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Military GPS Device Market Report 2017 - Latest Growth, Current Trends and Forecast till 2025
The main objective of this report is to define, describe, and forecast the global “Military GPS Device” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Military operations mostly rely on real time data in order to carry out precision attacks, and hence the use of GPS-enabled devices is rapidly increasing. Military experiences can be enhanced by using GPS-enabled devices. Military forces are highly dependent on satellite technology for their mission critical applications such as communications and accurate positioning. Use of GPS enabled devices in the military sector is increasing significantly in order to perform mission critical operations efficiently. GPS-enabled devices provide not only tracking and navigation but also precise digital mapping. GPS systems receive information from GPS satellites and then find out the geographical position of a device. Various operations such as target acquisition, search and rescue, command and control, and many more can be done with the help of GPS systems. Several countries are planning to develop unmanned vehicles with GPS enabled devices to perform specialized tasks with high levels of efficiency and precision. These unmanned vehicles withstand dangerous situations and hazardous chemicals in war zones. GPS enabled unmanned vehicles are primarily used to protect soldiers from dangerous circumstances that can potentially harm their life. A number of nations are launching satellite navigation systems to get more precise and accurate signals. They are also introducing GPS guided missiles to overcome jamming effects. In collaboration with several defense companies, defense ministries are primarily focusing on the reduction in overall cost of installing GPS enabled devices in various military platforms.
Implementation of new technologies and an increasing range of military applications for GPS devices are expected to have a positive impact on the industry. High-tech gadgets, advanced robots, and drones are recent advancements in military technology. Increasing demand for satellite navigation and communication is one of the prime factors driving the growth of the global military GPS device market.
Integration of satellite navigation technology with other navigation systems is trending in the military sector in order to derive accurate information in a short period of time. Helicopters and other aircrafts are mostly dependent on GPS-enabled systems for precise navigation. Increasing investment in GPS enabled systems and ongoing technological advancements in various devices are anticipated to boost the market over the forecast period. However, susceptibility to spoofing and jamming attacks may hamper the growth of the global military GPS device market. Failure of receivers to connect directly to the network is another challenge that armed forces are facing. Anti-jamming GPS devices and differential global positioning systems (DGPS) are latest trending factors in the global military GPS device market.
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The global military GPS device market can be segmented by application, end users, and geography. On the basis of application, the market can be segmented into tracking, navigation, unmanned systems and others. On the basis of end users, the market can be divided into navy, marine, airborne, and land. Airborne segment is expected to dominate the market in future owing to the increasing need for real time navigation and trafficking. Geographically, the global military GPS device market can be segmented into . Military GPS-enabled devices have been adopted by the American military for accurate target tracking. The North America region is anticipated to witness significant growth due to the introduction of advanced navigation technologies that offer enhanced navigation.
There are a number of market players in the global military GPS device market. Some of the key players are BAE Systems, Rockwell Collins, Northrop Grumman, Thales, Raytheon, Harris Corporation, Lockheed Martin, Garmin, Harris, and KB Navis.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
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The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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