Search, Detection, And Navigation Instruments Global Market Report 2020
March 2020
200
About the Report
About the Report
Companies in the marine industry are preferring navigation instruments incorporated with augmented reality (AR). AR is a technology that reflects the digital information in the real world. Navigation systems integrated with AR technology provide great support to the sailors in ship keeping and related operations. For instance, in 2018, Mitsui O.S.K. Lines (MOL) planned to install AR navigation systems on 21 very large crude oil carriers (VLCCs) operated by them. This navigation system will superimpose real-time video imagery and voyage information and provide support to crewmembers during their watch-keeping and ship operations visually. The benefits provided by AR technology in real time will increase the demand for instruments with such advanced technology.
The search, detection, and navigation instruments market consist of sales of search, detection and navigation instruments and related services used for searching, detecting, recording and guiding and to determine the speed, and direction to arrive at the point of destination. The search, detection, and navigation instruments refer to the instruments used by nautical navigators and pilots as tools for their trade. Some of the search, detection, and navigation instruments include aeronautical instruments, navigation and guidance systems, SONAR and RADAR systems equipment.
The global search, detection, and navigation instruments market was worth USD 175.14 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 6.13% and reach USD 222.22 billion by 2023.
The search, detection and navigation instruments market covered in this report is segmented by type into compasses, aeronautical and space navigation instruments, nautical navigation instruments and radio navigational aid apparatus.
The search, detection, and navigation instruments market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. Asia-Pacific was the largest region in the search, detection, and navigation instruments market in 2019. Asia-Pacific region is expected to be the fastest growing region in the search, detection, and navigation instruments market in forecast period.
The increasing demand from civilian and defense aircraft manufacturing industries drove the market for search, detection and navigation instruments. The increasing demand was supported by rising disposable income, increasing air travel and military usage. Rise in working group and middle-class demography will affect the demand positively. For instance, in 2020, Airbus invested USD 1 billion to manufacture 63 A320 Family aircraft per month, beginning in 2021. Therefore, the increasing demand from civilian and defense aircraft manufacturing companies is expected to drive the market for search, detection and navigation instruments.
Stringent regulations on tariffs limited the growth of search, detection and navigation instruments manufacturing. Governments across the world are imposing tariffs owing to trade wars between countries, national defense or curtailment of monopoly powers, volatile oil prices and volatility in international trade. In October 2018, the World Trade Organization permitted the USA to tax European exports as much as USD 7.5 billion annually. As a result, the USA has imposed tariffs of 10% on imports of large civil aircraft, and industrial products among other goods from the European Union. The tariffs could raise prices for American companies importing goods and machinery thereby increasing the expenses. The increase in the import duties and taxes has a negative impact on search, detection, and navigational instruments market growth.
In January 2020, BAE systems, a British multinational defense, security and aerospace company acquired military GPS business from United Technologies for USD 1.93 Billion. The acquisition of GPS business from United Technologies will strengthen the professional and technical capabilities of BAE Systems to provide more comprehensive portfolio of solutions and adds new technology for BAE Systems that is compatible with industry-standard equipment and helps for the increasing product line. United Technologies is an American multinational conglomerate which operates in the fields of researches and manufacturing products in numerous areas, including aircraft engines, aerospace systems and industrial products.
Major players in the market are BAE Systems Plc, Leonardo S.p.A, Raytheon, Thales Group, United Technologies Corp., Agilent Technologies, Siemens Medical Solutions, Boeing, and Thermo Fisher Scientific.
Products
Products
1) By Type: Compasses; Aeronautical and Space Navigation Instruments; Nautical Navigation Instruments; Radio Navigational Aid Apparatus
Companies
BAE Systems Plc
Leonardo S.p.A
Raytheon
Thales Group
United Technologies Corp.
