Global Defense Navigation Market is projected to reach USD 14.61 billion by 2026 from USD XX billion in 2018, exhibiting a CAGR of XX % during 2019-2026.
Global Defense Navigation Market, By Region
Global Defense Navigation Market is segmented by Platform type, Technology, Application, and Region. In case of the platform, space segment of the Global Defense Navigation Market is projected to have maximum growth rate during the forecast period. Rising demand for earth observation, navigation services, and communication satellites is expected to drive the growth of the space segment. Space segment contains activities for monitoring the Earth's surface to obtain valuable information for mapping, mineral exploration, land-use planning, and supply management, among others. Ammunition segment dominated Global Defense Navigation Market in 2016 due to the rise in demand for Global Defense Navigation Market for missiles and rockets from militaries. For example, Hydra-70 rockets are able to fire from a variety of rotary and fixed-wing platforms, counting US Army's Apache, US Marine Corps' Cobra attack helicopters, and F-16s
By application, intelligence, surveillance, and reconnaissance segment of Global Defense Navigation Market are predicted to grow at the highest CAGR during the forecast period. The growth of the application segment can be credited to the increased requirement for situational awareness in defense acts and increasing use of geospatial intelligence. Intelligence is considered a crucial Defense capability as it acts as a force-multiplier by providing advanced situational awareness to armed forces. Surveillance & reconnaissance include designing and processing specialized communication protocols for tactical and national intelligence systems.
By regions, North-America Defense navigation market is expected to have extensive growth during the forecast period owing to the rising demand for new UAVs and aircraft. North America is considered to be 4a key region in terms of accepting Global Defense Navigation Market and services. Thus, the US being the homeland for no of aircraft navigation equipment manufacturing companies is not a coincidence.
The objective of the report is to present comprehensive Global Defense Navigation Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding Global Defense Navigation Market North America for Asia Pacific dynamics, structure by analyzing the market segments, and project the Global Defense Navigation Market North America for Asia Pacific size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Defense Navigation Market North America for Asia Pacific make the report investor’s guide.
Key players analyzed in the Global Defense Navigation Market:
• L3 Technologies
• Esterline
• GE Aviation
• Honeywell International
• Moog
• Northrop Grumman
• Rockwell Collins
• Trimble
• KVH Industries
• Safran
• Cobham
• Garmin
• Thales
• IAI
• DANELEC MARINE
• FLIR Systems, Inc.
• Kongsberg Maritime
• Northrop Grumman Sperry Marine B.V.
• FURUNO ELECTRIC CO., LTD.
• Raytheon Anschütz
• Icom America Inc.
• Periskal Group
The scope of the Global Defense Navigation Market:
Global Defense Navigation Market, By Platform Type:
• Airborne platform
• Naval platform
• Land platform
Global Defense Navigation Market, 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
Global Defense Navigation Market, By Application:
• Ship
• Boat
• Autonomous Underwater vehicle
• Remotely Operated Underwater Vehicle
Global Defense Navigation Market, By Region:
• North-America
• Europe
• Latin America
• Middle East
• Asia Pacific
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