MILITARY NAVIGATION INSTRUMENTS MARKET REPORT OVERVIEW
-
Request a Free Sample to learn more about this report
The global military navigation instruments market size was USD 9546.1 million in 2022 and the market is projected to touch USD 14787.23 million by 2032, exhibiting a CAGR of 4.5% during the forecast period.
When navigating across challenging or hazardous terrain, military navigation instruments are employed to assist troops and equipment. Military personnel employ specialized equipment and gadgets called military navigation instruments to map courses, find their position, and navigate accurately—especially in difficult or hostile conditions. With the incorporation of cutting-edge technologies for accurate and effective navigation, these devices have undergone tremendous evolution throughout time. Travel can be made safer by using their correct directional information. The market's expansion may be ascribed to the rising government investments in the creation of cutting-edge military navigation systems as well as the growing need for military navigation instruments across various applications and geographical areas.
COVID-19 Impact:Pandemic Resulted in Financial Constraints Shackled the Market Growth
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
Defence contractors and research organizations encountered issues with remote work, just as other companies. The research and development of military navigation equipment may have been delayed as a result of the possible hindrance of collaboration and development efforts. The epidemic caused economic difficulties for many nations, which resulted in budgetary restrictions on defence spending. Government spending on defence may be impacted if they place a higher priority on economic stimulus plans and necessary healthcare than on defence spending.
LATEST TRENDS
"Miniaturization and Enhanced Capabilities to Uplift the Market Share"
Military navigation devices have been trending towards miniaturization, which makes them lighter and more portable. Smaller gadgets can be incorporated into unmanned aerial vehicles (UAVs) and other small military platforms, and they are simpler for foot soldiers to carry. Military navigation instruments are adopting cutting-edge anti-jamming technologies to make sure that these systems continue to function even in the face of intentional interference, in response to the growing worry about GPS signal jamming and spoofing.
MILITARY NAVIGATION INSTRUMENTS MARKET SEGMENTATION
-
Request a Free Sample to learn more about this report
- By Type
Based on type the global market can be categorized into radar, sonar, AIS receivers, GPS receiver, anti-jamming device, inertial navigation system, radar altimeter, personal navigation system, thrust vector control, sense and avoid system(SAS) and others.
During the projected period, the worldwide military navigation instruments market is expected to be led by the radar segment based on type. Radio Detection and Ranging is shortened to Radar. This electromagnetic method uses radio waves to measure an object's distance, orientation, or closeness. Self-propelled and mounted systems are the two categories of systems that are commonly referred to as radar. Vehicle indication (VIP) radars are radars mounted on vehicles, while self-propelled radars are called mobile or moving target indication (MTI) radars. Both types of radars operate at frequencies ranging from 3 GHz to 300 GHz.
- By Application
Based on application the global market can be categorized into aviation, ammunition, marine, ground, space, unmanned vehicle and others.
The market for military navigation instruments is divided into five application categories: unmanned vehicles, aircraft, marine, ground, and space. In terms of revenue share over the forecast period, the aviation segment led the entire market. This is explained by the growing usage of inertial navigation systems and global positioning systems (GPS) in airplane operations. Moreover, demand is anticipated to be driven over the forecast period by an increase in defence investments for developing nations like China and India.
DRIVING FACTORS
"Operational Requirements to Ablaze the Market Sales"
Deserts, mountains, jungles, and polar regions are just a few of the varied and difficult locales in which military operations are sometimes conducted. For navigational devices to perform well in these diverse environments and climates, they must be durable and flexible. The creation of specialised navigation instruments suited to particular military objectives is driven by operational requirements. Precise navigation is essential for military missions, particularly tactical and strategic operations, in order to guarantee mission success and safety. exact targeting, troop movements, and overall operational success depend on navigation instruments providing exact positioning, velocity, and orientation data.
"Security Offered and Situational Awareness to Accelerate the Market Growth"
To ensure operational security, military navigation systems need to be immune to interference and jamming. Because adversaries may try to interfere with GPS signals or other navigational technology, military navigation equipment must have anti-jamming features and other dependable positioning techniques. For military troops to have situational awareness, navigational aids are essential. Having precise knowledge of one's own location as well as the positions of both friendly and enemy forces is crucial for making wise judgements in military operations.
