The military GNSS devices market is poised to grow by USD 272.98 million during 2020-2024, progressing at a CAGR of almost 3% during the forecast period. Request free sample pages
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Technavio has announced its latest market research report titled Global Military GNSSGPS Devices Market 2020-2024 (Graphic: Business Wire)
Read the 166-page report with TOC on “Military GNSS Devices Market Analysis Report by Application (airborne, land, weapon systems, and naval) and Geographic Landscape (APAC, Europe, MEA, North America, and South America), and the Segment Forecasts, 2020-2024”.
https://www.technavio.com/report/global-military-gnss-devices-market-industry-analysis
The market is driven by the innovations in navigation devices. In addition, the growing focus on NCW is anticipated to 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 with 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 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
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 Market Application Outlook (Revenue, USD mn, 2020-2024)
- Airborne
- Land
- Weapon systems
- Naval
Military GNSS Devices Market Geographic Landscape Outlook (Revenue, USD mn, 2020-2024)
- APAC
- Europe
- MEA
- North America
- South America
- Key leading countries
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View source version on businesswire.com: https://www.businesswire.com/news/home/20200421005681/en/