Global Bulletprrof Vest Market

The armored vehicles market consists of sales of armored vehicles by entities (organizations, sole traders, and partnerships) that produce armored vehicles. The armored fighting vehicle is a self-propelled, weaponized military vehicle used for combat operations. The main vehicle types of armored vehicles are armored personnel carrier, infantry fighting vehicle, main battle tanks, tactical truck, bus, and others. An armored personnel carrier is a type of armored military vehicle used to transport personnel and equipment in combat zones. The various platform includes combat vehicles, combat support vehicles, unmanned armored ground vehicles and the different systems involved are engine, drive system, ballistic armor, fire control system (FCS), armaments, ammunition handling system, countermeasure system, command, and control system, others. By mobility, the armored vehicles are classified into tracked, wheeled, 4x4, 6x6, 8x8, others. The global armored vehicles market size is expected to grow from $10.62 billion in 2021 to $11.22 billion in 2022 at a compound annual growth rate (CAGR) of 5.7%. The growth in the armored vehicles market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The armored vehicle market is expected to reach $13.01 billion in 2026 at a CAGR of 3.8%. Increased military spending is expected to fuel the growth of the armored vehicles market over the coming years. Countries around the world are investing in the military because of their conflicts and rivalry with other nations. Military expenditure covers operations, maintenance, arms acquisition, armored vehicles, and military research and development. For instance, on December 20, 2019, the Japanese government signed off on its highest-ever defense budget of $48.5 billion for the next financial year, amidst the increasing conflicts with Asia-Pacific. According to current results from the Stockholm International Peace Research Institute (SIPRI), the overall global military budget increased to $1,917 billion in 2019. Therefore, the increased military spending drives the growth of the armored vehicles market. The high cost of armored vehicles is expected to limit the growth of the armored vehicles market in the coming years. The cost of armored vehicles is high because armored vehicles are fitted with strict attention to quality for providing uncompromising protection while being on the route. For example, Inkas Sentry Civilian is an armed personnel carrier that starts at a base price of $350,000. Therefore, the high cost of armored vehicles hinders the growth of the armored vehicles market. The unmanned armored vehicle is a key trend gaining popularity in the armored vehicles market. The use of unmanned armored vehicles in the defense sector is increasingly evolving and military organizations around the globe are experimenting with their use in an attempt to understand what actually such systems can bring and how they can best be incorporated into existing power structures. For instance, in March 2020, the first unmanned armored vehicle from SOORAN, capable of fighting on battlefields and operating from a distance, grabbed the attention of the Indian Army. SOORAN is an artificial intelligence multi-terrain vehicle fitted with a petrol engine and can be controlled in three modes, including remote teleoperation, mobile control station teleoperation, and autonomous mode. In May 2020, BAE Systems, a USA-based Aerospace company acquired Raytheon Company for an undisclosed amount. This acquisition augments BAE Systems’ portfolio in airborne communications with broad-spectrum, multi-band, multi-channel radios that feature robust anti-jamming and encryption capabilities. Raytheon Company is a USA defense contractor and industrial corporation with core manufacturing concentrations in weapons and military and commercial electronics. Major players in the armored vehicles market are BAE Systems, Oshkosh Corp, International Armored Group, General Dynamics Land Systems, Textron, Rheinmetall, Lockheed Martin, Krauss-Maffei Wegmann, INKAS Armored Vehicle, Elbit Systems, IVECO, Lenco Industries, Navistar, Thales Group, STREIT Group, UralVagonZavod, Ukroboronprom, NORINCO, BMW, Ford Motor Company, The Raytheon and Mitsubishi Heavy Industries and Hyundai. Asia Pacific was the largest region in the armored vehicles market in 2021. Western Europe is expected to be the fastest growing region in the forecast period. The regions covered in the armored vehicles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the armored vehicles market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global armored vehicles market is segmented - 1) By Vehicle Type: Armored Personnel Carrier, Infantry Fighting Vehicle, Main Battle Tanks, Tactical Truck, Bus, Others 2) By Platform: Combat Vehicles, Combat Support Vehicles, Unmanned Armored Ground Vehicles 3) By System: Engine, Drive System, Ballistic Armor, Fire Control System (FCS), Armaments, Ammunition Handling System, Countermeasure System, Command and Control System, Others 4) By Mobility: Tracked, Wheeled, 4x4, 6x6, 8x8, Others

