Report code - SR2002Published On : Jun,2024No. of Pages: 134
Military GNSS Receiver Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2024-2030
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Military GNSS Receiver Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2024-2030
The Military GNSS Receiver Market is segmented by Product Type (GPS Receivers and Other GNSS Receivers), by Application Type (Aviation-Based GNSS Receivers, Ground-Based GNSS Receivers, Precision Guided Munition (PGM)-Based GNSS Receivers, Handheld GNSS Receivers, and Maritime Equipment-Based GNSS Receivers [Surface Water-Based GNSS Receivers and Underwater-Based GNSS Receivers]), by Frequency Type (Single-Frequency GNSS Receivers and Dual-Frequency GNSS Receivers), and by Region (North America [The USA and Rest of North America], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, India, Japan, and Rest of Asia-Pacific], and Rest of the World).
The Military GNSS Receiver Market is segmented by Product Type (GPS Receivers and Other GNSS Receivers), by Application Type (Aviation-Based GNSS Receivers, Ground-Based GNSS Receivers, Precision Guided Munition (PGM)-Based GNSS Receivers, Handheld GNSS Receivers, and Maritime Equipment-Based GNSS Receivers [Surface Water-Based GNSS Receivers and Underwater-Based GNSS Receivers]), by Frequency Type ...
“The Military GNSS Receiver Market is estimated to grow at an impressive CAGR of 5.2% during the forecast period to reach a value of US$ 954.3 million in 2030”.
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 and the Isarel-Hamas war, there has been a hefty growth in the deployment of GNSS receivers across the 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 significant rise, enabling better coordination among different military platforms, and resulting in effective cross-platform interoperability and mission support.
Recent Product Developments
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 April 2023,India’s first fully designed and developed NavIC Chip was introduced by Bengaluru-based Elena Geo Systems. The company plans to make 10,000 chips in the first batch and is supplying 200 NavIC receivers to the army through Bharat Electronics Limited.
In March 2023, Omsk Research Institute and Ruselectronics (Rostec) indigenously developed GPS and GLONASS navigation receivers for the Russian army (hand-held remotes with built-in global positioning antennas).
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.
In February 2021, GEODE (Galileo for EU Defense) commenced work on military user equipment for Galileo, the project to be sponsored by Belgium, Germany, Italy, France, and Spain.
Recent Contracts and Agreements
There have been several investments in the defense industry directed at the military GNSS receiver market in recent years, which would boost the overall market. Some of them have been mentioned below:
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 secured a contract worth US$ 319 million, with the Defense Information Systems Agency (DISA) to supply Miniature-PLGR-Engine-M-code cards to the U.S. Army.
In July 2023, Thales Alenia Space confirmed the signing of more than US$ 333.6 Million global amount contracts with the European Space Agency to design and build the Galileo Second Generation (G2G) Ground Mission Segment and execute System Engineering Activities.
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
Given the sensitive nature of the product, horizontal integration of GNSS 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 theundisputed 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
GPS Receivers and Other GNSS Receivers
GPS receiver is estimated to be the dominant segment whereas other GNSS receivers are expected to exhibit the fastest growth during the forecast period.
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 larger as well as the faster-growing frequency over the next six 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 six years, whereas Asia-Pacific is likely to grow at the fastest rate.
By Product Type
“GPS receiver is estimated to be the dominant segment whereas other GNSS receivers are expected to exhibit the fastest growth during the forecast period”.
The market is segmented into GPS receivers and other GNSS receivers. Between these sub-segments, the GPS receiver holds the lion’s share in the market, 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
“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”.
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 most sought-after segment 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 dual-frequency GNSS receivers are expected to remain the larger as well as the faster-growing frequency over the next six years”.
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
“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 dominates the global military GNSS receiver market and is expected to register steady growth throughout the forecast period. The USA, in particular, accounts for a mammoth market share, 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 growth of regional GNSS systems, 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 highly concentrated, with the top four companies capturing a 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 Receiver Market:
Note: The above list does not necessarily include all the top players in the market.
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Report Features
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How big is the sales opportunity?
In-depth Analysis of the Military GNSS 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
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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.
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BAE Systems plc, RTX Corporation, Trimble Inc., Thales Group, L3Harris Technologies, Inc., IAI (Israel Aerospace Industries), General Dynamics Corporation, Hertz Systems, Juniper Systems Inc., and Mayflower Communications are the key players in the market.