Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 296.15 Billion | USD 562.94 Billion | 8.36% | 2024 |
FrequentlyAsked Questions
Defense navigation is the use of systems, technologies, and methodologies that determine the correct position, movement, and direction of military personnel, aircraft, vehicles, and naval vessels. These systems are essential for target tracking, mission planning, and operational coordination in combat and non-combat situations.
The global defense navigation market is projected to grow due to the rising proliferation of unmanned systems, increasing military conflicts, and the integration of machine learning (ML) and artificial intelligence (AI).
According to study, the global defense navigation market size was worth around USD 296.15 billion in 2024 and is predicted to grow to around USD 562.94 billion by 2034.
The CAGR value of the defense navigation market is expected to be approximately 8.36% from 2025 to 2034.
North America is expected to lead the global defense navigation market during the forecast period.
The key players profiled in the global defense navigation market include Raytheon Technologies Corporation, Northrop Grumman Corporation, Lockheed Martin Corporation, BAE Systems plc, Thales Group, Honeywell International Inc., L3Harris Technologies, Inc., Safran S.A., Collins Aerospace, General Dynamics Corporation, Elbit Systems Ltd., Leonardo S.p.A., Trimble Inc., IAI (Israel Aerospace Industries), and Cobham Limited.
The report examines key aspects of the defense navigation market, including a detailed discussion of existing growth factors and restraints, as well as future growth opportunities and challenges that impact the market.
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