Learn about the global search, detection, and navigation instruments market through The Business Research Company, which provides information on search, detection, and navigation instruments market size, search, detection, and navigation instruments market drivers and restraints, search, detection, and navigation instruments market players, the COVID-19 impact on the search, detection, and navigation instruments market, and more.

The global search, detection, and navigation instruments market size is expected to grow from $255.75 billion in 2021 to $283.44 billion in 2022 at a compound annual growth rate (CAGR) of 10.8%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The search, detection, and navigation instrument market is expected to reach $386.15 billion in 2026 at a CAGR of 8%.

The increasing demand from civilian and defense aircraft manufacturing industries drove the market for search, detection and navigation instruments.

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The search, detection, and navigation instruments market consist of sales of search, detection and navigation instruments and related services used for searching, detecting, recording and guiding and to determine the speed, and direction to arrive at the point of destination. The search, detection, and navigation instruments refer to the instruments used by nautical navigators and pilots as tools for their trade. Some of the search, detection, and navigation instruments include aeronautical instruments, navigation and guidance systems, SONAR and RADAR systems equipment.

Global Search, Detection, And Navigation Instruments Market Segments Include:
By Type: Compasses, Aeronautical and Space Navigation Instruments, Nautical Navigation Instruments, Radio Navigational Aid Apparatus

By Technology: Radio Frequency Identification Based (RFID), Cellular, Network, Bluetooth, Remote Sensing Services, Real Time Kinetic, Others

By Application: Marine, Aviation, Military, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the search, detection and navigation instruments market in 2021.

Companies in the marine industry are preferring navigation instruments incorporated with augmented reality (AR). AR is a technology that reflects the digital information in the real world. Navigation systems integrated with AR technology provide great support to the sailors in ship keeping and related operations.

TBRC’s search, detection, and navigation instruments market report covers:

Major Market Players: BAE Systems Plc, Leonardo S.p.A, Raytheon, Thales Group, United Technologies Corp., Agilent Technologies, Siemens Medical Solutions, Boeing, Thermo Fisher Scientific, and Medtronic plc.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Search, Detection, And Navigation Instruments Global Market Report 2022 –Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides search, detection, and navigation instruments market overviews, analyzes and forecasts market size, share, search, detection, and navigation instruments market players, search, detection, and navigation instruments market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s search, detection, and navigation instruments market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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