Technavio has been monitoring the global military GNSS devices market and the market is poised to grow by USD 272.98 million during 2020-2024 at a CAGR of almost 3% during the forecast period. Request Free Sample Pages
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Technavio announced its latest market research report titled global military GNSS/GPS Devices market 2020-2024. (Graphic: Business Wire)
Read the 166-page research report with TOC on "Military GNSS Devices Market Analysis Report by Geography (APAC, Europe, MEA, North America, and South America), by Application (Airborne, Land, Weapon systems, and Naval), and Segment Forecasts, 2020-2024".
The market is driven by the innovations in navigation and positioning devices. In addition, the growing focus on NCW is anticipated to further boost the growth of the military GNSS devices market.
Automatic dependent surveillance-broadcast (ADS-B), a satellite-based surveillance technology is gaining traction in the market as it provides aircraft pilots graphical weather information. ADS-B-capable aircraft uses an ordinary GNSS such as IRNSS, BeiDou, Galileo, or GPS. This helps in relaying the position of the aircraft and additional information to ACT centers in real time. Such innovations in navigation and positioning devices are expected to drive market growth during the forecast period.
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Major Five Military GNSS Devices Market Companies:
BAE Systems Plc
BAE Systems Plc is headquartered in the UK and operates the business under various business segments such as Electronic Systems, Cyber & Intelligence, Platforms & Services (US), Air, and Maritime. The company offers Military GNSS/GPS devices such as NavComp GPS Receiver and Mission Computer.
Cobham Plc is headquartered in the UK and offers products through the following business units: Communications and Connectivity, Mission Systems, Advanced Electronic Solutions, and Aviation Services. The company offers Military GNSS/GPS devices such as anti-jam solutions and GPS antenna.
Elbit Systems Ltd.
Elbit Systems Ltd. is headquartered in Israel and operates under the business segment, Unified Reportable Segment. The company offers Military GNSS/GPS devices such as iSNS- Immune Satellite Navigation system.
L3Harris Technologies Inc.
L3Harris Technologies Inc. is headquartered in the US and offers products through the following business segments: Communication Systems, Electronic Systems, and Space and Intelligence Systems. The company offers Military GNSS/GPS devices such as TruNav GPS receivers, TruTrak Evolution Type II, and other components.
Lockheed Martin Corp.
Lockheed Martin Corp. is headquartered in the US and offers products through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space. The company offers GSTAR, which is an anti-jam GPS (AJ-GPS) technology.
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Military GNSS Devices Application Outlook (Revenue, USD Million, 2020-2024)
- Weapon systems
Military GNSS Devices Regional Outlook (Revenue, USD Million, 2020-2024)
- North America
- South America
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