Dublin, Nov. 27, 2018 (GLOBE NEWSWIRE) -- The "Military Navigation Market by Platform (Ammunition, Aviation, Ground, Marine, Unmanned Vehicle, Space), Application, Component (Hardware, Software, Service), Grade & Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The military navigation market is projected to grow from USD 8.87 billion in 2018 to USD 12.07 billion by 2023, at a CAGR of 6.36% from 2018 to 2023.
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 ammunition segment dominated the military navigation market in 2017 due to the increase in demand for military navigation systems for missiles and rockets from militaries. For instance, Hydra-70 rockets can be fired from a variety of rotary and fixed-wing platforms, including the US Army's Apache, the US Marine Corps' Cobra attack helicopters, and F-16s.
Based on component, the hardware segment dominated the military navigation market in 2017. This is attributed to the increasing number of military operations, increasing investments in defense equipment, and increasing government defense budgets across the globe.
Among regions, Europe is estimated to lead the military navigation market in 2018. Countries in this region include the UK, Russia, Germany, France, and Italy, among others. The presence of some of the major market players, such as Safran (France), Cobham (UK), Garmin (Switzerland), and Thales (France), and the large number of military missiles deliveries in this region have contributed to the growth of the military navigation market in Europe.
Some of the key players in the military navigation market include
- L3 Technologies (US)
- Esterline (US)
- GE Aviation (US)
- Honeywell International (US)
- Moog (US)
- Northrop Grumman (US)
- Raytheon (US)
- Rockwell Collins (US)
- Trimble (US)
- KVH Industries (US)
- Safran (France)
- Cobham (UK)
- Garmin (Switzerland)
- Thales (France)
- IAI (Israel)
Key Topics Covered:
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Military Navigation Market
4.2 Europe Military Navigation Market, By Platform and Country
4.3 Military Navigation Market, By Application
4.4 Military Navigation Market, By Component
4.5 Military Navigation Market, By Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Demand for Missiles and Artillery Systems Due to Geopolitical Instabilities and Changing Nature of Warfare
5.2.1.2 Availability of Miniaturized Components at Affordable Prices
5.2.1.3 Increasing Preference for the Use of UAVs in Modern Warfare
5.2.1.4 Increasing Use of UAVs By Defense Forces as Loitering Munition
5.2.2 Restraints
5.2.2.1 Decline in Defense Budgets of Developed Countries
5.2.2.2 Operational Reliability Associated With High-End Inertial Navigation Sensors
5.2.3 Opportunities
5.2.3.1 Demand for New Generation Air and Missile Defense Systems
5.2.3.2 Integration of Anti-Jamming Capabilities With Navigation Systems
5.2.4 Challenges
5.2.4.1 Measurement Errors From Inertial Navigation Systems
5.2.4.2 High Cost in the Development of Military Navigation Equipment
6 Industry Trends
6.1 Introduction
6.2 Technology Trends
6.2.1 Error-Free Digital Output Through Air Data Computers
6.2.2 Weapons Integrated Battlefield Management Systems (WINBMS)
6.2.3 Micro-Electro-Mechanical Systems Ins
6.2.4 High-End Ins
6.2.4.1 Ring Laser Gyro Inertial Navigation Sensor
6.2.4.2 Fiber Optics Gyro Inertial Navigation Sensor
6.2.5 GPS-Aided Ins
6.2.6 Air Data Inertial Reference Unit (ADIRU)
6.2.7 Multi-Sensor Data Fusion for UAV Navigation
6.2.7.1 Use of Sense & Avoid Technology
6.2.8 Advanced Inertial Navigation Systems for UUV
6.3 Innovations & Patent Registrations
6.4 Analysis of Key Trends in the Military Navigation Market
7 Military Navigation Market, By Platform
7.1 Introduction
7.2 Aviation
7.2.1 Combat Aircraft
7.2.2 Military Helicopter
7.2.3 Military Transport Aircraft
7.3 Ammunition
7.3.1 Missile
7.3.2 Rockets
7.4 Marine
7.4.1 Shipboard
7.4.2 Submarine
7.5 Ground
7.5.1 Armored Vehicle
7.5.2 Man-Portable Device
7.6 Space
7.6.1 Space Launch Vehicles
7.6.2 Satellites
7.7 Unmanned Vehicle
7.7.1 Unmanned Aerial Vehicles (UAVs)
7.7.2 Unmanned Marine Vehicles (UMVs)
7.7.3 Unmanned Ground Vehicles (UGVs)
8 Military Navigation Market, By Application
8.1 Introduction
8.2 Command & Control (C2)
8.3 Intelligence, Surveillance & Reconnaissance (ISR)
8.4 Combat & Security
8.5 Targeting & Guidance
8.6 Search & Rescue (SAR)
9 Military Navigation Market, By Component
9.1 Introduction
9.2 Hardware
9.2.1 GPS Receiver
9.2.2 Inertial Navigation System
9.2.3 Anti-Jamming Device
9.2.4 Sonar
9.2.5 Personal Navigation System
9.2.6 Sense and Avoid System (SAS)
9.2.7 Thrust Vector Control
9.2.8 Radar Altimeter
9.2.9 Radar
9.2.10 Ais Receiver
9.3 Software
9.4 Service
10 Military Navigation Market, By Grade
10.1 Introduction
10.2 Navigation Grade
10.3 Tactical Grade
10.4 Space Grade
10.5 Marine Grade
11 Military Navigation Market, By Region
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.3 Europe
11.3.1 Russia
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Germany
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.2 Japan
11.4.3 India
11.4.4 Rest of Asia Pacific
11.5 Rest of the World
11.5.1 Middle East
11.5.2 Latin America & Africa
12 Competitive Landscape
12.1 Introduction
12.2 Competitive Analysis
12.3 Market Ranking Analysis
12.4 Competitive Scenario
12.4.1 Contracts
12.4.2 New Product Launches
12.4.3 Partnerships
12.4.4 Joint Ventures
12.4.5 Certifications
13 Company Profiles
13.1 Introduction
13.2 Cobham
13.3 Esterline Technologies
13.4 Garmin
13.5 Ge Aviation
13.6 Honeywell International
13.7 Israel Aerospace Industries
13.8 KVH Industries
13.9 Lord Microstrain
13.10 L3 Technologies
13.11 Moog
13.12 Northrop Grumman
13.13 Raytheon
13.14 Rockwell Collins
13.15 Safran Electronics & Defense
13.16 Thales
13.17 Trimble Navigation
For more information about this report visit https://www.researchandmarkets.com/research/b4gfrk/12_07_billion?w=12
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