Airborne Unit Continues to Dominate the Global Military GPS Device Market with Over 40% Market Share: Technavio
December 02 2016 - 1:43PM
Business Wire
According to the latest market study released by
Technavio, the global military global positioning system
(GPS) device market is expected to grow at a CAGR of close to
4% during the forecast period.
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Technavio publishes a new market research
report on the global military GPS device market from 2016-2020.
(Photo: Business Wire)
This research report titled ‘Global Military Global
Positioning System Device Market 2016-2020’ provides an
in-depth analysis of the market in terms of revenue and emerging
market trends. This market research report also includes up to date
analysis and forecasts for various market segments and all
geographical regions.
“GPS technology is being progressively applied in diverse
military applications. With advancements in communications systems
between the controller and weapon systems or planes via GPS, the
global military global positioning system device market is likely
to witness stable growth over the coming years,” says Moutushi
Saha, a lead defense research analyst at Technavio.
Request a sample report:
http://www.technavio.com/request-a-sample?report=54727
Technavio’s sample reports are free of charge and contain
multiple sections of the report including the market size and
forecast, drivers, challenges, trends, and more.
Based on application, the report categorizes the global military
GPS device market into the following segments:
- Airborne
- Land
- Naval
- Weapon systems
Global airborne military GPS device market
The global airborne military GPS device market was valued at USD
558.7 million in 2015 with a market share of more than 44%.
In airborne units, GPS technology helps in providing improved
situational awareness during transportation and supervision to the
drop zone during the night. The technology also assists during
extreme weather operations via military grade SAASM devices. In the
case of JPADS, GPS guidance receivers help in providing navigation
and steering commands to guide the payload to its drop zone. Also,
in military free fall techniques, high altitude low opening (HALO)
or high altitude high opening (HAHO) GPS retransmission devices are
used to provide signals to handheld GPS (DAGR).
Global land-based military GPS device market
According to Moutushi, “Land-based GPS devices like radio and
DAGRs are the oldest GPS devices that are in use by military
officials. Gradually, the technology was implemented on ground
vehicles, including both manned and unmanned vehicles that were
used in the warfield. Unmanned vehicles depend heavily on
GPS-enabled devices because of the absence of driver to command the
direction.”
The global land military GPS device market was valued at USD
324.3 million in 2015 with a market share of 25.84%. With the
deployment of a large number of soldiers across the borders, the
need to equip them with tankers, infantry fighting vehicles, and
armored personnel carriers is also increasing.
Global naval-based military GPS device market
The global naval-based military GPS device market was valued at
USD 147.6 million in 2015 with a market share of 11.76%. With a
greater need for precision positioning and navigation in waters,
the naval-based military GPS device segment is expected to witness
rapid growth in the market to reach USD 189.1 million in 2020, with
a CAGR of over 5% during the forecast period.
The use of GPS devices in naval warfare is especially beneficial
in surveying coastlines and channels, where there are rare
land-based reference points. Changing water depths and underwater
hazards are addressed by survey vessels that are equipped with GPS
positions and sonar depth soundings, which help in making nautical
charts to guide naval forces.
Global weapon systems GPS device market
The global weapon systems GPS device market was valued at USD
224.6 million in 2015 with a market share of 17.89%.
The traditional guided missiles needed to be fired within a
certain range from the target. The distance of the target and
missile was a major concern that the army was facing. Most of the
early guided missiles did not have flight paths incorporated into
them and were simply dropped down from aircraft. Further, bad
environmental conditions made it difficult to fire a missile. With
technological advancements, GPS-guided devices were installed in
missiles, which increased the strike accuracy. Additionally, the
modern day GPS-guided weapons are resistant to jamming with the use
of advanced GPS-AJ modules.
The top vendors highlighted by Technavio’s research analysts in
this report are:
- BAE Systems
- Lockheed Martin
- Northrop Grumman
- Raytheon
- Rockwell Collins
Browse Related Reports:
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Market 2016-2020
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About Technavio
Technavio is a leading global technology research and
advisory company. The company develops over 2000 pieces of research
every year, covering more than 500 technologies across 80
countries. Technavio has about 300 analysts globally who specialize
in customized consulting and business research assignments across
the latest leading edge technologies.
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techniques to ascertain the size and vendor landscape in a range of
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Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
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