The military navigation market is projected to grow from USD 8.87 billion in 2018 to USD 12.07 billion by 2023, at a CAGR of 6.36% from 2018 to 2023. Increasing preference for the use of UAVs in modern warfare and rising demand for missiles and artillery systems due to geopolitical instabilities and changing nature of warfare are the major factors driving the military navigation market.

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Based on platform, the space segment of the military navigation market is estimated to witness the highest growth rate during the forecast period. The growing demand for earth observation, navigation services, and communication satellites is projected to drive the growth of the space segment. The space segment includes activities for monitoring the Earth’s surface to obtain valuable information for mapping, mineral exploration, land-use planning, and resource management, among others.

Based on application, the intelligence, surveillance & reconnaissance (ISR) segment of the military navigation market is projected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increased requirement for situational awareness (SA) in military operations and rising use of geospatial intelligence. Intelligence is considered a crucial military competency as it acts as a force-multiplier by providing advanced situational awareness to armed forces. Surveillance & reconnaissance involves designing and processing specialized communication protocols for tactical and national intelligence systems.

Based on component, the service segment of the military navigation market is projected to grow at a higher CAGR than the line fit segment during the forecast period. The anticipated higher growth rate of the service segment is due to the requirement of maintenance training, instructor-led training (ILT), computer-based training (CBT), on-field support, and maintenance & repair services for navigation equipment.

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