Global Navigation System Market Worth USD 939.98 Million By 2024

envision
envision
The report "Navigation System Market": By Type (Automotive Navigation System, Marine Navigation System, Surgical Navigation System, Inertial Navigation System); By Technology (Mechanical, Ring Laser Gyro, Fibre Optic Gyro, Resonator Gyro, Vibrating Gyro); By Product Type (Marine Grade, Navigation-Grade, Tactical Grade, Commercial Grade); By Application (Defence, Commercial, Transportation and others) & By Geography - Forecast (2018-2024). Envision Intelligence estimates that is Navigation System Market share is projected to reach 939.98 Million by the end of 2024 with a CAGR of 10.2%. Download Free Sample Brochure at https://www.envisioninteligence.com/industry-report/navigation-system-market/ Defence segment is expected to have the highest growth rate during the forecast period 2018-2024 in Asia-Pacific. Defence segment is expected to be the fastest growing market owing to increase in satellite launches, exploration activities, and increasing space research. In Asia-Pacific, an Inertial Navigation system is witnessed to have the highest growth rate during the forecast period owing to increase in government spending for defense equipment and growing GDP of the region. Marine Navigation System Market is expected to have the highest growth rate during the forecast period 2018-2024 in North America. Marine Navigation System segment is categorized into type, end-user. Based on the type, chartplotter has the highest market share of XX % in 2018. Based on End-user, a military application is accounted for the largest market share in 2018 owing to the increasing investment on the marine industry. In North America, marine navigation system is accounted for the largest market share owing to the presence of large number of manufacturers, rising demand for a commercial voyage, and upgradation of technology. Automotive Navigation System Market is also Witnessed to have Stunning Growth Automotive Navigation System Market share is projected to reach $ XX Million at a CAGR of XX % during the forecast period 2018-2024. Increase in a number of vehicle sales is the major factor which drives the automotive navigation system market. Global Navigation Satellite System Market is driven by the growing focus on navigation, positioning and timing tools in commercial, government and military applications, commercial, and industry. According to the GNSS report 2017, next-generation technology concepts such as intelligent highway, intelligent transportation systems, unmanned vehicles and driverless cars to support the growth of GNSS. Navigation System Market is witnessed to grow more than three times in the next five years with the maximum market share for the vehicular and pedestrian applications. Key players in the market include: Northrop Grumman Corporation Honeywell Rockwell Collins SAGEM KVH Industries