image

Report Scope & Overview:

Military Navigation Market Size was valued at USD 11.59 million in 2022, expected to reach USD 19.04 million by 2030, and grow at a CAGR of  6.41% over the forecast period 2023-2030. 

A military navigation system is used on military equipment for the purpose of roaming in enemy areas. The navigation system is designed to meet the requirements for military transport aircraft. It helps to carry out strategic or strategic military transport operations in hostile environments.

Military Navigation Market Revenue Analysis

To get more information on Military Navigation Market - Request Sample Report

The navigation system provides an efficient, flexible, and highly reliable navigation solution and guidance for various aerial systems, portable receivers, precision-guided weapons, and embedded applications. The military navigation system can be used in a variety of military deployments of power deployments, vehicle navigation, and entry support. The military navigation system offers many benefits such as military hand-held receivers, automotive aids, and GPS-enabled navigation systems for unmanned aircraft, as well as GPS-assisted aircraft navigation systems, among others. The reliability of such benefits drives the market growth of military navigation systems.

MARKET DYNAMICS:

KEY DRIVERS: 

  • Rising Demand for Missiles and Artillery Systems as a Result of Geopolitical Uncertainties and the Changing Nature of Warfare

  • Defense Forces are increasingly using unmanned aerial vehicles (UAVs) as loitering weapons.

RESTRAINTS:

  • High-End Inertial Navigation Sensors' Operational Reliability

  • Defense budget cuts in developed countries

CHALLENGES:

  • Inertial Navigation System Measurement Errors

  • High Development Costs for Military Navigation Equipment

OPPORTUNITIES:

  • New Generation Air and Missile Defense Systems are in high demand.

  • Anti-jamming capabilities are being integrated into navigation systems.

Aviation The market is predicted to increase at the fastest CAGR over the forecast period, owing to factors such as increasing military aircraft orders for combat aircraft, military helicopters, and military transport aircraft.

Marine Due to factors such as the rising installation of military navigation systems on shipboard for seamless flow of navigation information or data, the market is likely to develop at a substantial CAGR over the forecast period.

Ground Due to factors such as increased demand and the employment of armoured vehicles to carry out combat operations, the segment is likely to rise at a positive CAGR during the forecast period.

Space Due to factors such as increasing demand and the usage of satellites for mapping, positioning, and navigation, the category is likely to increase at a significant CAGR over the forecast period. The Command & Control Component is expected to reflect significant growth in the market during the period due to the growing need for central management and administrative areas to provide early warning for enemy ships or aircraft.

Intelligence, Surveillance & Reconnaissance (ISR) The segment is expected to dominate the market and is expected to grow at a very high CAGR during the review period, due to factors such as the growing need for awareness of conditions in military operations and rising geospatial use. wisdom.

The Combat & Security Sector is expected to grow with a steady CAGR during the forecast period, due to the growing need for improved intelligence collection, planning, decision-making, and command and control functionality expected to further component growth. Identification and Direction The segment is expected to reflect an effective growth rate during the forecast period due to the increasing adoption of targeting programs and guidelines.

Search & Rescue (SAR) The segment is expected to grow with a positive CAGR at the time of forecasting, due to factors such as the adoption of various sonar technologies for offshore operations. Part of the computer system was flooded during the update due to the growing demand for advanced navigation systems that support a variety of devices such as radar, sonar, inertial navigation system, and GPS receiver. These sections enable soldiers to obtain accurate local information.

Service The segment is expected to grow at a higher CAGR at the time of forecasting, due to factors such as the need for repair training, teacher-led training, computer-based training, on-the-field support and maintenance and equipment repair services.

