Military GPS Device In Global Market Will Grow At A CAGR Of 3.69% During The Period 2016 – 2020

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GPS-enabled devices render large amount of assistance to a country’s armed forces on battlefields. In the modern-day scenario of combat, the need to be technically advanced and the ability to achieve precision strike with minimum self-loss are taking the center stage. This has resulted in greater use of GPS-guided devices and weapons by soldiers.

Technavios analysts forecast the global military GPS device market to grow at a CAGR of 3.69% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global military GPS device market for 2016-2020. To calculate the market size, the report considers the expenditure of each of the three regions (Americas, EMEA, and APAC) to acquire these military GPS devices for enhanced performance of warfighters.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio’s report, Global Military GPS Device Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
BAE Systems
Lockheed Martin
Northrop Grumman
Raytheon
Rockwell Collins

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Other prominent vendors
Garmin
Harris
Thales

Market driver
Development of unmanned GPS-controlled vehicles
For a full, detailed list, view our report

Market challenge
Hacking of GPS devices
For a full, detailed list, view our report

Market trend
Anti-jamming GPS devices
For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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