Anti-jamming market for GPS to be worth $5.9 billion by 2025
According to a new market research report, “Anti-Jamming Market for GPS with COVID-19 Impact, by Receiver Type (Military and Government Grade and Commercial Transportation Grade), Technique (Nulling, Beam Steering and Civilian), End-User, Application and Geography — Global Forecast to 2025,” the anti-jamming market for GPS is valued at $4 billion in 2020 and is expected to reach $5.9 billion by 2025.
The report, published by MarketsandMarkets, also states that the market is expected to grow at a CAGR of 7.9% from 2020 to 2025. Some of the key factors driving this growth include high demand for GPS technology in military applications and ongoing developments to improve overall GPS structure. Factors such as the growing demand for unmanned airborne vehicles and systems and the development of low-cost GPS anti-jamming solutions also are expected to provide growth opportunities to players in the GPS anti-jamming market.
According to the report, Nulling Technique is expected to hold largest share of GPS anti-jamming market from 2020 to 2025. In addition, surveillance and reconnaissance are expected to hold largest share of GPS anti-jamming market during the forecast period.
The GPS anti-jamming market in Asia Pacific is expected to grow significantly, as a result of a rise in the number of terror attacks in the region, which has led to countries enhancing their surveillance and antiterrorism capabilities, the report added. Countries in this area are also manufacture defense aircraft, which is expected to increase the scope of GPS anti-jamming for defense and aerospace systems. An increase in the defense expenditures of India and China, among other countries, and the expansion of militaries in emerging economies also have accelerated the demand for GPS anti-jamming solutions in Asia Pacific.
Raytheon Technologies, Hexagon, Thales Group, L3Harris Technologies, BAE Systems, Cobham, Mayflower Communications, infinDome, Lockheed Martin, Israel Aerospace Industries, Furuno Electric and Meteksan Defense are few major players in the GPS anti-jamming market.
MarketsandMarkets provides B2B research on 30,000 niche opportunities/threats that will impact 70% to 80% of worldwide companies’ revenues, the research firm said.