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  • Military GNSS Receivers Market Analysis | 2023-2028

    Military GNSS Receivers Market Analysis | 2023-2028

    Military GNSS Receivers Market Analysis | 2023-2028
    Report code - SR2002 Published On : Nov,2023 No. of Pages: 160
    Military GNSS Receivers Market Size, Share, Trend, Forecast, Competitive Analysis, and Gro See more...

    Market Highlights

    The Military GNSS Receivers Market is estimated to grow at a robust CAGR of 7.9% during the forecast period to reach a value of US$ 1.0 billion in 2028.

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    Military GNSS receivers render unparalleled assistance to the armed, airborne, and marine forces on the battlefields, enabling the provision of the position, route, and velocity details of the targets. Over the past decade, with the modernization of the military forces, the demand and development of such advanced systems have grown immensely, fuelled by the rising national and political stalemates, across the globe. For instance, in the ongoing Russia-Ukraine war, there has been a hefty growth in the deployment of GNSS receivers across the Russian infantry and armed units.

    With increasing military operations as a result of looming terror threats and geopolitical hostilities, several countries are focusing on strengthening the defense and offensive capabilities of their airborne, ground-based, and naval forces to ensure battlefield supremacy. Thus, in recent years, the deployment of military GNSS receivers has witnessed a colossal rise, enabling better coordination among different military platforms and resulting in effective cross-platform interoperability and mission support.

    Segments Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Product-Type Analysis

    GPS Receivers and Other GNSS Receivers

    GPS receivers are estimated to be the dominant segment whereas other GNSS receivers are expected to exhibit the fastest growth during the forecast period.

    Application-Type Analysis

    Aviation-based GNSS Receivers, Ground-based GNSS Receivers, PGM-based GNSS Receivers, Handheld GNSS Receivers, and Maritime Equipment-based GNSS Receivers

    PGM-based GNSS receivers are likely to maintain their market dominance in the coming years, whereas aviation-based GNSS receivers are likely to grow at the fastest rate.

    Frequency-Type Analysis

    Single-Frequency GNSS Receivers and Dual-Frequency GNSS Receivers

    The dual-frequency GNSS receivers are expected to remain the largest as well as the fastest-growing segment over the next five years.

    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 five years, whereas Asia-Pacific is likely to grow at the fastest rate.

     

    By Product Type

    The market is segmented into GPS receivers and other GNSS receivers. Between these sub-segments, the military GPS receivers hold an unprecedented market share and are driving the global market growth, owing to massive investments in such devices, particularly by the US DoD. Although there have been some market developments in other GNSS receivers in countries such as China and Russia, they are minor in comparison to the dominance of GPS receivers.

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    By Application Type

    The market is bifurcated into aviation-based GNSS receivers, ground-based GNSS receivers, PGM-based GNSS receivers, handheld GNSS receivers, and maritime equipment-based GNSS receivers. Among these sub-segments, the PGM-based GNSS receivers are expected to remain the biggest demand generators for military GNSS receivers in the foreseen future. GNSS receivers form an integral component of the PGMs, which are in high demand, as a result of the rising border conflicts and terror threats.

    By Frequency Type

    The market is classified as single-frequency GNSS receivers and dual-frequency GNSS receivers. Between these frequency types, dual-frequency is the more commonly used frequency type for military GNSS receivers as it provides enhanced accuracy and is more resistant to multipath errors, which are common in single-frequency GNSS receivers. Furthermore, if one of the frequencies fails, the other serves as a backup, ensuring uninterrupted signal transmission.

    Regional Analysis

    In terms of regions, North America dominates the global military GNSS receivers market and is expected to register steady growth throughout the forecast period. The USA, in particular, accounts for a mammoth share of the overall market, owing to the large-scale investments of the US DoD in the development and procurement of military GNSS receivers. Concurrently, Asia-Pacific is estimated to witness the fastest market growth in the foreseen future, due to the increasing military expenditure, rising regional terror threats, and continuous border conflicts between India-Pakistan and India-China, among others.

