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.
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
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
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