Global Battlefield Management Systems (BMS) Market To Reach $ 20.2 Billion By 2026
FACTS AT A GLANCE
Editing: 5; Posted: April 2021
Executive pool: 5767
Companies: 47 – Actors covered include BAE Systems PLC; Societe Generale de Dynamique; Harris Corporation; Leonardo SpA; Raytheon Company; Rockwell Collins, Inc .; SAAB AB; Thales Group and others.
Blanket: All major geographies and key segments
Segments: Platform (Seat, Vehicle, Soldier); System (computer system, navigation and imaging system, communication and networking system)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; and rest of Europe); Asia Pacific; Rest of the world.
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Global Battlefield Management System (BMS) Market To Reach $ 20.2 billion by 2026
In the midst of the COVID-19 crisis, the global battlefield management system (BMS) market is estimated to be US $ 15 billion in 2020, is expected to reach a revised size of US $ 20.2 billion by 2026, with a CAGR of 5% over the analysis period. Headquarters, one of the segments analyzed in the report, is expected to register a CAGR of 4.8% and reach US $ 5.3 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the vehicle segment is readjusted to a revised CAGR of 5.2% for the next 7 year period.
The US market is estimated at $ 4.7 billion in 2021, when China is expected to reach $ 3.6 billion by 2026
The United States Battlefield Management Systems (BMS) market is estimated at 4.7 billion US dollars in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of 3.6 billion US dollars by 2026, with a CAGR of 4.8% over the analysis period. Other notable geographic markets include Japan and Canada, each projects growth of 4.6% and 4.2% respectively over the period of analysis. In Europe, Germany is expected to grow at around 4.7% CAGR.
Soldier segment to reach 6.7 billion US dollars by 2026
In the Global Soldier segment, United States, Canada, Japan, China and Europe will lead to the estimated 5% CAGR for this segment. These regional markets representing a combined market size of US $ 4 billion in 2020 will reach a projected size of US $ 5.7 billion before the end of the analysis period. China will remain among the most dynamic of this group of regional markets. Following
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