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    Key Players

    The global market for military GNSS receivers is very competitive and highly consolidated, with the leading companies capturing the lion’s market share. Apart from technological expertise and financial capabilities, the growth of companies is directly dependent on government support and overall industry conditions. The following are the key players in the military GNSS receivers market:

    • BAE Systems plc
    • Raytheon Technologies Corporation
    • Trimble Inc.
    • Thales Group
    • L3Harris Technologies, Inc.

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    Research Methodology

    This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s military GNSS receiver's 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.

    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 GNSS Receivers Market

    How lucrative is the future?

    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?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    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?

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    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Recent News & Developments

    Recent Product Developments: In addition to the ongoing conflicts and disputes, there have been several developments regarding the military GNSS receivers in recent years. Some of them are:

    • In June 2023, BAE Systems unveiled NavGuide, a next-generation assured-positioning, navigation, and timing (A-PNT) device featuring M-Code GPS technology.
    • In February 2022, it was reported that Russia would switch from the GLONASS satellite navigation system to the traditional Loran-C system Chayka, a land-based radio navigation system, for its fighter planes and armored vehicles, for the invasion of Ukraine.
    • In September 2021, China and Russia had an agreement to install their respective space agencies' GNSS ground monitoring stations (BeiDou and GLONASS) in the other country.
    • In September 2021, Collins Aerospace unveiled the MUNS GPS receiver, a military underwater navigation system that provides divers with precise position and includes secure anti-jamming capabilities during deep sea missions.
    • 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.

    Recent Contracts and Agreements: There have been several investments in the defense industry directed at the military GNSS receivers’ market in recent years, which would boost the overall market. Some of them have been mentioned below:

    • In September 2023, BAE Systems signed a contract worth US$318 million, with the US Army to procure M-Code GPS cards integrated into positioning, navigation, and timing (PNT) systems.
    • In September 2022, Raytheon Intelligence & Space signed a ten-year contract worth US$ 375 million, with the Federal Aviation Administration to develop the dual frequency operation (DFO) upgrades for the WAAS, a space-based precision navigation system.
    • In July 2022, Germany received its initial shipment of anti-spoofing and anti-jamming M-Code GPS receivers from BAE Systems, marking the first instance of this equipment being sold to a non-US entity. The order for an undisclosed number of GPS receivers was placed by Germany in 2020, and the contract was managed by the US Space Systems Command (SSC).

    Recent Market JVs and Acquisitions: Over the past few years, there have been a fair number of strategic alliances, including M&As, JVs, etc., across the globe. Some of them have been mentioned below:

    • 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.

    A Bird's Eye View of the Market

    The military GNSS receivers market is estimated to grow at a CAGR of 7.9% in the coming five years. This growth is primarily attributed to the rising military expenditure in recent times, along with the continued emphasis on the development and deployment of advanced dual-frequency GNSS receivers by different military forces, around the globe. In addition, as a result of the increasing border clashes, such as the Russia-Ukraine war in 2022, the market is poised to grow at an accelerated pace in the years to come.

    BAE Systems plc, Raytheon Technologies Corporation, Trimble Inc., Thales Group, and L3Harris Technologies, Inc. are some of the major players in the military GNSS receivers market. Some of the other major players are General Dynamics Corporation, Hertz Systems, IAI, Juniper Systems Inc., and Mayflower Communications.

    The North American region is estimated to maintain its supremacy and drive the global military GNSS receivers market in the coming years. This growth can be primarily attributed to the substantial investments made by the US DoD in military GNSS receivers, as well as the active presence of major market players such as BAE Systems, L3Harris Technologies, Inc., Raytheon Technologies Corporation, and General Dynamics Corporation, which are among the regions major contractors for military GNSS receivers.

    Aviation-based GNSS receivers are estimated to grow at the fastest pace in the global market in the coming years. With the increasing penetration of digitization in the defense industry, these advanced devices enable the proper and accurate provision of communication, navigation, and surveillance solutions for the aircraft during all phases of flight, which is critical in light of the growing military missions around the world. As a result, global defense organizations are heavily tapping into this market.

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