Navigation Equipment Market Size, Scope, and Growth, New Updates, business Expansion, global market, and Forcast by 2028 | | Honeywell International Inc.,Northrop Grunman,Rockwell Collins,KVH Industries

The Global "Navigation Equipment Market" Research Report offers an in-depth examination of the current trends, latest expansions, conditions, market size, various drivers, limitations, and key players along with their profile details. The Navigation Equipment Market Research Report offers the historic data for the year 2016 to 2021 and also makes available the forecast data from the year 2022 to 2028 which is based on revenue. With the help of all this information research Report helps the Market contributors to expand their Market positions. With the benefit of all these explanations, this market research Report recommends a business strategy for present market participants to strengthen their position in the market. This Report analyzes the impact of the Covid 19 pandemic on the Navigation Equipment Market from a Global and Regional perspective.

The Global Navigation Equipment Market is expected to grow with a CAGR of 9.2% from 2022 to 2028.

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Market Overview:

There is increasing adoption of navigation Equipment globally. With the advancement in technology, these systems have transformed and offered multiple services and facilities for navigating, thereby creating a considerable service ecosystem around navigation technologies. 

Other than determining the location or direction of vehicles, they have many different uses, such as they help to know the weather alerts, tracking parcels and shipments, improving the traffic flow, etc. Also, these systems are used in several advanced applications to facilitate smart spaces.​

Various GPS systems find applications across mining, aviation, surveying, agriculture, marine, and military. An increase in world trade and marine traffic growth has helped the market grow significantly in the past few years. The concerned government authorities, across the world, have made considerable investments to implement navigation systems across different industry verticals.​

For instance, the Indian Space Research Organization (ISRO) and Airports Authority of India (AAI0,) in collaboration, implemented the GPS aided geo augmented navigation system called GAGAN project as a Satellite-Based Augmentation System (SBAS), which is expected to serve several stakeholders operating in the Indian Airspace.​

Top Key Players are covered in the Navigation Equipment Market Report:

Honeywell International Inc.,Northrop Grunman,Rockwell Collins,KVH Industries,Raytheon Company,Advanced Navigation,SBG Systems,Trimble Navigation,Atlantic Inertial System

Recent Development:

Northrop Grumman has acquired 20 companies, including 2 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 14 assets.

Northrop Grumman's largest acquisition to date was in 2017, when it acquired Orbital ATK for $9.2B. It's largest disclosed sale occurred in 2020, when it sold Northrop Grumman - Federal IT & Mission Support Services Business to Peraton for $3.4B. Northrop Grumman has acquired in 7 different US states, and 4 countries. The Company's most targeted sectors include aerospace (35%) and information technology (20%).

Trimble has acquired 103 companies, including 15 in the last 5 years. A total of 9 acquisitions came from private equity firms. It has also divested 16 assets.

Trimble's largest acquisition to date was in 2018, when it acquired Viewpoint for $1.2B. It's largest disclosed sale occurred in 2017, when it sold ThingMagic to Novanta for $20M. Trimble has acquired in 25 different US states, and 15 countries. The Company's most targeted sectors include software (54%) and information technology (13%).

Market Segment Analysis:

The Navigation Equipment Market Report provides a primary review of the industry along with definitions, classifications, and enterprise chain shape. Market analysis is furnished for the worldwide markets which include improvement tendencies, hostile view evaluation, and key regions development. Development policies and plans are discussed in addition to manufacturing strategies and fee systems are also analyzed.

Navigation Equipment Market Segmentation by Types:

Automotive Navigation System

Global Positioning System

Marine Navigation System

Surgical Navigation System

Inertial Navigation System

Robotic Navigation

Navigation Equipment Market Segmentation by Applications:

Defense

Commercial

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Regional Analysis:

The region-wise coverage of the market is mentioned in the Report, mainly focusing on the regions:

North America (NA) - US, Canada, and Mexico
Europe (EU) - UK, Germany, France, Italy, Russia, Spain & Rest of Europe
Asia-Pacific (APAC) - China, India, Japan, South Korea, Australia & Rest of APAC
Latin America (LA) - Brazil, Argentina, Peru, Chile & Rest of Latin America
The Middle East and Africa (MEA) - Saudi Arabia, UAE, Israel, South Africa

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The Research covers the following objectives:

To study and analyze the Navigation Equipment consumption by key regions/countries, product type and, application, history data from 2016 to 2021, and forecast to 2028.
Focuses on the key global Navigation Equipment manufacturers, to define, describe and, analyze the sales volume, value, market share, market competition landscape, Porter's five forces analyses, SWOT analyses, and development plans in the next few years.
To analyze the Navigation Equipment with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges, and, risks).

Significant Features and Key Highlights of the Navigation Equipment Market Reports:

-An in-depth analysis of the industry

-Wide-ranging Assessment of the Parent Market.

-Key players' strategies, as well as their product offerings.

-Evolution of Key Aspects of the Market Review of Industry.

-Wide Market Segments Assessment of Market Value and Amount for Past, Present, and Forecast Year.

-Historic, existing, and predictable market size in terms of extent and worth.

-Must-have information for market players to withstand and enhance their market footprint.

-Market Share Assessment Niche Industry Subdivision

The Navigation Equipment Market Report gives answers to the following:

What is the expected growth rate of the Navigation Equipment market? What will be the market size for the forecast period?
What are the major driving forces responsible for transforming the trajectory of the industry?
Who are major vendors dominating the Navigation Equipment industry across different regions?
What are their winning strategies to stay ahead in the competition?
What are the market trends business owners can rely upon in the coming years?
What are the threats and challenges expected to restrict the progress of the industry across different countries?
What are the key opportunities that business owners can bank on for the forecast period?

Customization:

The Navigation Equipment Market Report may well be modified to meet your detailed business essentials. Because we understand what our clients want, we provide up to 20% customization for any of our Market Intelligence Data Reports at no added cost to all of our Users.

Thanks for reading this article; you can also customize this Report to get select chapters or region-wise coverage with regions such as Asia, North America, and Europe.

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