The autonomous military weapons market consists of sales of autonomous military weapons, which when activated, search, detect, evaluate the threat, track and attack enemy targets and work based on sophisticated algorithms without further intervention by a human operator. It requires the integration of several core elements like a mobile combat platform such as drone aircraft, ship, or ground vehicle, various types of sensors to scrutinize the surroundings, processing systems to classify objects discovered by the sensors, and algorithms directing the platform to initiate attack when an allowable target is detected. The market consists of revenue generated by the companies manufacturing autonomous military weapons by the sales of these products. The main types of autonomous military weapons are autonomous and semi-autonomous. Autonomous weapons are the weapons that choose and engage targets without the need for human involvement. The different products include missiles, rockets, guided bombs, target pods, others and involve various platforms such as land, airborne, naval. The global autonomous military weapons market size is expected grow from $12.04 billion in 2021 to $13.30 billion in 2022 at a compound annual growth rate (CAGR) of 10.4%. The growth in the autonomous military weapons market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The autonomous military weapons market is expected to reach $19.75 billion in 2026 at a CAGR of 10.4%. The ability to perform dangerous tasks with precision contributed to the growth of the autonomous military weapons market. Autonomy in weapons enables to keep army personnel away from dangerous tasks or any imminent risk to human life. Besides this, increased reaction speed in decision making and eyes on the target will potentially increase accuracy. It has access to a larger amount of information, greater accuracy, and greater predictability for certain functions freeing humans from dull or repetitive tasks along with permitting access to environments that are inaccessible to remote control technologies. Major countries such as the USA, China, and Russia are significantly investing in artificial intelligence (AI) for weapons and are competing for superiority in this segment. For instance, Russia is investing $719 million until 2021 in AI research and development for weapons. The ability to hit the target without human involvement along with minimizing risk to human life increased the demand for the autonomous military weapons market. The risk posed by autonomous weapons compelled the researchers and designers to decide against manufacturing them, hampering the growth of the market. For instance, around 240 organizations involved in artificial intelligence and nearly 3,100 individuals vowed not to be involved in the development of autonomous weapon systems. The strong objection from around the world to manufacture autonomous military weapons is a hindrance to the market growth. IMI systems, a state-owned weapons maker of Israel, was sold to Elbit for $522 million. IMI systems were the manufacturer of the Uzi sub-machine gun and the Galil assault rifle. It manufactures armored vehicles and also trains security agents. The deal will create a company with a heavy emphasis on research and development, and whose product range will extend from IMI’s shoulder-launched missiles, precision-guided mortar munitions, and rocket-propulsion systems to Elbit’s portfolio of avionic systems, drones, and intelligence and cybertechnology. Elbit would also relocate the IMI facilities from central Israel to the southern Negev area. Major players in the autonomous military weapons market are Lockheed Martin, Boeing, Raytheon, AVIC, CASC, Rostec, Israel Aerospace Industries, Elbit Systems, Rafael, and STM. Asia Pacific was the largest region in autonomous military weapons market in 2021. Western Europe is expected to be the fastest growing region in the forecast period. The regions covered in the autonomous military weapons market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the autonomous military weapons market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global autonomous military weapons market is segmented - 1) By Type: Autonomous, Semi-Autonomous 2) By Product: Missiles, Rockets, Guided Bombs, Target Pods, Others 3) By Platform: Land, Airborne, Naval

