Market Size of Military Navigation Systems Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 9.25 Billion |
| Market Size (2029) | USD 12.02 Billion |
| CAGR (2024 - 2029) | 5.37 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Military Navigation Systems Market Analysis
The Military Navigation Systems Market size is estimated at USD 9.25 billion in 2024, and is expected to reach USD 12.02 billion by 2029, growing at a CAGR of 5.37% during the forecast period (2024-2029).
The increasing military spending of the countries is supporting their governments' respective procurement plans for a wide range of products for military operations from intelligence, surveillance, and reconnaissance to combat and battlefield. Such procurement plans for manned and unmanned systems, along with precision-guided munitions, are anticipated to drive the demand for the navigation systems market in the military sector in the coming years.
The modernization plans of the armed forces to upgrade their military equipment are anticipated to further propel the sales of the navigation systems during the forecast period. The development of new navigation systems that can provide accurate positioning (even in case of GNSS jamming or spoofing), with compact size, lightweight, and low power consumption, is anticipated to help the companies in generating and bolstering the growth of the market during the forecast period.
The introduction of military navigation helped to improve the selection of weapons, delivery of supplies on the battlefield, commandership, and control, as well as guidance characteristics for an unmanned system. High-performance navigation systems for a large number of applications in the aviation sector require very specific guidance and accuracy and are increasingly in demand. These systems, which are precisely placed for a wide range of applications, are employed in many types of warfare, including air and sea navigation.
Military Navigation Systems Industry Segmentation
The study includes all the systems and sub-systems related to navigation for all military platforms, like fixed-wing and rotary-wing aircraft, for both combat and non-combat purposes. It also includes all the navigation systems on surface and underwater platforms, like destroyers, frigates, corvettes, and submarines. The study also includes all the navigation systems in land vehicles, man-portable navigational aids, and fixed base antennas, as well as in spacecraft and satellites. It also includes all the navigation systems in missiles, rockets, and other smart ammunition used in the military.
The Military Navigation Systems Market is segmented by platform, application, and geography. By platform, the market is segmented into air, land, sea, and space. By application, the market is segmented into Command & Control (C2), Intelligence, Surveillance & Reconnaissance (ISR), targeting & guidance, and search & rescue. The report also covers the market sizes and forecasts for the military navigation systems market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).
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| Air | |
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| Application | |
| Command & Control (C2) | |
| Intelligence, Surveillance & Reconnaissance (ISR) | |
| Targeting & Guidance | |
| Search & Rescue |
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Military Navigation Systems Market Size Summary
The military navigation systems market is poised for significant growth, driven by increased military spending and modernization efforts across the globe. Governments are investing heavily in procurement plans that encompass a wide array of military operations, from intelligence and surveillance to combat and battlefield applications. This surge in demand is further fueled by the need for advanced navigation systems that offer precise positioning capabilities, even in challenging environments where satellite signals may be compromised. The development of compact, lightweight, and energy-efficient navigation solutions is expected to enhance the operational capabilities of armed forces, thereby propelling market expansion during the forecast period.
The market landscape is characterized by a diverse array of players, including prominent companies such as Northrop Grumman Corporation, Safran, THALES, Honeywell International Inc., and Elbit Systems Ltd. These companies are actively expanding their product portfolios and developing innovative navigation technologies to capture a larger market share. The introduction of advanced systems, such as quantum navigation technologies and anti-jamming solutions, underscores the industry's commitment to enhancing military capabilities. Additionally, strategic contracts and collaborations, such as those involving the US Air Force and various defense departments, are anticipated to drive further growth and open new opportunities within the military navigation systems market.
Military Navigation Systems Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Platform
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2.1.1 Air
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2.1.2 Land
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2.1.3 Sea
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2.1.4 Space
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2.2 Application
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2.2.1 Command & Control (C2)
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2.2.2 Intelligence, Surveillance & Reconnaissance (ISR)
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2.2.3 Targeting & Guidance
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2.2.4 Search & Rescue
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.2 Europe
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2.3.2.1 United Kingdom
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2.3.2.2 France
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2.3.2.3 Germany
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2.3.2.4 Italy
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2.3.2.5 Russia
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 India
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2.3.3.3 Japan
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2.3.3.4 South Korea
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 Latin America
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2.3.4.1 Mexico
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2.3.4.2 Brazil
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2.3.4.3 Rest of Latin America
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2.3.5 Middle East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 United Arab Emirates
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2.3.5.3 Qatar
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2.3.5.4 Egypt
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2.3.5.5 South Africa
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2.3.5.6 Rest of Middle East and Africa
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Military Navigation Systems Market Size FAQs
How big is the Military Navigation Systems Market?
The Military Navigation Systems Market size is expected to reach USD 9.25 billion in 2024 and grow at a CAGR of 5.37% to reach USD 12.02 billion by 2029.
What is the current Military Navigation Systems Market size?
In 2024, the Military Navigation Systems Market size is expected to reach USD 9.25 billion.
