Dublin, April 24, 2020 (GLOBE NEWSWIRE) -- The "Search, Detection, and Navigation Instruments Global Market Report 2020" report has been added to ResearchAndMarkets.com's offering.
The global search, detection, and navigation instruments market was worth $175.14 billion in 2019.
The search, detection and navigation instruments market covered in this report is segmented by type into compasses, aeronautical and space navigation instruments, nautical navigation instruments and radio navigational aid apparatus.
Search, Detection and Navigation Instruments Global Market Report 2020 from the publisher provides the strategists, marketers and senior management with the critical information they need to assess the global search, detection and navigation instruments market.
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Where is the largest and fastest growing market for the search, detection and navigation instruments? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Search, Detection and Navigation Instruments market global report from the publisher answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider search, detection and navigation instruments market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market and forecasting the future. Drivers and restraints looks at the external factors supporting and controlling the growth of the market.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers all the regions, key developed countries and major emerging markets. It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section highlights the likely future developments in the market and suggests approaches companies can take to exploit this.
- The search, detection and navigation instruments market section of the report gives context. It compares the search, detection and navigation instruments market with other segments of the search, detection and navigation instruments market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, search, detection and navigation instruments indicators comparison.
Companies in the marine industry are preferring navigation instruments incorporated with augmented reality (AR). AR is a technology that reflects the digital information in the real world. Navigation systems integrated with AR technology provide great support to the sailors in ship keeping and related operations. For instance, in 2018, Mitsui O.S.K. Lines (MOL) planned to install AR navigation systems on 21 very large crude oil carriers (VLCCs) operated by them. This navigation system will superimpose real-time video imagery and voyage information and provide support to crewmembers during their watch-keeping and ship operations visually. The benefits provided by AR technology in real time will increase the demand for instruments with such advanced technology.
The search, detection, and navigation instruments market consist of sales of search, detection and navigation instruments and related services used for searching, detecting, recording and guiding and to determine the speed, and direction to arrive at the point of destination. The search, detection, and navigation instruments refer to the instruments used by nautical navigators and pilots as tools for their trade. Some of the search, detection, and navigation instruments include aeronautical instruments, navigation and guidance systems, SONAR and RADAR systems equipment.
The search, detection, and navigation instruments market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. Asia-Pacific was the largest region in the search, detection, and navigation instruments market in 2019. Asia-Pacific region is expected to be the fastest growing region in the search, detection, and navigation instruments market in forecast period.
The increasing demand from civilian and defense aircraft manufacturing industries drove the market for search, detection and navigation instruments. The increasing demand was supported by rising disposable income, increasing air travel and military usage. Rise in working group and middle-class demography will affect the demand positively. For instance, in 2020, Airbus invested $1 billion to manufacture 63 A320 Family aircraft per month, beginning in 2021. Therefore, the increasing demand from civilian and defense aircraft manufacturing companies is expected to drive the market for search, detection and navigation instruments.
Stringent regulations on tariffs limited the growth of search, detection and navigation instruments manufacturing. Governments across the world are imposing tariffs owing to trade wars between countries, national defense or curtailment of monopoly powers, volatile oil prices and volatility in international trade. In October 2018, the World Trade Organization permitted the USA to tax European exports as much as $7.5 billion annually. As a result, the USA has imposed tariffs of 10% on imports of large civil aircraft, and industrial products among other goods from the European Union. The tariffs could raise prices for American companies importing goods and machinery thereby increasing the expenses. The increase in the import duties and taxes has a negative impact on search, detection, and navigational instruments market growth.
In January 2020, BAE systems, a British multinational defense, security and aerospace company acquired military GPS business from United Technologies for $1.93 Billion. The acquisition of GPS business from United Technologies will strengthen the professional and technical capabilities of BAE Systems to provide more comprehensive portfolio of solutions and adds new technology for BAE Systems that is compatible with industry-standard equipment and helps for the increasing product line. United Technologies is an American multinational conglomerate which operates in the fields of researches and manufacturing products in numerous areas, including aircraft engines, aerospace systems and industrial products.
Key Topics Covered:
1. Executive Summary
2. Search, Detection and Navigation instruments Market Characteristics
3. Search, Detection and Navigation instruments Market Size and Growth
3.1. Global Search, Detection and Navigation instruments Historic Market, 2015 - 2019, $ Billion
3.1.1. Drivers of the Market
3.1.2. Restraints on the Market
3.2. Global Search, Detection and Navigation instruments Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers of the Market
3.2.2. Restraints on the Market
4. Search, Detection and Navigation instruments Market Segmentation
4.1. Global Search, Detection and Navigation instruments Market, Segmentation by Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Compasses
Aeronautical and Space Navigation instruments
Nautical Navigation instruments
Radio Navigational Aid Apparatus
5. Search, Detection and Navigation instruments Market Regional and Country Analysis
5.1. Global Search, Detection and Navigation instruments Market, Split by Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Search, Detection and Navigation instruments Market, Split by Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
6. Asia-Pacific Search, Detection and Navigation instruments Market
7. China Search, Detection and Navigation instruments Market
8. India Search, Detection and Navigation instruments Market
9. Japan Search, Detection and Navigation instruments Market
10. Australia Search, Detection and Navigation instruments Market
11. Indonesia Search, Detection and Navigation instruments Market
12. South Korea Search, Detection and Navigation instruments Market
13. Western Europe Search, Detection and Navigation instruments Market
14. UK Search, Detection and Navigation instruments Market
15. Germany Search, Detection and Navigation instruments Market
16. France Search, Detection and Navigation instruments Market
17. Eastern Europe Search, Detection and Navigation instruments Market
18. Russia Search, Detection and Navigation instruments Market
19. North America Search, Detection and Navigation instruments Market
20. USA Search, Detection and Navigation instruments Market
21. South America Search, Detection and Navigation instruments Market
22. Brazil Search, Detection and Navigation instruments Market
23. Middle East Search, Detection and Navigation instruments Market
24. Africa Search, Detection and Navigation instruments Market
25. Search, Detection and Navigation instruments Market Competitive Landscape and Company Profiles
25.1. Search, Detection and Navigation instruments Market Competitive Landscape
25.2. Search, Detection and Navigation instruments Market Company Profiles
26. Key Mergers and Acquisitions in the Search, Detection and Navigation instruments Market
27. Search, Detection and Navigation instruments Market Trends and Strategies
28. Search, Detection and Navigation instruments Market Future Outlook and Potential Analysis
29. Appendix
29.1. Abbreviations
29.2. Currencies
29.3. Research inquiries
29.4. About the Publisher
29.5. Copyright and Disclaimer
Companies Mentioned
- Agilent Technologies
- BAE Systems Plc
- Boeing
- Garmin International Inc
- GE Aviation Systems
- Herman Becker Auto Systems Inc
- Honeywell International Inc
- Leonardo S.p.A
- Medtronic plc
- Moog Inc
- Northrop Grumman Corporation
- Raytheon
- Siemens Medical Solutions
- Smiths Group North America Inc
- Thales Group
- Thermo Fisher Scientific
- United Technologies Corp.
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