Global Navigation Systems Market to Reach $40.5 Billion by 2026

SAN FRANCISCO, June 28, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Navigation Systems - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
What's New for 2022?

• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to our digital archives and MarketGlass Research Platform
• Complimentary updates for one year

Edition: 7; Released: January 2022
Executive Pool: 2593
Companies: 46 - Players covered include Advanced Navigation and Positioning Corporation (ANPC); Esterline Technologies Corporation; Garmin Ltd.; Honeywell International, Inc.; KVH Industries, Inc.; L3 Communication Systems-East (CS-East); LORD MicroStrain Sensing Systems; Moog, Inc.; Northrop Grumman Corporation; Raytheon Company; Rockwell Collins, Inc.; SBG Systems; Trimble Navigation Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Application (Defense, Commercial); Type (Automotive Navigation System, Global Positioning System (GPS), Marine Navigation System, Surgical Navigation System, Other Types)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Navigation Systems Market to Reach $40.5 Billion by 2026
Amid the COVID-19 crisis, the global market for Navigation Systems estimated at US$33.6 Billion, is projected to reach a revised size of US$40.5 Billion by 2026, growing at a CAGR of 3.2% over the analysis period. Defense, one of the segments analyzed in the report, is projected to record a 3.1% CAGR, while growth in the Commercial segment is readjusted to a revised 4.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $8.7 Billion in 2021, While China is Forecast to Reach $6.9 Billion by 2026
The Navigation Systems market in the U.S. is estimated at US$8.7 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.9 Billion by the year 2026. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 3.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.