ID: MRFR/A&D/8746-CR | 168 Pages | Published By Swapnil Palwe on November 2022
Military Navigation Market Size Valued at USD 3,345 Million, market Grow at a CAGR Of 6.75% by 2022-2030
Military Navigation market was valued at USD 9,514.82 million in 2020 is estimated to register a CAGR of over 6.75% 2020-2030
Military navigation includes the capability to read maps, use a compass, and other navigational skills. It is also used to track the movements of groups in search operations and save injured soldiers, with a significant reduction of response time. Navigation systems are used for many military applications, such as land, air, and sea navigation and accurate positioning for a wide range of military applications.
Geopolitical instability and changing nature of warfare coupled with the increasing use of UAVs in the military are driving the growth of the military navigation market. However, technological issues and measurement errors in sensors are expected to restrain the market growth over the forecast duration. On the other hand, the introduction of new-generation air and missile defense systems is expected to provide a lucrative opportunity for market players over the forecast duration.
COVID-19 Impact vs Opportunities for Global Military Navigation Market:
Up to half of all European defense spending is spent by the United Kingdom, France, and Germany. Because of the economic impact of the Covid-19 issue on overall budgets, these countries are likely to slash military spending in the near future, lowering the European average. The effect will endure a long time, and their combined defense spending in 2031 will be roughly USD 25 billion, which is less than planned. Several countries and armies are ensuring that soldiers assisting municipal and state governments in their fight against COVID-19 have the most up-to-date situational awareness and communication systems. Despite a drop in global GDP, worldwide military spending increased by 2.6 percent in 2020, according to SIPRI. Nonetheless, due to the worldwide economic downturn precipitated by the epidemic, defense funding may be reduced in the near future. This may pose a threat to the market for short term.
Defense spending has risen as a result of geopolitical instability in numerous nations throughout the world. Countries like the United States and Russia, for example, spent a lot of money on submarine-launched ballistic missiles, nuclear weapons, long-range rockets, artillery systems, and other weapon systems during the Cold War era, which lasted from the 1950s through the 1990s. The number of current wars has also climbed significantly during the previous five years. The growth in defense spending is expected to drive the market in the forecasted period.
New-generation missiles with advanced technology pose a significant danger to important infrastructure and platforms including military airbases and ships. Nuclear-capable ballistic missiles and high-speed cruise missiles are among the new advances. As a result of these improvements, there is a significant need for military navigation systems, which is driving the military navigation market.
The platform that is stable for their operation, inertial navigation systems (INS) rely on the connectivity of numerous mechanical elements with varied joints. To avoid any measurement mistakes, these joints must be frictionless. The inaccuracy due to friction grows with continuing use and wear and tear of these systems, which, in turn, impedes their performance.
Value Chain Analysis
The military navigation market is growing at a steady rate and is expected to upsurge in near future. This is due to geopolitical instability and the changing nature of warfare and the increasing adoption of UAVs in the military. The value chain analysis for military navigation comprises five major components which start with the research and product development followed by manufacturing of the products, distribution, sales, and end with post-sales services.
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
The global Military Navigation market has been studied across Asia-Pacific, North America, Europe, the Middle East & Africa, and South America.
North America accounted for the largest market share in 2021. As a result of the region's governments' significant investments in national security, aerospace and defense, and other areas. Based on country, the United States has the greatest market share in the region, followed by Canada and Mexico. Furthermore, following the 9/11 attacks, the US government boosted its security, resulting in an increase in the demand for military navigation in the country.
Asia-Pacific is the fastest-growing region. 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
The global market for military navigation is projected to witness healthy growth during the forecast period, owing to geopolitical instability and the changing nature of warfare, and the growing application of UAVs in the military the global market represents strong numbers in terms of consumption.
Key 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),
Cobham PLC signed a contract with the United Kingdom Ministry of Defense (UK-MOD) to research advanced GNSS anti-jam techniques. This research contract was awarded by the Ministry of Defense’s Defence Equipment and Support (DE&S) office. In June 2021
Garmin Ltd launched handheld devices -- GPSMAP 66sr and GPSMAP 65s -- with the Indian Space Research Organisation's NavIC. In order to match the current combat operational requirements of the Indian defense forces. In July 2021
Honeywell launched two new resilient navigation systems – the Honeywell Compact Inertial Navigation System and Honeywell Radar Velocity System. These systems are designed for commercial and military customers. In November 2021
KVH Industries, Inc., unveiled TACNAV 3D tactical navigation system with the P-1775 inertial measurement unit (IMU) featuring KVH’s new photonic integrated chip (PIC) technology. On March 2021
Collins Aerospace, a part of Raytheon Technologies Corporation, unveiled the world’s first Military Underwater Navigation System with M-Code (MUNS-M), a handheld diver navigation system that provides the diver with precise position and includes secure anti-jamming capabilities during deep sea missions. On September 2020
As per MRFR, the global Military Navigation market has been growing significantly over the past few years. The global Military Navigation market has been segmented on the basis of component, application, platform, grade, technology, and region. Based on region, the military navigation market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
Objective of the Study
Scope of the Report
The scope of the global Military Navigation market study includes the market size analysis and a detailed analysis of the vendor’s products and strategies. The global Military Navigation market has been segmented on the basis component, application, platform, grade, technology, and region.
|Market Size||2030: USD 3,345 Million|
|CAGR||6.75 % CAGR|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Component, application, platform, grade, technology, and region.|
|Geographies Covered||North America, Europe, Asia-Pacific, Middle East & Africa, and South America|
|Key Vendors||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), Northrop Grumman Corporation (US), Raytheon Technologies Corporation (US), Safran (France), Thales Group (France), Trimble Inc. (US) and Intelsat (US)|
|Key Market Opportunities||• Introduction of new generation air missile defense system|
|Key Market Drivers||• Geopolitical instability and the changing nature of warfare • Growing application of UAV in military|
The hardware segment is expected to drive the market during the forecasted period.
The global Military Navigation market has been growing rapidly over the past few decades and is projected to grow, at a CAGR of 6.75% during the forecast period.
Cobham Plc (UK), Hertz Systems (Poland), and Garmin Ltd (US) are expected to be the major competitors in the Military Navigation market during the projected period.
The North America region is expected to be the largest market for Military Navigation market during the forecast period.
Issue related to technical and measurement error in sensors may slow the growth of the Military Navigation market during the forecast period.