MARKET SEGMENT:

by Grade

  • Navigation Grade

  • Tactical Grade

  • Space Grade

  • Marine Grade

by Application

  • ISR

  • C2

  • Combat & Security

  • Targeting & Guidance

  • SAR

by Platform

  • Ammunition

  • Aviation

  • Ground

  • Marine

  • Unmanned Vehicle

  • Space

by Component

  • Hardware

  • Software

  • Service

Military Navigation Market Segmentation Analysis

To Get Customized Report as per your Business Requirement - Request For Customized Report

REGIONAL ANALYSIS

In terms of revenue, the North American market dominates the global industry and is predicted to rise rapidly over the forecast period. The presence of important players in this region is a significant element driving the growth of the target market in North America. Europe's market is predicted to rise rapidly, followed by Asia Pacific, the Middle East and Africa, and Latin America. In the near future, the Europe market is expected to account for the second-highest revenue share. Another factor expected to drive worldwide market expansion over the forecast period is the increasing adoption of advanced technology in the Asia Pacific region.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

KEY PLAYERS

The Key Players are Collins Aerospace, Honeywell International Inc., Intelsat Corporation, Cobham Defence Communications, Thales Group, Raytheon Technologies, BAE Systems, Summitek Instruments, Inc., Northrop Grumman, Safran S.A. & Other Players.\

Honeywell International Inc-Company Financial Analysis

Military Navigation Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 11.59 Million
Market Size by 2030 US$ 19.04 Million
CAGR CAGR of 6.41% From 2023 to 2030
Base Year 2021
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Grade (Navigation Grade, Tactical Grade, Space Grade and Marine Grade)
• By Application (ISR, C2, Combat & Security, Targeting & Guidance, SAR)
• By Platform (Ammunition, Aviation, Ground, Marine, Unmanned Vehicle, Space)
• By Component (Hardware, Software, Service)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Collins Aerospace, Honeywell International Inc., Intelsat Corporation, Cobham Defence Communications, Thales Group, Raytheon Technologies, BAE Systems, Summitek Instruments, Inc., Northrop Grumman, Safran S.A.
DRIVERS • Rising Demand for Missiles and Artillery Systems as a Result of Geopolitical Uncertainties and the Changing Nature of Warfare
• Defense Forces are increasingly using unmanned aerial vehicles (UAVs) as loitering weapons.
RESTRAINTS • High-End Inertial Navigation Sensors' Operational Reliability
• Defense budget cuts in developed countries

Frequently Asked Questions

Yes, this report cover top down , bottom up Quantitative Research.Qualitative Research, Fundamental Research, data triangulation, ID’s & FGD’s Analytical research, And other as per report requirement.

Manufacturers/Service provider, Consultant, Association, Research institute, private and universities libraries, Suppliers and Distributors of the product. 

Rising Demand for Missiles and Artillery Systems as a Result of Geopolitical Uncertainties and the Changing Nature of Warfare

 

Military Navigation Market Size Grows at a CAGR of  6.41 % over the forecast period 2023-2030. 

 

According to SNS insiders, the global market size was USD 10.89 million in 2021 and is expected to reach USD 16.83 million by 2028

Table of Content:

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Military Navigation Market, by Grade

8.1 Navigation Grade

8.2 Tactical Grade

8.3 Space Grade

8.4 Marine Grade

9. Military Navigation Market, by Application

9.1 ISR

9.2 C2

9.3 Combat & Security

9.4 Targeting & Guidance

9.5 SAR

10. Military Navigation Market, by Platform

10.1 Ammunition

10.2 Aviation

10.3 Ground

10.4 Marine

10.5 Unmanned Vehicle

10.6 Space

11. Military Navigation Market, by Component

11.1 Hardware

11.2 Software

11.3 Service

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

13. Company Profiles

13.1 Collins Aerospace

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Honeywell International Inc.

13.3 Intelsat Corporation

13.4 Cobham Defence Communications

13.5 Safran S.A.

13.6 Thales Group

13.7 Raytheon Technologies

13.8 BAE Systems

13.9 Summitek Instruments, Inc.

13.10 Northrop Grumman

14. Competitive Landscape

14.1 Competitive Benchmarking

14.2 Market Share Analysis

14.3 Recent Developments

15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

Start a Conversation

Hi! Click one of our member below to chat on Phone