The land-based defense equipment market consists of sales of land-based defense equipment by entities (organizations, sole traders, and partnerships) that produce land-based defense equipment including support and auxiliary equipment for the land-based defense such as radar, satellites, sonars and other auxiliary equipment. The main types of land-based defense equipment are armored vehicles, missiles, tanks, small arms, and light weapons. An armored fighting vehicle (AFV) is an armored battle vehicle that combines operational flexibility with attacking and protective capabilities. The different operations include autonomous land-based defense equipment, manual and is used in various applications such as military, law enforcement. The global land-based defense equipment market size is expected to grow from $ 48.77 billion in 2021 to $ 51.02 billion in 2022 at a compound annual growth rate (CAGR) of 4.6%. The growth in the land-based defense equipment market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The land-based defense equipment market is expected to reach $ 59.46 billion in 2026 at a CAGR of 3.9%. The overall economic growth of the emerging economies is expected to positively impact the sea-based defense equipment manufacturing market. Rising disposable income, a result of the economic growth, in emerging markets had a positive impact on the demand for defense equipment. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.4% in 2021. Developed economies are also expected to register stable growth during the forecast period. Stable economic growth is expected to increase investments for the nation's security, thereby driving the sea-based defense equipment manufacturing market during the forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the land-based defense equipment manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and manufacturing was affected due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Defense equipment manufacturers depend on the supply of raw materials and parts from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and raw materials. The outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the land-based defense equipment manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. CornerShot rifles are increasingly being used in the defense industry. CornerShot weapons have a steel hinge that allows the gun’s frame to bend around the corner to attack the target without exposing themselves. These rifles help shooters to navigate around corners via a high-resolution camera and LCD monitor. The corner shot rifles are widely used inside armored vehicles and tanks, on a turret up top, which will allow for a full 360-degree field cover while the triggerman remained safely inside the vehicle. The weapon is accurate and effective to 100 to 200 meters depending on the type of weapon. Corner Shot removes the need for this initial exposure. Major companies in the land-based defense equipment market include BAE Systems, Raytheon Co, Northrop Grumman Corp, General Dynamics Corp, and Lockheed Martin Corporation. Asia Pacific was the largest region in the land-based defense equipment market in 2021. Western Europe is expected to be the fastest growing region in the forecast period. The regions covered in the land based defense equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the land-based defense equipment market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The global land-based defense equipment market is segmented - 1) By Type: Armored Vehicles, Missiles, Tanks, Small Arms and Light Weapons 2) By Operation: Autonomous Land-Based Defense Equipment, Manual 3) By Application: Military, Law Enforcement Subsegments Covered: Combat Vehicles, Combat Support Vehicles, Unmanned Armored Ground Vehicles, Short Range, Medium Range, Intermediate Range, Intercontinental, Light, Medium, Heavy, Small Arms, Light Weapon

The global military robots market consists of sales of robots designed for military applications. The market consists of revenue generated by the establishments by the sales of remotely controlled military robots that are designed for tasks such as transport, search, rescue, gunfire/attack, airborne and underwater surveillance, image capturing, bomb disposal, carry wounded military personnel, and detect mines. The main platforms in military robots are land, marine, and airborne. Unmanned Ground Vehicles (UGVs) are the common name for land or home robots. Wheeled or tracked robots are the most frequent, but footed robots with two or more legs are also prevalent (humanoid, or resembling animals or insects). The different payloads include sensors, cameras, LCD screens, weapons, radar, others and are used in ISR, search and rescue, combat support, transportation, EOD, mine clearance, firefighting. the various sectors include armed forces, homeland securities. The global military robots market size is expected grow from $16.88 billion in 2021 to $18.80 billion in 2022 at a compound annual growth rate (CAGR) of 11.4%. The growth in the military robots market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The military robots market is expected to reach $26.18 billion in 2026 at a CAGR of 8.6%. The market growth can be attributed to the increasing adoption of land-based military robots by various countries for border security. Border security robots that are based on hybrid wireless sensor networks were introduced to address concerns about national security. The primary objective of the border patrol robots is to save the lives of security personnel deployed for border surveillance. Border patrol systems that utilize the PIR sensor for human detection and a metal detector for explosive detection, can accurately detect the border intrusion with minimum human involvement. The system