Navigation System Market Opportunities 2031
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.
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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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Navigation System Market - By Type
1.3.2Navigation System Market - By Application
1.3.3Navigation System Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.NAVIGATION SYSTEM MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER'S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.NAVIGATION SYSTEM MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.NAVIGATION SYSTEM MARKET - GLOBAL MARKET ANALYSIS
6.1.NAVIGATION SYSTEM - GLOBAL MARKET OVERVIEW
6.2.NAVIGATION SYSTEM - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.NAVIGATION SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.SATELLITE NAVIGATION SYSTEM
7.3.1.Overview
7.3.2.Satellite Navigation System Market Forecast and Analysis
7.4.SURGICAL NAVIGATION SYSTEM
7.4.1.Overview
7.4.2.Surgical Navigation System Market Forecast and Analysis
7.5.INERTIAL NAVIGATION SYSTEM
7.5.1.Overview
7.5.2.Inertial Navigation System Market Forecast and Analysis
8.NAVIGATION SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.AEROSPACE
8.3.1.Overview
8.3.2.Aerospace Market Forecast and Analysis
8.4.AUTOMOTIVE
8.4.1.Overview
8.4.2.Automotive Market Forecast and Analysis
8.5.DEFENSE
8.5.1.Overview
8.5.2.Defense Market Forecast and Analysis
8.6.MARINE
8.6.1.Overview
8.6.2.Marine Market Forecast and Analysis
9.NAVIGATION SYSTEM MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Navigation System Market Overview
9.1.2North America Navigation System Market Forecasts and Analysis
9.1.3North America Navigation System Market Forecasts and Analysis - By Type
9.1.4North America Navigation System Market Forecasts and Analysis - By Application
9.1.5North America Navigation System Market Forecasts and Analysis - By Countries
9.1.5.1United States Navigation System Market
9.1.5.1.1United States Navigation System Market by Type
9.1.5.1.2United States Navigation System Market by Application
9.1.5.2Canada Navigation System Market
9.1.5.2.1Canada Navigation System Market by Type
9.1.5.2.2Canada Navigation System Market by Application
9.1.5.3Mexico Navigation System Market
9.1.5.3.1Mexico Navigation System Market by Type
9.1.5.3.2Mexico Navigation System Market by Application
9.2.EUROPE
9.2.1Europe Navigation System Market Overview
9.2.2Europe Navigation System Market Forecasts and Analysis
9.2.3Europe Navigation System Market Forecasts and Analysis - By Type
9.2.4Europe Navigation System Market Forecasts and Analysis - By Application
9.2.5Europe Navigation System Market Forecasts and Analysis - By Countries
9.2.5.1Germany Navigation System Market
9.2.5.1.1Germany Navigation System Market by Type
9.2.5.1.2Germany Navigation System Market by Application
9.2.5.2France Navigation System Market
9.2.5.2.1France Navigation System Market by Type
9.2.5.2.2France Navigation System Market by Application
9.2.5.3Italy Navigation System Market
9.2.5.3.1Italy Navigation System Market by Type
9.2.5.3.2Italy Navigation System Market by Application
9.2.5.4United Kingdom Navigation System Market
9.2.5.4.1United Kingdom Navigation System Market by Type
9.2.5.4.2United Kingdom Navigation System Market by Application
9.2.5.5Russia Navigation System Market
9.2.5.5.1Russia Navigation System Market by Type
9.2.5.5.2Russia Navigation System Market by Application
9.2.5.6Rest of Europe Navigation System Market
9.2.5.6.1Rest of Europe Navigation System Market by Type
9.2.5.6.2Rest of Europe Navigation System Market by Application
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Navigation System Market Overview
9.3.2Asia-Pacific Navigation System Market Forecasts and Analysis
9.3.3Asia-Pacific Navigation System Market Forecasts and Analysis - By Type
9.3.4Asia-Pacific Navigation System Market Forecasts and Analysis - By Application
9.3.5Asia-Pacific Navigation System Market Forecasts and Analysis - By Countries
9.3.5.1Australia Navigation System Market
9.3.5.1.1Australia Navigation System Market by Type
9.3.5.1.2Australia Navigation System Market by Application
9.3.5.2China Navigation System Market
9.3.5.2.1China Navigation System Market by Type
9.3.5.2.2China Navigation System Market by Application
9.3.5.3India Navigation System Market
9.3.5.3.1India Navigation System Market by Type
9.3.5.3.2India Navigation System Market by Application
9.3.5.4Japan Navigation System Market
9.3.5.4.1Japan Navigation System Market by Type
9.3.5.4.2Japan Navigation System Market by Application
9.3.5.5South Korea Navigation System Market
9.3.5.5.1South Korea Navigation System Market by Type
9.3.5.5.2South Korea Navigation System Market by Application
9.3.5.6Rest of Asia-Pacific Navigation System Market
9.3.5.6.1Rest of Asia-Pacific Navigation System Market by Type
9.3.5.6.2Rest of Asia-Pacific Navigation System Market by Application
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Navigation System Market Overview
9.4.2Middle East and Africa Navigation System Market Forecasts and Analysis
9.4.3Middle East and Africa Navigation System Market Forecasts and Analysis - By Type
9.4.4Middle East and Africa Navigation System Market Forecasts and Analysis - By Application
9.4.5Middle East and Africa Navigation System Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Navigation System Market
9.4.5.1.1South Africa Navigation System Market by Type
9.4.5.1.2South Africa Navigation System Market by Application
9.4.5.2Saudi Arabia Navigation System Market
9.4.5.2.1Saudi Arabia Navigation System Market by Type
9.4.5.2.2Saudi Arabia Navigation System Market by Application
9.4.5.3U.A.E Navigation System Market
9.4.5.3.1U.A.E Navigation System Market by Type
9.4.5.3.2U.A.E Navigation System Market by Application
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Navigation System Market Overview
9.5.2South and Central America Navigation System Market Forecasts and Analysis
9.5.3South and Central America Navigation System Market Forecasts and Analysis - By Type
9.5.4South and Central America Navigation System Market Forecasts and Analysis - By Application
9.5.5South and Central America Navigation System Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Navigation System Market
9.5.5.1.1Brazil Navigation System Market by Type
9.5.5.1.2Brazil Navigation System Market by Application
9.5.5.2Argentina Navigation System Market
9.5.5.2.1Argentina Navigation System Market by Type
9.5.5.2.2Argentina Navigation System Market by Application
9.5.5.3Rest of South and Central America Navigation System Market
9.5.5.3.1Rest of South and Central America Navigation System Market by Type
9.5.5.3.2Rest of South and Central America Navigation System Market by Application
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.NAVIGATION SYSTEM MARKET, KEY COMPANY PROFILES
11.1.ADVANCED NAVIGATION INC.
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.COBHAM PLC
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.COLLINS AEROSPACE (A RAYTHEON TECHNOLOGIES COMPANY)
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.GARMIN LTD.
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.HONEYWELL INTERNATIONAL INC.
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.KVH INDUSTRIES INC.
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.NORTHROP GRUMMAN CORPORATION
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.SAFRAN
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.SBG SYSTEMS SAS
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.TRIMBLE NAVIGATION INC.
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1. Advanced Navigation Inc.
2. Cobham Plc
3. Collins Aerospace (a Raytheon Technologies Company)
4. Garmin Ltd.
5. Honeywell International Inc.
6. KVH Industries Inc.
7. Northrop Grumman Corporation
8. Safran
9. SBG Systems SAS
10. Trimble Navigation Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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