According to new research report published by Research And Markets, the global military GNSS anti-jamming systems market is anticipated to grow at a robust CAGR of 7.94% based on market value and 10.09% based on volume from 2020 to 2025.
The rising intentional and unintentional activities of GNSS signals jamming and interference across the globe has generated substantial demand for GNSS anti-jamming systems. The jamming activities make military forces more vulnerable toward mission failures, therefore the demand for military GNSS anti-jamming systems is the need of the future. Additionally, growing deployment of unmanned military platforms, increasing expenditure on next-generation satellite programs, and rising cross-border conflicts are some of the factors due to which various countries are investing for military GNSS anti-jamming systems.
Moreover, increasing the benefit of miniaturization of military GNSS anti-jamming systems is another major factor that is expected to boost the demand for military GNSS anti-jamming systems in the future. Furthermore, fulfilling the criteria of 2% of GDP on defense spending by NATO countries is also adding to the demand for electronic warfare systems including military GNSS anti-jamming systems.
This report answers the following questions:
- What are the major driving forces that tend to increase the demand for the military GNSS anti-jamming systems market during the forecast period 2020-2025?
- Why should an investor consider venturing into the military GNSS anti-jamming systems market, and what are the future growth opportunities?
- For a new company looking to enter the market, which areas could it focus upon to stay ahead of the competition?
- How do the existing market players function to improve their market positioning?
- How does the supply chain function in the military GNSS anti-jamming systems market?
- Which component, element number, and platform segment respectively, are expected to witness the maximum demand growth in the military GNSS anti-jamming systems market during 2019-2025, and what is their growth pattern across different regions and countries?
- Which regions and countries are leading in terms of demand for military GNSS anti-jamming systems are expected to witness high demand growth from 2019-2025?
However, the demand for military GNSS anti-jamming systems by value and volume is expected to decline by 6.11% and 6.03% in 2020. This decline is expected due to the impact of the COVID-19 pandemic across the globe. The defense sector has also experienced a disruption in the supply chain and manufacturing process due to lockdowns imposed to combat the spread of COVID-19 in all major economies across North America, Europe, and Asia.
Additionally, the expected decline in the defense budget may delay the current and defer the proposed defense projects. The impact of COVID-19 is also expected in the market of the military GNSS anti-jamming system in 2020 and 2021. The revival in the market of military GNSS anti-jamming systems is expected during the post-COVID-19 duration from 2022 to 2025 at a significant rate.
Click Here to Read the Report.
