How big is the Navigation System Market?

The Navigation System Market size is expected to reach USD 44.38 billion in 2024 and grow at a CAGR of 9.84% to reach USD 70.96 billion by 2029. Read More

What is the current Navigation System Market size?

In 2024, the Navigation System Market size is expected to reach USD 44.38 billion. Read More

Who are the key players in Navigation System Market?

Garmin Ltd., Honeywell International Inc., Collins Aerospace Inc., Safran Electronics & Defense Inc. and KVH Industries Inc. are the major companies operating in the Navigation System Market. Read More

Which is the fastest growing region in Navigation System Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Navigation System Market?

In 2024, the North America accounts for the largest market share in Navigation System Market. Read More

What years does this Navigation System Market cover, and what was the market size in 2023?

In 2023, the Navigation System Market size was estimated at USD 40.40 billion. The report covers the Navigation System Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Navigation System Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Navigation System Market Share

Statistics for the 2023 & 2024 Navigation System market share, created by Mordor Intelligence™ Industry Reports. Navigation System share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Navigation System Industry

The competitive rivalry in the navigation systems market is high owing to some key players like Garmin Ltd, Honeywell International Inc., Collins Aerospace Inc., Safran Electronics & Defense Inc., and many more. Their ability to continually innovate their products through significant research and development investments has helped them achieve a competitive advantage over other players.

In February 2023, Raytheon Company Ltd. announced that it had won USD 8.6 million contract to provide F-35 JPALS for Japan Maritime Self-Defense Force (JMSDF). JPALS is a software-based differential Global Positioning System navigation and precision landing system. The contract was awarded by U.S. Navy. JPALS is integrated with the F-35 fighter, capable of operating, approaching, and landing on naval vessels at sea in all weather conditions.
In January 2022, African countries joined part of the satellite-based augmentation system (SBAS) because of ASECNA (Agency for Aerial Navigation Safety in Africa and Madagascar) efforts. SBAS is a precise and robust Global Navigation Satellite System (GNSS) system that eliminates the need for regional ground-based navigation aids and airport landing systems. Africa Aviation, led by ASECNA, can develop its own SBAS system to assist the airlines or aviation stakeholders.