DUBLIN–(BUSINESS WIRE)–The “Global Military GPS Receivers Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2023-2028” report has been added to ResearchAndMarkets.com’s offering.
The Military GPS Receivers Market is estimated to grow at a robust CAGR of 7.8% during the forecast period to reach a value of US$ 0.9 Billion in 2028.
The usage of military GPS receivers is expanding around the world as several military missions and operations rely heavily on the transmission of real-time data, thereby, augmenting the growth of the overall industry. These GPS-enabled devices not only provide accurate target tracking and route navigation but also offer precise digital mapping solutions.
They have become an indispensable component of military forces, enabling precise tracking and targeting for armed troops and units. As a result, the procurement of these GPS devices has been gaining momentum in recent years as they multiply the capabilities of military forces.
In recent years, there has been competition in the military GPS receiver market. Moreover, there is a high consolidation in the market with the top companies capturing a mammoth market share. The growth of companies in this market is widely influenced by their financial position, technological expertise, and government support. Most of the players engage in the provision of both P(Y) Code and M-Code GPS receivers.
Some of the companies also manufacture ASIC chips for their GPS receiver cards and some of them also supply them to their customers as well. Some major M&A activities within the market space in recent years (such as the purchase of the GPS receiver business unit of Collins Aerospace by BAE Systems, the merger of United Technologies and Raytheon, and the all-stock merger of L3 Technologies and Harris Corporation) have resulted in some significant changes in the competitive landscape.
Furthermore, due to the global rise in border disputes and terrorist threats, many countries are focusing on improving the capabilities of their military forces, which has resulted in a significant increase in the overall deployment of military GPS receivers in recent years.
Segment Analysis
By Product Type
The military GPS receiver market is segmented into P(Y) Code GPS receivers and M-Code GPS receivers. Ever since the commencement of the sales of M-Code GPS receivers, their sales have been increasing exponentially, eroding the market share of the traditionally used P (Y) Code receivers. These advanced devices are designed to enhance the PNT capabilities of armed units and provide improved resistance to existing and emerging threats to GPS such as jamming and spoofing. Therefore, it is estimated that the M-Code GPS receivers will completely replace the P(Y) Code receivers in the coming decade.
By Frequency Type
The market is segmented into single-frequency GPS receivers and dual-frequency GPS receivers. Dual-frequency GPS receivers are widely used over their single-frequency counterparts due to their greater accuracy and greater resistance to multipath errors, which are fairly common for the latter. Furthermore, if any one of the two frequencies fails, the other one works as a backup, thus ensuring uninterrupted signal transmission.
By Application Type
The military GPS receiver market is segmented into aviation-based GPS receivers, ground-based GPS receivers, PGM-based GPS receivers, handheld GPS receivers, and maritime equipment-based GPS receivers. Among these application types, the PGM-based application is estimated to remain the supreme market leader for military GPS receivers in the coming years, as these GPS systems form an essential component in the PGMs (such as missiles, bombs, and projectiles). Moreover, with the increasing hostilities across the globe, the demand for PGMs has been increasing manifold, thereby, fueling the market growth.
Regional Analysis
In terms of regions, North America is likely to remain the largest market for military GPS receivers over the forecast period, with the USA accounting for the majority of the market. The country has been extensively investing in military GPS receivers to enhance the overall capabilities of its armed forces. Furthermore, market-leading companies, such as BAE Systems, L3Harris Technologies, Inc., and Raytheon Corporation, are present in the region, giving North America an unrivaled advantage over other regions.
The following are the major players in the military GPS receivers market:
- BAE Systems
- Raytheon Technologies Corporation
- Trimble Inc.
- L3Harris Technologies, Inc.
- General Dynamics Corporation
- Thales Group
- Israel Aerospace Industries
- Mayflower Communications
- Hertz Systems
- Juniper Systems, Inc.
Key Topics Covered:
1. Executive Summary: A Bird’s Eye View of the Market
2. Market Environment Analysis: Study of Factors Affecting the Market Dynamics
2.1. Supply Chain Analysis (Identification of Key Players/Materials across the Value Chain)
2.2. PEST Analysis (List of All Factors Directly or Indirectly Affecting the Market Demand)
2.3. Industry Life Cycle Analysis (Current and Future Lifecycle Stage of the Market)
2.4. Market Drivers (Study of Drivers and their Short- and Long-Term Impacts)
2.5. Market Challenges (Study of Factors Hindrance the Adoption/Growth)
3. Military GPS Receiver Market Assessment (2017-2028) (US$ Million)
3.1. Contribution of Military GPS Receivers in the Total Military GNSS Receivers Market
3.2. Military GPS Receiver Market Trend and Forecast (US$ Million)
3.3. Market Scenario Analysis: Growth Trajectories in Different Market Conditions
3.4. COVID-19 Impact Assessment and Expected Recovery Curve
4. Military GPS Receiver Market Segments’ Analysis (2017-2028) (US$ Million)
4.1. Product-Type Analysis
4.1.1. P(Y) Code GPS Receivers: Regional Trend and Forecast (US$ Million)
4.1.2. M-Code GPS Receivers: Regional Trend and Forecast (US$ Million)
4.2. Frequency-Type Analysis
4.2.1. Single-Frequency GPS Receivers: Regional Trend and Forecast (US$ Million)
4.2.2. Dual-Frequency GPS Receivers: Regional Trend and Forecast (US$ Million)
4.3. Application-Type Analysis
4.3.1. Aviation-based GPS Receivers: Regional Trend and Forecast (US$ Million)
4.3.2. Ground-based GPS Receivers: Regional Trend and Forecast (US$ Million)
4.3.3. PGM-based GPS Receivers: Regional Trend and Forecast (US$ Million)
4.3.4. Handheld GPS Receivers: Regional Trend and Forecast (US$ Million)
4.3.5. Maritime Equipment-based GPS Receivers: Regional Trend and Forecast (US$ Million)
4.3.5.1. Surface Water-based GPS Receivers: Trend and Forecast (US$ Million)
4.3.5.2. Underwater-based GPS Receivers: Trend and Forecast (US$ Million)
4.4. Regional Analysis
5. Competitive Analysis
5.1. Degree of Competition (Current Stage of Competition based on Market Consolidation)
5.2. Competitive Landscape (Benchmarking of Key Players in Crucial Parameters)
5.3. Market Share Analysis (Key Players and their Respective Shares)
5.4. Product Portfolio Mapping (Map their Presence in Different Market Categories)
5.5. Geographical Presence (Map their Geographical Presence)
5.6. Key Target Areas for Product Development (Understand the Industry Focus while Development)
5.7. M&As, JVs, Collaborations, Strategic Alliances, etc. (Map All the Major M&As and JVs)
5.8. Porter’s Five Forces Analysis (A Bird’s Eye View of the Overall Competitive Landscape)
6. Strategic Growth Opportunities
6.1. Market Attractiveness Analysis
6.1.1. Market Attractiveness by Product Type
6.1.2. Market Attractiveness by Frequency Type
6.1.3. Market Attractiveness by Application Type
6.1.4. Market Attractiveness by Region
6.1.5. Market Attractiveness by Country
6.2. Emerging Trends (Key Trends that May Shape the Market Dynamics in the Future)
6.3. Key Strategic Implications (Changing Market Dynamics and their Key Implications)
6.4. Key Success Factors (KSFs) (Identifying Some Factors that May Help Companies to Gain Business)
For more information about this report visit https://www.researchandmarkets.com/r/9qc42r
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
[email protected]
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
