Amazing realities of the global defense satellite-based navigation systems market

One can observe that, the global defense satellite-based navigation systems market has a limited number of multinational and regional suppliers that offer homogeneous products and services.

The market is largely dependent on the development of advanced military platforms and the retrofit programs undertaken to modernize the existing fleet of aircraft, land vehicles and naval vessels.

Suppliers in the Americas and EMEA have been engaged in the R&D of satellite-based navigation systems for several years and have subjugated the market with the technical skill sets that they have developed over the years, according to Technavio Research.

“The growing interest of the defense ministries to equip their armed forces with state-of-the-art devices will directly contribute to the growth of the market, and vendors are expected to experience a considerable rise in the demand for their products and services,” says Moutushi Saha, a lead defense research analyst from Technavio.