Navigation System Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Navigation Systems Market Revenue Share & Companies and it is Segmented by Application (Defense, Aviation, Maritime, Automotive?), Type (Satellite Navigation Systems, Surgical Navigation Systems, Inertial Navigation Systems), and Geography.

Navigation Systems Market Size

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Navigation System Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 44.38 Billion
Market Size (2029) USD 70.96 Billion
CAGR (2024 - 2029) 9.84 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Navigation System Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Navigation Systems Market Analysis

The Navigation System Market size is estimated at USD 44.38 billion in 2024, and is expected to reach USD 70.96 billion by 2029, growing at a CAGR of 9.84% during the forecast period (2024-2029).

  • With the increasing demand for real-time information in various applications ranging from automotive to autonomous robots, navigation systems are increasingly widely adopted globally. With technological advancement, these systems have transformed and offered multiple services and navigation facilities, creating a considerable service ecosystem around navigation technologies.
  • Besides determining the location or direction of vehicles, they have many different uses. They help to know the weather alerts, track parcels, and shipments, improve the traffic flow, etc. Also, these systems are used in several advanced applications to facilitate smart spaces.
  • Various GPS systems find use in mining, aviation, surveying, agriculture, maritime, and military applications. Increased global trade and maritime traffic have aided the market's growth in recent years. Moreover, governments worldwide havesignificantly investeds in navigation systems across various industry verticals.
  • For instance, in collaboration, the Indian Space Research Organization (ISRO) and the Airports Authority of India (AAI) implemented the GAGAN project as a Satellite-Based Augmentation System (SBAS), which is anticipated to benefit numerous stakeholders operating in Indian airspace.
  • Similarly, many automotive players focus on bringing new technological innovations to navigation systems. For instance, in February 2023, Mercedes Benz and Google announced a long-term strategic partnership to improve auto innovation and create the industry's next-generation digital luxury car experiences. Through this partnership, Mercedes-Benz will be the first automaker to develop its own branded navigation experience based on the new in-vehicle data and navigation capabilities of the Google Maps platform.
  • The recent COVID-19 pandemic severely impacted the global navigation system business. New projects all around the world had come to a halt. As workers stayed home, worldwide factories struggled to integrate modern navigation systems, disrupting global supply chains. COVID-19's impact on this market was only temporary because only the production and supply chain was halted. Production, supply networks, and demand for navigation systems steadily expanded as the situation improved.
  • The aviation industry's high expansion and defense spending is expected to fuel the navigation system market growth during the projected period. However, expensive installation costs and safety regulations are impeding industry growth. Nonetheless, overcoming such impediments will focus on introducing new technological innovations.

Navigation Systems Market Trends

Defense is Boosting the Market Growth

  • One of the significant applications of navigation systems is the defense industry. Navigation systems allow users to detect, locate, and characterize interference sources. Military forces use satellite navigation for ground navigation, aerial monitoring, and maritime navigation.
  • Navigation helps military missions accurately position their units, the enemy's forces, and the locations of the enemy's facilities or installations. Accuracy, reliability, precision in positioning, and timely measurements are some of the major factors driving the growth of market adoption in the defense sector.
  • Many companies provide a wide range of products to cater to the needs of various end-users. For instance, in June 2022, Collins Aerospace introduced NavHub-200M, the first non-ITAR vehicular navigation system for the international market compatible with Military Code (M-Code) receiver technology. NavHub-200M provides Assured Positioning, Navigation, and Timing (APNT) capabilities while improving overall resistance to existing and emerging threats to Global Positioning Systems (GPS), such as spoofing and jamming.
  • Similarly, in March 2023, Safran announced to offer a new product, NAVKITE, an integrated navigation and resilient timing solution combining a GEONYXTM-M and a VersaSync. This new product is a fully automated system based on a combination of the GeonyxTM-M navigation system and the VersaSynctime and frequency server that analyzes GNSS*/GPS signals and verifies their integrity.
  • Owing to the increasing security concerns by the government of various countries, a navigation system has become an indispensable part of the defense sector. For instance, Britain is moving toward launching its satellite navigation system. The Conservative government of London recently announced that it has set aside GBP 92 million (~USD 115.3 million) to undertake a feasibility test for designing and developing an alternative to the Galileo Satellite System.
  • Moreover, in September 2022, Raytheon Company Ltd. announced that it had been awarded a USD 583 million contract for US Army navigation to develop an updated version of a technology that provides soldiers with critical situational awareness and context on the battlefield. The technology will be mounted into various armored platforms, including Bradley Fighting Vehicles, Paladin artillery, and Abrams tanks, as well as lighter options, such as Strykers and Humvees.
Navigation System Market: Countries With the Highest Military Spending Worldwide, in Billion USD, 2023

