Market Overview:
The global navigation equipment market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for automotive navigation systems, global positioning system (GPS) devices, marine navigation systems, surgical navigation systems, and inertial navigation systems (INS). Additionally, the increasing adoption of robotics in various industrial applications is also contributing to the growth of this market. However, factors such as high installation and maintenance costs are restraining the growth of this market. On the basis of type, the global navigation equipment market can be segmented into automotive navigation system, GPS device, marine navigation system,, surgical Navigation System,, INS,, and robotic Navigation System,. The automotive navigaion system segment is expected to account for a major share ofthe global navigatinon equipment markeet in 2018 owingto its growing demand fromthe passenger carand commercial vehicle segments. On tge basis og application,.However,.
Product Definition:
The purpose of navigation equipment is to help a vessel or aircraft determine its location and maintain course. Navigation equipment includes devices such as compasses, Global Positioning Systems (GPS), and Loran-C receivers. The use of navigation equipment is important because it allows vessels and aircraft to safely travel to their destinations.
Automotive Navigation System:
Automotive navigation system is a GPS-based system that helps the driver to get information related to traffic, road signs, etc. The automotive navigation systems market is expected to witness significant growth over the forecast period owing to increasing demand for in-car safety features and advanced mapping technologies.
The global automotive navigation systems market was valued at USD 3,072 million in 2015 and is projecteded grow with CAGR of XX% from 2016 - 2026.
Global Positioning System:
Global positioning system (GPS) is a satellite-based navigation system that provides real-time location information. It enables users to receive precise location information, which can be used for various applications such as driving directions, mapping routes, and so on. GPS technology has evolved over the years; initially it was limited to military and commercial applications but now it is widely used in personal navigation devices too.
Application Insights:
The defense segment dominated the global navigation equipment market in 2017, accounting for over 60.0% share of the overall revenue. The growth can be attributed to increasing investments by governments in advanced systems to ensure safe and secure transportation of troops and assets on land, at sea, and in airways. Furthermore Navigation Systems (Navigation Equipment) are used across multiple applications such as military & defense, aviation & aerospace etc., which is expected to drive the demand further over the forecast period.
The commercial segment is anticipated register a significant CAGR from 2018 to 2030 owing to growing adoption of Global Positioning System (GPS) devices for mobile phones and laptops among other uses such as tracking vehicles or animals for farming activities or sports events etc., Increasing use of these devices with smartwatches & fitness bands is also expected fuel industry growth over next few years.
Regional Analysis:
North America dominated the global market in 2017. The U.S., as well as Canada, are among the top consumers of navigation equipment owing to their extensive road networks and high adoption rate of latest technologies across various applications. Asia Pacific is expected to be the fastest-growing regional market from 2018 to 2030 due to increasing disposable income levels and rapid development of automotive industry in emerging economies such as India, China, Indonesia, Malaysia and Thailand. Moreover, growing demand for advanced driver assistance systems (ADAS) coupled with rising investments by OEMs is also anticipated to drive growth over the forecast period.
Growth Factors:
- Increasing demand for navigation equipment from the commercial sector
- Growing number of maritime accidents and need for navigational safety measures
- Development of advanced and innovative navigational equipment
- Rising demand for portable navigation devices
- Growing popularity of recreational boating
Scope Of The Report
Report Attributes
Report Details
Report Title
Navigation Equipment Market Research Report
By Type
Automotive Navigation System, Global Positioning System, Marine Navigation System, Surgical Navigation System, Inertial Navigation System, Robotic Navigation
By Application
Defense, Commercial
By Companies
Honeywell International Inc., Northrop Grunman, Rockwell Collins, KVH Industries, Raytheon Company, Advanced Navigation, SBG Systems, Trimble Navigation, Atlantic Inertial System
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Navigation Equipment Market Report Segments:
The global Navigation Equipment market is segmented on the basis of:
Types
Automotive Navigation System, Global Positioning System, Marine Navigation System, Surgical Navigation System, Inertial Navigation System, Robotic Navigation
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Defense, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Honeywell International Inc.
