Global Military Navigation Market Set to Achieve $15.9 Million by 2027, with China's Market on a Steady Rise

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Feb 19, 2024, 23:15 ET

DUBLIN, Feb. 19, 2024 /PRNewswire/ -- The "Military Navigation: Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.

The global market for Military Navigation estimated at US$11.1 Million in the year 2020, is projected to reach a revised size of US$15.9 Million by 2027, growing at a CAGR of 5.3% over the analysis period 2020-2027.

Hardware, one of the segments analyzed in the report, is projected to record a 5.7% CAGR and reach US$8.9 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 4.9% CAGR for the next 7-year period.

The Military Navigation market in the U.S. is estimated at US$3 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$3.3 Million by the year 2027 trailing a CAGR of 8.1% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.1 Million by the year 2027.

In the global Software segment, USA, Canada, Japan, China and Europe will drive the 4.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.4 Million in the year 2020 will reach a projected size of US$1.8 Million by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 5.4% CAGR through the analysis period.

Select Competitors (Total 43 Featured) -

Cobham
Esterline Technologies Corporation
Garmin International, Inc
GE Aviation
Honeywell International, Inc
Israel Aerospace Industries Ltd
KVH Industries, Inc
LORD MicroStrain Sensing Systems
Moog, Inc
Northrop Grumman Corporation
Raytheon Company
Rockwell Collins, Inc
Safran Electronics & Defense
Thales Group
Trimble Navigation Ltd.

What's New?

Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Military Navigation - Global Key Competitors Percentage Market Share
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
- FRANCE
- GERMANY
- ITALY
- UNITED KINGDOM
- SPAIN
- RUSSIA
- REST OF EUROPE
ASIA-PACIFIC
- AUSTRALIA
- INDIA
- SOUTH KOREA
- REST OF ASIA-PACIFIC
LATIN AMERICA
- ARGENTINA
- BRAZIL
- MEXICO
- REST OF LATIN AMERICA
MIDDLE EAST
- IRAN
- ISRAEL
- SAUDI ARABIA
- UNITED ARAB EMIRATES
- REST OF MIDDLE EAST
AFRICA

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/88zfw8

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