Global Demand Analysis & Sales Opportunities in Military GNSS Receivers Market
- The annual demand for military GNSS receivers was USD 704 million in 2024 and is expected to reach USD 751.3 million in 2025, up 6.7% than the value in 2024.
- During the forecast period (2025 to 2030), the military GNSS receivers market is expected to grow at a CAGR of 4.8%. The annual demand will reach of USD 954.3 million in 2030.
- During 2025-2030, the military GNSS receivers industry is expected to generate a cumulative sales opportunity of USD 5.15 billion.
High-Growth Market Segments:
- North America is expected to remain the largest market over the next five years, whereas Asia-Pacific is likely to grow at the fastest rate.
- By Product type, GPS Receivers are likely to be the dominant type in the market during the forecast period.
- By Application type, PGM-based GNSS Receivers are likely to maintain their market dominance in the coming years
- By Frequency type, Dual-Frequency GNSS receivers are expected to remain the biggest demand generator in the market during the forecast period.
Segment Analysis
By Product Type
“GPS receiver is estimated to be the dominant segment whereas other GNSS receivers are expected to exhibit the fastest growth during the forecast period”.- The market is segmented into GPS receivers and other GNSS receivers. Between these sub-segments, the GPS receiver holds the lion’s share in the market, owing to massive investments in such devices, particularly by the US DoD.
- Although there have been some market developments in other GNSS receivers in countries such as China and Russia, they are minor in comparison to the dominance of GPS receivers.
By Application Type
“PGM-Based GNSS receivers are likely to maintain their market dominance in the coming years, whereas aviation-based GNSS receivers are likely to grow at the fastest rate”.- The market is bifurcated into aviation-based GNSS receivers, ground-based GNSS receivers, PGM-based GNSS receivers, handheld GNSS receivers, and maritime equipment-based GNSS receivers.
- Among these sub-segments, the PGM-based GNSS receivers are expected to remain the most sought-after segment in the foreseeable future. GNSS receivers form an integral component of the PGMs, which are in high demand due to the rising border conflicts and terror threats.
By Frequency Type
“The dual-frequency GNSS receivers are expected to remain the largest as well as the fastest-growing frequency over the next six years”.- The market is classified as single-frequency GNSS receivers and dual-frequency GNSS receivers. Between these frequency types, dual-frequency is the more commonly used frequency type for military GNSS receivers as it provides enhanced accuracy and is more resistant to multipath errors, which are common in single-frequency GNSS receivers.
- Furthermore, if one of the frequencies fails, the other serves as a backup, ensuring uninterrupted signal transmission.
Regional Analysis
“North America is expected to remain the largest market over the next six years, whereas Asia-Pacific is likely to grow at the fastest rate”.- In terms of regions, North America dominates the global military GNSS receiver market and is expected to register steady growth throughout the forecast period. The USA, in particular, accounts for a mammoth market share, owing to the large-scale investments of the US DoD in the development and procurement of military GNSS receivers.
- Concurrently, the Asia-Pacific is estimated to witness the fastest market growth in the foreseeable future, due to the growth of regional GNSS systems, increasing military expenditure, rising regional terror threats, and continuous border conflicts between India-Pakistan and India-China, among others.
Competitive Landscape
Most of the major players compete in some of the factors, including price, service offerings, regional presence, etc. The following are the key players in the military GNSS receivers market:- BAE Systems plc
- L3Harris Technologies, Inc.
- RTX Corporation (Raytheon Technologies Corporation)
- Thales Group
- Trimble Inc.
Recent Developments/Mergers & Acquisitions:
- In June 2023, BAE Systems unveiled NavGuide, a next-generation assured-positioning, navigation, and timing (A-PNT) device featuring M-Code GPS technology.
- In April 2023, India’s first fully designed and developed NavIC Chip was introduced by Bengaluru-based Elena Geo Systems. The company plans to make 10,000 chips in the first batch and is supplying 200 NavIC receivers to the army through Bharat Electronics Limited.
- In March 2023, Omsk Research Institute and Ruselectronics (Rostec) indigenously developed GPS and GLONASS navigation receivers for the Russian army (hand-held remotes with built-in global positioning antennas).
- In November 2023, BAE Systems was selected to enhance GPS technology on the Eurofighter Typhoon. The fighter is to receive a digital GPS anti-jam receiver and a new GEMVII-6 airborne digital GPS receiver.
- In September 2023, BAE Systems secured a contract worth US$319 million with the Defense Information Systems Agency (DISA) to supply Miniature-PLGR-Engine-M-code cards to the U.S. Army.
- In July 2023, Thales Alenia Space confirmed the signing of more than US$333.6 million in global amount contracts with the European Space Agency to design and build the Galileo Second Generation (G2G) Ground Mission Segment and execute System Engineering Activities.
- In July 2020, BAE Systems acquired the GPS business unit from Collins Aerospace to become the undisputed market leader.
- In July 2020, Raytheon Corporation merged with United Technologies Corporation to form Raytheon Technologies Corporation. This merger of equals is the defense sector's largest-ever merger, in terms of value.
- In June 2019, L3 Technologies had an all-stock merger with Harris Corporation, which led to the formation of L3Harris Technologies, Inc.
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
Market Segmentation
The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.The military GNSS receivers market is segmented into the following categories.
By Product Type
- GPS Receivers
- GNSS Receivers
By Frequency Type
- Single-Frequency GNSS Receivers
- Dual-Frequency GNSS Receiver
By Application Type
- Aviation-Based GNSS Receivers
- Ground-Based GNSS Receivers
- PGM-Based GNSS Receivers
- Handheld GNSS Receivers
- Maritime Equipment-Based GNSS Receivers
By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
- Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and the Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)
Research Methodology
- This strategic assessment report provides a comprehensive analysis that reflects today’s military GNSS receiver's realities and future market possibilities for the forecast period.
- The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
- The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
- This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with a proprietary database and statistical tools.
- More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
- We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Customization Options
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Table of Contents
Report Scope
2. Market Environment Analysis: Study of Factors Affecting the Market Dynamics
3. Military GNSS Receiver Market Assessment (2018-2030) (US$ Million)
4. Military GNSS Receiver Market Segments’ Analysis (2018-2030) (US$ Million)
5. Competitive Analysis
6. Strategic Growth Opportunities
7. Company Profiles of Key Players (Alphabetically Arranged)
8. Appendix
Companies Mentioned
- BAE Systems plc
- General Dynamics Corporation
- Hertz Systems
- IAI (Israel Aerospace Industries)
- Juniper Systems Inc.
- L3Harris Technologies, Inc.
- Mayflower Communications
- RTX Corporation (Raytheon Technologies Corporation)
- Thales Group
- Trimble Inc.
