Global Military Navigation Market Research Report: Information By Component (Hardware and Service), Application (Command & Control, Intelligence, Surveillance & Reconnaissance (ISR), Combat & Security, Targeting & Guidance and Search & Rescue (SAR)), Platform (Aviation, Marine, Ground and Space), Grade (Navigation Grade, Tactical Grade, Space Grade and Marine Grade) and Region (North America, Europe, Asia-Pacific and Rest of the World) — Forecast till 2027

Market Scenario

Global Military Navigation Market is projected to grow at a CAGR of 6.31% during the forecast period from 2020 to 2026. Military navigation is used for various military purposes and is mainly crucial in absence of light in night missions. 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 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.

Market Synopsis

Global Military Navigation Market is expected to register significant growth during the forecast period owing to factors such as changing nature of warfare and rising use of UAVs in modern warfare. Furthermore, the growing demand and use of new generation air and missile defense systems is also expected to drive the growth of the market. Additionally, the increasing geopolitical instabilities is regions such as the Middle East and Asia-Pacific is also expected to drive the growth of the market.

However, issues related to technical and measurement errors in sensors and high cost of development might hamper the growth of the market.

Market USP

Technological advancements in military navigation such as weapons integrated battlefield management systems (WIBBMS), advanced inertial navigation systems, and multi-sensor data fusion are expected to drive the growth of the market.

Market Drivers

• Changing nature of warfare: There is a growing demand and use of different missiles and artillery systems due to the rising geopolitical instabilities and changing nature of warfare.


• Increasing demand for new generation air and missile defense systems


• Rising use of UAVs by the defense forces

Market Restraints

• Issues related to technical and measurement errors in sensors


• High development cost

Segmentation

By Component

• Hardware: The hardware segment dominated in the market during the review period owing to the rising demand for enhanced navigation systems that support various components such as radar, sonar, inertial navigation system, and GPS receiver. These components enable soldiers to receive accurate location information.

• Service: The segment is expected to grow at a higher CAGR during the forecast period, 2020 to 2026, owing to factors such as the requirement of maintenance training, instructor-led training (ILT), computer-based training (CBT), on-field support and maintenance & repair services for navigation equipment.

By Application

• Command & Control: The segment is expected to show significant growth rate in the market during the review period owing to the growing demand for centralized managing and governing areas to provide an early warning against enemy ships or aircraft.

• Intelligence, Surveillance & Reconnaissance (ISR): The segment is expected to dominate the market in 2019 and is expected to grow at the highest CAGR during the review period, 2020 to 2026, owing to the factors such as the increased requirement for situational awareness in military operations and rising use of geospatial intelligence.

• Combat & Security: The segment is expected to grow with the steady CAGR during the forecast period, owing to the growing demand for enhanced intelligence gathering, planning, decision making, and command and control operations is expected to drive the growth of the segment.

• Targeting & Guidance: The segment is expected to show effective growth rate during the forecast period owing to the growing adoption of targeting and guidance systems

• Search & Rescue (SAR): The segment is expected to grow with the favorable CAGR during the forecast period, owing to the factors such as the adoption of various technologies such as sonar in order to locate objects on ocean floors.

By Platform

• Aviation: The segment is expected to grow at the highest CAGR during the forecast period, 2020 to 2026, owing to factors such as the increasing military aircraft orders of combat aircraft, military helicopter and military transport aircraft is expected to drive the growth of the segment.

• Marine: The segment is expected to grow with a significant CAGR during the forecast period, 2020 to 2026, owing to factors such as the increasing incorporation of military navigation systems on shipboard for smooth flow of navigation information or data.

• Ground: The segment is expected to grow with a favorable CAGR during the forecast period, 2020 to 2026, owing to factors such as the increasing demand and use of armored vehicle to carry out combat operation.

• Space: The segment is expected to grow with a considerable CAGR during the forecast period, 2020 to 2026, owing to factors such as the increasing demand and use of satellites for mapping, positioning, and navigation.

By Region

• North America: North America dominated the global military navigation market in 2019 due to the presence of prominent companies such as Honeywell International, Inc. and Esterline Technologies.

• Europe: Increasing military modernization programs by countries such as the UK and Russia is expected to drive the market growth in the region.

• Asia-Pacific: The market in this region is projected to grow at the highest CAGR during the forecast year from 2020 to 2026. The growing defense sector in different countries such as China, Japan and India is expected to increase the demand for military navigation in the region.

• Rest of the World: Increasing incidences of drug smuggling and trafficking in different countries such as Mexico, Brazil and Africa countries are expected to increase the demand for military navigation in the region.

Key Players

• 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)

Other Prominent Players

• Northrop Grumman Corporation (US)


• Raytheon Technologies Corporation (US)


• Safran (France)


• Thales Group (France)


• Trimble Inc. (US)


• Intelsat (US)

Report Scope:

Report Attribute/Metric	Details
Market Size	Significant Value
CAGR	6.31% (2020-2027)
Base Year	2019
Forecast Period	2020-2027
Historical Data	2018
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Component, Application, Platform and Grade
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
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	Technological advancements in military navigation such as weapons integrated battlefield management systems (WIBBMS)
Key Market Drivers	Changing nature of warfare Increasing demand for new generation air and missile defense systems Rising use of UAVs by the defense forces

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