Pune 19 April 2023: As per the report delivered by Maximize Market Research, a global business research and consultancy firm, the total global market for “Defence Navigation Market” was USD 219.47 Bn in 2021 and is expected to grow at a CAGR of 14.56 percent over the forecast period to reach USD 651.25 Bn by 2029.
Defence Navigation Market Report Scope and Research Methodology
The report is a thorough analysis of the Defence Navigation market which is equipped with key findings including Pricing, Investments, Expansion Plans, and Physical presence in the Defence Navigation market. To understand Defence Navigation market estimations and growth rates, a bottom-up approach was used in the report. A detailed analysis is conducted on the drivers, restraints, opportunities, and challenges of the Defence Navigation market. The financial standing, portfolio, technology adoption, merger and acquisition, joint ventures and strategic alliances are included in the competitive environment for the Defence Navigation market.
Regional analysis of the market conducted at a local, regional and global level. To understand the Defence Navigation market penetration, growth models and strategies used by key players, a competitive analysis is conducted in the report. The report also provides information on the emerging regions that are expected to be major markets for the Defence Navigation market.
The report includes primary and secondary data collection techniques for the collection of data on Defence Navigation Primary collection is conducted from questionnaires and telephonic interviews with market leaders, business owners, etc., while secondary research includes financial reports, annual reports and white papers, etc. SWOT analysis is used to identify the threats and weaknesses of the market while PORTER is used to cover the competitive intensity of the industry in the Defence Navigation Market.
Defence Navigation Market Dynamics
The increasing demand for aircraft and fighter jets linked with the growing production of drones and other aircraft has been creating an adequate number of opportunities for navigation systems. Thus high demand for defense and aviation systems helps to drive the Defence Navigation Market. Defense navigation offers GPS positioning and this system plays a vital role in the operations of military equipment.
The market is driven by technological advancements in navigation systems, increasing demand for accuracy and preciseness, growing production of commercial aircraft and rising investment in aircraft production.
The market growth is expected to be restrained by the susceptibility of electronic navigation systems to cyber-attacks.
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Defence Navigation Market Regional Insights
In 2021, North America dominated the Defence Navigation Market with a 38.95 percent market share and is expected to grow at a CAGR of 11.8 percent, over the forecast period. The regional market is driven by the increasing need to upgrade the aging fleet of military vehicles and subsystems, increasing investment in research and development and long-term project. By 2021, the United States is expected to lead the North America Defense Navigation Market, accounting for USD 77.04 Bn.
In Europe, the Defence Navigation market is expected to have rapid growth during the forecast period. The research and development activities by manufacturers and increasing demand for commercial and military aircraft are the influencing factors for the regional growth of the market.
Defence Navigation Market Segmentation
By Platform Type
- Airborne platform
- Naval platform
- Land platform
By Technology
- Fiber optic gyro navigation system
- Ring laser gyro navigation system
- Mechanical navigation system
- Hemispherical resonator gyro navigation system
- Micromechanical systems-based navigation system
- Others
By Application
- Ship
- Boat
- Autonomous Underwater vehicle
- Remotely Operated Underwater Vehicle
Defence Navigation Market Key Players include:
- Cobham
- DANELEC MARINE
- Esterline Technologies Corporation (TransDigm Group)
- FLIR Systems Inc
- Furuno Electric
- Garmin
- GE Aviation
- Honeywell International Inc.
- IAI
- Icom America Inc.
- Kongsberg
- L3 Technologies
- KVH Industries, Inc.
- Moog Inc
- Northrop Grumman
- Northrop Grumman Sperry Marine B.V.
- Periskal Group
- Raytheon Anschütz
- Rockwell Collins
- Safran
- Thales
- Trimble Inc
Table of for Global Defence Navigation Market:
- Global Defence Navigation Market: Research Methodology
- Global Defence Navigation Market: Executive Summary
- Market Overview and Definitions
- Introduction to the Global Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Defence Navigation Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Defence Navigation Market Segmentation
- Global Market, by Platform Type (2021-2029)
- Global Market, by Technology (2021-2029)
- Global Market, by Application (2021-2029)
- Regional Global Defence Navigation Market(2021-2029)
- Regional Market, by Platform Type (2021-2029)
- Regional Market, by Technology (2021-2029)
- Regional Market, by Application (2021-2029)
- Regional Market, by Country (2021-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
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Key questions answered in the Defence Navigation Market are:
- What is Defence Navigation?
- What is the CAGR of the Defence Navigation Market?
- What is the expected Defence Navigation Market size during the forecast period?
- What is the scope of the Defence Navigation Market?
- What are the Key driving factors for the growth of the Defence Navigation Market?
- What are the different segments of the Defence Navigation Market?
- What growth strategies are the players considering to increase their presence in Defence Navigation Market?
- What are the growth opportunities for the Defence Navigation Market?
- What are the upcoming industry applications and trends for the Defence Navigation Market?
- What recent industry trends can be implemented to generate additional revenue streams for Defence Navigation Market?
- Which region accounted for the largest market share in Defence Navigation Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis of the Platform Type, Technology, Application and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
Maximize Market Research Aerospace and Defense research firm, has also published the following reports:
Military Navigation Market: The market size is expected to reach USD 16.62 Bn by 2029 at a CAGR of 6.4 percent during the forecast period. The market is driven by the growing adoption of military navigation systems for various military activities such as sea, air, and land navigation and an increase in the demand for artillery and missile systems.
Defense Communication System Market: The market size is expected to reach USD 114.12 Bn by 2029 at a CAGR of 10 percent during the forecast period. The market is driven by the increase in the adaptability rate for the Internet of Things (IoT) in the network of military operations and high-security concerns.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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