North America Expected to Hold Significant Share

  • The North American region holds the majority share in the global navigation system market. The primary reason for North America to be the market leader can be the early adoption of technology in the region and immense investment into advanced navigation systems. Also, increased spending on various automation technologies and building a smart infrastructure throughout the region is further expected to boost market growth.
  • The key factors driving the market are the increasing penetration of cellular network infrastructure and the integration of technologies for applications, such as Automatic Vehicle Location (AVL), tracking systems, etc. However, factors such as lack of awareness, high cost of GNSS technology, and signal connectivity hinder the market's growth.
  • The navigation system is mostly used in the defense sector. Tracking and positioning is a navigation system's primary application area used in the defense industry. Most of the defense industry's spending comes from the North American region, with the United States contributing the most.
  • In January 2023, L3Harris announced to delivery of the Navigation Technology Satellite-3 to the U.S. Air Force and the spacecraft. NTS-3 is an Air Force Research Laboratory-funded experiment that will transmit Positioning, Navigation, and Timing (PNT) signals from Earth's geostationary orbit. The goal is to demonstrate next-generation PNT technology for the U.S. military and provide an alternative to GPS.
  • The United States is the largest spender on national defense compared to countries like China, Saudi Arabia, India, France, Russia, the United Kingdom, Germany, etc.
  • Moreover, the navigation system market in North America will witness high growth owing to the rising production of autonomous and passenger vehicles. Passenger vehicles are equipped with dashboards or dashboard-mounted navigation systems. These factory-installed navigation systems are more accurate, have more features, and have better integration than smartphone navigation.
  • Furthermore, with the growing need for accuracy, automotive navigation technology is helping supply chain tracking and forecasting by incorporating applications that provide real-time delivery systems. Moreover, Ola, Uber, and Grab are expected to drive market growth as car-sharing services rely heavily on navigation-based technology.
Navigation System Market - Growth Rate by Region

Navigation Systems Industry Overview

The competitive rivalry in the navigation systems market is high owing to some key players like Garmin Ltd, Honeywell International Inc., Collins Aerospace Inc., Safran Electronics & Defense Inc., and many more. Their ability to continually innovate their products through significant research and development investments has helped them achieve a competitive advantage over other players.

  • In February 2023, Raytheon Company Ltd. announced that it had won USD 8.6 million contract to provide F-35 JPALS for Japan Maritime Self-Defense Force (JMSDF). JPALS is a software-based differential Global Positioning System navigation and precision landing system. The contract was awarded by U.S. Navy. JPALS is integrated with the F-35 fighter, capable of operating, approaching, and landing on naval vessels at sea in all weather conditions.
  • In January 2022, African countries joined part of the satellite-based augmentation system (SBAS) because of ASECNA (Agency for Aerial Navigation Safety in Africa and Madagascar) efforts. SBAS is a precise and robust Global Navigation Satellite System (GNSS) system that eliminates the need for regional ground-based navigation aids and airport landing systems. Africa Aviation, led by ASECNA, can develop its own SBAS system to assist the airlines or aviation stakeholders.

