Global Military Navigation Market Size Study, By Type, Application and Regional Forecasts 2027

Global Military Navigation Market Size Study, By Type, Application and Regional Forecasts 2027

Military Navigation Market is expected to grow at a CAGR of 6.4% during the forecast period and market is expected to reach US$ 16.62 Bn. by 2029.

Market Overview

Maximize Market Research a business consulting firm has published a business intelligence report on Embedded SIM (eSIM) Market. The report covers the in depth analysis of the market and provides the market overview through common subjects that are highlighted with the unique data based on the need. It also helps in determining the future potential of the Embedded SIM (eSIM) Market in upcoming next few years during the forecast period. The report provides us the dominant market drivers and the restraints and good opportunities as well as challenges.

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Market Scope

The report published emphasizes the micro and the macro market insights of manufacturers, suppliers, distributors, and investors in the global market. The research are conducted on primary and secondary basis which gives the best strategies for investment in the market globally. It focuses on the major key players and dominant regions of the market. It covers the market trends and future insights in terms of demand and supply chain, sales as well as recent changes in economic and political effects on the market.

Segmentation

By component, the hardware segment dominated the market in 2021 and is projected to witness fast growth at a CAGR of 6.4% during the forecast period. Hardware segment is further categorized into GPS receiver, anti-jamming device, SONAR, radar and others. Among these, GPS receiver segment is projected to witness fast growth at a CAGR of 6.4% during the forecast period. Growing government investments and budgets in military and defense sector across the world, rising number of various military operations and growing demand for new generation defense equipment is attributed to the growth of the market.For instance, MMR study found that, for fiscal year 2021 the US department of defence have allocated military budget of $721.5 Bn. China’s defence budget for 2021 is amounted for US$ 179 Bn and India’s budget is amounted to US$ 65.86 Bn for the same year. These numbers are ultimately indicating the huge growth for military navigation market across the globe.

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Key Players

• Cobham
• Esterline Technologies
• Garmin Ltd
• GE Aviation
• Honeywell International
• Israel Aerospace Industries
• KVH Industries
• LORD MicroStrain
• L3 Technologies
• Moog
• Northrop Grumman
• Raytheon
• Rockwell Collins
• Navico
• Intelsat

Regional Analysis

Embedded SIM (eSIM) Market Region dominated the Embedded SIM (eSIM) Market in 2021 and is expected to grow more significantly during the forecasted period. The geographical influence to the market is also undertaken while analysing the market to gain a better perspective and understanding of the market and target audience. The massive growth in the industry coupled with the rising population and the demand in the region is influencing the market growth.

Key Questions answered in the Embedded SIM (eSIM) Market Report are:

  • What is Embedded SIM (eSIM) Market?
  • What is the forecast period of the Embedded SIM (eSIM) Market?
  • What is the competitive scenario of the Embedded SIM (eSIM) Market?
  • Which region held the largest market share in the Embedded SIM (eSIM) Market?
  • What are the opportunities for the Embedded SIM (eSIM) Market?
  • What factors are affecting the Embedded SIM (eSIM) Market growth?
  • Who are the key players of the Embedded SIM (eSIM) Market?
  • Which company held the largest share in the Embedded SIM (eSIM) Market?
  • What will be the CAGR of the Embedded SIM (eSIM) Market during the forecast period?
  • What key trends are likely to emerge in the Embedded SIM (eSIM) Market in the coming years?

Key offerings:

  • Market Share, Size, and Forecast by Revenue|2022-2029
  • Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
  • Market Segmentation: A detailed analysis by Embedded SIM (eSIM) Market
  • Landscape- Leading key players and other prominent key players.

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