What Has Been the Progress and Growth of the Defense Navigation Market in Recent Years?
The defense navigation market has seen considerable growth due to a variety of factors.
•There has been a quick acceleration in the size of the defense navigation market in the past few years. The market value is expected to increase from $284.92 billion in 2024 to $328.01 billion in 2025, indicating a compound annual growth rate (CAGR) of 15.1%.
Factors contributing to the growth during this period include modernization initiatives in the military, global security threat landscape, the need for autonomous systems, budgets for aerospace and defense, and the integration of cybersecurity.
What Can Be Expected from the Defense Navigation Market in the Coming Years?
The defense navigation market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated to experience a swift expansion in the upcoming years, the defense navigation market is projected to reach a value of $553.33 billion by 2029, with a compound annual growth rate (CAGR) of 14.0%.
The increase in market size during the forecast period could be related to advancements in positioning precision, urban warfare navigation mechanisms, multi-domain procedures, robustness against electronic warfare, innovations in human-machine interfaces and worldwide navigation in denied territories. Notable trends during the forecast period comprise gnss and inertial navigation systems, technologies to overcome jamming, the application of augmented reality (ar) in heads-up displays, downsizing and size reduction efforts, as well as the integration of navigation across various domains.
What Main Forces Are Fueling Expansion In The Defense Navigation Market?
The surge in demand for new aircraft is likely to fuel the expansion of the defense navigation market. An aircraft, a machine built to fly, serves various functions, including passenger transportation and use in defense and combat operations. Navigation equips aircraft to follow user-chosen routes from one waypoint to another, even in situations where waypoints aren't reliant on ground infrastructure. Consequently, the defense navigation market is expected to grow in light of the escalating demand for new aircraft. As per the Defense Budget Overview Report 2023, released by the United States Department of Defense, a US-based department of the executive branch of the US federal government, in April 2022, it was revealed that the officials intend to double the number of F-15EX Eagle II aircraft from 12 to 24 in 2023, as opposed to the preceding year. Thus, the growing demand for new aircraft is propelling the expansion of the defense navigation market.
What Are The Primary Segments In The Global Defense Navigation Market?
The defense navigation market covered in this report is segmented –
1) By Platform Type: Airborne Platform, Naval Platform, Land Platform
2) By Technology: Fiber Optic Gyro Navigation System, Ring Laser Gyro Navigation System, Mechanical Navigation System, Hemispherical Resonator Gyro Navigation System, Micromechanical Systems-Based Navigation System, Other Technologies
3) By Application: Ship, Boat, Autonomous Underwater Vehicle, Remotely Operated Underwater Vehicle
Subsegments:
1) By Airborne Platform: Unmanned Aerial Vehicles (UAVs), Fighter Jets, Helicopters, Transport Aircraft
2) By Naval Platform: Surface Ships, Submarines, Unmanned Underwater Vehicles (UUVs), Amphibious Assault Vehicles
3) By Land Platform: Armored Vehicles, Artillery Systems, Infantry Fighting Vehicles (IFVs), Command And Control Vehicles.
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Which Key Trends Are Driving Changes In The Defense Navigation Market?
The trend of creating advanced navigation systems is gaining traction in the defense navigation market. Firms active in this market are prioritizing the creation of pioneering navigation systems in order to maintain their market standing. For example, AeroVironment, a defense manufacturing organization from the US that is focused on unmanned aerial vehicles, launched a unique virtual navigation system for its ‘Puma’ drones in September 2022, providing operators with an unparalleled edge in GPS-challenged locations. The state-of-the-art navigation system is equipped with sensors that look southward to collect visual data and spot terrestrial features, which allows for the precise location of the aircraft during flight. Another innovative function facilitates the system to autonomously alternate between GPS-limited navigation mode and regular navigation without needing operator involvement.
Who Are the Key Players in the Defense Navigation Market?
Major companies operating in the defense navigation market include:
• Cobham Limited
• Esterline Technologies Corporation
• Teledyne FLIR LLC
• Furuno Electric Co. Ltd.
• Garmin Ltd.
• General Electric Company
• Honeywell International Inc.
• Israel Aerospace Industries
• Kongsberg Gruppen
• L3 Technologies Inc.
• KVH Industries Inc.
• Moog Inc.
• Northrop Grumman Corporation
• Curtiss-Wright Corporation
• Lockheed Martin Corporation
• Thales Group
• RTX Corporation
• BAE Systems plc
• Safran S.A.
• Leonardo S.p.A.
• Elbit Systems Ltd.
• General Dynamics Corporation
• Leidos Holdings Inc.
• Ultra Electronics Holdings plc
• Saab AB
What Is The Most Dominant Region In The Defense Navigation Market?
North America was the largest region in the defense navigation market in 2024. The regions covered in the defense navigation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
