Armored Vehicle Navigation System Market Introduction and Overview
According to SPER Market Research, the Global Armored Vehicle Navigation System Market is estimated to reach USD 161.01 billion by 2033 with a CAGR of 5.2%.
The report includes an in-depth analysis of the Global Armored Vehicle Navigation System Market, including market size and trends, product mix, applications, and supplier analysis. For military missions including navigating in enemy territory, the armoured vehicle navigation system is crucial. The location and direction of the vehicle are provided by an armoured vehicle navigation system, which aids the commander and driver in navigating the vehicle. It can make use of gyroscopes, GPS, and inertial navigation systems (INS), among other technologies. Certain navigation systems for armoured vehicles can function in a variety of ways, including GPS mode, which uses only GPS data, hybrid mode, which utilises data from both inertial sensors and a GPS receiver, and inertial mode, which uses just inertial sensor data. Navigation systems for armoured vehicles are crucial for situational awareness, course planning, and collision avoidance. Additionally, they allow operators to maintain turret stabilisation and precision aiming capabilities.
- February 2024: A USD 300 million contract was given to Elbit Sytems to provide a European customer with weapon, reconnaissance, driving, and situational awareness systems for about 230 armoured vehicles through 2030.
- November 2023: To bolster Indian ground forces in the midst of a contentious border conflict between China and India, the US and India announced plans to collaborate on the production of Stryker armoured vehicles.
Market Opportunities and Challenges
Opportunities- There are a lot of chances for the global armoured vehicle navigation system market due to the increasing use of unmanned aerial vehicles (UAVs), unmanned ground vehicles (UGVs), and unmanned marine vehicles (UMVs). Real-time situational awareness and improved navigation capabilities can be achieved through the combination of navigation augmentation technologies like Augmented Reality (AR) and Artificial Intelligence (Al). Inertial navigation systems, which are utilised in armoured vehicle navigation systems, have a lot of potential thanks to technological advancements in sensor design, computation, and data integration. These developments also make inertial navigation systems more accessible for use in industries other than aerospace and defence, such as consumer electronics, automotive, and unmanned systems.
Challenges- The expansion of the global market for armoured vehicle navigation systems is being severely constrained by the high expenditures of research and development. It takes enormous R&D expenditures to create armoured vehicles Navigation System outfitted with the newest technologies. Building a strong and resilient armoured vehicle navigation system that can successfully combat a variety of threats on the contemporary battlefield requires years of diligent research and testing. The Armoured Vehicle Navigation System uses a number of vital parts and materials that are extremely specialised and costly. Therefore, a barrier to market expansion is the high expenses related to the creation and acquisition of sophisticated navigation systems. Another difficulty is that defence forces are now very concerned about cybersecurity risks because to the growing dependence on digital navigation systems.
Market Competitive Landscape
The Global Armored Vehicle Navigation System Market is a highly competitive arena due to the presence of multiple global and regional companies in the competitive environment. Leading companies in the industry are Safran SA, KVH Industries Inc., Hertz Systems, Israel Aerospace Industries Ltd., Bharat Electronics Limited (BEL), Advanced Navigation, Honeywell International Inc., GEM elettronica, BAE Systems plc, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Armored Vehicle Type, By Navigation System |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Safran SA, KVH Industries Inc., Hertz Systems, Israel Aerospace Industries Ltd., Bharat Electronics Limited (BEL), Advanced Navigation, Honeywell International Inc., GEM elettronica, BAE Systems plc, Others. |
COVID-19 Impact on Global Armored Vehicle Navigation System Market
The global market for armoured vehicle navigation systems was greatly impacted by the COVID-19 pandemic, which had an effect on demand trends and supply chains. Production was suspended at numerous facilities worldwide as a result of lockdowns and restrictions, which also caused delays in component deliveries and disturbances in manufacturing processes. Finding vital parts for armoured vehicle navigation systems, such as sensors, GPS units, and radar units, proved difficult for major players. The schedules of defence contracts and procurement strategies in different countries were impacted by these disruptions. Budgets for defence and military improvements were cut as government emphasis switched to healthcare and economic recovery. But when economies improve, the industry may revive due to rising investments in modernisation initiatives, which would rekindle interest in cutting-edge Armoured Vehicle Navigation Systems.