also uses a wireless camera to continuously monitor the border. Based on the fact that autonomous military systems can cut down costs, improve effectiveness, enable more broad military operations, and importantly help keep security personnel out of harm, various countries are adopting military robots for border security. The increasing adoption of military robots by various countries, therefore, is expected to drive the military robots market growth. The decline in the defense budget in developed economies across the globe acts as a restraint for the military robots market. According to Stockholm International Peace Research Institute (SIPRI), global military expenditure was $1917 billion in 2019. The global military expenditure as a share of GDP represented 2.2 % in 2019. But global defense spending is expected to decline in the coming years due to the economic fallout of the coronavirus pandemic. Also, according to International Monetary Funds (IMF) report, the military expenditure has seen a decline in a significant drop in global military spending as a percent of GDP from 3.6% during the Cold War era (1970-90) to 1.9% in the pre-covid decade. The decline in the defense budget in some developed economies across the globe is expected to hamper the military robots market. Multi-mission robots are designed to carry out multi-domain operations in the military. Unlike humans, robots do not suffer from physical and mental exhaustion. With continuous advances in electronic component technology and miniaturization, the operational flexibility of robots increased tremendously. They exhibit greater endurance from the impact of bombs and weapons ensuring greater security. Today's robots are equipped with mission-specific tasks and individual munitions. The payloads that these robots carry may be integrated into line with the mission requirements. For instance, 710 Kobra is a heavy-duty, multi-mission robot designed by American robot maker iRobot Defense & Security (now Endeavor Robotics Holdings) to provide increased safety and mission effectiveness for soldiers, first responders, and security personnel. In February 2019, FLIR Systems, a leading maker of sensor systems acquired Endeavor Robotics for $385 million amount. With the addition of Endeavor, FLIR becomes a leading provider of unmanned aerial and ground solutions to support the needs of warfighters, public safety, and critical infrastructure professionals. Endeavor Robotics is a robotics company focused on the defense, public safety, and industrial markets. Major players in the military robots market are Lockheed Marin Corporation, Northrup Grumman Corporation, General Dynamics Corporation, BAE Systems, Aerovironment, Inc, Irobot, Boston Dynamics, Thales Group, Elbit Systems Ltd, and Turkish Aerospace Industries Inc. North America was the largest region in military robots market in 2021. North America is expected to be the fastest growing region in the global military robots during the forecast period. The regions covered in the military robots market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the military robots market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global military robots market is segmented - 1) By Platform: Land, Marine, Airborne 2) By Application: ISR, Search and Rescue, Combat Support, Transportation, EOD, Mine Clearance, Firefighting 3) By Payload: Sensors, Cameras, LCD Screens, Weapons, Radar, Others 4) By End-User: Armed Forces, Homeland Securities

The small arms and light weapons market consists of sales of small arms and light weapons by entities (organizations, sole traders, and partnerships) that produce small arms and light weapons. Only goods and services traded between entities or sold to end consumers are included. The main types of small arms and light weapons are small arms and light weapons. Small arms, also known as firearms or guns, are man-portable lethal weapons designed for individual use that can expel or launch a shot, bullet, or projectile via explosive action. The different calibers of the weapons are 14.5mm; 12.7 mm; 9 mm; 7.62mm; 5.56mm and various firing systems include recoil-operated; gas-operated; manual. The applications of small arms and light weapons include military and law enforcement that is used by defense, civil and commercial sectors. The global small arms and light weapons market size is expected to grow from $11.02 billion in 2021 to $11.47 billion in 2022 at a compound annual growth rate (CAGR) of 4.1%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The light weapons and small arms market is expected to reach $12.17 billion in 2026 at a CAGR of 1.5%. Increased defense spending is expected to fuel the growth of the small arms and light weapons market over the coming years. Countries around the world are investing in defense because of their conflicts and rivalry with other nations. For instance, in December 2019, the Japanese government signed off on its defense budget of $48.5 billion for the next financial year, amidst increasing conflicts with Asia-Pacific. According to current results from