Military GNSS Anti Jamming Systems Market to Perceive Biggest Trend and Opportunity by 2025
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.
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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The key players that are actively participating in the Military GNSS Anti-Jamming systems market include BAE Systems, Boeing, Chemring Group PLC, Curtiss-Wright Corporation, Cobham Limited, Elbit Systems Ltd., Israel Aerospace Industries Ltd., Lockheed Martin Corporation, L3 Harris Technologies Inc., QinetiQ, Raytheon Technologies Corporation and Thales Group, Mayflower Communications, NovAtel, Orolia, and Hertz Systems among others.
The prominent players in the Military GNSS Anti-Jamming systems market adopted strategies of product launches, mergers and acquisitions, partnerships and collaborations, contracts, and other strategies to expand their business. The companies are also involved in some of the other developments that include demonstration, integration, and business expansion. Due to the intensive competition, the military GNSS anti-jamming systems industry requires manufacturers to constantly innovate and develop cost-effective products. The existing companies as well as new entrants, which aim to develop next-generation solutions in adherence with the existing and forthcoming industry standards for various end user applications. The market is likely to grow rapidly with the innovations in the fields of assured PNT solutions, and electronic warfare which offer longer endurance and higher efficiency.