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Battlefield management systems market to rise

Mar. 17, 2014 - 03:14PM   |  
By MICHAEL PECK   |   Comments
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The global battlefield management systems market will reach $12.6 billion by 2019, according to a forecast by market research firm ASDReports.

"Land-based BMS systems will have the highest CAGR [compound annual growth rate] across the three platforms, and will account for 80.33% of the market share during the forecast period," said the study, which examined command systems for dismounted soldier and vehicles, battlefield communications networks, and BMS software.

BMS manufacturers are increasingly turning to emerging markets such as India, Saudi Arabia, Brazil, and Japan. "The shift towards asymmetric warfare will be the driving factor for the global BMS market," the report said.

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