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Global Military Navigation Market Set to Achieve $15.9 Million by 2027, with China's Market on a Steady Rise
[February 19, 2024]

Global Military Navigation Market Set to Achieve $15.9 Million by 2027, with China's Market on a Steady Rise


DUBLIN, Feb. 19, 2024 /PRNewswire/ -- The "Military Navigation: Global Strategic Business Report" has been added to  ResearchAndMarkets.com's offering.

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The global market for Military Navigation estimated at US$11.1 Million in the year 2020, is projected to reach a revised size of US$15.9 Million by 2027, growing at a CAGR of 5.3% over the analysis period 2020-2027.

Hardware, one of the segments analyzed in the report, is projected to record a 5.7% CAGR and reach US$8.9 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 4.9% CAGR for the next 7-year period.

The Military Navigation market in the U.S. is estimated at US$3 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$3.3 Million by the year 2027 trailing a CAGR of 8.1% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.1 Million by the year 2027.

In the global Software segment, USA, Canada, Japan, China and Europe will drive the 4.4% CAGR estimated for this segment. These regional markets accountig for a combined market size of US$1.4 Million in the year 2020 will reach a projected size of US$1.8 Million by the close of the analysis period.



China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 5.4% CAGR through the analysis period.

Select Competitors (Total 43 Featured) -


  • Cobham
  • Esterline Technologies Corporation
  • Garmin International, Inc
  • GE Aviation
  • Honeywell International, Inc
  • Israel Aerospace Industries Ltd
  • KVH Industries, Inc
  • LORD MicroStrain Sensing Systems
  • Moog, Inc
  • Northrop Grumman Corporation
  • Raytheon Company
  • Rockwell Collins, Inc
  • Safran Electronics & Defense
  • Thales Group
  • Trimble Navigation Ltd.

What's New?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Military Navigation - Global Key Competitors Percentage Market Share
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
    • FRANCE
    • GERMANY
    • ITALY
    • UNITED KINGDOM
    • SPAIN
    • RUSSIA
    • REST OF EUROPE
  • ASIA-PACIFIC
    • AUSTRALIA
    • INDIA
    • SOUTH KOREA
    • REST OF ASIA-PACIFIC
  • LATIN AMERICA
    • ARGENTINA
    • BRAZIL
    • MEXICO
    • REST OF LATIN AMERICA
  • MIDDLE EAST
    • IRAN
    • ISRAEL
    • SAUDI ARABIA
    • UNITED ARAB EMIRATES
    • REST OF MIDDLE EAST
  • AFRICA

IV. COMPETITION


For more information about this report visit https://www.researchandmarkets.com/r/88zfw8

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SOURCE Research and Markets


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