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Defense Navigation Systems Market: Global Analysis, Size, Share | Trends, Forecast 2024

Defense and Aeronautics Navigation Systems Market

Defense and Aeronautics Navigation Systems Market - Snapshot
The global defense and aeronautics navigation systems market gathers momentum from the increased penetration and growing demand of the system across the globe. A defense and aeronautics navigation system provides GPS positioning. This system is extremely vital for the operations of military equipment across the globe.
A navigation system refers to a device that comes with the ability of ascertaining one’s current position and enables the user to determine his or her destination. A GPS system is a type of navigation system that is made for a certain purpose such as a smartphone app or a handheld or a car-based device. GPS system comes with a 24-satellite navigation system that utilizes several satellite signals to figure the location of the receiver.
GPS systems find use across various applications. Some of which are as follows
  • Mining
  • Aviation
  • Agriculture
  • Marine
  • Surveying
  • Military
In addition, technological progress made in the navigation system has exerted considerable influence on the global defense and aeronautics navigation systems market. Furthermore, relentless demand for accuracy and preciseness is likely to offer lucrative opportunity for the expansion of the global defense and aeronautics navigation systems. Rise in the number of aircrafts is also expected to impact the market positively in near future.
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A defense navigation system offers GPS positioning and is an important equipment for military operations. There are various factors boosting the market for defense navigation systems such as technological advancement in navigation systems, rise in demand for accuracy, and rise in the number of aircrafts. In July 2013, India launched the IRNSS-1A to be deployed in the Indian Regional Navigation Satellite System (IRNSS) program to be completed in 2015 - 2016. In addition, China is also developing its original BeiDou satellite navigation system, which is scheduled to be operational by 2020.
The market is segmented on the basis of product type, application, technology, and geography. Based on product type, the defense navigation systems market is segmented into marine grade, navigation grade, and tactical grade among others. In 2016, the navigation grade segment had the major market share and is anticipated to retain the same during the forecast period 2016 – 2024. The major factor boosting the demand is increasing number of fighter planes, and technological advancements in navigation systems.
Based on applications, the defense navigation systems market is segmented into airborne platform, naval platform, and land platform. The naval platform market is further sub segmented into commercial marine, surface vessel, and submarines. In 2016, the naval platform market segment had the major market share and is anticipated to retain the same during the forecast period 2016 – 2024.
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Based on regions, the defense navigation systems market is segmented into North America, Europe, Asia Pacific, South America, and Middle East and Africa. North America holds the major market share followed by Europe. Some of the major factors driving the market in North America are huge military spending and rise in demand for new aircrafts. The U.S. is the key contributor to the defense navigation systems market in North America. Europe held the second major share of the market followed by Asia Pacific, Middle East and Africa, and South America. Asia Pacific is anticipated to witness the maximum CAGR among all regions during the forecast period 2016 – 2024.
Some of the important players in the defense navigation systems market include Northrop Grumman Corporation (U.S.), Honeywell International Inc. (U.S.), and L-3 Communications Holdings, Inc. (U.S.). These top players are focusing on penetrating the growing economies and are adopting several methods to boost their market share. Some of the others players are Sagem (France), Rockwell Collins (U.S.), Thales Group (France), Trimble Navigation Ltd. (U.S.), LORD MicroStrain (U.S.), VectorNav Technologies, LLC (U.S.), and Systron Donner Inertial (U.S.) among others.
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