PUBLISHER: Orion Market Research | PRODUCT CODE: 1363939
PUBLISHER: Orion Market Research | PRODUCT CODE: 1363939
Title: Global Digital Battlefields Market Size, Share & Trends Analysis Report by Solution (Hardware, Software, and Services), by Technology (Artificial Intelligence (AI), Internet of Things (IoT), Big Data Analytics, Robotics Process Automation (RPA), Digital Twin, and Others), by Platform (Land, Naval, Air, and Space), and by Application (Warfare Platforms, Cybersecurity, Surveillance and Situational Awareness (SSA), Command and Control (C2), and Others)Forecast Period (2023-2030).
The global digital battlefields market is anticipated to grow at a considerable CAGR of 15.4% during the forecast period (2023-2030). The digital battlefield is a network of connected surveillance, communication, weapon, and aerial platforms. It provides real-time situational awareness information for strategic decision-making. The increasing demand for advanced communication and networking technologies is driving the digital battlefields market. One example of how advanced communication and networking technologies are being used by militaries is the US Army's Joint All-Domain Command and Control (JADC2) system. JADC2 is a network-centric approach to warfare that enables the Army to connect its sensors, shooters, and decision-makers across all domains (land, air, sea, space, and cyber) in real-time. JADC2 relies on a variety of advanced communication and networking technologies, including 5G, artificial intelligence (AI), and machine learning (ML). These technologies enable the Army to share information and coordinate its actions more effectively, while also improving its situational awareness and decision-making capabilities.
The digital battlefields also has some constraints with it, one of which is the cost. Developing and deploying digital battlefield technologies can be very expensive. This can be a barrier for some militaries, especially those with limited budgets. If we take a real-life example then the cost of developing and deploying 5G networks has been a major barrier for some militaries.
The global digital battlefields market is segmented based on solution, technology, platform, and application. Based on the solution, the market is sub-segmented into hardware, software, and services. Based on the technology, the market is sub-segmented into AI, IoT, big data analytics, RPA, and others. Based on the platform, the market is bifurcated into land, air, naval, and space. Based on the application, the market is sub-segmented into warfare platforms, cybersecurity, SSA, C2, and others.
Among the technology, the digital twin sub-segment is expected to hold a considerable share of the market and is further anticipated to grow at a considerable CAGR over the forecast period. Digital twin technology refers to a complex collection of technical data is merged to make a virtual representation of a physical product. This technology can stimulate the entire life cycle of the digital battlefield product, predict its behavior, and optimize its design. It can incorporate data analytics, AI, and ML capabilities. It can also demonstrate the potential impact of real-time designs changes, usage conditions, and several performance variables. For instance, in April 2021, the new jet trainer aircraft for the Air force is being designed and prototyped by the US Air Force weapons specialties utilizing computerized representations of actual objects. By allowing military corporations to compete with one other's designs online, creating a digital virtual version of a real time, or a digital twin, which will aid the Air force in developing and testing weapons.
The global digital battlefields market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, North America holds a significant share of the global digital battlefields market owing to the surging R&D activities coupled with the increasing demand for modern warfare.
Among all regions, the Asia-Pacific region is expected to grow at a prominent CAGR over the forecast period, globally. One of the primary factors driving the growth of the Asia-Pacific region is the increase in advancements in Artificial Intelligence, Cloud computing, 5G, etc. The integration of AI with everything in our daily life along with modern warfare is being used extensively. The increase in research on the digital battlefield is also one of the factors driving the digital battlefields market.
The major companies serving the global digital battlefields market include BAE Systems plc., Lockheed Martin Corp., Northrop Grumman., RTX Corp., THALES, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in June 2022, U.S. and Indian defense officials announced the creation of a joint technology accelerator aimed at increasing collaboration and interoperability between the two nations. Along with, the collaboration aims to establish AI & ML Unmanned Battlefield Tech Space Electronic Warfare Cyber Industry.