Report code - SR2001Published On : Jun,2024No. of Pages: 130
Military GPS Receiver Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2024-2030
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Military GPS Receiver Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2024-2030
Military GPS Receiver Market is segmented by Product Type (P(Y) Code GPS Receivers and M-Code GPS Receivers), by Frequency Type (Single-Frequency GPS Receivers and Dual-Frequency GPS Receivers), by Application Type (Aviation-Based GPS Receivers, Ground-Based GPS Receivers, PGM-Based GPS Receivers, Handheld GPS Receivers, and Maritime Equipment-Based GPS Receivers [Surface Water-Based GPS Receivers and Underwater-Based GPS Receivers]), and by Region (North America [The USA and Rest of North America], Europe [Germany, The UK, France, Russia, and Rest of Europe], Asia-Pacific [China, Japan, India, and Rest of Asia-Pacific], and Rest of the World).
Military GPS Receiver Market is segmented by Product Type (P(Y) Code GPS Receivers and M-Code GPS Receivers), by Frequency Type (Single-Frequency GPS Receivers and Dual-Frequency GPS Receivers), by Application Type ...
"The Military GPS Receiver Market is estimated to grow at an impressive CAGR of 5.1% during the forecast period to reach a value of US$ 875.3 Million in 2030".
Military GPS receivers are specialized navigation devices designed for military applications. They are equipped with features and capabilities tailored to meet the unique requirements and challenges of military operations. GPS receivers possess a set of specialized properties that distinguish them from commercial GPS receivers, such as enhanced security, anti-jamming capability, selective availability anti-spoofing module (SAASM), high precision, anti-spoofing, and anti-jamming antennas.
The usage of military GPS receivers is expanding around the world as several military missions and operations rely heavily on the transmission of real-time data, thereby, augmenting the growth of the overall industry. These GPS-enabled devices not only provide accurate target tracking and route navigation but also offer precise digital mapping solutions. They have become an indispensable component of military forces, enabling precise tracking and targeting for armed troops and units. As a result, the procurement of these GPS devices has been gaining momentum in recent years as they multiply the capabilities of military forces.
Furthermore, due to the global rise in border disputes and terrorist threats, many countries are focusing on improving the capabilities of their military forces, which has resulted in a significant increase in the overall deployment of military GPS receivers in recent years.
Recent Product Developments:
In recent years, a fair number of new GPS receivers have been launched by manufacturers. Some of them have been mentioned below:
In June 2023, BAE Systems unveiled NavGuide, a next-generation assured-positioning, navigation, and timing (A-PNT) device featuring M-Code GPS technology.
In August 2021, BAE Systems unveiled its ultra-small MicroGRAM-M GPS receiver, which is compatible with M-Code signals that are resistant to both jamming and spoofing. These GPS receivers have been developed for the armed troops and integrated into small UAVs.
In September 2021, Collins Aerospace unveiled the MUNS GPS receiver, a military underwater navigation system that provides the diver with precise position and includes secure anti-jamming capabilities during deep sea missions.
Recent Contracts and Agreements:
There have been several investments in the defense industry directed at GPS receivers in recent years, which would boost the overall market. Some of them have been mentioned below:
In January 2024, BAE Systems completed CDR (Critical Design Review) for its Military GPS User Equipment (MGUE) Increment 2 Miniature Serial Interface (MSI) program. This development is part of a US$ 247 million contract awarded in 2020 by the U.S. Space Force.
In November 2023, BAE Systems was selected to enhance GPS technology on the Eurofighter Typhoon. The fighter is to receive a digital GPS anti-jam receiver and a new GEMVII-6 airborne digital GPS receiver.
In September 2023, BAE Systems signed a five-year contract worth US$ 319 Million with the Defense Information Systems Agency (DISA), for the development of Miniature PLGR Engine-M-code (MPE-M) receiver cards.
In May 2021, BAE Systems signed a contract worth US$ 325.5 million, with the US Defense Logistics Agency, for the supply of the advanced M-Code GPS receiver devices to the US Army and its allies.
In November 2020, the US Space and Missile Systems Center awarded a contract worth US$ 552 Million to BAE Systems, L3Harris Technologies, Inc., and Raytheon Technologies Corporation, for the development of the next-generation M-Code GPS receivers.
Recent Market JVs and Acquisitions:
Given the sensitive nature of the product, horizontal integration of GPS user equipment suppliers is against antitrust regulations. A limited number of strategic alliances, M&As, and JVs have occurred in the market in the past few years:
In July 2020, BAE Systems acquired the GPS business unit from Collins Aerospace, to become the undisputed market leader.
In July 2020, Raytheon Corporation merged with United Technologies Corporation, to form Raytheon Technologies Corporation.This merger of equals is the defense sector's largest-ever merger, in terms of value.
In June 2019, L3 Technologies had an all-stock merger with Harris Corporation, which led to the formation of L3Harris Technologies, Inc.
Segments Analysis
Segmentations
List of Sub-Segments
Dominant and Fastest-Growing Segments
Product-Type Analysis
P(Y) Code GPS Receivers and M-Code GPS Receivers
M-Code GPSreceivers are likely to dethrone the P(Y) code receivers during the forecast period and become the major market category.
