About Navigation System
A navigation system is a defined as instruments which helps in determining the position of a particular place or person. It acts as a guide map and is basically segmented based on the source the signal frequency is emitted. With rising demand for inbuilt GPS modules in automobiles along with surging demand for autonomous vehicles, key vehicle manufacturers are focusing on undertaking partnership and agreements with component manufacturers.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 9.3% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Navigation System market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Garmin Ltd. (United States), Rockwell Collins (United States), KVH Industries (United States), Esterline Technologies (United States), Honeywell (United States), Lord Microstrain (United States), Northrop Grunman (United States), Raytheon (United States), Trimble Navigation (United States), L3 Communications (United States) and Moog Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Sagem (France), SBG Systems (France) and Advanced Navigation (Australia).
Segmentation Overview
AMA Research has segmented the market of Global Navigation System market by Type (Automotive Navigation System, Global Positioning System (GPS), Marine Navigation System, Surgical Navigation System, Inertial Navigation System, Robotic Navigation and Others), Application (Military, Aviation, Maritime, Transportation, Fleet Management, Automotive and Others) and Region.
On the basis of geography, the market of Navigation System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment Model, the sub-segment i.e. Standalone tracker will boost the Navigation System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The rise in demand for a more accurate, real-time tracking and monitoring facility and Increasing adoption of autonomous vehicles in developed economies
Market Growth Drivers:
Growing adoption of e-hailing services across the globe, Increasing demand for aircrafts and missiles in developing economies and Increasing smart mobility applications
Challenges:
Lack of network infrastructure in underdeveloped areas and accuracy of location and Clock inaccuracy and orbit shift of satellites are likely to provide technical challenges to GPS usage
Restraints:
Licensing, strict rules, and regulations by government in various countries across the globe
Opportunities:
Integration of INS with other navigation systems
Market Leaders and their expansionary development strategies
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.
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.
Key Target Audience
Manufacturers, Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.