Military GNSS Anti-Jamming Systems Market to Reflect Impressive Growth Rate by 2025


Posted August 17, 2020 by bisrsrch

Focus on Component (Antenna, Receiver Unit), Element Number (Two, Four, Seven/Eight, Twelve/Sixteen), & Platform (Airborne, Ground, Naval, Munition)

 
The growth of the Military GNSS Anti-Jamming systems market is majorly due to the factors such as the impending need for the modernization of defense forces with resilient PNT solutions and strengthening deterrence capability against rising threats of jamming and interferences of GNSS signals. On account to counter cross-border conflicts, jamming and interference activities, the government and defense forces of leading countries are focusing on allocating defense budget for integrating the assured PNT systems in their forces. Countries such as the U.S., U.K., China, Japan, Germany, South Korea, and France are actively engaging in development activities of military GNSS anti-jamming systems with private and public defense equipment manufacturing companies.

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The military GNSS anti-jamming systems market has witnessed different market dynamics across various regions of the globe. Moreover, the key military GNSS anti-jamming systems manufacturing companies have witnessed a rising demand from countries such as the U.S., the U.K., China, and Russia.

Global military GNSS anti-jamming systems market size was valued at $1,480.0 million in 2019 and is projected to reach $2,035.7 million by 2025, registering a CAGR of 7.94% during the forecast period. North America dominated the military GNSS anti-jamming systems market with a share of 58.0% in 2019. The U.S. is one of the prominent countries in the world and recorded the highest market revenue of $791.4 million in 2019 and is expected to reach $1,108.7 million by 2025.

Europe, including major countries such as Russia, the U.K, Germany, and France, among others is the second-most prominent region for the military GNSS anti-jamming systems market. The military GNSS anti-jamming systems market in Europe reported revenue of $429.2 million in 2019 and is expected to grow at a CAGR of 6.46% during the forecast period. In Europe, the U.K. acquired the major market share 25.80% in 2019 with a CAGR of 6.73% during the forecast period.

Asia-Pacific, including the major countries, such as China, India, Japan, and South Korea among others, is the third most prominent region for the military GNSS anti-jamming systems market. The military GNSS anti-jamming systems market in Asia-Pacific reported a revenue of $133.2 million in 2019 and is expected to grow at a CAGR of 11.38% during the forecast period. In Asia-Pacific, China acquired the major market share of 86.0% in 2019 with a CAGR of 10.99% during the forecast period. This region is growing at a much faster rate as compared to North America and Europe and due to constant efforts by the governments of Asia-Pacific countries for strengthening their defense forces with much advanced electronic warfare and PNT systems.

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The global military GNSS anti-jamming systems market is in growth phase with the leading players actively competing against each other in research & development, and commercialization for defense forces to gain a greater share in the industry in the future. The competitive landscape of the military GNSS anti-jamming systems industry exhibits an inclination toward emerging strategies and developments by market players.

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Tags defense , military , military gnss antijamming systems , military gnss antijamming systems market , security
Last Updated August 17, 2020