Global Defense Navigation Market Report 2024: Market Size, CAGR, Lucrative Segments And Top Regions

Overview and Scope
Defense navigation refers to satellite navigation, which is employed in military operations to help soldiers find their way in hostile territory as well as in night-time missions. It is used to determine the precise positioning of their troops, the relative positions of the adversary’s forces, and the locations of the latter’s infrastructure or installations.

Sizing and Forecast
The defense navigation market size has grown rapidly in recent years. It will grow from $251.51 billion in 2023 to $290.45 billion in 2024 at a compound annual growth rate (CAGR) of 15.5%.  The  growth in the historic period can be attributed to military modernization programs, global threat landscape, demand for autonomous systems, aerospace and defense budgets, cybersecurity integration.

The defense navigation market size is expected to see rapid growth in the next few years. It will grow to $495.93 billion in 2028 at a compound annual growth rate (CAGR) of 14.3%.  The growth in the forecast period can be attributed to enhanced positioning accuracy, urban warfare navigation solutions, multi-domain operations, resilience against electronic warfare, human-machine interface innovations, global navigation in denied environments. Major trends in the forecast period include gnss and inertial navigation systems, anti-jamming technologies, augmented reality (ar) in heads-up displays, miniaturization and size reduction, multi-domain navigation integration.

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Segmentation & Regional Insights
The defense navigation market covered in this report is segmented –
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

North America was the largest region in the defense navigation market in 2023. The regions covered in the defense navigation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
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. For instance, in April 2022, according to the data imparted in the Defense Budget Overview Report 2023, published by the United States Department of Defense, a US-based branch in the executive arm of the US federal government, officials planned to increase the quantity of aircraft F-15EX Eagle II, from 12 to 24 in 2023, as compared to the previous year. Therefore, the growing demand for new aircraft is driving the growth of the defense navigation market.

Key Industry Players
Major companies operating in the defense navigation market report are Cobham Limited, Danelec Marine, Esterline Technologies Corporation, Teledyne FLIR LLC, Furuno Electric Co. Ltd., Garmin Ltd., General Electric Company, Honeywell International Inc., Israel Aerospace Industries, Icom America Inc., Kongsberg Gruppen, L3 Technologies Inc., KVH Industries Inc., Moog Inc., Northrop Grumman Corporation, Curtiss-Wright Corporation, KB Navis, Lockheed Martin Corporation, Thales Group, RTX Corporation, BAE Systems plc, Safran S.A., Leonardo S.p.A., Elbit Systems Ltd., General Dynamics Corporation, Leidos Holdings Inc., Ultra Electronics Holdings plc, Saab AB, Continental AG, Denso Corporation

The defense navigation  market report table of contents includes:
1. Executive Summary

2. Defense Navigation Market Characteristics
3. Defense Navigation Market Trends And Strategies
4. Defense Navigation Market – Macro Economic Scenario
5. Global Defense Navigation Market Size and Growth

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31. Global Defense Navigation Market Competitive Benchmarking

32. Global Defense Navigation Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Defense Navigation Market
34. Defense Navigation Market Future Outlook and Potential Analysis
35. Appendix

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