Military GNSS Market (Type - GPS, GLONASS, Compass, and Other Types; Applications - Target Tracking, Navigation, Search and Rescue, Nuclear Detonation Detectors, Asset Tracking, Unmanned Systems, and Other Applications): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : January, 2020

  • Rep Id : AT00171

  • Category : Automotive, Aerospace & Defence

  • Status : Published

A recent report published by Infinium Global Research on the military GNSS market provides an in-depth analysis of segments and sub-segments in the global as well as regional military GNSS market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional military GNSS market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global military GNSS market. According to the report, the global military GNSS market is projected to grow at a healthy CAGR over the forecast period of 2019-2025.

 

Market Insight

GNSS technology addresses the needs of Navigation Warfare such as electronic support, electronic protection, and electronic attack. It ensures continuous positioning in interference and jamming. The new techniques offer users the ability to detect, locate, and characterize interference sources. Growing innovation and integration in military activities are proliferating GNSS apps.

 

Nowadays, several countries are predominantly focusing on strengthening their defense force. Benefits of GNSS are military precision-guided munitions, precise time reference, mobile satellite communications, emergency, and location-based services, and others. This has led to the rising importance of secured GNSS enabled military operations. GPS is the oldest GNSS system. The use of global navigation satellite technology (GNSS) in different applications and guided munitions contributes to the growth of the military GNSS market. In addition, increasing demand for accurate real-time data drives the demand for the military GNSS. The integration of satellite navigation technology with other navigation systems promotes the growth of the military GNSS market. Modernization of existing GNSS led to the growth of the military GNSS market. In addition, improvement in situational awareness is one of the causes leading to the expansion of the military GNSS market. On the flip side, technological limitations and defense budget cuts hamper the growth of the military GNSS market. Moreover, growing network-centric warfare creates several growth opportunities for the military GNSS market.

 

North America is expected to hold a premium share in the global military GNSS market. The early adoption of military GNSS systems in the United States contributed heavily to the growth of the military GNSS market in North America. Asia-Pacific region is expected to grow with a healthy CAGR over the forecast period. The rising defense investment and increasing territorial disputes in the Asia-Pacific region stimulate the development of the military GNSS market in Asia-Pacific. Europe is anticipated to have significant growth in the global military GNSS market owing to the fast evolution of satellite navigation technology and the adoption of GNSS applications in Europe augment the expansion of the military GNSS market in Europe. 

 

Segment Covered

The report on the global military GNSS market covers segments such as type and applications. On the basis of type, the sub-markets include GPS, GLONASS, compass, and other types. On the basis of applications, the sub-markets include target tracking, navigation, search and rescue, nuclear detonation detectors, asset tracking, unmanned systems, and other applications.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Thales Group, Rockwell Collins Inc., BAE Systems plc, Avidyne Corporation, Raytheon Co., Trimble Navigation Ltd., Sarantel Group PLC, Lockheed Martin Corporation, Boeing Defense, Space & Security, and other companies.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of military GNSS market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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