Military GNSS Receivers Market is Forecasted to Reach US$ 954.3 Million in 2030, Says Stratview Research

Stratview Research, a global market research firm, has launched a report on the global Military GNSS Receivers Market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.

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Market Statistics:

Market Size in 2030: US$ 954.3 million

Growth (CAGR): 5.2% during 2024-2030

Leading Product Type: GPS receiver

Leading Application Type: PGM-Based GNSS Receivers

Leading Mechanism Type: Hydraulic thrust reversers

Leading Frequency Type: Dual-frequency GNSS receivers

Leading Region: North America

Forecast Period: 2024-2030

Trend Period: 2018-2022

Base Year: 2023

Number of Segments Covered: 4

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights & Market Share Analysis of the Military GNSS Receivers Market:

The global Military GNSS Receivers Market is segmented based on Product type, Application type, Frequency type, and region.

Based on 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.

Based on 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.

Based on 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.

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Which region shows the most promising growth forecast and opportunity?

The analysis suggests that North America is expected to remain the largest market during this period. This growth outlook is mainly attributed to the following:

·      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.

Military GNSS Receivers Market Drivers:

Some of the key drivers listed in the report are given below.

·      Rising demand for precision navigation and targeting in modern warfare.

·      Increasing defense budgets and modernization programs across major economies.

·      Growing reliance on satellite-based communication and situational awareness.

·      Advancements in anti-jamming and anti-spoofing technologies for secure operations.

·      Expanding use of unmanned systems (UAVs, UGVs, USVs) requiring robust GNSS support.

Competitive Landscape: Top 10 Companies in the Military GNSS Receivers Market:

The market is moderately fragmented, with over 20 players. Most of the major players compete on some of the governing factors, including price, service offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players:

·      BAE Systems plc

·      L3Harris Technologies, Inc.

·      RTX Corporation (Raytheon Technologies Corporation)

·      Thales Group

·      Trimble Inc.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the data center liquid cooling market, answering critical questions like

-       How big is the sales opportunity?

-       Which regions offer the best sales opportunities?

-       Which are the most attractive market segments?

-       Which are the top players and their market positioning?

-       How complex is the business environment?

-       What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

Related Reports:

-      GPS Tracking Device Market

-      Military GPS Receivers Market 

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About us –

Stratview Research is a global market research and consulting firm that highly specializes in IT & telecom, aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to make convincing business decisions.

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