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MarketResearchReports.com: US to Spend Most on Military GPS/GNSS Navigation Systems, Finds New Report

The US is the highest spender on military GPS/GNSS navigation, and is responsible for 42.9% of the global military GNSS devices market.

 

Lewes, DE -- (SBWIRE) -- 12/13/2013 -- Global spending on GPS/GNSS systems and devices is expected to remain robust over the coming decade, according to new report – “The Global Military GPS/GNSS Devices Market 2013-2023” – which forecasts market growth at a CAGR of 4.6%, primarily driven by their extensive use alongside associated software in modern or fourth-generation warfare. The US is the highest spender on military GPS/GNSS navigation, and is responsible for 42.9% of the global military GNSS devices market.

The increasing breadth of uses for GPS technology, which now sees systems evident in virtually every operational aspect of a country’s armed forces, will further drive the market, with auto-landing for aircraft, GPS embedded uniforms, and the development of GPS guided parachutes just some of the wide range of military applications for GPS technology that will help precipitate growth through to 2023.The austerity measures adopted by a number of western countries – such as the US, Germany, France, Italy and the UK – are however expected to adversely affect the growth rates in the sector. Whilst the continued fallout of the global economic crisis are set to remain a detrimental factor to the market’s growth, this impact is predicted to taper off towards the end of the coming decade.

The report provides detailed analysis of the market for military GPS/GNSS during 2013-2023, including the factors that influence why countries are investing or cutting expenditure on military GPS/GNSS. It provides detailed expectations of growth rates and projected total expenditure.

To capitalize on the opportunities presented by market growth, organizations with a vested interest in the global GPS/GNSS Devices market must remain sensitive to the key drivers of the market, thereby facilitating informed business decisions that maximize profits with minimized risk.

The recent increase in jamming and spoofing activities has resulted in the creation of a relatively new market in the sector, that of the anti-jamming devices and related systems. The illegal sale of jamming devices on the Internet, and their subsequent proliferation, particularly by rogue nations and terrorist outfits, has made their purchase almost mandatory by countries across the world. Products are now being launched to counter these threats, either by overcoming jamming signals, or locating their source. This is expected to act as a significant driver on the global military GPS/GNSS market to 2023.

As a result, several major defense spenders across the globe – including India, China, Russia, and the UK – have now launched, or initiated the development of satellite navigation systems. This is driven by the desire of militaries to cover more areas and derive as much accurate information by a range of GNSS receivers/sensors in the shortest possible time. It is also worth noting that the commercial use of this technology for non-combat purposes is increasing, and is expected to encourage expenditure by helping to lower the overall costs of GNSS/GPS receiversIn addition to covering the Global Military GPS/GNSS Market Size and Drivers, Industry Trends, Recent Developments and Challenges, SWOT Analysis of the Military GPS/GNSS Market, Country Analysis - Military GPS/GNSS Market, Major GPS/GNSS Devices Programs, Competitive Landscape and Strategic Insights and Appendix. The report is covering 7 Companies- Northrop Grumman, Raytheon, Rockwell Collins, Lockheed Martin, ITT Exelis, Thales and BAE Systems.

Know more information visit: http://www.marketresearchreports.com/strategic-defence-intelligence/global-military-gpsgnss-market-2013-2023

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