Market Trends of Armored Vehicle Navigation Systems Industry
Inertial Navigation Systems to Exhibit the Highest Growth Rate
Major military forces worldwide are increasing their efforts to improve the situational awareness of combat vehicle units on the battlefield, leading to significant improvements in inertial navigation systems. The integration of satellite positioning systems with inertial navigation systems is propelling the growth of the global armored vehicle navigation systems market.
Investments are being made to improve the existing inertial navigation technology that can work precisely in GPS-denied zones. Inertial navigation systems are safe and accurate, unlike GPS systems prone to jamming and spoofing. Sensor technology development is at the core of inertial navigation system development. For instance, in November 2023, Kebni AB, a Sweden-based firm, was awarded an order for a test unit of Kebni SensAItion inertial navigation systems (INS) from RV Connex as part of a new industrial cooperation. The order pertains to a test unit that evaluates navigational support in advanced applications.
The increasing use of sensors is fueling the weight—and space-reduction design of armored vehicle navigation systems. Sensors and Fiber Optic Gyros (FOG) reduce the instability of inertial navigation systems and make them more reliable. Owing to their autonomous vehicle applications, FOG systems are expected to witness a high growth rate during the forecast period.
Asia-Pacific is Projected to Significant Growth During the Forecast Period
Asia-Pacific is home to major military powers, such as Japan, China, India, and South Korea, and these countries are significantly increasing their defense expenditures for the procurement and development of armored vehicles and armored vehicle navigation systems, owing to the rising border conflicts and terrorism in the region.
Procuring armored vehicles in the region has aided the demand for its navigation systems. For instance, in December 2022, the Japanese Ministry of Defense outlined a five-year plan for the procurement of Finnish company Patria's armored modular vehicles (AMVs) for the Japan Ground Self-Defense Force's (JGSDF's) wheeled armored personnel carrier (WAPC) program. The country has plans to procure 29 vehicles worth USD 176 million. Similarly, in September 2023, the Indian Ministry of Defense initiated the procurement of 170 armored recovery vehicles (ARVs) based on a tracked platform. These developments are expected to aid the market in the Asia-Pacific region.
