Advanced Battle Management System (ABMS) Market: Current Analysis and Forecast (2023-2030)
Emphasis on System (Navigation Systems, Communication and Networking Systems, Command and Control Systems, and Weapon Systems); and End-Use (Army Air Force, and Navy); Solution (Hardware and Software) and Solution (Armored Vehicle, Head Quarter and Command Centre, & Solider Systems) and Region/Country
The Advanced Battle Management System (ABMS) Market, is expected to reach USD 3.4 billion in 2030 by growing at a CAGR of 21.3% during the forecast period (2023-2030). The global scenario for advanced battle management system (ABMS) is rapidly evolving, Countries around the world are increasing their defence budgets, which is driving investment in advanced military technologies such as the ABMS. Additionally, With the increasing use of digital systems in the military, there is a greater focus on ensuring the ABMS is secure against cyber-attacks. Several countries are developing experimental prototypes of the ABMS to test and evaluate its capabilities. There is an increasing collaboration between industry and government in the development and implementation of the ABMS.
Some of the major players operating in the market include ASELSAN A.Ş., BAE Systems., L3Harris Technologies Inc., Saab AB, Raytheon Technologies Corporation, Elbit Systems Ltd, General Dynamics Corporation, Lockheed Martin Corporation., Israel Aerospace Industries Limited, and Kongsberg Gruppen ASA. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst solutions, the software segment is growing significantly in the market in 2021.”
On the basis of solutions, the market is segmented into hardware and software. The software segment of the Advanced Battle Management System (ABMS) market is growing significantly because of the increasing demand for advanced software solutions that can support the effective management of complex military operations. ABMS software is designed to integrate various sensors, communication systems, and weapons systems to provide real-time situational awareness and decision-making capabilities to commanders. Additionally, the increasing adoption of advanced technologies such as artificial intelligence, machine learning, and big data analytics in military operations. These technologies enable the software to process and analyze large amounts of data from various sources, including sensors and communication systems, to provide commanders with actionable insights and recommendations.
“Amongst system, the weapon systems growing significantly in the market in 2021.”
Based on the system, the market is segmented into navigation systems, communication and networking systems, command and control systems, and weapon systems. The weapons system segment of the Advanced Battle Management System (ABMS) market is growing significantly because of the increasing demand for advanced weapons systems that can be integrated with ABMS to provide real-time situational awareness and decision-making capabilities to commanders. The integration of weapons systems with ABMS enables commanders to make more informed decisions about the use of weapons systems in real-time. Additionally, the integration of weapons systems with ABMS also enables the automation of certain weapons system functions, such as targeting and tracking. This can improve the efficiency and effectiveness of military operations and reduce the risk of human error.
“Asia Pacific is experiencing significant growth in the advanced battle management system (ABMS) market in 2021.”
The Asia Pacific region is growing significantly in the Advanced Battle Management System (ABMS) market because of the increasing military expenditure, rising tensions in the region, and increasing focus on cybersecurity. Major players in the ABMS market in the region, such as Lockheed Martin, Raytheon Technologies, and BAE Systems, have announced plans to invest in the development of ABMS solutions to meet the unique requirements of the region. Additionally, the countries in the Asia Pacific region are increasing their military expenditure to modernize their armed forces and improve their defence capabilities. This is driving the demand for advanced military technologies, including ABMS, in the region. For instance, in 2021, the Japanese Ministry of Defense announced the development of the Joint Staff Information Systems (JSIS), which aims to provide a JADC2 capability for the Japanese Self-Defense Forces.
Advanced Battle Management System (ABMS) Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
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Table of Contents
Research Methodology for the Advanced Battle Management System (ABMS) Market Analysis (2020-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global advanced battle management system (ABMS) market were the three major steps undertaken to create and analyze the adoption of the advanced battle management system (ABMS) in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted with industry experts across the value chain of the global advanced battle management system (ABMS) market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the advanced battle management system (ABMS) market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the advanced battle management system (ABMS) market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as system, end-use, solution and platform. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the advanced battle management system (ABMS) market. Further, we conducted factor analysis using dependent and independent variables such as system, end-use, solution and platform of the advanced battle management system (ABMS) market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the advanced battle management system (ABMS) market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global advanced battle management system (ABMS) market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors, including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach, were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the advanced battle management system (ABMS) market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global advanced battle management system (ABMS) market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs), including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global advanced battle management system (ABMS) market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the system, end-use, solution and platform in the global advanced battle management system (ABMS) market.
The main objective of the Global Advanced Battle Management System (ABMS) Market Study
The current & future market trends of the global advanced battle management system (ABMS) market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the advanced battle management system (ABMS) market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
- Segments in the study include areas of the system, end-use, platform and solution.
- Define and analysis of the regulatory framework for the advanced battle management system (ABMS)
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the advanced battle management system (ABMS) market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the advanced battle management system (ABMS) market and the growth strategies adopted by the market players to sustain in the fast-growing market.
- Deep dive regional level analysis of the industry
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