Key Target Audience
- Military Organizations and Defense Forces
- Homeland Security Agencies
- Defense Contractors and Integrators
- Law Enforcement Agencies
- Government and Defense Ministries
- Intelligence Agencies
- Logistics and Supply Chain Companies
- Original Equipment Manufacturers (OEMs)
- Research and Development (R&D) Institutions
- Non-Governmental Organizations (NGOs) in Conflict Zones
Our in-depth analysis of the Armored Vehicle Navigation System Market includes the following segments:
| By Armored Vehicle Type: | Main Battle Tanks Infantry Fighting Vehicles Armored Personnel Carriers Other Armored Vehicle Types (Tactical Truck, Bus, MRAP) |
| By Navigation System: | Inertial Navigation System Satellite Navigation System |
| By End-Users: | Asia-PacificEuropeMiddle East & AfricaNorth AmericaLatin America |
Key Topics Covered in the Report
- Global Armored Vehicle Navigation System Market Size (FY’2024-FY’2033)
- Overview of Global Armored Vehicle Navigation System Market
- Segmentation of Global Armored Vehicle Navigation System Market By Armored Vehicle Type (Main Battle Tanks, Infantry Fighting Vehicles, Armored Personnel Carriers, Other Armored Vehicle Types (Tactical Truck, Bus, MRAP))
- Segmentation of Global Armored Vehicle Navigation System Market By Navigation System (Inertial Navigation System, Satellite Navigation System)
- Statistical Snap of Global Armored Vehicle Navigation System Market
- Expansion Analysis of Global Armored Vehicle Navigation System Market
- Problems and Obstacles in Global Armored Vehicle Navigation System Market
- Competitive Landscape Global Armored Vehicle Navigation System Market
- Impact of COVID-19 and Demonetization Global Armored Vehicle Navigation System Market
- Details on Current Investment in Global Armored Vehicle Navigation System Market
- Competitive Analysis of Global Armored Vehicle Navigation System Market
- Prominent Players in the Global Armored Vehicle Navigation System Market
- SWOT Analysis of Global Armored Vehicle Navigation System Market
- Global Armored Vehicle Navigation System Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Armored Vehicle Navigation System Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Armored Vehicle Navigation System Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Armored Vehicle Navigation System Market
7. Global Armored Vehicle Navigation System Market, By Armored Vehicle Type (USD Million) 2020-2033
7.1. Global Armored Vehicle Navigation System Market Size, Share and Forecast, By Armored Vehicle Type, 2020-2026
7.2. Global Armored Vehicle Navigation System Market Size, Share and Forecast, By Armored Vehicle Type, 2027-2033
7.3. Main Battle Tanks
7.4. Infantry Fighting Vehicles
7.5. Armored Personnel Carriers
7.6. Other Armored Vehicle Types (Tactical Truck, Bus, MRAP)
8. Global Armored Vehicle Navigation System Market, By Navigation System (USD Million) 2020-2033
8.1. Global Armored Vehicle Navigation System Market Size, Share and Forecast, By Navigation System, 2020-2026
8.2. Global Armored Vehicle Navigation System Market Size, Share and Forecast, By Navigation System, 2027-2033
8.3. Inertial Navigation System
8.4. Satellite Navigation System
9. Global Armored Vehicle Navigation System Market Forecast, 2020-2033 (USD Million)
9.1. Global Armored Vehicle Navigation System Market Size and Market Share
10. Global Armored Vehicle Navigation System Market, By Region, 2020-2033 (USD Million)
10.1. Global Armored Vehicle Navigation System Market Size and Market Share By Region (2020-2026)
10.2. Global Armored Vehicle Navigation System Market Size and Market Share By Region (2027-2033)
10.3. Asia-Pacific
10.3.1. Australia
10.3.2. China
10.3.3. India
10.3.4. Japan
10.3.5. South Korea
10.3.6. Rest of Asia-Pacific
10.4. Europe
10.4.1. France
10.4.2. Germany
10.4.3. Italy
10.4.4. Spain
10.4.5. United Kingdom
10.4.6. Rest of Europe
10.5. Middle East and Africa
10.5.1. Kingdom of Saudi Arabia
10.5.2. United Arab Emirates
10.5.3. Qatar
10.5.4. South Africa
10.5.5. Egypt
10.5.6. Morocco
10.5.7. Nigeria
10.5.8. Rest of Middle-East and Africa
10.6. North America
10.6.1. Canada
10.6.2. Mexico
10.6.3. United States
10.7. Latin America
10.7.1. Argentina
10.7.2. Brazil
10.7.3. Rest of Latin America
11. Company Profile
11.1. Safran SA
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. KVH Industries Inc.
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. Hertz Systems
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4. Israel Aerospace Industries Ltd.
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5. Bharat Electronics Limited (BEL)
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6. Advanced Navigation
11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments
11.7. Honeywell International Inc.
11.7.1. Company details
11.7.2. Financial outlook
11.7.3. Product summary
11.7.4. Recent developments
11.8. GEM elettronica
11.8.1. Company details
11.8.2. Financial outlook
11.8.3. Product summary
11.8.4. Recent developments
11.9. BAE Systems plc
11.9.1. Company details
11.9.2. Financial outlook
11.9.3. Product summary
11.9.4. Recent developments
11.10. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links