Armored Vehicles Navigation Systems Market Size

Study Period | 2018 - 2028 |
Base Year For Estimation | 2022 |
CAGR | > 5.50 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Medium |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
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Armored Vehicles Navigation Systems Market Analysis
The armored vehicle navigation systems market is expected to exhibit a growth rate of more than 5.5% during the forecast period (2020 – 2025).
- The increase in defense spending by major economies, such as the United States, France, Russia, and emerging economies, such as India and China, is expected to propel the growth of the market. The aforementioned countries are heavily investing in the development and procurement of armored vehicles. Moreover, to give fleets increased battle ranges and combat effectiveness, substantial developments are being made in the field of armored vehicle navigation systems.
- Development and implementation of technologies, such as artificial intelligence and autonomous vehicle technology, are propelling the growth of the market for armored vehicle navigation systems. In 2019, the US Army started testing its new anti-jamming first-generation Mounted Assured Position Navigation and Timing System (MAPS) and installed the system on 62 Stryker vehicles. By the end of 2020, more than 320 Stryker vehicles are expected to be installed with MAPS.
Armored Vehicles Navigation Systems Industry Segmentation
The report on the armored vehicle navigation systems market covers the latest trends and technological developments, as well as analysis of various aspects of the market, such as armored vehicle type and navigation system type. The report also provides geography-level analysis and insights into major armored vehicle navigation system manufacturers in the world.
Armored Vehicle Type | |
Tanks | |
Infantry Fighting Vehicle | |
Armored Personnel Carrier | |
Other Armored Vehicle Types |
Navigation System Type | |
Inertial Navigation System | |
Satellite Navigation System |
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Armored Vehicles Navigation Systems Market Trends
This section covers the major market trends shaping the Armored Vehicles Navigation Systems Market according to our research experts:
Inertial Navigation Systems to Exhibit the Highest Growth Rate
Major military forces across the world are increasing their efforts to improve the situational awareness of combat vehicle units on the battlefield, and this is leading to significant improvements in inertial navigation systems. The integration of satellite positioning systems with inertial navigation systems is propelling the growth of the global armored vehicle navigation systems market. Investments are being made to improve the existing inertial navigation technology that can work precisely in GPS-denied zones. Inertial navigation systems are safe and accurate, unlike GPS systems that are prone to jamming and spoofing. Development in sensor technology stands at the core of inertial navigation system development. The increasing use of sensors is fueling the weight and space reduction designing of armored vehicle navigation systems. Sensors and Fiber Optic Gyros (FOG) are reducing the instability of inertial navigation systems and making them more reliable. FOG systems are expected to witness a high growth rate during the forecast period, owing to their autonomous vehicle applications.

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Asia-Pacific to Exhibit the Highest Growth Rate
Asia-Pacific is home to major military powers, such as Japan, China, India, and South Korea, and these countries are significantly increasing their defense expenditures for the procurement and development of armored vehicles and armored vehicle navigation systems, owing to the rising border conflicts and terrorism in the region. China is emerging as a major weapon supplier at the regional level, and it has supplied armored vehicles and tanks to countries, such as Kenya and Thailand. India is looking forward to procuring nearly 200 armored vehicles for its army, whereas the demand for armored fighting vehicles and armored personnel carriers is also rising in small nations, such as Thailand. The presence of major electronic equipment manufacturers in the region is also propelling the regional market growth.

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Armored Vehicles Navigation Systems Industry Overview
The market for armored vehicle navigation systems is a moderately consolidated one, with major players, such as Honeywell International Inc., KVH Industries Inc., and Safran SA, dominating the market. The market is witnessing investments in innovations and the development of precise technology that can be offered at low competitive rates. For revenue generation, major players aim at winning contracts and deals from the national governments and defense agencies. The market is expected to see growth, owing to the defense modernization and upgrade efforts by economies around the world.
Armored Vehicles Navigation Systems Market Leaders
Safran SA
Honeywell International Inc.
KVH Industries, Inc.
BAE Systems plc
Raytheon Technologies Corporation
*Disclaimer: Major Players sorted in no particular order

Armored Vehicles Navigation Systems Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porter's Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Armored Vehicle Type
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5.1.1 Tanks
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5.1.2 Infantry Fighting Vehicle
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5.1.3 Armored Personnel Carrier
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5.1.4 Other Armored Vehicle Types
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5.2 Navigation System Type
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5.2.1 Inertial Navigation System
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5.2.2 Satellite Navigation System
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5.3 Geography
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5.3.1 North America
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5.3.1.1 United States
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5.3.1.2 Canada
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5.3.2 Europe
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5.3.2.1 Germany
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5.3.2.2 United Kingdom
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5.3.2.3 France
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5.3.2.4 Russia
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5.3.2.5 Rest of Europe
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5.3.3 Asia-Pacific
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5.3.3.1 India
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5.3.3.2 China
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5.3.3.3 Japan
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5.3.3.4 South Korea
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5.3.3.5 Australia
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5.3.3.6 Rest of Asia-Pacific
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5.3.4 Latin America
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5.3.4.1 Mexico
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5.3.4.2 Brazil
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5.3.4.3 Rest Of Latin America
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5.3.5 Middle-East and Africa
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5.3.5.1 United Arab Emirates
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5.3.5.2 Saudi Arabia
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5.3.5.3 Israel
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5.3.5.4 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Vendor Market Share
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6.2 Company Profiles
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6.2.1 Safran SA
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6.2.2 KVH Industries Inc.
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6.2.3 Hertz Systems Ltd Sp. z o.o.
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6.2.4 IAI Group
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6.2.5 Bharat Electronics Limited
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6.2.6 Advanced Navigation
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6.2.7 Honeywell International Inc.
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6.2.8 GEM Elettronica Srl
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6.2.9 BAE Systems PLC
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6.2.10 Northrop Grumman Corporation
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6.2.11 Thales Group
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6.2.12 Raytheon Technologies Corporation
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Armored Vehicles Navigation Systems Market Research FAQs
What is the current Armored Vehicle Navigation Systems Market size?
The Armored Vehicle Navigation Systems Market is projected to register a CAGR of greater than 5.5% during the forecast period (2023-2028).
Who are the key players in Armored Vehicle Navigation Systems Market?
Safran SA, Honeywell International Inc., KVH Industries, Inc., BAE Systems plc and Raytheon Technologies Corporation are the major companies operating in the Armored Vehicle Navigation Systems Market.
Which is the fastest growing region in Armored Vehicle Navigation Systems Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).
Which region has the biggest share in Armored Vehicle Navigation Systems Market?
In 2023, the North America accounts for the largest market share in the Armored Vehicle Navigation Systems Market.
Armored Vehicle Navigation Systems Industry Report
Statistics for the 2023 Armored Vehicle Navigation Systems market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Armored Vehicle Navigation Systems analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.