The search, detection, and navigation instruments global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Search, Detection, And Navigation Instruments Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The search, detection, and navigation instruments market size has grown strongly in recent years. It will grow from $308.79 billion in 2023 to $331.39 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to aviation expansion, maritime navigation, scientific and exploration endeavors, industrial and manufacturing.
The search, detection, and navigation instruments market size is expected to see strong growth in the next few years. It will grow to $431.8 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to autonomous vehicles and drones, environmental monitoring, healthcare and medical imaging, space exploration. Major trends in the forecast period include miniaturization and portability, multi-sensor integration, remote sensing and iot, non-invasive imaging, enhanced data visualization.
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Scope Of Search, Detection, And Navigation Instruments Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Search, Detection, And Navigation Instruments Market Overview
Market Drivers –
The increasing demand from civilian and defense aircraft manufacturing industries drove the search, detection, and navigation instruments market. The increasing demand was supported by rising disposable income, increasing air travel and military usage. Rise in working group and middle-class demography will affect the demand positively. For instance, In May 2021, Airbus set a production target of 45 units per month by the end of 2021 and 64 units by the second quarter of 2023.. Therefore, the increasing demand from civilian and defense aircraft manufacturing companies is expected to drive the growth of the search, detection, and navigation instruments market.
The search, detection, and navigation instruments market covered in this report is segmented –
1) By Type: Compasses, Aeronautical and Space Navigation Instruments, Nautical Navigation Instruments, Radio Navigational Aid Apparatus
2) By Technology: Radio Frequency Identification based(RFID), Cellular, Network, Bluetooth, Remote Sensing Services, Real Time Kinetic, Other Technologies
3) By Application: Marine, Aviation, Military, Other Applications
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Regional Insights –
Asia-Pacific was the largest region in the search, detection, and navigation instruments market in 2023. North America was the second-largest region in the search, detection, and navigation instruments market. The regions covered in the search, detection, and navigation instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the search, detection, and navigation instruments market include BAE Systems Plc, Leonardo S.p.A, Raytheon, Thales Group, United Technologies Corp., Agilent Technologies, Honeywell International Inc, Northrop Grumman Corporation, Moog Inc, Garmin International Inc, GE Aviation Systems, Smiths Group North America Inc, Herman Becker Auto Systems Inc, Lockheed Martin Corporation, Rockwell Collins Inc., Garmin Ltd., Trimble Inc., FLIR Systems Inc., Teledyne Technologies Inc., L3Harris Technologies Inc., Safran S.A., Cobham plc, Kratos Defense & Security Solutions Inc., Ultra Electronics Holdings plc, Curtiss-Wright Corporation, Esterline Technologies Corporation, Cubic Corporation, OSI Systems Inc., Elbit Systems Ltd., Harris Corporation, KVH Industries Inc., NovAtel Inc.
Table of Contents
- Executive Summary
- Search, Detection, And Navigation Instruments Market Characteristics
- Search, Detection, And Navigation Instruments Market Trends And Strategies
- Search, Detection, And Navigation Instruments Market – Macro Economic Scenario
- Global Search, Detection, And Navigation Instruments Market Size and Growth
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- Key Mergers And Acquisitions In The Search, Detection, And Navigation Instruments Market
- Search, Detection, And Navigation Instruments Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Search, Detection, And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Search, Detection, And Navigation Instruments Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Search, Detection, And Navigation Instruments Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
………..
Table 74: BAE Systems Plc Financial Performance
Table 75: Leonardo S.p.A Financial Performance
Table 76: Raytheon Financial Performance
Table 77: Thales Group Financial Performance
Table 78: United Technologies Corp Financial Performance
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