Market Size of Military Navigation Systems Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 9.25 Billion |
| Market Size (2029) | USD 12.02 Billion |
| CAGR (2024 - 2029) | 5.37 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Military Navigation Systems Market Analysis
The Military Navigation Systems Market size is estimated at USD 9.25 billion in 2024, and is expected to reach USD 12.02 billion by 2029, growing at a CAGR of 5.37% during the forecast period (2024-2029).
The increasing military spending of the countries is supporting their governments' respective procurement plans for a wide range of products for military operations from intelligence, surveillance, and reconnaissance to combat and battlefield. Such procurement plans for manned and unmanned systems, along with precision-guided munitions, are anticipated to drive the demand for the navigation systems market in the military sector in the coming years.
The modernization plans of the armed forces to upgrade their military equipment are anticipated to further propel the sales of the navigation systems during the forecast period. The development of new navigation systems that can provide accurate positioning (even in case of GNSS jamming or spoofing), with compact size, lightweight, and low power consumption, is anticipated to help the companies in generating and bolstering the growth of the market during the forecast period.
The introduction of military navigation helped to improve the selection of weapons, delivery of supplies on the battlefield, commandership, and control, as well as guidance characteristics for an unmanned system. High-performance navigation systems for a large number of applications in the aviation sector require very specific guidance and accuracy and are increasingly in demand. These systems, which are precisely placed for a wide range of applications, are employed in many types of warfare, including air and sea navigation.