Frequency-Type Analysis
Single-Frequency GPS Receivers and Dual-Frequency GPS Receivers
Dual-frequency GPS receiver is predicted to remain the larger and faster-growing segment of the market in the coming years.
PGM is expected to remain the biggest demand generator in the market during the forecast period. Aviation-based GPS receivers are likely to witness the fastest growth.
Regional Analysis
North America, Europe, Asia-Pacific, and The Rest of the World
North America is expected to remain the largest market over the next six years whereas Asia-Pacific is likely to grow at the fastest rate.
By Product Type
“M-Code GPS receivers are likely to dethrone the P(Y) code receivers during the forecast period and become the major market category”.
The military GPS receiver market is segmented into P(Y) Code GPS receivers and M-code GPS receivers. Ever since the commencement of the sales of M-Code GPS receivers, their sales have been increasing exponentially, eroding the market share of the traditionally used P(Y) Code receivers.
These advanced devices are designed to enhance the PNT capabilities of armed units and provide improved resistance to existing and emerging threats to GPS such as jamming and spoofing. Therefore, it is estimated that the M-Code GPS receivers will completely replace the P(Y) Code receivers in the coming decade.
By Frequency Type
“Dual-frequency GPS receiver is predicted to remain the larger and faster-growing segment of the market in the coming years”.
The market is segmented into single-frequency GPS receivers and dual-frequency GPS receivers. Dual-frequency GPS receivers are preferred over their single-frequency counterparts due to their greater accuracy and resistance to multipath errors, which are common for the latter.
Furthermore, if any one of the two frequencies fails, the other one works as a backup, thus ensuring uninterrupted signal transmission.
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By Application Type
“PGM-based GPS receivers are expected to remain the biggest demand generator in the market during the forecast period. Aviation-based GPS receivers are likely to witness the fastest growth”.
The military GPS receiver market is segmented into aviation-based GPS receivers, ground-based GPS receivers, PGM-based GPS receivers, handheld GPS receivers, and maritime equipment-based GPS receivers.
Among these application types, the PGM-based application is estimated to remain the market leader for military GPS receivers in the coming years, as these GPS systems form an essential component in the PGMs (such as missiles, bombs, and projectiles). Moreover, with the increasing hostilities across the globe, the demand for PGMs has been increasing manifold, thereby, fueling the market growth.
Regional Analysis
“North America is expected to remain the largest market over the next six years whereas Asia-Pacific is likely to grow at the fastest rate”.
In terms of regions, North America is likely to remain the largest market for military GPS receivers over the forecast period, with the USA accounting for the majority of the market. The country has been extensively investing in military GPS receivers to enhance the overall capabilities of its armed forces.
Furthermore, market-leading companies, such as BAE Systems, L3Harris Technologies, Inc., and RTX Corporation, are present in the region, giving North America an unrivaled advantage over other regions.
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Key Players
The market is highly concentrated with top companies capturing a lion’s market share. The growth of companies in this market is widely influenced by their financial position, technological expertise, and government support. Most of the players engage in the provision of both P(Y) Code and M-Code GPS receivers. Some of the companies also manufacture ASIC chips for their GPS receiver cards and some of them also supply them to their customers as well.
The following are the major players in the Military GPS Receiver Market (arranged alphabetically)
BAE Systems
General Dynamics Corporation
Hertz Systems
Israel Aerospace Industries
Juniper Systems, Inc.
L3Harris Technologies, Inc.
Mayflower Communications
RTX Corporation (Raytheon)
Thales Group
Trimble Inc.
Note: The above list does not necessarily include all the top players in the market.
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Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of the Military GPS Receiver Market
How lucrative is the future?
The market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and Forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirement?
10% free customization
Research Methodology
This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s military GPS receiver market realities and future market possibilities for the forecast period.
The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
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With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
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Detailed profiling of additional market players (up to three players)
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Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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The military GPS receiver market is estimated to grow at a CAGR of 5.1% in the coming six years. This growth is majorly attributed to the rising military expenditure in recent times along with the continued emphasis on the deployment of advanced M-Code GPS receivers by the different military forces around the globe.
The North American region is estimated to maintain its dominance in the global military GPS receiver market in the coming years. This growth can be primarily attributed to the extensive investments made by the US Department of Defense (DoD) in the deployment of advanced M-Code GPS receivers.
Aviation-based GPS receivers are likely to grow at the fastest pace in the market in the coming years. With the increasing use of digital technologies in the defense industry, GPS devices enable the proper and accurate provision of PNT (positioning, navigation, and timing) solutions for the aircraft during all phases of flight, which is critical in light of the growing military operations around the world. As a result, global defense authorities are heavily tapping into this market.
BAE Systems, RTX Corporation, Trimble Inc., L3Harris Technologies, Inc., General Dynamics Corporation, Thales Group, Israel Aerospace Industries, Mayflower Communications, Hertz Systems, and Juniper Systems Inc. are the leading players in the military GPS receiver market.
