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Defense Navigation Market Analysis With Key Players, Applications, Trends And Forecast To 2032
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032Defense Navigation Market Size, Growth Rate, And Forecast
The global defense navigation market size is expected to grow from $217.58 billion in 2022 to $251.51 billion in 2023 at a compound annual growth rate (CAGR) of 15.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global defense navigation market size is expected to reach $434.07 billion in 2027 at a CAGR of 14.6%.
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Defense Navigation Market Drivers
Growing demand for new aircraft is expected to propel the growth of the defense navigation market going forward. An aircraft refers to a machine that is designed to be able to fly through the air, and developed for various purposes including the transport of passengers and to be used in defense and combat operations. Navigation enables aircraft to navigate user-preferred paths from waypoint one to another, even in circumstances when waypoints are independent of ground infrastructure. Hence the market for defense navigation is anticipated to develop as a result of rising demand for new aircraft.
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Defense Navigation Market Segments
1) By Platform Type: Airborne Platform, Naval Platform, Land Platform
2) By Technology: Fiber Optic Gyro Navigation System, Ring Laser Gyro Navigation System, Mechanical Navigation System, Hemispherical Resonator Gyro Navigation System, Micromechanical Systems-Based Navigation System, Other Technologies
3) By Application: Ship, Boat, Autonomous Underwater Vehicle, Remotely Operated Underwater Vehicle
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Defense Navigation Market.
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Defense Navigation Market Key Players
Major competitors in the Defense Navigation Market include Cobham Limited, DANELEC MARINE, Esterline Technologies Corporation (TransDigm Group), Teledyne FLIR LLC, Furuno Electric Co. Ltd., Garmin Ltd., General Electric Aviation, Honeywell International Inc., Israel Aerospace Industries, Icom America Inc., Kongsberg Grippe, L3 Technologies Inc., KVH Industries Inc., Moog Inc., and Northrop Grumman Corporation
The Business Research Company's "Global Defense Navigation Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Defense Navigation Market Include:
1. Executive Summary
2. Defense Navigation Market Characteristics
3. Defense Navigation Market Trends And Strategies
4. Defense Navigation Market - Macro Economic Scenario
5. Defense Navigation Market Size And Growth
.......
26. Africa Defense Navigation Market
27. Defense Navigation Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Defense Navigation Market
29. Defense Navigation Market Future Outlook and Potential Analysis
30. Appendix
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