The Global Military Navigation Market Size was valued nearly USD 8.40 billion in 2017 and is estimated to reach up to USD xx.xx billion by 2025. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 15.3% during the forecast period, i.e. 2017-2025.  The global market analysis offer the forecast of the global market opportunities, challenges, demand, key players role, recent development and its dynamics in next five years. The market report scenario is analysis competitive developments, mergers & acquisitions, new product developments, and research & development activities in the industry. The base year considered for this study is 2017 to 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.

Global Military Navigation Market Growth Opportunities (Revenue, Growth) By 2017-2025

This Global analysis offers in-depth insights, revenue details, and other vital information regarding the global military navigation market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global military navigation market report has been segmented on the basis of type, application, and region. The market segmented into different region such as North America, Europe, APAC, and RoW in terms of the growth, volume and revenue.

Scope of the Report

Platform Insights- Based on the platform, the military navigation segment is divided into Ammunition, Aviation, Ground, Marine, Unmanned Vehicle, Space and other unmanned aerial vehicles. Unmanned Vehicle is expected to grow significant at CAGR due to increasing demand form emerging economies such as India and China over the next two decades.

Application Insights- Based on the application, the military navigation segment is divided into ISR, C2, Combat & Security, Targeting & Guidance, SAR and other. Combat & security and targeting & guidance are expected to grow healthy over the forecast timeline in terms of the revenue owing to increasing demand for military navigation in the army segment to reduce threat from internal and external enemies that are factors fuel the growth over the next two decades.

Regional Insights- Based on geographical analysis, the military navigation market has been divided into North America, Europe, APAC, and RoW. In 2017, North America and Europe are held the near 50% share, due to stable manufacturing industry, new research and development and strong distribution system in overall world. APAC market is expected to boost the demand of the product owing to increasing income level of government, high budget allocation for military, adopting new technology, new research and development activates, internal and external threat are boost the market over the forecast period.

Reginal Analysis 

The global military navigation market is divided into regions that are North America - U.S, Canada, Other) (Asia-Pacific -India, Japan, China, Australia, Other) (Europe - UK, Russia, France, Brazil, Other) (Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In 2017, North America and Europe are held the near 50% share, due to stable manufacturing industry, new research and development and strong distribution system in overall world. APAC market is expected to boost the demand of the product owing to increasing income level of government, high budget allocation for military, adopting new technology, new research and development activates, internal and external threat are boost the market over the forecast period. Europe Market was valued significant growth in 2017 in terms of volume, owing to increasing capacity in manufacturer sector, new investment, high demand from other region’s countries such as India and china.

Global Military Navigation Market Size, Share Analysis By Region 2017

Key players

The major key player for military navigation market are Safran (France), Cobham (UK), Garmin (Switzerland) and Thales (France), Rockwell Collins (US), L3 Navigation (US), Raytheon, etc.

Military Navigation Market: Secondary Research

To recognize and collect authentic and market-oriented information crucial for the research study, several secondary sources have been approached and referred. Press releases, white papers, companies annual reports, investor presentations, and articles present on trustworthy websites, databases, and certified publications are some of the significant secondary research sources that have been used to prepare the report. The data collected as secondary data have been obtained from various reliable journals and associations such as Smart Ticketing Alliance, Association of Professional Social Compliance Auditors, General Service Administration, Department of Transportation, and Association for Intelligent Transport Systems to reach to the market numbers or size. The data obtained through secondary sources has been validated through primary research.

Military Navigation Market: Primary Research

For conducting primary research, several primary sources of the demand as well as supply sides have been approached and interviewed for obtaining quantitative and qualitative information crucial for the report. Vice Presidents, CEOs, technology directors, Product Managers, Marketing Directors and other executives of giant market players and organizations operating in military navigation market are included as primary sources of the supply side.

After performing comprehensive engineering of military navigation market (which includes market size estimations, calculations regarding market statistics, market forecasting, data triangulation, and market breakdown), detailed and vast primary research has been carried out to collect information along with verifying and validating the significant and critical market numbers arrived at.

Global Military Navigation Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast.

The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.