Military GNSS Receivers Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2027

Market Highlights

Military GNSS receivers render unparalleled assistance to the armed, airborne, and marine forces on the battlefields, enabling the provision of the position, route, and velocity details of the targets. Over the past decade, with the modernization of the military forces, the demand and development of such advanced systems have grown immensely, fuelled by the rising national and political stalemates, across the globe. For instance, in the current Russia-Ukraine war, there has been a hefty growth in the deployment of GNSS receivers across the Russian infantry and armed units.

In addition to the ongoing conflicts and disputes, there have been several developments and investments in the defense industry directed at military GNSS receivers in recent years, which would boost the overall market. Some of them are:

• In February 2022, it was reported that Russia would switch from the GLONASS satellite navigation system to the traditional Loran-C system Chayka, a land-based radio navigation system, for its fighter planes and armored vehicles, for the invasion of Ukraine.

• In September 2021, China and Russia had an agreement to install their respective space agencies' GNSS ground monitoring stations (BeiDou and GLONASS) in the other country.

• With the increasing military operations as a result of the looming terror threats and geopolitical hostilities, several countries are focusing on strengthening the defense and offensive capabilities of their airborne, ground-based, and naval forces in order to ensure battlefield supremacy. Thus, in recent years, the deployment and usage of military GNSS receivers have witnessed a colossal rise, enabling better coordination among different military platforms and resulting in effective cross-platform interoperability and mission support. Consequently, the overall military GNSS receivers market is estimated to grow at a robust CAGR of 8.3% during the forecast period to reach a value of US$ 922.3 Million in 2027.

Market Segments' Analysis

Based on the product type, the market is segmented into GPS receivers and other GNSS receivers. Between these sub-segments, the military GPS receivers hold an unprecedented market share and are driving the global market growth, owing to massive investments in such devices, particularly by the US Department of Defense (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 the application type, the market is bifurcated into aviation-based, ground-based, PGM-based, handheld, and maritime equipment-based GNSS receivers. Among these sub-segments, the PGM-based application type is expected to remain the biggest demand generator for military GNSS receivers 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 the frequency type, the market is segmented as single frequency 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.

In terms of regions, North America dominates the global military GNSS receivers market and is expected to register a steady growth throughout the forecast period. The USA, in particular, accounts for a mammoth share of the overall market, owing to the large-scale investments of the country's Department of Defense (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 increasing military expenditure, rising regional terror threats, and continuous border conflicts between India-Pakistan and India-China, among others.

Key Players

The global market for military GNSS receivers is very competitive and highly consolidated, with the leading companies capturing the lion's market share. Apart from the technological expertize and financial capabilities, the growth of companies is directly dependent on government support and overall industry conditions. In addition, there have been some major mergers and acquisitions in the defense industry in recent years, which has had a great impact on the overall competitive landscape. For example:

• In July 2020, BAE Systems completed the acquisition of the Collins Aerospace's military GPS business division from Raytheon Technologies Corporation, at US$ 1.9 billion. As a result of this acquisition, BAE Systems became the undisputed market leader for military GPS receivers.

• In June 2019, L3 Technologies and Harris Corporation merged their businesses, to form L3Harris Technologies, Inc.

The entire market scenario has been affected as a result of these mergers and acquisitions. The following are the major players in the military GNSS receivers market:

• BAE Systems
• Thales
• L3Harris Technologies, Inc.
• Raytheon Technologies Corporation
• General Dynamics Corporation

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today's military GNSS receivers' market realities and future market possibilities for the forecast period of 2022 to 2027. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research's internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.

• Market environment analysis: Growth drivers and constraints, Porter's five forces analysis, SWOT analysis.

• Market trend and forecast analysis.

• Market segment trend and forecast.

• Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.

• Attractive market segments and associated growth opportunities.

• Emerging trends.

• Strategic growth opportunities for the existing and new players.

• Key success factors.

The military GNSS receivers' market is segmented into the following categories:

Military GNSS Receivers Market, by Product Type

• GPS Receivers (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Other GNSS Receivers (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Military GNSS Receivers Market, by Application Type

• Airborne-based GNSS Receivers (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Ground-based GNSS Receivers (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• PGM-based GNSS Receivers (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Handheld GNSS Receivers (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Maritime Equipment-based GNSS Receivers
• Maritime Equipment-based GNSS Receivers (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Maritime Equipment-based GNSS Receivers (Sub-Application Analysis: Surface Water-based GNSS Receivers and Underwater-based GNSS Receivers)

Military GNSS Receivers Market, by Frequency Type

• Single Frequency GNSS Receivers (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
• Dual Frequency GNSS Receivers (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Military GNSS Receivers Market, by Region

• North America (Country Analysis: The USA and Rest of North America)
• Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, India, Japan, and Rest of Asia-Pacific)
• Rest of the World