This report provides exclusive insights into the COVID-19 impact on the Military GNSS Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Military GNSS Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Military GNSS Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
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.
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
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.
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
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.
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.