The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Rising demand for new aircraft is likely to spur innovation in defence navigation production, propelling the market during the forecast period.

The global defense navigation market is expected to grow from $217.58 billion in 2022 to $251.51 billion in 2023 at a compound annual growth rate (CAGR) of 15.6%. The global defense navigation market size is expected to reach $434.07 billion in 2027 at a CAGR of 14.6%.

Get A Free Sample On The Global Defense Navigation Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10367&type=smp

Global Defense Navigation Market Segments Include:

• By Platform Type: Airborne Platform, Naval Platform, Land Platform
• 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
• By Application: Ship, Boat, Autonomous Underwater Vehicle, Remotely Operated Underwater Vehicle
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global defense navigation market in 2021.

Major Market Players in the defense navigation market include Cobham Limited, DANELEC MARINE, Esterline Technologies Corporation (TransDigm Group), Teledyne FLIR LLC, Furuno Electric Co. Ltd., Garmin Ltd., General Electric Aviation.

The development of novel navigation systems is a crucial trend that is gaining traction in the defence navigation industry. To maintain their market position, companies in the defence navigation market are focusing on the development of novel navigation systems. For example, AeroVironment, a US-based defence manufacturing business specialising in unmanned aerial vehicles, introduced a new virtual navigation system for two of its own ‘Puma’ drones in September 2022, to provide operators with a “unprecedented advantage” in GPS-contested locations. The next-generation navigation system has sensors that scan southward to collect visualisation data and detect terrain characteristics, allowing it to pinpoint the aircraft’s precise location while in flight. Furthermore, a new function allows the system to automatically switch between GPS-denied navigation mode and conventional navigation mode.

The Defense Navigation Global Market Report 2023  provides a defense navigation market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The defense navigation market forecast analyzes defense navigation market size, defense navigation market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Defence navigation refers to satellite navigation, which is used in military operations to assist soldiers in navigating hostile territory and during night missions. It is used to determine their troops’ precise positioning, the relative positions of the adversary’s forces, and the locations of the latter’s infrastructure or installations.

Explore Similar Reports From The Business Research Company:

Defense Global Market Report 2023

Navigational, Measuring, Electro Medical And Control Instruments Global Market Report 2023

Defense Support And Auxiliary Equipment Global Market Report 2023

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: