Armored Vehicle Navigation System Market Growth, Size, Trends Analysis- By Armored Vehicle Type, By Navigation System- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
Armored Vehicle Navigation System Market Introduction and Overview
According to SPER Market Research, ‘Global Armored Vehicle Navigation System Market Size- By Armored Vehicle Type, By Navigation System – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the Global Armored Vehicle Navigation System Market is estimated to reach USD 161.01 billion by 2033 with a CAGR of 5.2%.
To increase the safety, operating efficiency, and situational awareness of armoured vehicles in challenging terrain, a specialist technology known as an Armoured Vehicle Navigation technology (AVNS) was developed. It combines GPS, inertial navigation, and often military-grade sensors to enable real-time tracking, route planning, and obstacle recognition.
At first, the pandemic disrupted the global supply chain by delaying procurement processes and preventing production in several regions. However, as defence spending in a number of countries proved to be sustainable, the market began to gradually recover.
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.
Armored Vehicle Navigation System Market Segmentation:
By Armored Vehicle Type: Based on the Global Armored Vehicle Navigation System Market, Global Armored Vehicle Navigation System Market is segmented as; Main Battle Tanks, Infantry Fighting Vehicles, Armored Personnel Carriers, Other Armored Vehicle Types (Tactical Truck, Bus, MRAP).
By Navigation System: Based on the Navigation System, Global Armored Vehicle Navigation System Market is segmented as; Inertial Navigation System, Satellite Navigation System.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.