The Military Navigation Market Size was valued at USD 11.59 million in 2022 and is expected to reach USD 19.04 million by 2030 with a growing 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.
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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.
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
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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
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
| 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 |
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 Contents
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 Segmentation, by Grade
8.1 Navigation Grade
8.2 Tactical Grade
8.3 Space Grade
8.4 Marine Grade
9. Military Navigation Market Segmentation, by Application
9.1 ISR
9.2 C2
9.3 Combat & Security
9.4 Targeting & Guidance
9.5 SAR
10. Military Navigation Market Segmentation, 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 Segmentation, 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
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