Global Military Navigation Systems Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Platform;

Air, Land, Sea, and Space.

By Application;

Command & Control (C2), Intelligence Surveillance and Reconnaissance (ISR), Targeting and Guidance, and Search & Rescue.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn343163139 Published Date: March, 2024 Updated Date: April, 2024

Introduction

Global Military Navigation Systems Market (USD Million), 2020 - 2030

In the year 2023, the Global Military Navigation Systems Market was valued at USD 3,100.20 million. The size of this market is expected to increase to USD 4,942.53 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 6.9%.

The Military Navigation Systems Market is experiencing growth driven by increasing military spending and procurement plans by governments worldwide. These plans encompass a broad spectrum of products essential for military operations, ranging from intelligence, surveillance, and reconnaissance to combat and battlefield systems. Both manned and unmanned systems, alongside precision-guided munitions, are expected to fuel demand for advanced navigation systems within the military sector over the coming years.

Armed forces modernization initiatives aimed at upgrading military equipment are further expected to boost sales of navigation systems during the forecast period. Companies are focusing on developing new navigation technologies that offer accurate positioning, even in scenarios involving GNSS (Global Navigation Satellite System) jamming or spoofing. These advanced systems are characterized by compact size, lightweight construction, and low power consumption, factors that contribute to market growth by addressing critical operational needs.

The introduction of military navigation systems has significantly enhanced weapon selection, supply delivery on the battlefield, command and control operations, and guidance capabilities for unmanned systems. High-performance navigation systems are increasingly sought after in the aviation sector, where precision and accuracy are paramount. These systems play essential roles across various warfare domains, including air and sea navigation, enabling critical operational functions and ensuring mission success in complex operational environments.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Platform
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Military Navigation Systems Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers:
        1. Technological Advancements in Navigation Systems
        2. Increasing Demand for Precision Targeting and Weapon Guidance
        3. Growing Emphasis on Situational Awareness and Command & Control (C2)
      2. Restraints:
        1. Budget Constraints and Defense Spending Cuts
        2. Regulatory and Export Control Restrictions
        3. Vulnerability to Cybersecurity Threats
      3. Opportunities:
        1. Development of Multi-Constellation Satellite Navigation Systems
        2. Integration of Augmented Reality (AR) and Virtual Reality (VR) Technologies
        3. Growth in Military Training and Simulation Applications
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Military Navigation Systems Market, By Platform, 2020 - 2030 (USD Million)
      1. Air
      2. Land
      3. Sea
      4. Space
    2. Global Military Navigation Systems Market, By Application, 2020 - 2030 (USD Million)
      1. Command & Control (C2)
      2. Intelligence Surveillance and Reconnaissance (ISR)
      3. Targeting and Guidance
      4. Search & Rescue
    3. Global Military Navigation Systems Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Northrop Grumman Corporation
      2. Safran SA
      3. Thales Group
      4. Honeywell International Inc
      5. Collins Aerospace
      6. KVH Industries Inc.
      7. CMC Electronics Inc
      8. General Electric Company
      9. Israel Aerospace Industries Ltd
      10. Raytheon Anschtz
      11. Moog Inc.
      12. DIGINEXT
  7. Analyst Views
  8. Future Outlook of the Market

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