Armored Vehicles Navigation Systems Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The Armored Vehicle Navigation Systems Market is segmented by Armored Vehicle Type (Tanks, Infantry Fighting Vehicle, Armored Personnel Carrier, and Other Armored Vehicle Types), Navigation System Type (Inertial Navigation System and Satellite Navigation System), and Geography.

Armored Vehicles Navigation Systems Market Size

armored vehicle navigation systems market
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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

 military autonomous navigation market

*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
Geography
North America
United States
Canada
Europe
Germany
United Kingdom
France
Russia
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Rest Of Latin America
Middle-East and Africa
United Arab Emirates
Saudi Arabia
Israel
Rest of Middle-East and Africa

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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.

autonomous navigation system market

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

  1. Safran SA

  2. Honeywell International Inc.

  3. KVH Industries, Inc.

  4. BAE Systems plc

  5. Raytheon Technologies Corporation

*Disclaimer: Major Players sorted in no particular order

Safran SA, KVH Industries Inc., Hertz Systems Ltd Sp. z o.o., IAI Group, Bharat Electronics Limited,  Advanced Navigation, Honeywell International Inc.

Armored Vehicles Navigation Systems Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Armored Vehicle Type

      1. 5.1.1 Tanks

      2. 5.1.2 Infantry Fighting Vehicle

      3. 5.1.3 Armored Personnel Carrier

      4. 5.1.4 Other Armored Vehicle Types

    2. 5.2 Navigation System Type

      1. 5.2.1 Inertial Navigation System

      2. 5.2.2 Satellite Navigation System

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Japan

        4. 5.3.3.4 South Korea

        5. 5.3.3.5 Australia

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Latin America

        1. 5.3.4.1 Mexico

        2. 5.3.4.2 Brazil

        3. 5.3.4.3 Rest Of Latin America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 United Arab Emirates

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Israel

        4. 5.3.5.4 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Safran SA

      2. 6.2.2 KVH Industries Inc.

      3. 6.2.3 Hertz Systems Ltd Sp. z o.o.

      4. 6.2.4 IAI Group

      5. 6.2.5 Bharat Electronics Limited

      6. 6.2.6 Advanced Navigation

      7. 6.2.7 Honeywell International Inc.

      8. 6.2.8 GEM Elettronica Srl

      9. 6.2.9 BAE Systems PLC

      10. 6.2.10 Northrop Grumman Corporation

      11. 6.2.11 Thales Group

      12. 6.2.12 Raytheon Technologies Corporation

    3. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Armored Vehicles Navigation Systems Market Research FAQs

The Armored Vehicle Navigation Systems Market is projected to register a CAGR of greater than 5.5% during the forecast period (2023-2028).

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.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).

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.

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