Latin America Battlefield Management Systems Market Size & Outlook
The battlefield management systems market in Latin America is expected to reach a projected revenue of US$ 337.9 million by 2030. A compound annual growth rate of 3.5% is expected of Latin America battlefield management systems market from 2024 to 2030.
Revenue, 2023 (US$M)
$265.7
Forecast, 2030 (US$M)
$337.9
CAGR, 2024 - 2030
3.5%
Report Coverage
Latin America
Latin America battlefield management systems market, 2018-2030 (US$M)
Latin America battlefield management systems market highlights
- The Latin America battlefield management systems market generated a revenue of USD 265.7 million in 2023.
- The market is expected to grow at a CAGR of 3.5% from 2024 to 2030.
- In terms of segment, navigation and mapping was the largest revenue generating system in 2023.
- Navigation and Mapping is the most lucrative system segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 265.7 million |
| Market revenue in 2030 | USD 337.9 million |
| Growth rate | 3.5% (CAGR from 2023 to 2030) |
| Largest segment | Navigation and mapping |
| Fastest growing segment | Navigation and Mapping |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Navigation and Mapping |
| Key market players worldwide | BAE Systems PLC, RTX Corp, Elbit Systems Ltd, General Dynamics Corp, L3Harris Technologies Inc, Leonardo SpA ADR, Saab AB ADR, Thales Group |
Other key industry trends
- In terms of revenue, Latin America region accounted for 2.3% of the global battlefield management systems market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,695.5 million by 2030.
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Battlefield Management Systems Market Scope
Battlefield management systems market segmentation & scope
Component
Hardware
Software
End Use
Army
Navy
Air Force
Countries
U.S.
Canada
Mexico
Denmark
France
Germany
Italy
Norway
Spain
Sweden
UK
Brazil
Argentina
Australia
China
India
Japan
South Korea
Thailand
UAE
South Africa
Saudi Arabia
Kuwait
Battlefield Management Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Related regional statistics
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