Defense and Aeronautics Navigation Systems Market: Report, Trends, Size, Share, Analysis, Estimations And Forecasts To 2016 - 2024

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 Defense and Aeronautics Navigation Systems Market – Snapshot

The global defense and aeronautics navigation systems market gathers momentum from the increased penetration and growing demand of the system across the globe. A defense and aeronautics navigation system provides GPS positioning. This system is extremely vital for the operations of military equipment across the globe.

A navigation system refers to a device that comes with the ability of ascertaining one’s current position and enables the user to determine his or her destination. A GPS system is a type of navigation system that is made for a certain purpose such as a smartphone app or a handheld or a car-based device. GPS system comes with a 24-satellite navigation system that utilizes several satellite signals to figure the location of the receiver.

GPS systems find use across various applications. Some of which are as follows

  • Mining
  • Aviation
  • Agriculture
  • Marine
  • Surveying
  • Military

In addition, technological progress made in the navigation system has exerted considerable influence on the global defense and aeronautics navigation systems market. Furthermore, relentless demand for accuracy and preciseness is likely to offer lucrative opportunity for the expansion of the global defense and aeronautics navigation systems. Rise in the number of aircrafts is also expected to impact the market positively in near future.

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A defense navigation system offers GPS positioning and is an important equipment for military operations. There are various factors boosting the market for defense navigation systems such as technological advancement in navigation systems, rise in demand for accuracy, and rise in the number of aircrafts. In July 2013, India launched the IRNSS-1A to be deployed in the Indian Regional Navigation Satellite System (IRNSS) program to be completed in 2015 – 2016. In addition, China is also developing its original BeiDou satellite navigation system, which is scheduled to be operational by 2020.

The market is segmented on the basis of product type, application, technology, and geography. Based on product type, the defense navigation systems market is segmented into marine grade, navigation grade, and tactical grade among others. In 2016, the navigation grade segment had the major market share and is anticipated to retain the same during the forecast period 2016 – 2024. The major factor boosting the demand is increasing number of fighter planes, and technological advancements in navigation systems.

However, the global military submarines and shipbuilding industry is affected significantly due to the decline in spending in Europe and the U.S. The major factor driving the naval platform is growing demand for accuracy in navigation. The airborne platform market is further sub segmented into helicopters, military aircraft, UAV systems, weapons and missiles, astronomy, aviation services, and others. The land platform market is sub segmented into air-land battle space digitization, artillery, infantry, armored vehicles, and others.

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