Digital Battlefield Market Soars: A Comprehensive Analysis of the $61.7 Billion Industry in 2024 (Computers - Information Technologies)
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Digital Battlefield Market Soars: A Comprehensive Analysis of the $61.7 Billion Industry in 2024 | |
The digital battlefield market is expected to be valued at US$ 61.7 billion in 2024. The demand is expected to progress at an exemplary rate over the forecast period, with a CAGR of 17.8%. By 2034, the value of the market is forecast to record a valuation of US$ 319.0 billion. With army training becoming more extensive and military planning assuming an even more elevated stature, the digital battlefield space is becoming a prime concern for militaries. With geopolitical conflicts rising, militaries are becoming even more alert and spending on technology, thus laying out the groundwork for the digital battlefield. Governments, too, are encouraging the use of digital battlefields by granting more budget to technology adaption in militaries. Technologies like AI, robotics, and drones are accelerating the use of digital battlefields. Software like AR/VR is aiding in the training of soldiers by replicating real-life battle situations with increasing accuracy. 5G technology is being used to improve the communication between various army elements. Request for a Sample of this Research Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-18824 Digital battlefield solutions allow military personnel to take on-the-fly decisions and better execute strategies. The tracking of own and enemy soldiers with the help of GIS and GPS technologies is also seeing the digital battlefield gain more prominence. “The avenues for the digital battlefield are rapidly expanding. In addition to traditional land strategies, digital planning is also helping armies in naval, air, and even space platforms. Thus, the scope of investment in the market remains wide,” says an analyst at FMI. Key Takeaways from the Digital Battlefield Market The digital battlefield market is anticipated to be valued at US$ 61.7 billion in 2024. Land remains a prominent platform in the digital battlefield market. From 2024 to 2034, the segment is forecast to progress at 17.6%. Hardware is the leader in the solution segment. Hardware is predicted to progress at a CAGR of 17.4% for the forecast period. South Korea is one of the promising countries in the market. The CAGR for South Korea over the forecast period is anticipated to be 20.1%. Japan and China are other Asian countries poised to be lucrative for the market. For the 2024 to 2034 period, the CAGR for Japan and China is pegged at 19.6% and 18.7% respectively. The market is expected to register a CAGR of 18.2% in the United States over the forecast period. Competition Analysis Market players focus on securing lucrative contracts from governments, with relationship building also an area of focus. Partnerships among players are also often seen for critical infrastructure, cyber threats, and technology. Some prominent companies in the market include Raytheon Technologies Corporation, BAE Systems, Elbit Systems Ltd., and General Dynamics Corporation. | |
| Target State: All States Target City : All Cities Last Update : Feb 29, 2024 10:13 AM Number of Views: 97 | Item Owner : Sudip Saha is the managing director and co-founder at Future Market Insights Contact Email: (None) Contact Phone: (None) |
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2024-11-23 (0.388 sec)