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Defense and Aeronautics Navigation Systems Market 2020 Statistics Report With Covid-19 Effects On Industry By 2026 | Sagem (France), Rockwell Collins (U.S.), Thales Group (France), Lord Microstrain (U.S.)

06-05-2020 05:02 PM CET | IT, New Media & Software

Press release from: Transparecy Market Research

Defense and Aeronautics Navigation Systems Market 2020

Defense and Aeronautics Navigation Systems Market – Snapshot

The global defense and aeronautics navigation systems market gathers momentum from the increased penetration and growing demand of the system across the globe. A defense and aeronautics navigation system provides GPS positioning. This system is extremely vital for the operations of military equipment across the globe.

A navigation system refers to a device that comes with the ability of ascertaining one’s current position and enables the user to determine his or her destination. A GPS system is a type of navigation system that is made for a certain purpose such as a smartphone app or a handheld or a car-based device. GPS system comes with a 24-satellite navigation system that utilizes several satellite signals to figure the location of the receiver.

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GPS systems find use across various applications. Some of which are as follows

Mining
Aviation
Agriculture
Marine
Surveying
Military
In addition, technological progress made in the navigation system has exerted considerable influence on the global defense and aeronautics navigation systems market. Furthermore, relentless demand for accuracy and preciseness is likely to offer lucrative opportunity for the expansion of the global defense and aeronautics navigation systems. Rise in the number of aircrafts is also expected to impact the market positively in near future.

A defense navigation system offers GPS positioning and is an important equipment for military operations. There are various factors boosting the market for defense navigation systems such as technological advancement in navigation systems, rise in demand for accuracy, and rise in the number of aircrafts. In July 2013, India launched the IRNSS-1A to be deployed in the Indian Regional Navigation Satellite System (IRNSS) program to be completed in 2015 – 2016. In addition, China is also developing its original BeiDou satellite navigation system, which is scheduled to be operational by 2020.

The market is segmented on the basis of product type, application, technology, and geography. Based on product type, the defense navigation systems market is segmented into marine grade, navigation grade, and tactical grade among others. In 2016, the navigation grade segment had the major market share and is anticipated to retain the same during the forecast period 2016 – 2024. The major factor boosting the demand is increasing number of fighter planes, and technological advancements in navigation systems.

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Based on applications, the defense navigation systems market is segmented into airborne platform, naval platform, and land platform. The naval platform market is further sub segmented into commercial marine, surface vessel, and submarines. In 2016, the naval platform market segment had the major market share and is anticipated to retain the same during the forecast period 2016 – 2024. However, the global military submarines and shipbuilding industry is affected significantly due to the decline in spending in Europe and the U.S. The major factor driving the naval platform is growing demand for accuracy in navigation. The airborne platform market is further sub segmented into helicopters, military aircraft, UAV systems, weapons and missiles, astronomy, aviation services, and others. The land platform market is sub segmented into air-land battle space digitization, artillery, infantry, armored vehicles, and others.

Based on technology, the defense navigation systems market is segmented into fiber optic gyro navigation system, ring laser gyro navigation system, mechanical navigation system, hemispherical resonator gyro navigation system, micro mechanical systems based navigation system, and others. In 2016, the fiber optic gyro navigation system segment dominated the market and is anticipated to do so during the forecast period 2016 – 2024. Vibrating gyroscope technology segment is anticipated to rise at the maximum CAGR during the forecast period 2016 – 2024. The major factor boosting the growth of the market is its ability to provide low noise navigation and exact altitude in risky weather conditions.

Based on regions, the defense navigation systems market is segmented into North America, Europe, Asia Pacific, South America, and Middle East and Africa. North America holds the major market share followed by Europe. Some of the major factors driving the market in North America are huge military spending and rise in demand for new aircrafts. The U.S. is the key contributor to the defense navigation systems market in North America. Europe held the second major share of the market followed by Asia Pacific, Middle East and Africa, and South America. Asia Pacific is anticipated to witness the maximum CAGR among all regions during the forecast period 2016 – 2024.

Some of the important players in the defense navigation systems market include Northrop Grumman Corporation (U.S.), Honeywell International Inc. (U.S.), and L-3 Communications Holdings, Inc. (U.S.). These top players are focusing on penetrating the growing economies and are adopting several methods to boost their market share. Some of the others players are Sagem (France), Rockwell Collins (U.S.), Thales Group (France), Trimble Navigation Ltd. (U.S.), LORD MicroStrain (U.S.), VectorNav Technologies, LLC (U.S.), and Systron Donner Inertial (U.S.) among others.

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.

Customization of the Report: This report can be customized as per your needs for additional data or countries. – https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=21479

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
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.

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Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com/

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights to thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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