To get more information on Military Navigation Market - Request Free Sample Report
The Military Navigation Market Size was valued at USD 9.21 Billion in 2023 and is expected to reach USD 16.45 Billion by 2032 and grow at a CAGR of 6.95% over the forecast period 2024-2032.
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.
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
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.
Need any customization research on Military Navigation Market - Enquiry Now
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.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 9.21 Billion |
| Market Size by 2032 | US$ 16.45 Billion |
| CAGR | CAGR of 6.95% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| 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 6.95% over the forecast period 2024-2032.
The Military Navigation Market Size was valued at USD 9.21 Billion in 2023 and is expected to reach USD 16.45 Billion by 2032 and grow at a CAGR of 6.95% over the forecast period 2024-2032.
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
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.
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.
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.
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.
The Stratospheric UAV Payload Technology Market was valued at USD 3.08 billion in 2023 and is expected to reach USD 9.55 billion by 2032, growing at a CAGR of 13.39% over the forecast period of 2024-2032.
The Aerospace 3D Printing Market Size was valued at USD 3.64 billion in 2023 and is projected to grow to USD 12.11 billion by 2031, with a growing CAGR of 16.2% over the forecast period 2024-2031.
The Aircraft Filters Market Size was valued at USD 889.52 million in 2023 and is expected to reach USD 1228.23 million by 2031 and grow at a CAGR of 4.2% over the forecast period 2024-2031.
The Tactical Data Link Market Size was valued at USD 7.51 billion in 2023, expected to reach USD 13.97 billion by 2031 and grow at a CAGR of 8.05% over the forecast period 2024-2031.
The Aerospace Bearings Market Size was valued at USD 9.80 billion in 2023 and is expected to reach USD 19.8 billion by 2032 with a growing CAGR of 7.5% over the forecast period 2024-2032.
The Air-to-Air Refueling Market Size was valued at USD 691.57 million in 2023, expected to reach USD 1593.7 million by 2032 and grow at a CAGR of 9.72% over the forecast period 2024-2032.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
