GPS-enabled devices render large amount of assistance to a country’s armed forces on battlefields. In the modern-day scenario of combat, the need to be technically advanced and the ability to achieve precision strike with minimum self-loss are taking center stage.
This has resulted in greater use of GPS-guided devices and weapons by soldiers, which are considered in a new report by Research and Markets.
In Global Military GPS Device Market 2016-2020, analysts forecast the global military GPS device market to grow at a compound annual growth rate (CAGR) of 3.69 percent between 2016 and 2020.
The report covers the present scenario and the growth prospects of the global military GPS device market for 2016 to 2020. To calculate the market size, the report considers the expenditure of each of the three regions (Americas, EMEA and APAC) to acquire these military GPS devices for enhanced performance of warfighters.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape and its growth prospects over the coming years.
The report also includes a discussion of the key vendors operating in this market.
Key questions answered in the report include:
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Companies mentioned include:
- BAE Systems
- Lockheed Martin
- Northrop Grumman
- Raytheon
- Rockwell Collins
- Garmin
- Harris
- Thales
Buyers can request one free hour of the analyst’s time when purchasing thye market report. Details are provided within the report.