- Northrop Grunman
- Rockwell Collins
- KVH Industries
- Raytheon Company
- Advanced Navigation
- SBG Systems
- Trimble Navigation
- Atlantic Inertial System
Highlights of The Navigation Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Automotive Navigation System
- Global Positioning System
- Marine Navigation System
- Surgical Navigation System
- Inertial Navigation System
- Robotic Navigation
- By Application:
- Defense
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Navigation Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Navigation equipment is any device or system used to help a person find their way around. This can include devices like GPS systems, compasses, and maps.
Some of the major players in the navigation equipment market are Honeywell International Inc., Northrop Grunman, Rockwell Collins, KVH Industries, Raytheon Company, Advanced Navigation, SBG Systems, Trimble Navigation, Atlantic Inertial System.
The navigation equipment market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Navigation Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Navigation Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Navigation Equipment Market - Supply Chain
4.5. Global Navigation Equipment Market Forecast
4.5.1. Navigation Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Navigation Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Navigation Equipment Market Absolute $ Opportunity
5. Global Navigation Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Navigation Equipment Market Size and Volume Forecast by Type
5.3.1. Automotive Navigation System
5.3.2. Global Positioning System
5.3.3. Marine Navigation System
5.3.4. Surgical Navigation System
5.3.5. Inertial Navigation System
5.3.6. Robotic Navigation
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Navigation Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Navigation Equipment Market Size and Volume Forecast by Application
6.3.1. Defense
6.3.2. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Navigation Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Navigation Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Navigation Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Navigation Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Navigation Equipment Demand Share Forecast, 2019-2026
9. North America Navigation Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Navigation Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Navigation Equipment Market Size and Volume Forecast by Application
9.4.1. Defense
9.4.2. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Navigation Equipment Market Size and Volume Forecast by Type
9.7.1. Automotive Navigation System
9.7.2. Global Positioning System
9.7.3. Marine Navigation System
9.7.4. Surgical Navigation System
9.7.5. Inertial Navigation System
9.7.6. Robotic Navigation
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Navigation Equipment Demand Share Forecast, 2019-2026
10. Latin America Navigation Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Navigation Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Navigation Equipment Market Size and Volume Forecast by Application
10.4.1. Defense
10.4.2. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Navigation Equipment Market Size and Volume Forecast by Type
10.7.1. Automotive Navigation System
10.7.2. Global Positioning System
10.7.3. Marine Navigation System
10.7.4. Surgical Navigation System
10.7.5. Inertial Navigation System
10.7.6. Robotic Navigation
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Navigation Equipment Demand Share Forecast, 2019-2026
11. Europe Navigation Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Navigation Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Navigation Equipment Market Size and Volume Forecast by Application
11.4.1. Defense
11.4.2. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Navigation Equipment Market Size and Volume Forecast by Type
11.7.1. Automotive Navigation System
11.7.2. Global Positioning System
11.7.3. Marine Navigation System
11.7.4. Surgical Navigation System
11.7.5. Inertial Navigation System
11.7.6. Robotic Navigation
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Navigation Equipment Demand Share, 2019-2026
12. Asia Pacific Navigation Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Navigation Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Navigation Equipment Market Size and Volume Forecast by Application
12.4.1. Defense
12.4.2. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Navigation Equipment Market Size and Volume Forecast by Type
12.7.1. Automotive Navigation System
12.7.2. Global Positioning System
12.7.3. Marine Navigation System
12.7.4. Surgical Navigation System
12.7.5. Inertial Navigation System
12.7.6. Robotic Navigation
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Navigation Equipment Demand Share, 2019-2026
13. Middle East & Africa Navigation Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Navigation Equipment Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Navigation Equipment Market Size and Volume Forecast by Application
13.4.1. Defense
13.4.2. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Navigation Equipment Market Size and Volume Forecast by Type
13.7.1. Automotive Navigation System
13.7.2. Global Positioning System
13.7.3. Marine Navigation System
13.7.4. Surgical Navigation System
13.7.5. Inertial Navigation System
13.7.6. Robotic Navigation
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Navigation Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Navigation Equipment Market: Market Share Analysis
14.2. Navigation Equipment Distributors and Customers
14.3. Navigation Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Honeywell International Inc.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Northrop Grunman
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Rockwell Collins
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. KVH Industries
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Raytheon Company
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Advanced Navigation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. SBG Systems
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Trimble Navigation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Atlantic Inertial System
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
