DUBLIN--(BUSINESS WIRE)--The "Military Navigation Market by Platform (Ammunition, Aviation, Ground, Marine, Unmanned Vehicle, Space), Application (ISR, C2, Combat & Security, Targeting & Guidance, SAR), Component, Grade & Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The military navigation market is projected to grow from USD 8.87 billion in 2018 to USD 12.07 billion by 2023, at a CAGR of 6.36% from 2018 to 2023.
Military forces worldwide are focused on the integration of navigation equipment with aircraft, ships, unmanned systems, missiles, and rockets, which is expected to drive the military navigation market. The decline in the procurement of defense equipment due to limited defense funding is acting as a key restraint to the growth of the military navigation market.
Based on platform, the ammunition segment dominated the military navigation market in 2017 due to the increase in demand for military navigation systems for missiles and rockets from militaries. For instance, Hydra-70 rockets can be fired from a variety of rotary and fixed-wing platforms, including the US Army's Apache, the US Marine Corps' Cobra attack helicopters, and F-16s.
Based on component, the hardware segment dominated the military navigation market in 2017. This is attributed to the increasing number of military operations, increasing investments in defense equipment, and increasing government defense budgets across the globe.
Among regions, Europe is estimated to lead the military navigation market in 2018. Countries in this region include the UK, Russia, Germany, France, and Italy, among others.
- Esterline Technologies
- GE Aviation
- Honeywell International
- Israel Aerospace Industries
- KVH Industries
- Lord Microstrain
- L3 Technologies
- Northrop Grumman
- Rockwell Collins
- Safran Electronics & Defense
- Trimble Navigation
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Military Navigation Market, By Platform
8 Military Navigation Market, By Application
9 Military Navigation Market, By Component
10 Military Navigation Market, By Grade
11 Military Navigation Market, By Region
12 Competitive Landscape
13 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/8nznqq/global_military?w=4