Global Military GPS Device Market to grow at a CAGR of 3.69% during 2016-2020 - BAE Systems, Lockheed Martin, Northrop Grumman, Raytheon, Rockwell Collins

GPS-enabled devices render large amount of assistance to a country's armed forces on battlefields. In the modern-day scenario of combat, the need to be technically advanced and the ability to achieve precision strike with minimum self-loss are taking the center stage. This has resulted in greater use of GPS-guided devices and weapons by soldiers.

The global military GPS device market to grow at a CAGR of 3.69% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global military GPS device market for 2016-2020. To calculate the market size, the report considers the expenditure of each of the three regions (Americas, EMEA, and APAC) to acquire these military GPS devices for enhanced performance of warfighters.

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The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

Technavio's report, Global Military GPS Device Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors
- BAE Systems
- Lockheed Martin
- Northrop Grumman
- Raytheon
- Rockwell Collins

Other prominent vendors
- Garmin
- Harris
- Thales

Market driver
- Development of unmanned GPS-controlled vehicles
- For a full, detailed list, view our report

Market challenge
- Hacking of GPS devices
- For a full, detailed list, view our report

Market trend
- Anti-jamming GPS devices
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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