There has been noticeable transformation in computing, communication, and display technologies across all sectors in the past decade and a half. 21st century battlefield challenges have necessitated the use of mechanisms such as real-time situation awareness, which is being met by digital battlefield technologies. Use of digital battlefields inby armies has lowered down operational cost and time, whereas, soldiers have experienced higher survivability. Military equipment buyers and decision-makers are now more informed and their work is more streamlined with digital battlefield technologies. Military research & development has further become more scalable and time-bound, and overall process innovation is observed to be synchronized.

For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=5789

As per a new report published by Fact.MR, the global digital battlefield market is anticipated to exceed a valuation of US$ 35 Bn by 2021, and is expected to expand at an impressive CAGR of around 14% over the forecast period of 2021 to 2031.

Key Takeaways from Market Study

• In 2020, North America accounted for around39% revenue share of the global market.
• The market in East Asia, South Asia, and the Middle East and Africa is estimated to grow over 6-foldby 2031.
• In 2020, the hardware segment accounted for over 46% of global market revenue.
• Among the technologies, artificial intelligence is expected to hold nearly 16% market share in 2021.
• Airborne digital battlefieldplatformscontributed nearly half of digital battlefield revenue.
• The market is moderately concentrated, where companies such as BAE Systems, Northrop Grumman,   Raytheon Technologies, Lockheed Martin, and Thales Group account fora majorityof the market share.

For critical insights on this market, request for methodology here –  https://www.factmr.com/connectus/sample?flag=RM&rep_id=5789

Key Market Segments Covered

• By Technology
  • Artificial Intelligence
  • 3D Printing
  • Internet of Things
  • Big Data Analytics
  • Robotic Process Automation
  • Cloud Computing & Master Data Management
• By Application
  • Warfare Platforms
  • Cyber Security
  • Logistics & Transportation
  • Surveillance & Situational Awareness

For in-depth competitive analysis, buy now –  https://www.factmr.com/checkout/5789

Winning Strategy

Customizations in digital battlefieldsare expected to garner significant traction in the years to come. Geographical information systems (GIS) and related technologies can play an important role in capturing battlespace situations through images, which will surge the market for digital battlefields in future.

Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/06/04/1863870/0/en/Legacy-IT-Giants-Eyeing-to-Consolidate-Global-Structured-Cabling-Market-finds-Fact-MR-study.html

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com