Global Military GPS-GNSS Devices Market to Value US$25.7 Bn Over 2017-2027

Thursday 12 October 2017, Amsterdam

According to this latest report, now available on ASDReports, The Military GPS-GNSS Devices market is projected to grow at a CAGR of 2.73% over the 2017-2027 period, to reach US$2.8 billion by 2027.’

The market consists of four categories: Land Based GPS/GNSS, Air Based GPS/GNSS, Munition Guiding GPS/GNSS, and Naval GPS/GNSS.
‘Land based GPS/GNSS is expected to account for 71.3% of the global military GPS/GNSS devices market, followed by Munition Guiding GPS/GNSS and Air based GPS/GNSS respectively. Asia Pacific will lead the sector with a share of 34.8%, followed by North America and Europe.

Drivers

• New developments in tracking technologies to enhance use in a variety of military applications
• GPS embedded technologies to generate demand for new products
• Galileo Navigation System, IRNSS, and Beidou will bring new opportunities

 Trends

• Anti-jamming GPS devices more in demand
• Use of compact military GPS/GNSS devices to increase
• Remote controlled GPS/GNSS enabled vehicles to drive growth of the sector

 Challenges

• Ionospheric events challenges performance of satellite navigation
• GNSS/GPS Signal Obstructions can hamper military operations
• Transition to other technologies could adversely impact the market of GNSS devices