Military Navigation Market 2030 Industry Trend,Latest Innovation,Business Growth with Top Key Drivers
Military Navigation Overview
Military Navigation Market Size Valued at USD 3,345 Million, market Grow at a CAGR Of 6.75% by 2022-2030
North America dominates the worldwide military navigation industry. The GPS is a satellite-based navigation system comprised of a network of 24 satellites launched into orbit by the United States Department of Defense. The government made GPS available for public usage in the 1980s, when it was originally created for military applications. The system is operational 24 hours a day, 7 days a week, in any weather, anywhere on the planet. Subscription fees and setup costs are not included in the use of GPS.Another factor that led North America to dominate the global military navigation market in 2020 due to the presence of prominent companies such as Honeywell International, Inc. and Esterline Technologies.
In 2020, Europe held a major part of the military navigation market. The United Kingdom, Russia, Germany, France, and Italy are among the countries in this region. The presence of significant market participants like as Safran (France), Cobham (UK), Garmin (Switzerland), and Thales (France), as well as a considerable number of military missile deliveries in this region, have aided the expansion of the European military navigation market. GNSS is globally spread ranging from Europe’s Galileo to the US’s NAVSTAR Global Positioning System (GPS).
Russia’s Global Orbiting Navigation Sputnikovaya Sistema (GLONASS) and China’s BeiDou Navigation Satellite System are also in race as per increased market demand. With the increase in competition companies need to maintain a disaster recovery system as well in case of system failures which are judged on Accuracy of transmitting and receiving the signal, Integrity i.e. alarming or notifying before the actual system failure or so-called threshold setting of the system, providing Continuity of functions and availability of all the other three.
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Key Players
Some of the prominent players operating in the global Military Navigation market include Cobham Plc (UK), Hertz Systems (Poland), Garmin Ltd (US), Elbit Systems Ltd (Israel), Honeywell International Inc. (US), Israel Aerospace Industries (Israel), KVH Industries, Inc.(US), Parker Hannifin Corporation (US), L3Harris Technologies, Inc. (US), Moog Inc.(US), Northrop Grumman Corporation (US), Raytheon Technologies Corporation (US), Safran (France), Thales Group (France), and Trimble Inc.(US).
Growing military spending by countries such as India, Japan and other Asia Pacific countries are projected to further drive the military navigation market in the region. Asia’s military spending has increased dramatically, according to the latest data from the Stockholm International Peace Research Institute (SIPRI). China and India are the second and third most populous countries in Asia, respectively. According to the SIPRI research, China’s military spending increased by 5.1 percent to $261 billion in 2019, while India’s defense spending increased by 6.8 percent to $71.1 billion in 2019.
Middle East & Africa military communication market is driven by the increasing demand from countries such as Saudi Arabia and Israel. The launch of low-cost mini satellites into space is being used by governments to boost communication and navigation, broadcast, and remote sensing applications. The United Arab Emirates (UAE) and Saudi Arabia (Saudi Arabia) are among the fastest-growing regions in the Middle East and Africa military navigation market.
The UAE Space Agency, for example, announced a new space investment strategy in January 2019 in which the government encouraged international investment in the country’s space sector, which, in turn, will propel the growth of the military communications infrastructure. In addition, recent steps such as the establishment of the UAE Space Agency and the enactment of a national space law would help the region’s modest satellite industry flourish. Furthermore, because of the region’s low connectivity rates, Africa is an important target market for satellite operators. Therefore, a growing focus on military navigation is projected to drive the Middle East & Africa market over the forecast duration.
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Despite the region’s weak economic growth, Latin American countries are aiming to modernize military equipment in order to bolster their military forces. Long-standing border disputes, illicit weapons, and cross-border drug trafficking are just a few of the key reasons for governments to enhance their border security defense budget where communication systems play a vital role. In order to supply missile systems, weapons, ammunition, and other military equipment to their armed forces, Latin American countries mostly purchase from domestic defense industries. The region, on the other hand, is a major importer of airplanes, helicopters, armored vehicles, navigation systems, warships, submarines, and other parts and components from countries such as the United States, Germany, and France, among others.
Covid Impact Analysis
The manufacturers and developers are companies that design military navigation that meet the quality standard and custom requirements. The manufacturing and development of military navigation systems require significant investment in research and development. The pandemic has affected the scale of imports, necessary for the growth of the market, which, in turn, has adversely affected production. Moreover, The emergence of COVID-19 had a negative impact on the consumers of global military navigation market. Owing to the decline in the raw materials imports and subsequent production of military navigation devices in the markets of North America and Europe, the military navigations witnessed a delivery backlog. In addition, countries across the world have reduced their defense spending to some extent, which, in turn, has reduced the demand for military navigation.
Segmentation
The global Military Navigation market has been segmented on type, application, platform, grade, technology, and region.
The global Military Navigation market, based on type, has been segmented into hardware, software, and services. The hardware segment is bifurcated into GPS Receiver, Anti-Jamming Devices, Internal Navigation System, Sonar, Personal Navigation System, Sense and Avoid System (SAS), Thrust Vector Control, Radar, Radar Altimeter, and AIS Receiver.
The global Military Navigation market, based on application, has been segmented into Command and Control, Intelligence, Surveillance & Reconnaissance, Targeting and Guidance, and Search and Rescue
Based on the platform the market has been bifurcated into Aviation, Marine, Ground, and Space.
On the basis of grade, the market has been segmented into Navigation Grade, Tactical Grade, Space Grade, and Marine Grade.
The global Military Navigation market, based on technology, has been segmented into GPS and Non-GPS
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