Military Navigation Market to reach USD 13.4 billion by 2025 including key players Cobham, Esterline Technologies, Garmin

Military Navigation Market
A new independent 80 page research with title ‘Global Military Navigation Market Size study, by Platform (Aviation, Ammunition, Marine, Ground, Space, Unmanned Voice), by Application, by Component (Hardware, Software, Service), by Grade and by Regional Forecasts 2018-2025’ guarantees you will remain better informed than your competition.

. The study covers geographic analysis that includes regions like North America, Europe, Asia Pacific, Latin America and important players/vendors such as Cobham, Esterline Technologies, Garmin, Ge Aviation With n-number of tables and figures examining the Military Navigation, the research gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2022

 

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Global Military Navigation Market to reach USD 13.4 billion by 2025.Global Military Navigation Market valued approximately USD 8.1 billion in 2017 is anticipated to grow with a healthy growth rate of more than 6.50% over the forecast period 2017-2025.

 

Military forces worldwide are focused on the integration of navigation equipment with aircraft, ships, unmanned systems, missiles, and rockets, which is expected to drive the military navigation market. The decline in the procurement of defense equipment due to limited defense funding is acting as a key restraint to the growth of the military navigation market. Based on platform, the military navigation market has been segmented into aviation, ammunition, marine, ground, space, and unmanned vehicle. Increasing threats, advancements in technology, and futuristic conflicts have increased the need for navigation products in unmanned aircraft and defense aircraft, among other platforms. Based on application, the military navigation market has been segmented into command & control (C2); intelligence, surveillance & reconnaissance (ISR); combat & security; search & rescue (SAR); and targeting & guidance. ISR systems are designed to process specialized communications and navigation protocols from tactical and national intelligence systems. They provide access to mission critical data without clogging tactical communications networks and dramatically increase situational awareness for operators. Based on component, the market has been segmented into hardware, software, and service. The service segment is expected to witness the highest growth among all due to the upgradation and overhaul services for old fleets of various defense organizations.

 

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 The regional analysis of Global Military Navigation Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America, Europe, Asia Pacific, and Rest of the World have been considered in the regional analysis of the military navigation market. Europe is estimated to lead the military navigation market in 2018

 

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

 

By Platform:

 

                Aviation

                Ammunition

                Marine

                Ground

                Space

                Unmanned Vehicle

 

By Application:

 

                Command & Control

                Intelligence, Surveillance & Reconnaissance

                Combat & Security

                Targeting & Guidance

                Search & Rescue

 

By Component:

 

                Hardware

                Software

                Service

 

 

By Grade:

 

                Navigation Grade

                Tactical Grade

                Space Grade

                Marine Grade

 

 

By Regions:

                North America

o             U.S.

o             Canada

                Europe

o             UK

o             Germany

                Asia Pacific

o             China

o             India

o             Japan

                Latin America

o             Brazil

o             Mexico

                Rest of the World

 

Furthermore, years considered for the study are as follows:

 

Historical year – 2015, 2016

Base year – 2017

Forecast period – 2018 to 2025

 

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The industry is seeming to be fairly competitive. Some of the leading market players include Cobham, Esterline Technologies, Garmin, Ge Aviation, Honeywell International, KVH Industries, L3 Technologies, Moog, Raytheon, Rockwell Collins, Thales and so on. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.

 

Target Audience of the Global Military Navigation Market in Market Study:

 

                Key Consulting Companies & Advisors

                Large, medium-sized, and small enterprises

                Venture capitalists

                Value-Added Resellers (VARs)

                Third-party knowledge providers

                Investment bankers

                Investors

 

 

….Continued

 

 

Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

 

 

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