the Stockholm International Peace Research Institute (SIPRI), the overall global defense budget increased to $1917 billion in 2019. Therefore, the increased defense spending drives the growth of the small arms and light weapons market. The strict government legislation against possession of firearms is expected to impede the development of the small arms and light weapons market in the coming years. Countries around the world have tightened their weapons laws, making it much more challenging for regular people to own a firearm, as mass shooting events are on the rise. According to the Gun Violence Archive (GVA), there have been over 33,000 reports of criminal attacks executed with firearms in 2019 alone. The Weapons (Amendment) Bill, 2019 specifies that those who use firearms in celebratory gunfire in a reckless or careless manner, risking human life or personal protection of others, are liable for two-year imprisonment or a fine which may extend to $0.0014 million (1 lakh) or with both. Therefore, the strict government legislation against possession of firearms restraints the growth of the small arms and light weapons market. The growing technological advancements are a major trend gaining popularity in the small arms and light weapons market. Major companies operating in the small arms and light weapons market are focused on developing advanced technology solutions for small arms and light weapons. For instance, in August 2021, MZA Associates Corp., a US-based laser weapons company, announced that they collaborated with the US military to develop a compact, portable, low-cost, and reliable C-UAS HELWS to damage or destroy unmanned aerial vehicles (UAVs) that are violating the airspace of military bases or other sensitive installations. In September 2020, Sturm, Ruger, and Company, an America-based company that manufactures rugged, reliable firearms for the commercial sporting market acquired Marlin Firearms assets for $30 million. The acquisition will help Sturm, Ruger, and Company to widen their diverse product offerings. Marlin Firearms, an America-based arms manufacturing company. Major players in the small arms and light weapons market are Beretta S.p.A., FN Herstel, Smith & Wesson Holding Corporation, SIG Sauer, Carl Walther GmbH., GLOCK Ges m.b. H, Colt’s Manufacturing Company LLC, Lockheed Martin Corporation, Thales Group, SAAB AB, Glock Ges. m.b.H., Browning Arms Company, Heckler and Koch, Sturm Ruger & Company, and Alliant Techsystems. Asia Pacific was the largest region in the small arms and weapons market in 2021. Western Europe is expected to be the fastest growing region in the forecast period. The regions covered in the small arms and light weapons market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the small arms and light weapons market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global small arms and light weapons market is segmented - 1) By Type: Small Arms, Light Weapons 2) By Application: Military, Law Enforcement 3) By Caliber: 14.5mm, 12.7 mm, 9 mm, 7.62mm, 5.56mm 4) By End-Use Sector: Defense, Civil and Commercial 5) By Action: Semi-Automatic, Automatic 6) By Firing Systems: Recoil-Operated, Gas-Operated, Manual

The battlefield management system market consists of sales of battlefield management systems by entities (organizations, sole traders, and partnerships) that are used by various countries and their respective military branches around the world. The battlefield management system (BMS) provides an integrated common operating picture (COP) of the battlefield, utilising collaborative planning tools to enable tactical commanders at all levels, from battalion HQ to section commanders, to make responsive and knowledge-based decisions and exercise highly effective control over operations in a dynamic and fluid battlefield, all while remaining focused on their primary missions. Commanders of any arm or service at various hierarchical levels can benefit from the real-time precise information provided by the battlefield management system, allowing them to make the correct decisions at the right moment. Understanding the battlefield in its current state is critical for any mission's success and survival. The main platforms of battlefield management system include armoured vehicles, headquarters and command centres, and soldier systems. The armoured vehicle's market consists of sales of armoured vehicles by entities (organizations, sole traders, and partnerships), that are used as platforms for battlefield management systems. The platform's goal is to aid commanders in planning and executing ground missions by allowing vehicles to transmit information in real-time. As a result, individual vehicle operators have a complete view of their surroundings and are better able to coordinate and react to any circumstance. The main types of battlefield management systems include dismounted soldier systems, commander systems, and communication network systems. The main types of components in battlefield management systems include wireless communication devices, imaging devices, computer software, tracking