Navigation Systems Market Leaders

  1. Garmin Ltd.

  2. Honeywell International Inc.

  3. Collins Aerospace Inc.

  4. Safran Electronics & Defense Inc.

  5. KVH Industries Inc.

*Disclaimer: Major Players sorted in no particular order

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Navigation Systems Market News

  • January 2023: Inertial Labs announced to launch of the upgraded version of the "INS-U" GPS aided Inertial navigation System. This new INS-U version can output fused (GNSS + IMU) NMEA data to the Pixhawk autopilot, allowing the Pixhawk autopilot to navigate the UAV in long-term (more than an hour) GNSS-denied environments.
  • June 2022: Airbus announced that it had integrated ILS (Instrument Landing System) in its aircraft. The newly certified cockpit avionics function, a satellite-based/augmented landing system (SLS), will be rolled out for operators of the A320 and A330 families as line-fit and retrofit options.

Navigation Systems Market Report - Table of Contents


    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Buyers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Intensity of Competitive Rivalry

      5. 4.2.5 Threat of Substitute Products

    3. 4.3 Assessment of the COVID-19 Impact on the Market


    1. 5.1 Market Drivers

      1. 5.1.1 Increase in Implementation of Navigation Systems in the Automobile Industry

    2. 5.2 Market Restraints

      1. 5.2.1 High System Cost and Lack of Supporting Infrastructure in Developing Countries


    1. 6.1 By Application

      1. 6.1.1 Defense

      2. 6.1.2 Aviation

      3. 6.1.3 Maritime

      4. 6.1.4 Automotive

      5. 6.1.5 Other Applications

    2. 6.2 By Type

      1. 6.2.1 Satellite Navigation Systems

      2. 6.2.2 Surgical Navigation Systems

      3. 6.2.3 Inertial Navigation Systems

      4. 6.2.4 Other Types

    3. 6.3 Geography

      1. 6.3.1 North America

      2. 6.3.2 Europe

      3. 6.3.3 Asia-Pacific

      4. 6.3.4 Latin America

      5. 6.3.5 Middle East & Africa


    1. 7.1 Company Profiles

      1. 7.1.1 Garmin Ltd

      2. 7.1.2 Honeywell International Inc.

      3. 7.1.3 Collins Aerospace Inc.

      4. 7.1.4 Safran Electronics & Defense Inc.

      5. 7.1.5 KVH Industries Inc.

      6. 7.1.6 Raytheon Company Ltd

      7. 7.1.7 SBG Systems SAS

      8. 7.1.8 Advanced Navigation Inc.

      9. 7.1.9 Trimble Navigation Ltd

      10. 7.1.10 Lord Sensing Systems Inc.

      11. 7.1.11 L3Harris Technologies Inc.

      12. 7.1.12 Northrop Grumman Corporation

      13. 7.1.13 Esterline Technologies Corporation

      14. 7.1.14 Moog Inc.

    2. *List Not Exhaustive


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Navigation Systems Industry Segmentation

A navigation system is a device that determines the vehicle's position and route to a particular location. A car's navigation system directs the driver to turn left or right at a particular intersection. Navigation systems use GPS signals to determine the vehicle's current position and orientation.

The Navigation Systems Market is segmented by Application (Defense, Aviation, Maritime, Automotive, Other applications), Type (Satellite Navigation Systems, Surgical Navigation Systems, Inertial Navigation Systems, Other types), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa). The report offers the market size in value terms in USD for all the abovementioned segments.

By Application
Other Applications
By Type
Satellite Navigation Systems
Surgical Navigation Systems
Inertial Navigation Systems
Other Types
North America
Latin America
Middle East & Africa
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Navigation Systems Market Research FAQs

The Navigation System Market size is expected to reach USD 44.38 billion in 2024 and grow at a CAGR of 9.84% to reach USD 70.96 billion by 2029.

In 2024, the Navigation System Market size is expected to reach USD 44.38 billion.

Garmin Ltd., Honeywell International Inc., Collins Aerospace Inc., Safran Electronics & Defense Inc. and KVH Industries Inc. are the major companies operating in the Navigation System Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Navigation System Market.

In 2023, the Navigation System Market size was estimated at USD 40.40 billion. The report covers the Navigation System Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Navigation System Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Navigation System Industry Report

Statistics for the 2024 Navigation System market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Navigation System analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Navigation System Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)