Press release
Anti Jamming Equipment Market To Witness Robust Expansion Throughout The Forecast Period (2021 - 2031)
The anti jamming equipment market has been anticipated to grow at a significant growth rate in the foreseeable years. The growth avenues in the global market are attributed to the increasing use of GPS and satellite technologies in civilian applications. In addition to this, increasing requirements of the anti-jamming solutions in order to protect the devices from jamming have also been estimated to fuel the expansion avenues in the global market during the forecast period.
In recent years, there has been a noticeable increase in the demand for GPS technology across military applications. Along with this, there are numerous developments that are taking place to improve the comprehensive GPS infrastructure. Thus, based on these factors, the global market has been projected to experience novel growth opportunities in the upcoming years. Further, increasing demand for unmanned airborne systems and vehicles along with the development of low-cost solutions for GPS anti-jamming is also serving as an important factor to boost the growth avenues in the global market.
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Anti Jamming Equipment Market - Key Drivers
The military units around the world are in constant search of novel upgraded systems in order to ensure accurate navigation with the use of GPS technology. This factor is likely to drive the demand opportunities in the anti jamming equipment market in the near future.
The rising commercial application of drones is likely to serve as a significant opportunity for the companies that are manufacturing products in the global market. Furthermore, novel and more effective techniques for GPS anti-jamming, for instance, beamforming technologies are incompatible with the old GPS receiver. The incompatibility with the older techniques has been predicted to curtail the expansion opportunities in the anti jamming equipment market in the forthcoming years.
Anti Jamming Equipment Market - Recent Developments and Key Players
The key players serving in the anti jamming equipment market have been adopting numerous strategies to develop novel growth opportunities in the near future. Mergers and acquisitions, expansion of company network, partnerships or agreements, and novel product launches are some of these market strategies to create growth impetuses. The companies are using the mergers and acquisitions in order to utilize respective strengths, for instance, capture the untapped markets, enhance company portfolio, develop novel products, distribute on network, and intense R & D activities.
For instance, BAE Systems from the UK has acquired Collins Aerospace Military Global Positioning System (GPS) in July 2020.
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Some of the key players in the anti jamming equipment market are:
Raytheon Technologies Corp.
Meteksan Defense
Hexagon
Thales Group
Israel Aerospace Industries Ltd.
L3Harris Technologies
BAE Systems
infinDome
Cobham Ltd.
Mayflower Communications
Lockheed Martin Corp.
FURUNO ELECTRIC CO., LTD.
Anti Jamming Equipment Market - Regional Assessment
The anti jamming equipment market is bifurcated into five major geographical locations such as North America, Asia Pacific, Latin America, Europe, and the Middle East & Africa. Asia Pacific is predicted to grow at a rapid pace due to the increasing number of terror attacks across the region. This factor has led the countries from the region to enhance their anti-terrorism and surveillance capabilities. Further, these countries are involved to manufacture defense aircraft that are likely to fuel the growth opportunities in the anti jamming equipment market in the coming years. In addition to this, China and India have increased the expenditures on defense that also fuel growth impetuses in the regional market. Emerging economies in the Asia Pacific region are working to expand their military services that further fuel demand opportunities in the market during the forecast period.
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About TMR Research:
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