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The military GNSS/GPS devices market share is expected to increase by USD 456.94 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 2.91%.
The military GNSS/GPS devices market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (airborne, land, weapon systems, and naval) and geography (North America, APAC, Europe, Middle East and Africa, and South America).
The military GNSS devices market report also offers information on several market vendors, including Accord Software and Systems Pvt. Ltd., Avidyne Corp., BAE Systems Plc, Cobham Ltd., Elbit Systems Ltd., Garmin Ltd., General Dynamics Corp., Hertz Systems Ltd. Spzoo, Hexagon AB, L3Harris Technologies Inc., Lockheed Martin Corp., LOCOSYS Technology Inc., NavtechGPS Inc., Northrop Grumman Corp., OROLIA SAS, Raytheon Technologies Corp., Safran SA, Thales Group, and Trimble Inc. among others.
BAE Systems Plc is a public company headquartered in the UK. It is a global company generating USD 26,311.17 million in revenues and has around 89,600 employees. Its revenue from the global military GNSS devices market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. The company offers military GNSS devices such as navigation and guidance solutions for airborne systems, precision-guided munitions, handheld receivers, and embedded applications.
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Technavio categorizes the global military GNSS/GPS devices market as a part of the global aerospace and defence market. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the military GNSS/GPS devices market during the forecast period.
The growing demand for unnamed platforms is notably driving the global navigation satellite system devices market growth, although factors such as technological limitations and other vulnerabilities may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Market Driver
One of the key factors driving the global military GNSS/GPS devices industry growth is the growing demand for unnamed platforms. Countries such as the US, Russia, and China, have been making significant investments in the development of sophisticated and powerful weapon systems that can cause the destruction of adversaries using cost-efficient and reliable assets. Countries and their defence contractors are increasing their R&D investments significantly in technologies such as stealth technology, also called low observable technology, to enhance their airstrike capabilities. Improvements in the operational effectiveness of UAVs necessitate the integration of advanced sensors, which enable real-time 360-degree awareness and aid operators with target acquisition and engagement tactics. The rising use of EW as a strategy is expected to increase the need for the integration of UAVs which will drive the growth of the market during the forecast period.
Key Market Trend
Focus on NCW is one of the key market trends that is expected to impact the industry positively in the forecast period. The advent of NCW is reducing the cycle time of information gathering, analysis, and decision-making. The focus of NCW is the assimilation of minimum information that needs to be exchanged. By transforming traditional linear command structures and linking sensors, command posts, unmanned vehicles, and ground troops, militaries are harnessing network technology to gain operational advantage. GNSS is required for the effective performance of NCW. As GNSS and GPS are extensively used across the world, the loss of GNSS/GPS capability will have major effects on the warfighting capability of combat forces. Hence, GNSS and GPS are a major part of NCW. This is expected to have a high impact on the market in the forecast years.
Key Market Challenge
One of the key challenges to the global military GNSS/GPS devices industry growth is the technological limitations and other vulnerabilities. Satellites, with the aid of onboard sensors, must be able to point accurately at locations on the ground for an adequate period of time to capture useful readings. Technological advances have enabled the formation of constellations of geo-location satellites with automated trajectory correction to maintain on-orbit formations. However, attitude control and pointing stability are more challenging with smaller satellites than large satellites, owing to the lack of inertia of platforms. Military platforms that are embedded with GNSS/GPS devices are deployed in diverse regions, including deep canyons, underground tunnels, and harsh environmental conditions. In such environments, on most occasions, GNSS/GPS devices do not receive strong signals, which can affect military operations. This can hamper the growth of the market during the forecast period.
This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Our In-house experts produce extensive information on the value chain and parent market of the military GNSS/GPS devices market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.
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45% of the market's growth will originate from North America during the forecast period. The US is the key market for military GNSS/GPS devices in North America. Market growth in this region will be faster than the growth of the market in other regions.
The need to ensure national security and sustain military dominance is increasing the need for GNSS/GPS devices, which will facilitate market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, owing to the negative impact of COVID-19, lockdown measures have been implemented across various countries in North America, which, in turn, resulted in temporary closures of production units of several associated industries in the regional market 2020. However, lockdown restrictions were lifted in a large number of countries in the region in 2021 as a consequence of wide-scale vaccination drives across the region. It allowed the resumption of productional and operational activities across the associated industries in 2021. As a result, demand for military GNSS/GPS devices in North America is expected to fuel, which in turn will drive the growth of the market in focus in this region throughout the forecasted period.
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The military global navigation satellite system or GPS devices market share growth by the airborne segment will be significant during the forecast period. The integration of GNSS/GPS devices has enabled the accurate and continuous determination of positions. Military GNSS/GPS devices are used in airborne units. They provide situational awareness during the transportation and supervision of drop zones during the night. The increasing adoption of UAVs by armed forces across the world is expected to drive the growth of the segment during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the military GNSS/GPS devices market size and actionable market insights on the post-COVID-19 impact on each segment.
Military GNSS/GPS Devices Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2.91% |
Market growth 2022-2026 |
$ 456.94 million |
Market structure |
Fragmented |
YoY growth (%) |
2.37 |
Regional analysis |
North America, APAC, Europe, Middle East and Africa, and South America |
Performing market contribution |
North America at 45% |
Key consumer countries |
US, China, India, Russia, and France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Accord Software and Systems Pvt. Ltd., Avidyne Corp., BAE Systems Plc, Cobham Ltd., Elbit Systems Ltd., Garmin Ltd., General Dynamics Corp., Hertz Systems Ltd. Spzoo, Hexagon AB, L3Harris Technologies Inc., Lockheed Martin Corp., LOCOSYS Technology Inc., NavtechGPS Inc., Northrop Grumman Corp., OROLIA SAS, Raytheon Technologies Corp., Safran SA, Thales Group, and Trimble Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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