Global Defense Satellite-based Navigation Systems Market 2017-2021

This industry research report identifies Honeywell International, Raytheon, Rockwell Collins, Safran, and Thales Group as the key vendors in the global defense satellite-based navigation systems market. This industry research report also presents a detailed analysis of the market by application (airborne navigation systems, ground vehicle-based navigation systems, and naval vessel-based navigation systems) and by geography (the Americas, APAC, and EMEA).

Overview of the global defense satellite-based navigation systems market

Research analysis on the global defense satellite-based navigation systems market identifies that the increasing development and launches of satellites will be one of the major factors that will have a positive impact on the growth of the market. The increasing dependence on the US' Navstar, which is a network of satellites that provide GPS navigation services for military and civilians, has induced several countries to launch their own network of satellites in space. The Chinese military launched its first BeiDou satellite navigation system in 2000, which is currently operating 16 satellites that service the APAC. Such satellite launches will propel the usage of satellite-based navigation systems by the defense forces, which will subsequently drive market growth. Technavio's market research analysts predict that this market will generate a revenue of more than USD 1.6 billion by 2021.

The introduction of adaptive navigation system (ANS) will be one of the latest trends that will gain traction in the defense satellite-based navigation systems market. The use of ANS helps overcome major challenges including the need for improving IMUs that require fewer external position and alternate GPS sources for external position fixes. Additionally, it also exploits non-navigational electromagnetic signals such as commercial satellite and television and radio signals to provide additional points of reference for positioning, navigation, and timing (PNT).

Competitive landscape and key vendors

This market is highly competitive and has the presence of a few multinational and regional suppliers. The market is competitive and the vendors compete based on innovative technologies and are focusing on upgrading their existing models based on quality and reliability.

The leading vendors in the market are -

• Honeywell International
• Raytheon
• Rockwell Collins
• Safran
• Thales Group

The other prominent vendors in the market are BAE Systems, Harris, Moog, Northrop Grumman, and KVH Industries.

Segmentation by application and analysis of the defense satellite-based navigation systems market

• Airborne navigation system
• Ground vehicle-based navigation system
• Naval vessel-based navigation system

During 2016, the airborne navigation systems segment accounted for the major shares of this market. The procurement of new military aircraft and the growing preference of the governments towards upgrading the older aircraft with newer navigation systems than building new aircraft, will drive the growth prospects of the market in this segment.

Geographical segmentation and analysis of the defense satellite-based navigation systems market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the market by 2021. Countries in the region have the need to upgrade the aging fleet of military vehicles and subsystems with new navigation systems that can provide better geographical reach and enhance performance. The US Army has signed a contract worth USD 1.5 million with KVH Industries to supply tactical navigation systems for armored vehicles. Similarly, the US Air Force has also entered a navigation system contract with Raytheon to upgrade the miniature air launched decoy-jammer.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global defense satellite-based navigation systems market?
• What are the key market trends impacting the growth of the global defense satellite-based navigation systems market?
• What are the challenges to market growth?
• Who are the key vendors in the global defense satellite-based navigation systems market?
• What are the market opportunities and threats faced by the vendors in the global defense satellite-based navigation systems market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global defense satellite-based navigation systems market?

Technavio also offers customization on reports based on specific client requirement.

According to our analysts, growing investment towards military satellites is one of the promising factors influencing the growth of global defense satellite-based navigation systems market. This upcoming report on the global defense satellite-based navigation systems market offers deep insights into the aerospace and defense industry in terms of market segmentation, market share and size, forecast, and industry analysis.  

This market report on global defense satellite-based navigation systems market covers vendors Safran, BAE Systems, Rockwell Collins, Raytheon, Honeywell Aerospace, Thales Group, Northrop Grumman, Harris, and Moog to help the clients formulate effective strategies. Moreover, this report also covers geographies like the Americas, APAC, and EMEA to offer a holistic overview of the market for the projected period of 2017-2021.

Our market research team at Technavio follow a blended research methodology comprising of primary and secondary research methods and assess the market on the major trends and drivers influencing the growth for the defense segment. This report on the global defense satellite-based navigation systems market also reflects the growth of related markets like defense tactical computers market, which is expected to post an impressive CAGR of around 4% by 2021. The upcoming industry report on the global defense satellite-based navigation systems market also offers insights into fast-growing sub-segments within the aerospace and defense industry, encompassing sectors like aerospace.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.