devices, wired communication devices, computer hardware devices, night vision devices, display devices, and identification of friend or foe. The different systems offered under battlefield management systems include computing, communication and networking, command and control, and navigation, image and mapping. Battlefield management systems are used by army, navy and air force units. The global battlefield management system market size is expected to grow from $12.76 billion in 2021 to $13.49 billion in 2022 at a compound annual growth rate (CAGR) of 5.66%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The battlefield management system market is expected to reach $17.18 billion in 2026 at a CAGR of 6.23%. The growth in military spending (consisting of the army, navy, and air force) is expected to propel the growth of the battlefield management system market. A military expenditure plan, also known as a nation's defence budget, is the number of financial resources committed to the maintenance of an armed force or various defence strategies. In recent years, a rise in military spending and regional tensions among various countries have led to an increase in military spending, research and development, and procurement of advanced military equipment such as battlefield management systems. According to the Stockholm International Peace Research Institute (SIPRI), total global military spending in 2020 will be $1,981 billion, up 2.6% from 2019. China, the United States, Russia, India, and the United Kingdom were the top five spenders in 2020, accounting for 62% of worldwide military spending. China's military budget also increased for the 26th year in a row. Therefore, a rise in military spending drives the growth of battlefield management systems. Strategic collaborations between companies is a key trend gaining popularity in the battlefield management system market. Companies manufacturing battlefield management systems are undergoing partnerships and collaboration with other competing companies and government defence organizations, as well as developing new technologies and products. For instance, in February 2020, Saab, a Swedish-based company that manufactures aerospace and defence systems, and the Australian Department of Defence entered into an agreement for the production of battlefield management systems. The partnership will enable the Australian Department of Defence acquired next-generation combat management systems produced by Saab for their new Arafura class offshore patrol vessels. Also, in December 2019, BAE Systems, a British multinational arms, security, and aerospace company based in London, and the U.S. Defense Advanced Research Projects Agency (DARPA), have formed a partnership to develop new cyber tools designed to prevent cyberattacks on the US Combat Management Systems (CMS). The partnership enables BAE Systems to work closely with the American armed forces and will also gain valuable insights and technology transfer in the field of cyber warfare. With this new development experience and awareness, BAE Systems will be at the forefront of developing advanced CMS and cyber security measures. In May 2020, BAE Systems, a British multinational arm, security, and aerospace company based in London acquired Collins Aerospace’s military GPS business from Raytheon Technologies Corporation for $275 million. The acquisition will enable, broad-spectrum, multi-band, multi-channel radios with sophisticated anti-jamming and encryption capabilities to become part of the BAE Systems battlefield management system portfolio. The acquisition also gives BAE operations knowledge of electronic systems command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) Systems. Raytheon, a company operating in battle management systems specialized in mobile battle management systems based in the U.S. Major players in the battlefield management system market are Rolta India Limited, Leonardo S.p.A., Atos SE, Elbit Systems, Thales Group, Rheinmetall AG, BAE Systems, Saab AB, Aselsan, L3Harris Technologies, Cobham Limited, Raytheon Company, Lockheed Martin Corporation, Northrop Grumman Corporation, RUAG Group, and ASELSAN A.S. North America was the largest region in the battlefield management systems market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the battlefield management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the battlefield management system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global battlefield management system market is segmented - 1) By Components: Wireless Communication Devices, Imaging Devices, Computer Software, Tracking Devices, Wired Communication Devices, Computer Hardware Devices, Night Vision Devices, Display Devices, Identification Friend or Foe (IFF) 2) By Type: Dismounted Soldier Systems, Commander Systems, Communication Network Systems 3) By System: Computing, Communication and Networking, Command and Control, Navigation, Imaging, and Mapping 4) By Platform: Armoured Vehicles, Headquarter and Command Centers, Soldier Systems 5) By Application: Air Force, Army, Navy