The Military Navigation Market is estimated to grow from USD 9.64 Million in 2019 to reach USD 16.01 Million by 2027, at a CAGR of 6.6% during the forecast period from 2020-2027.
Military forces all over the world are concentrating on combining navigation equipment with ships, aircraft, rocket, missiles, and unmanned systems, which is expected to boost the military navigation market. Insufficient defense funding which is leading to decreased acquisition of defense equipmentis acting as a key restricting factor on the development of the military navigation industry.
|Final Report will have an in-depth analysis of the COVID-19 impact on the Military Navigation Market|
Military Navigation Market by Platform (Ammunition, Ground, Aviation,); by Component (Hardware, GPS Receiver, SAS); by Application (Combat & Security, ISR, SAR); by Grade (Navigation Grade, Space Grade)and by Region: Global Industry Trends, Dynamics, Competitive Insights and Forecast Analysis, 2020 – 2027
Drivers responsible for growth in the market include:
• Availability of Miniaturized Components at Affordable Prices
• Rising Demand for Missiles and Artillery Systems Due to Geopolitical Instabilities and Changing Nature of Warfare
• Increasing Preference for the use of UAVs in Modern Warfare
Factors restraining market growth:
• Operational Reliability Associated with High-End Inertial Navigation Sensors
• Decline in Defense Budgets of Developed Countries
Market Opportunities include:
• Integration of Anti-Jamming Capabilities with Navigation Systems
• Demand for New Generation Air and Missile Defense Systems
The report provides key player analysis along with company revenue shares in order to give a broader overview of the market players in the Military Navigation market. Major players in market are Honeywell International (US), Moog (US), Esterline Technologies (US), GE Aviation (US), KVH Industries (US), L3 Technologies (US), Rockwell Collins (US), LORD MicroStrain (US), Trimble Navigation (US), Raytheon (US), Northrop Grumman (US), Intelsat (US), Cobham (UK), Thales (France), Safran Electronics & Defense (France), Garmin Ltd. (Switzerland) and Israel Aerospace Industries (Israel)among others.
The market report covers a basic overview of the market from the industry perspective. This will help the reader to get a gist about different industry dimensions from a manufacturer’s view. The report divides the market into different sections and is comprised of market revenue (value) by segments.
The report provides market data from 2016 till 2027, wherein, 2016 to 2018 will be historic years, 2019 would be the base year and 2020 to 2027 will be forecast years. The report provides different statistics and figures and charts that will help analyze trends and global Military Navigation market share along with its growth rate in different regions and countries.
Key players across the globe are profiled in the report along with its company landscaping. Product portfolio for each company, recent developments and company strategies are covered along with the company financials.
Various drivers, restraints and opportunities in the Military Navigation market are analyzed in detail in the report. Key drivers that make the overall market grow are discussed thoroughly, along with its impact on the sales of different product types. Report also features restraining factors that are likely to restrain the market growth. As well, different opportunities which will propel the market in future and bring new growth avenues for major market players are discussed in detail. This will help in understanding the overall dynamics prevailing in the historic as well as in coming years.
Apart from this, the report covers various collaborations, mergers and acquisitions, regional expansions, new product launches and product pipelines for the key players involved in the market.
Evident quantitative as well as qualitative insights about the segments are covered in the report along with forecast analysis of all the segments that expected to alter the market in the future are described in detail. The segmental analysis also highlights details about different aspects that will influence the market.
Market is divided regionally and by country level into North America (U.S. Canada & Rest of North America), Europe (U.K., Germany, France, Italy, Spain, Russia & Rest of Europe), Asia Pacific (China, Japan, India, Australia, Southeast Asia & Rest of Asia Pacific), Latin America (Brazil, Mexico & Rest of Latin America) and Middle East and Africa (Saudi Arabia, South Africa, UAE & Rest of Middle East and Africa).
The report gives the pursuer the complete idea and understanding of the market and the regional and country level value and volume scenario and essentials for the industry. Current market insights on the regional level are studied and centered while market estimation, thus giving the reader a specialized idea & plans, financial as well as recent market advancements globally.
Military Transport Aircraft
• Unmanned Vehicle
Space Launch Vehicles
• Anti-jamming Device
• GPS Receiver
• Sense and Avoid System (SAS)
• Inertial Navigation System
• Thrust Vector Control
• Personal Navigation System
• Radar Altimeter
• AIS Receiver
• Combat & Security
• Intelligence, Surveillance & Reconnaissance (ISR)
• Command & Control
• Search & Rescue (SAR)
• Targeting & Guidance
• Navigation Grade
• Marine Grade
• Space Grade
• Tactical Grade
Cobham, Esterline Technologies, Garmin, Ge Aviation, Honeywell International, KVH Industries, L3 Technologies, Moog, Raytheon, Rockwell Collins,
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