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Airborne Unit Continues to Dominate the Global Military GPS Device Market with Over 40% Market Share: TechnavioAccording to the latest market study released by Technavio, the global military global positioning system (GPS) device market is expected to grow at a CAGR of close to 4% during the forecast period. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20161202005025/en/ 
Technavio publishes a new market research report on the global military GPS device market from 2016-2020. (Photo: Business Wire) This research report titled 'Global Military Global Positioning System Device Market 2016-2020' provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions. "GPS technology is being progressively applied in diverse military applications. With advancements in communications systems between the controller and weapon systems or planes via GPS, the global military global positioning system device market is likely to witness stable growth over the coming years," says Moutushi Saha, a lead defense research analyst at Technavio. Request a sample report: http://www.technavio.com/request-a-sample?report=54727 Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. Based on application, the report categorizes the global military GPS device market into the following segments:
Global airborne military GPS device market The global airborne military GPS device market was valued at USD 558.7 millin in 2015 with a market share of more than 44%. In airborne units, GPS technology helps in providing improved situational awareness during transportation and supervision to the drop zone during the night. The technology also assists during extreme weather operations via military grade SAASM devices. In the case of JPADS, GPS guidance receivers help in providing navigation and steering commands to guide the payload to its drop zone. Also, in military free fall techniques, high altitude low opening (HALO) or high altitude high opening (HAHO) GPS retransmission devices are used to provide signals to handheld GPS (DAGR). Global land-based military GPS device market According to Moutushi, "Land-based GPS devices like radio and DAGRs are the oldest GPS devices that are in use by military officials. Gradually, the technology was implemented on ground vehicles, including both manned and unmanned vehicles that were used in the warfield. Unmanned vehicles depend heavily on GPS-enabled devices because of the absence of driver to command the direction." The global land military GPS device market was valued at USD 324.3 million in 2015 with a market share of 25.84%. With the deployment of a large number of soldiers across the borders, the need to equip them with tankers, infantry fighting vehicles, and armored personnel carriers is also increasing. Global naval-based military GPS device market The global naval-based military GPS device market was valued at USD 147.6 million in 2015 with a market share of 11.76%. With a greater need for precision positioning and navigation in waters, the naval-based military GPS device segment is expected to witness rapid growth in the market to reach USD 189.1 million in 2020, with a CAGR of over 5% during the forecast period. The use of GPS devices in naval warfare is especially beneficial in surveying coastlines and channels, where there are rare land-based reference points. Changing water depths and underwater hazards are addressed by survey vessels that are equipped with GPS positions and sonar depth soundings, which help in making nautical charts to guide naval forces. Global weapon systems GPS device market The global weapon systems GPS device market was valued at USD 224.6 million in 2015 with a market share of 17.89%. The traditional guided missiles needed to be fired within a certain range from the target. The distance of the target and missile was a major concern that the army was facing. Most of the early guided missiles did not have flight paths incorporated into them and were simply dropped down from aircraft. Further, bad environmental conditions made it difficult to fire a missile. With technological advancements, GPS-guided devices were installed in missiles, which increased the strike accuracy. Additionally, the modern day GPS-guided weapons are resistant to jamming with the use of advanced GPS-AJ modules. The top vendors highlighted by Technavio's research analysts in this report are: Browse Related Reports:
Do you need a report on a market in a specific geographical cluster or country but can't find what you're looking for? Don't worry, Technavio also takes client requests. Please contact [email protected] with your requirements and our analysts will be happy to create a customized report just for you. About Technavio Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected]. View source version on businesswire.com: http://www.businesswire.com/news/home/20161202005025/en/ |