RESTRAINING FACTOR
"Vulnerability to Cyber Attacks are Subjected to Restrained Market Growth"
Despite their great sophistication and advancement, military navigational instruments have limitations. These restrictions may have an impact on how well they work in particular contexts. Cyberattacks can target military navigation instruments that are digitally based. These systems may be interfered with, manipulated, or disabled by hackers, which could compromise military operations and result in inaccurate navigational data. Nonetheless, the main barriers to military navigation equipment market growth are ignorance, privacy issues, and the expensive cost of such equipment.
MILITARY NAVIGATION INSTRUMENTS MARKET REGIONAL INSIGHTS
-
Request a Free Sample to learn more about this report
"North America to Lead the Market with Increasing Defense Budget and Major Operating Players"
For the anticipated period of more than quarter share, North America held a dominant revenue share in the worldwide military navigation instruments market share. Numerous significant organizations with a wealth of experience in supplying military services with navigation equipment, including General Dynamics Mission Systems, Lockheed Martin Corporation, and Raytheon Company, are responsible for the rise. Furthermore, during the course of the projection period, rising defence budgets from nations like the United States and Canada, among others, are anticipated to fuel demand for these goods.
KEY INDUSTRY PLAYERS
"Key Industry Players Shaping the Market through Innovation and Market Expansion"
Significant market participants have a significant effect on the market and are essential in identifying consumer preferences and market dynamics. These large companies' extensive retail networks and online platforms give customers simple access to a wide variety of apparel options. Due to their strong global presence and well-known brand, which have also strengthened consumer confidence and loyalty, product adoption has increased. These titans of industry also provide consistent funding for research and development, enabling military navigation instruments to incorporate innovative designs, materials, and smart features in response to shifting user needs and preferences. The combined efforts of these large companies have a significant influence on the future course and degree of competition in the market.
List of Market Players Profiled
- Cobham (U.K.)
- Esterline Technologies (U.S.)
- Garmin (Switzerland)
- GE Aviation (U.S.)
- Honeywell (U.S.)
- Israel Aerospace Industries (Israel)
- KVH Industries (U.S.)
- Lord Microstrain (U.S.)
- L3 Technologies (U.S.)
- Moog (U.S.)
- Northrop Grumman (U.S.)
- Raytheon (U.S.)
- Rockwell Collins (U.S.)
- Safran Electronics & Defense (France)
- Thales (France)
- Trimble Navigation (U.S.).
INDUSTRIAL DEVELOPMENT
September 2022: The Federal Aviation Administration's Wide-Area Augmentation System (WAAS) will get upgrades in Dual Frequency Operation (DFO) and technical maintenance over a ten-year period from Raytheon Intelligence & Space. The contract is valued at USD 215 million. It is a precise navigation system that is based in space. WAAS is a Satellite-based Augmentation System (SBAS) that offers GPS corrections for first responders, the aviation industry, and other governmental organizations for crucial navigation. It guarantees that even under severe weather conditions, pilots can land safely.
REPORT COVERAGE
The report includes a thorough SWOT analysis and offers predictions for market growth in the future. It explores a broad range of market categories and possible applications that might have an impact on the market's trajectory in the upcoming years, as well as key aspects that contribute to the market's growth. The research provides a comprehensive overview of the market's components and identifies possible growth opportunities by taking into account both historical turning points and present trends.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 9546.1 Million in 2022 |
Market Size Value By |
US$ 14787.23 Million by 2032 |
Growth Rate |
CAGR of 4.5% from 2022 to 2032 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
-
What value is the military navigation instruments market expected to touch by 2032?
The global military navigation instruments market is expected to reach USD 14787.23 million by 2032.
-
What CAGR is the military navigation instruments market expected to exhibit by 2032?
The military navigation instruments market is expected to exhibit a CAGR of 4.5% by 2032.
-
Which are the driving factors of the military navigation instruments market?
Operational requirements, security offered and the situational requirements are some of the driving factors of the market.
-
What are the key military navigation instruments market segments?
The key market segmentation that you should be aware of, which include, Based on type the market is classified as radar, sonar, AIS receivers, GPS receiver, anti-jamming device, inertial navigation system, radar altimeter, personal navigation system, thrust vector control, sense and avoid system(SAS) and others. Based on application the market is classified as aviation, ammunition, marine, ground, space, unmanned vehicle and others.