Press release
Defense Navigation Market: Rapid Growth, Key Players, and Emerging Trends Forecast for 2025-2029
Defense Navigation Market Size
What Is The Projected Market Size Of The Global Defense Navigation Market And Its Growth Rate?
The defense navigation market has been experiencing robust growth in recent years, with exciting prospects for the coming years:
- In 2024, the market size was $284.92 billion
- The market is predicted to grow to $328.01 billion in 2025 reflecting a CAGR of 15.1%
- The forecast for 2029 shows an impressive rise to $553.33 billion, with a CAGR of 14.0%
This growth can be linked to military modernization programs, global threat landscape, demand for autonomous systems, and cybersecurity integration. Forecasts predict further growth due to enhancements in positioning accuracy and navigation solutions for urban warfare and multi-domain operations, among others.
What Is Driving The Growth In The Defense Navigation Market?
The defense navigation market growth can be credited to the increasing demand for new aircraft. As the transport tool of choice for various sectors including defense and combat operations, aircraft rely heavily on high-quality navigation systems. This has given rise to the market for defense navigation systems. Officials from the United States Department of Defense plan to increase the number of aircraft F-15EX Eagle II from 12 to 24 in 2023, further contributing to the growth of the defense navigation market.
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Who Are the Key Players Driving Defense Navigation Market Growth?
The defense navigation market is powered by key players which include:
- Cobham Limited
- Esterline Technologies Corporation
- Teledyne FLIR LLC
- Furuno Electric Co. Ltd.
- Garmin Ltd.
- General Electric Company
- Honeywell International Inc.
- Israel Aerospace Industries
- Kongsberg Gruppen
- L3 Technologies Inc.
- KVH Industries Inc.
- Moog Inc.
- Northrop Grumman Corporation
What Are The Key Trends In The Defense Navigation Market?
Anticipated trends in the defense navigation market include:
- GNSS and inertial navigation systems
- Anti-jamming technologies
- Augmented reality in heads-up displays
- Miniaturization and size reduction
- Multi-domain navigation integration
What Are The Segments Of The Global Defense Navigation Market?
The market can be segmented into:
- Platform Type: Airborne Platform, Naval Platform, Land Platform
- 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
- Application: Ship, Boat, Autonomous Underwater Vehicle, Remotely Operated Underwater Vehicle
Which Region Leads The Defense Navigation Market?
North America held the largest share in the defense navigation market in 2024. Other regions analyzed in the defense navigation market report are Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, Africa.
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What Is Covered In The Defense Navigation Market Global Market Report?
- Market Size Analysis: Analyze the Defense Navigation Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Defense Navigation Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Defense Navigation Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Defense Navigation Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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