Navigation System Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

The navigation systems play a very crucial parameter while traversing. The market players in the navigation system market are continuously emphasizing newer technologies with an aim to develop robust systems, which is attracting the OEMs. This factor is acting as a catalyzer in the navigation system market. Additionally, the growing demand for ADAS among the automotive OEMs is boosting the navigation system market.

MARKET DYNAMICS

The advancements in the defense sector in terms of guided projectiles and self-guided projectiles is significantly demanding technologically advanced navigation systems to integrate on the projectiles. This factor is driving the navigation system market. The, commercial mariners are also demanding the advanced navigation system to enhance respective oceanic routes. This is catalyzing the navigation system market. The continuous progression in development of autonomous vehicle, the requirement for navigation system is surging, which is expected to bolster the navigation system market.

MARKET SCOPE

The "Global Navigation System Market Analysis to 2031" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the navigation system market with detailed market segmentation- type, application, and geography. The global navigation system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading navigation system market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global navigation system market is segmented on the basis of type, application. Based on type, the navigation system market is segmented into satellite navigation system, surgical navigation system, and inertial navigation system. On the basis of application, the navigation system market is segmented into aerospace, automotive, defense, and marine.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global navigation system market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The navigation system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the navigation system market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis in the navigation system market globally.

MARKET PLAYERS

The reports cover key developments in the navigation system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from navigation system market are anticipated to lucrative growth opportunities in the future with the rising demand for navigation system in the global market. Below mentioned is the list of few companies engaged in the navigation system market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the navigation system market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Advanced Navigation Inc.
  
•   Cobham Plc
  
•   Collins Aerospace (a Raytheon Technologies Company)
  
•   Garmin Ltd.
  
•   Honeywell International Inc.
  
•   KVH Industries Inc.
  
•   Northrop Grumman Corporation
  
•   Safran
  
•   SBG Systems SAS
  
•   Trimble Navigation Inc.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Navigation System Report Scope