Trending News: Military Navigation Market by Offering (Hardware, Software, Solution)

  • According to the new market research report “Military Navigation Market by Offering (Hardware, Software, Solution), by Function (Guidance, Command and Control, Positioning, Weapon Targeting, Precision Targeting, Geo-Surveying, Others), by Application (Unmanned Air and Ground Vehicles , Missile, Defense Helicopters, Defense Aircrafts, Rockets, Submarine, Others), by Region (Asia Pacific, Europe, Middle East and Africa, South America, North America) — Global Forecast (2019 to 2027)”, the global military navigation market is estimated to reach USD 14.6 Billion by 2027 at a CAGR of 6% during forecast period 2019–2027.
  • Rising geopolitical conflicts, rising defense budget of various countries, adoption of ultramodern solutions in military equipment are few factors among others, which are expected to drive the military navigation market during the forecast period.
  • However, high cost and poor accuracy of inertial navigation system are few factors among others, which are expected to challenge the growth of the market during the forecast period.
  • Rising geopolitical conflicts is expected to drive the market of military navigation as the countries are trying to sustain in this phase and are spending on the military equipment procurement notably.
  • Augmented GPS navigation is expected to rise the market in near future as the GPS-based navigation may hamper the military operations in the GPS-denied or degraded environment.
  • Poor accuracy of inertial navigation systems can hinder the growth of the market, as the system when used for longer time the navigation error increases which results in long-term poor accuracy.
  • North America
  • Asia-Pacific
  • Safran:
  • L3Harris Technologies, Inc.:

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DataBridge Market Research

DataBridge Market Research

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Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach