GPS-enabled devices render large amount of assistance to a country's armed forces on battlefields. In addition to performing basic functions such as tracking and navigation, investments are being made to expand the operational range of GPS devices with the incorporation of new software and techniques. In 2015, the military GPS device market was valued at $1.26 billion, of which the airborne GPS devices segment held the major portion with a share of 44.51% and is forecasted to be 43.61% by 2020. The second largest segment, land GPS devices, currently has a share of 25.84%. Its value stood at $324.3 million in 2015 and is expected to reach $393 million (share of 26.05%) by 2020. The weapon systems GPS devices segment is expected to maintain nearly the same percentage of market share (around 17.8%) during the forecast period, with the revenue going up from $224.6 million in 2015 to $268.7 million in 2020. In addition, the market for GPS devices embedded in naval vessels is expected to increase its share from 11.76% in 2015 to 12.53% ($189.1 million in revenue) in 2020.

PART 01: Executive summary

Highlights

Key takeaways

Key buying criteria

PART 02: Scope of the report

Market overview

Top-vendor offerings

PART 03: Market research methodology

Research methodology

Economic indicators

PART 04: Introduction

Key market highlights

Advantages of military GPS devices

Disadvantages of military GPS devices

PART 05: Market landscape

Market overview

Market size and forecast

Five forces analysis

PART 06: Market segmentation by application

Global airborne military GPS device market

Global land-based military GPS device market

Global naval-based military GPS device market

Global weapon systems GPS device market

PART 07: Geographical segmentation

Military GPS device market in Americas

Military GPS device market in EMEA

Military GPS device market in APAC

PART 08: Market drivers

Impact of drivers

PART 09: Market challenges

PART 10: Impact of drivers and challenges

PART 11: Market trends

PART 12: Vendor landscape

Competitive scenario

BAE Systems

Lockheed Martin

Northrop Grumman

Raytheon

Rockwell Collins

Other prominent vendors

PART 13: Appendix

List of abbreviations

PART 14: Explore Technavio