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Navigation Equipment Market 2019-2027, Credence Research | Size, Share & Forecast

According to a new market research report published by Acute Market Reports “Global Navigation Equipment Market- Growth, Future Prospects and Competitive Analysis, 2019 – 2027“, the overall navigation equipment market worldwide is set to grow with a CAGR of more than 5% during the forecast period from 2019 to 2027.

Market Insights

The global navigation equipment market is highly driven by growing penetration of mobile and internet technologies. Additionally, growing need for more accurate, real-time tracking and monitoring facility, rapid advancements in aerospace, military and defense industry are also expected to fuel the growth of navigation equipment market during the forecast period. Furthermore, there is rapid development in the user interface and responsiveness of these systems which is also anticipated to fuel the market growth. The navigation equipment providers collaborate with wireless network providers for data access, which works for the development of the market.

Browse the full report at https://www.acutemarketreports.com/report/navigation-equipment-market

Moreover, improvisation in the navigation systems such as voice assistants, increased accuracy and ability to provide predictive updates are likely to offer significant growth opportunities to the players operating in this market, globally. However, the pressure to maintain the safety standards, issues with directional and distance accuracy and storage limitations are some of the factors that are expected to restrain the growth of the navigation equipment market during the forecast period.

Based on type, the marine navigation system is projected to witness a growth of around 12% during the forecast period. The technological evolution has led to enhancements in the design and development of marine navigation systems. Growing penetration of advanced technologies in various industrial sectors are likely to fuel the adoption of marine navigation systems.

Based on geography, North America dominates the navigation equipment market by holding the largest market share of nearly 33% of the total revenue generated worldwide. As US is a technological hub, a large number of companies operating in the navigation equipment market have a huge presence in this country. Additionally, the companies and government organizations conduct high investments in research and development of advanced technologies. The growing adoption of navigation systems in various personal, as well as commercial sectors, also attributed to the huge market of navigation systems in North America.

Though North America dominates the market, Asia-Pacific is expected to witness the highest growth during the forecast period. Emerging countries such as India and China are considered to showcase a significant potential in the global navigation equipment market, during the forecast period. Other countries in Europe, Asia-Pacific, and the Middle East region are also investing in the market, to strengthen their navigation capabilities, this driving the growth of the navigation equipment market in this region.

Some of the major companies profiled in the report include Navigation Equipment Market include Honeywell International Inc., Northrop Grunman, Rockwell Collins, KVH Industries, SAGEM, Raytheon Company, Advanced Navigation, SBG Systems, Trimble Navigation and Atlantic Inertial System.

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Key research study highlights comprise:

a.            Exhaustive research and analysis of the global Navigation Equipment industry

b.            The key market segments along have been explained in the report thoroughly along with their existing and estimated market size

c.             Major elements of market dynamics such as drivers, challenges and opportunities and their effect on Navigation Equipment market is also covered in the report

d.            Key players operating in the market are profiled and accompanied by the competitive landscape evaluated on the basis of product offering & business strength

e.            Cross-sectional analysis of each region covering individual segments for the forecast period 2016 – 2018 in terms of value (US$Mn)

The participants tracked for primary interviews include:

•             Marketing/product managers

•             Vice President/ CEOs

•             National sales managers

•             Market intelligence managers

•             Distributors

•             Purchasing managers

•             Other stakeholders

ToC:
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II-Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted

Chapter 2 Executive Summary
…………

Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global Navigation Equipment Market Value, 2017 – 2027, (US$ Bn)
3.2 Market Drivers
3.3 Market Growth Inhibitors
3.3.1 Impact Analysis of Drivers and Restraints
3.4 Key Market Trends
3.5 Attractive Investment Proposition, by Geography, 2018
3.6 Competitive Analysis
3.6.1 Market Positioning of Key Navigation Equipment Vendors, 2018
3.6.2 Key Strategies Adopted by the Leading Players

Chapter 4 Global Navigation Equipment Market Analysis, by Type, 2017 – 2027 (US$ Bn)
4.1 Overview
4.2 Automotive Navigation System
4.3 Global Positioning System (GPS)
4.4 Marine Navigation System
4.5 Surgical Navigation System
4.6 Inertial Navigation System
4.7 Robotic Navigation
4.8 Others

Chapter 5 Global Navigation Equipment Market Analysis, by Technology Protocol, 2017 – 2027 (US$ Bn)
5.1 Overview
5.2 Mechanical
5.3 Ring Laser Gyro (RLG)
5.4 Fiber Optic Gyro (FOG)
5.5 Resonator Gyro
5.6 Vibrating Gyro
5.7 Others

Chapter 6 Global Navigation Equipment Market Analysis, by End User, 2017 – 2027 (US$ Bn)
6.1 Overview
6.2 Defense
6.2.1 Military
6.2.2 Space/Satellite
6.2.3 Others
6.3 Commercial
6.3.1 Aviation
6.3.2 Maritime
6.3.3 Transportation
6.3.4 Fleet Management
6.3.5 Automotive
6.3.6 Others

Chapter 7 North America Navigation Equipment Market Analysis, 2017 – 2027 (US$ Bn)
……………

Chapter 8 Europe Navigation Equipment Market Analysis, 2017 – 2027 (US$ Bn)
…………..

Chapter 9 Asia Pacific Navigation Equipment Market Analysis, 2017 – 2027 (US$ Bn)
…………..

Chapter 10 Rest of the World (RoW) Navigation Equipment Market Analysis, 2017 – 2027 (US$ Bn)
………….

Chapter 11 Company Profiles
11.1 Northrop Grunman
11.2 Honeywell International Inc.
11.3 Rockwell Collins
11.4 SAGEM
11.5 KVH Industries
11.6 Raytheon Company
11.7 SBG Systems
11.8 Advanced Navigation
11.9 Atlantic Inertial System
11.10 Trimble Navigation
……………..toc continued

Browse the full report at https://www.acutemarketreports.com/report/navigation-equipment-market

Request Free Sample: https://www.acutemarketreports.com/sample-request/59776

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