The Global Military GNSS Devices to Grow by $272 Million from 2020 to 2024

Technavio has been monitoring the global military GNSS devices market for some time now. According to their latest report the market is poised to grow by USD 272.98 million from 2020-2024 at a CAGR of about 3% during the forecast period. 

The report ‘Military GNSS Devices Market Analysis 2020-2024’ is prepared based on Geography (APAC, Europe, MEA, North America, and South America), Application (Airborne, Land, Weapon systems, and Naval), and Segment. The market is driven by innovations in navigation and positioning devices. In addition, the growing focus on NCW (Net-Centric Warfare) is anticipated to further boost the growth of the military GNSS devices market.

Automatic dependent surveillance-broadcast (ADS-B), satellite-based surveillance technology is gaining traction in the market as it provides aircraft pilots graphical weather information. ADS-B-capable aircrafts use ordinary GNSS solutions like 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.

Five Major Military GNSS Devices Market Companies evaluated in the report:
  • BAE Systems: The company offers Military GNSS/GPS devices such as NavComp GPS Receiver and Mission Computer.
  • Cobham PlcThey offer products through the following business units: Communications and Connectivity, Mission Systems, Advanced Electronic Solutions, and Aviation Services. The company also offers Military GNSS/GPS devices such as anti-jam solutions and GPS antenna.
  • Elbit SystemsThey provide Military GNSS/GPS devices such as iSNS- Immune Satellite Navigation system.
  • L3Harris Technologies:  They provide solutions in Communication Systems, Electronic Systems, and Space and Intelligence Systems. The company also offers Military GNSS/GPS devices such as TruNav GPS receivers, TruTrak Evolution Type II, and other components.
  • Lockheed Martin: 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.

Click here to read the full report.