NEW YORK, Aug. 23, 2016 /PRNewswire/ -- "Anti-jamming market for GPS expected to grow at a high rate between 2016 and 2022"
The Anti-jamming market for GPS is expected to reach USD 4.80 billion (in terms of value) and 309.2 thousand units (in terms of volume) by 2022, at a CAGR of 7.0% and 10.1%, respectively, between 2016 and 2022.
The demand for a secured weapons guided system, and increasing vulnerability of GPS signals due to development of low cost GPS jammers are the major drivers for growth of the market.
"Flight control application to be the leading segment in terms of value of the Anti-jamming market for GPS during the forecast period"
The reason for flight control application to be the largest segment in the military-based airborne end user is because flight control is the most critical application for aerial platforms to operate on GPS signals and they are expected to be completely immune to GPS jamming signals.
"North America expected to hold the largest market share during the forecast period"
The market in North America is expected to grow at a moderate rate in the overall market till 2022. The combination of multiple factors makes North America the most dynamic region in the Anti-jamming market for GPS. The reason for the North America region to be the dominant market is because it is home to some of the top players in the Anti-jamming market for GPS such as Rockwell Collins, Inc. (U.S.), The Raytheon Company (U.S.) and NovAtel, Inc. (Canada). Moreover, the U.S. has the most powerful military in the world.
In the process of determining and verifying the market size for several segments and sub segments of the Anti-jamming market for GPS gathered through the secondary research, extensive primary interviews have been conducted with key people. The breakup of the profiles of primary participants is shown below:
- By Company Type: Tier 1 – 20%, Tier 2 – 45%, and Tier 3 – 35%
- By Designation: C-Level Executives– 35%, Directors– 25%, and Others – 40%
- By Region: North America – 30%, Europe – 20%, APAC – 45%, and RoW – 5%
The geographic segmentation in the report covers the four major regions of the world, namely, North America, Europe, APAC, and RoW. The report also profiles major players in the Anti-jamming market for GPS. Some of the major players in this market are Rockwell Collins (U.S.), The Raytheon Company (U.S.), NovAtel, Inc. (U.S.), Cobham plc (U.K.), Mayflower Communications Company (U.S.), BAE Systems (U.K.), Furuno Electric Company Ltd (Japan), Harris Corporation (U.S.), Lockheed Martin (U.S.), Thales Group (France), The Boeing Company (U.S.), and U-Blox (Switzerland).
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