Friday, 26 April 2024
According to our latest market study on “GPS Anti-Jamming Market Forecast to 2027 – COVID-19 Impact and Global Analysis –By Receiver Type (Military & Government Grade and Commercial Grade), Anti-Jamming Technique (Nulling Technique, Beam Steering Technique, and Civilian Techniques), Application (Flight Control, Surveillance and Reconnaissance, Position Navigation & Timing, Targeting, and Casualty Evacuation), and End User (Military and Civilian),” the market was valued at US$4,036.9 million in 2019 and is projected to reach US$ 6,523.7million by 2027; it is expected to grow at a CAGR of 6.4% from 2020 to 2027.
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The global GPS anti-jamming market is segmented into five major regions—North America, Europe, APAC, the MEA, and SAM. North America holds the largest share of the marketas countries in the region have strong military departments; the US, Canadian, and Mexican military forces have adopted various advanced technologies to provide soldiers a enhanced version of products and solutions. The US is an undisputed world leader with a robust military base.Mexico invests ~US$ 5,000 million in defense annually, and such proactive investments make it the third nation with a large number of troops in the world.
APAC is anticipated to be a fastest-growing regional marketfor anti-jamming solutions during the forecast period owing to an increasing adoption of GPS technology in the defense and commercial sectors seeking accurate and secure navigation. The growing demand for GPS anti-jamming from the flourishing automotive industry in India is also contributing to market growth. Further, rising expenditure on the military and defense industry in India and China has also accelerated the demand for GPS anti-jamming solutions in the region. APAC is currently the second-largest shareholder in the global anti-jamming market. India, China, South Korea, and Japan are among the major countries with greater military strength in the region.These countries invest huge resources in the military operations, which allows them to deploy advanced systems and technologies, including GPS anti-jammers
Impact of COVID-19 on GPS Anti-Jamming Market
Presently, the US is the world’s worst affected country due to this outbreak. It is one of the largest markets for GPS anti-jamming,with the military sector being a major consumer due to stringent government/industry regulations regarding safety standards and escalating number of attacks.The ongoing slump in commercial infrastructure development activities and new defense projects across the US, Canada, and Mexico is further impacting the demand for GPS anti-jamming products in a negative manner. Hence, the ongoing COVID-19 crisis and critical situation in the US is going to impact the GPS anti-jamming market growth in North America region in a negative manner for the next few quarters.
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The global GPS anti-jamming market has been segmented as follows:
GPS Anti-Jamming Market – by Receiver Type
GPS Anti-Jamming Market – by Anti-Jamming Technique
GPS Anti-Jamming Market – by Application
GPS Anti-Jamming Market –by Region
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