on cloud services in the fiscal year 2022. Also, in June 2021, the total US defense information technology and cyberspace activities budget overview for the fiscal year 2022 reached $ 83,091.3 million. Therefore, an increasing inclination toward cloud services in the military and defense is driving the growth of the digital battlefield market.

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The digital battlefield market covered in this report is segmented –

1) By Solution: Hardware, Services

2) By Technology: Artificial Intelligence, 3D Printing, Internet of Things, Big Data Analytics, Robotic Process Automation, Cloud Computing and Master Data Management, Digital Twin, Other Technologies

3) By Installation: New Procurement, Upgradation

4) By Platform: Land, Naval, Airborne, Space

5) By Application: Warfare Platform, Cyber Security, Logistics and Transportation, Surveillance and Situational Awareness, Command and Control, Health Monitoring, Design and Manufacturing, Other Applications

Technological advancements have emerged as a key trend gaining popularity in the digital battlefield market. Major players operating in the digital battlefield sector are focused on implementing advanced technologies to expand their market share. For instance, in June 2022, L3Harris Technologies Inc., a US-based aerospace and defense company, launched an infrared instrument integrated with infrared space technology to capture high-resolution imagery and battlefield information from space. The benefit of the device is that it can track a target of interest continuously, along with sensitivity and target discrimination, at a lower cost. It is part of a wide-field-of-view satellite that will also help to inform future space-based missile defense missions and designs.

The digital battlefield market report table of contents includes:

1. Executive Summary

2. Digital Battlefield Market Characteristics

3. Digital Battlefield Market Trends And Strategies

4. Digital Battlefield Market – Macro Economic Scenario

5. Global Digital Battlefield Market Size and Growth

26. South America Digital Battlefield Market

27. Brazil Digital Battlefield Market

28. Middle East Digital Battlefield Market

29. Africa Digital Battlefield Market

30. Digital Battlefield Market Competitive Landscape And Company Profiles

Top Major Players: