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

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.

Related Research on ASDReports.com:

Global Military GPS-GNSS Devices Market 2017-2027

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

Read more on ASDReports or Download Report Information

Source: ASDReports - Market Research
Date: Oct 12, 2017