FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 8993
Companies: 12 – Players covered include BAE Systems PLC; Cobham PLC; Furuno Electric Co., Ltd.; Harris Corporation; Lockheed Martin Corporation; Mayflower Communications Company Inc.; NovAtel, Inc.; Raytheon Company; Rockwell Collins, Inc.; Thales Group); The Boeing Company; u-blox AG and Others.
Coverage: All major geographies and key segments
Segments: Application (Surveillance & Reconnaissance; Flight Control; Position, Navigation & Timing; Targeting; Casualty Evacuation; and Other Applications)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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ABSTRACT-
Global GPS Anti-Jamming Market to Reach $6.3 Billion by 2026
Amid the COVID-19 crisis, the global market for GPS Anti-Jamming estimated at US$4 Billion in the year 2020, is projected to reach a revised size of US$6.3 Billion by 2026, growing at a CAGR of 5.9% over the analysis period. Surveillance & Reconnaissance, one of the segments analyzed in the report, is projected to record a 6% CAGR and reach US$1.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Flight Control segment is readjusted to a revised 5.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.2 Billion in 2021, While China is Forecast to Reach $1.0 Billion by 2026
The GPS Anti-Jamming market in the U.S. is estimated at US$1.2 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.0 Billion by the year 2026 trailing a CAGR of 5.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.6% and 4.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.
Position, Navigation & Timing Segment to Reach $1.1 Billion by 2026
In the global Position, Navigation & Timing segment, USA, Canada, Japan, China and Europe will drive the 6.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$556.4 Million in the year 2020 will reach a projected size of US$862.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$251 million by the year 2026. More
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