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Military Navigation Systems Market to reach USD 15.56 Million by 2027.

Military Navigation Systems Market size study by Component (Hardware, Software, Services), by Platform (Aviation, Marine, Ground, Space, Unmanned Vehicle), by Application (Command and Control, Intelligence, Surveillance and Reconnaissance, Combat and Security, Others ) and Regional forecasts 2021-2027.

Product Code: SASAAD_39490266
Publish Date: 18-01-2021
Page: 200

Military Navigation Systems Market is valued approximatelyUSD 10.11 million in 2020 and is anticipated to grow with a healthy growth rate of more than 6.36 % over the forecast period 2021-2027.Military navigation is a device that monitors convoy movements and aids in the rescue of wounded troops, resulting in a significant reduction in response time. The devices are used for a variety of military purposes and are crucial during night operations when there is no light.During the forecast era, the market is expected to be propelled by rising demand for high-performance navigation systems for a variety of applications in the aeronautics industry.A major factor driving the global military navigation market is the emerging adoption of artillery systemsand advanced missile systems in the military sector. For instance, in June 2019, Emcore Corporation expanded its navigation systems portfolio with introduction of EN-2000 (Emcore-Orion series of micro-inertial navigation (MINAV) systems). Demand for military navigation systems is expected to rise as the use of unmanned aerial vehicles (UAV) for surveillance, tracking, and border control grows.Another factor expected to drive global demand growth is the use of miniature warheads. The global military navigation market is expected to expand rapidly in the near future, thanks to rising military budgets and the modernization of the defence sector in emerging economies.GPS has turned space into a battlefield platform and has become an indispensable military asset.Driven by the rising geopolitical instabilities and the evolving nature of warfare, there is an increasing demand for and usage of various missiles and armaments systems.However, sensor technical errors and limited military budgets in developing countries are factors that could stifle the global military navigation market’s growth.It is still a significant technical challenge to provide a diver display system that can be clearly seen underwater in areas with extremely poor visibility and lighting. Furthermore, the high cost of military navigation is another factor that may limit global market development. Increasing missile defence systems in the military sector, however, will result in significant revenue opportunities for players in the target market.
In 2017, Europe had the largest share of the military navigation market among regions. The United Kingdom, Russia, Germany, France, and Italy are among the countries in this area. The participation of major market players such as Safran (France), Cobham (UK), Garmin (Switzerland), and Thales (France), among others (France), As a result of the large number of military missile deliveries in this area, the military navigation market in Europe has grown. During the forecast period, the Asia-Pacific region is expected to generate the most demand. Military expenditure is steadily increasing in countries such as China, India, and South Korea, among others, which is driving military equipment acquisition and modernization plans. Between 2015 and 2018, the military expenditures of China, India, Singapore, South Korea, and Pakistan increased by 22.43 percent, 21.53 percent, 16.26 percent, 14.78 percent, and 13.61 percent, respectively.
Major market player included in this report are:
Cobham Limited (UK)
Esterline Technologies (US)
Garmin Ltd. (Switzerland)
GE Aviation (US)
Honeywell International Inc. (US)
IAI (Israel)
KVH Industries, Inc. (US)
Parker Hannifin Corp (US)
L3Harris Technologies, Inc. (US)
Moog, Inc. (US)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Market Segmentation:
By Component:
By Platform:
Unmanned Vehicle
By Application:
Security and Combat
Command and Control
Intelligence, Surveillance and Reconnaissance
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Military Navigation Systems Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1.Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Million)
1.2.1. Military Navigation Systems Market, by Region, 2019-2027 (USD Million)
1.2.2. Military Navigation Systems Market, by Component,2019-2027 (USD Million)
1.2.3. Military Navigation Systems Market, by Platform,2019-2027 (USD Million)
1.2.4. Military Navigation Systems Market, by Application,2019-2027 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Military Navigation Systems Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Urgent Care CentresMarket Dynamics
3.1. Military Navigation Systems Market Impact Analysis (2019-2027)
3.1.1. Market Drivers The emerging adoption of artillery systems Use of miniature warheads
3.1.2. Market Challenges Technical error High cost of military navigation
3.1.3. Market Opportunities Increasing missile in defence system
Chapter 4. Global Military Navigation SystemsMarketIndustry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Military Navigation SystemsMarket, by Component
5.1. Market Snapshot
5.2. Global Military Navigation SystemsMarket by Component, Performance – Potential Analysis
5.3. Global Military Navigation SystemsMarket Estimates & Forecasts by Component2018-2027 (USD Million)
5.4. Military Navigation SystemsMarket, Sub Segment Analysis
5.4.1. Hardware
5.4.2. Software
5.4.3. Service
Chapter 6. Global Military Navigation SystemsMarket, byPlatform
6.1. Market Snapshot
6.2. Global Military Navigation SystemsMarket by Platform, Performance – Potential Analysis
6.3. Global Military Navigation SystemsMarket Estimates & Forecasts by Platform2018-2027 (USD Million)
6.4. Military Navigation System Market, Sub Segment Analysis
6.4.1. Ground
6.4.2. Ammunition
6.4.3. Marine
6.4.4. Space
6.4.5. Unmanned
Chapter 7. Global Military Navigation Systems Market, by Application
7.1. Market Snapshot
7.2. Global Military Navigation Systems Market by Application, Performance – Potential Analysis
7.3. Global Military Navigation Systems Market Estimates & Forecasts by Component2018-2027 (USD Million)
7.4. Military Navigation Systems Market, Sub Segment Analysis
7.4.1. Security And Combat
7.4.2. Command And Control
7.4.3. Intelligence, Surveillance and Reconnaissance Military Navigation Systems Market

Chapter 8. Global Military Navigation System Market, Regional Analysis
8.1. Military Navigation System Market, Regional Market Snapshot
8.2. North America Military Navigation System Market
8.2.1. U.S.Military Navigation System Market Componentbreakdown estimates & forecasts, 2018-2027 Platformbreakdown estimates & forecasts, 2018-2027 Application breakdown estimates & forecasts, 2018-2027
8.2.2. CanadaMilitary Navigation Systems Market
8.3. Europe Military Navigation System Market Snapshot
8.3.1. U.K. Military Navigation Systems Market
8.3.2. Germany Military Navigation Systems Market
8.3.3. France Military Navigation Systems Market
8.3.4. Spain Military Navigation Systems Market
8.3.5. Italy Military Navigation Systems Market
8.3.6. Rest of EuropeMilitary Navigation Systems Market
8.4. Asia-PacificMilitary Navigation System Market Snapshot
8.4.1. China Military Navigation Systems Market
8.4.2. India Military Navigation Systems Market
8.4.3. JapanMilitary Navigation Systems Market
8.4.4. Australia Military Navigation Systems Market
8.4.5. South Korea Military Navigation Systems Market
8.4.6. Rest of Asia PacificMilitary Navigation Systems Market
8.5. Latin America Military Navigation System Market Snapshot
8.5.1. Brazil Military Navigation Systems Market
8.5.2. Mexico Military Navigation Systems Market
8.6. Rest of The World Military Navigation Systems Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Cobham Limited Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Esterline Technologies
9.2.3. Garmin Ltd.
9.2.4. GE Aviation
9.2.5. Honeywell International Inc.
9.2.6. IAI
9.2.7. KVH, Industries
9.2.8. Parker Hennifin Corp
9.2.9. L3Harries Technologies, Inc
9.2.10. Moog.,Inc
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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