Agilent Technologies
Siemens Medical Solutions
Boeing
Thermo Fisher Scientific
Medtronic plc
Honeywell International Inc
Northrop Grumman Corporation
Moog Inc
Garmin International Inc
GE Aviation Systems
Smiths Group North America Inc
Herman Becker Auto Systems Inc
Table of Contents
Table of Contents
1. Executive Summary
2. Search, Detection And Navigation Instruments Market Characteristics
3. Search, Detection And Navigation Instruments Market Size And Growth
3.1. Global Search, Detection And Navigation Instruments Historic Market, 2015-2019, USD Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Search, Detection And Navigation Instruments Forecast Market, 2019-2023F, 2025F, 2030F, USD Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Search, Detection And Navigation Instruments Market Segmentation
4.1. Global Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Compasses
Aeronautical and Space Navigation Instruments
Nautical Navigation Instruments
Radio Navigational Aid Apparatus
5. Search, Detection And Navigation Instruments Market Regional And Country Analysis
5.1. Global Search, Detection And Navigation Instruments Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
5.2. Global Search, Detection And Navigation Instruments Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
6. Asia-Pacific Search, Detection And Navigation Instruments Market
6.1. Asia-Pacific Search, Detection And Navigation Instruments Market Overview
6.2. Asia-Pacific Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
7. China Search, Detection And Navigation Instruments Market
7.1. China Search, Detection And Navigation Instruments Market Overview
7.2. China Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,USD Billion
8. India Search, Detection And Navigation Instruments Market
8.1. India Search, Detection And Navigation Instruments Market Overview
8.2. India Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
9. Japan Search, Detection And Navigation Instruments Market
9.1. Japan Search, Detection And Navigation Instruments Market Overview
9.2. Japan Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
10. Australia Search, Detection And Navigation Instruments Market
10.1. Australia Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
11. Indonesia Search, Detection And Navigation Instruments Market
11.1. Indonesia Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
12. South Korea Search, Detection And Navigation Instruments Market
12.1. South Korea Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
13. Western Europe Search, Detection And Navigation Instruments Market
13.1. Western Europe Search, Detection And Navigation Instruments Market Overview
13.2. Western Europe Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
14. UK Search, Detection And Navigation Instruments Market
14.1. UK Search, Detection And Navigation Instruments Market Overview
14.2. UK Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
15. Germany Search, Detection And Navigation Instruments Market
15.1. Germany Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
16. France Search, Detection And Navigation Instruments Market
16.3. France Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
17. Eastern Europe Search, Detection And Navigation Instruments Market
17.1. Eastern Europe Search, Detection And Navigation Instruments Market Overview
17.2. Eastern Europe Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
18. Russia Search, Detection And Navigation Instruments Market
18.1. Russia Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
19. North America Search, Detection And Navigation Instruments Market
19.1. North America Search, Detection And Navigation Instruments Market Overview
19.2. North America Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
20. USA Search, Detection And Navigation Instruments Market
20.1. USA Search, Detection And Navigation Instruments Market Overview
20.2. USA Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
21. South America Search, Detection And Navigation Instruments Market
21.1. South America Search, Detection And Navigation Instruments Market Overview
21.2. South America Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
22. Brazil Search, Detection And Navigation Instruments Market
22.1. Brazil Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
23. Middle East Search, Detection And Navigation Instruments Market
23.1. Middle East Search, Detection And Navigation Instruments Market Overview
23.2. Middle East Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
24. Africa Search, Detection And Navigation Instruments Market
24.1. Africa Search, Detection And Navigation Instruments Market Overview
24.2. Africa Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
25. Search, Detection And Navigation Instruments Market Competitive Landscape And Company Profiles
25.1. Search, Detection And Navigation Instruments Market Competitive Landscape
25.2. Search, Detection And Navigation Instruments Market Company Profiles
25.2.1. BAE Systems Plc
25.2.1.1. Overview
25.2.1.2. Products and Services
25.2.1.3. Strategy
25.2.1.4. Financial Performance
25.2.2. Leonardo S.p.A
25.2.2.1. Overview
25.2.2.2. Products and Services
25.2.2.3. Strategy
25.2.2.4. Financial Performance
25.2.3. Raytheon
25.2.3.1. Overview
25.2.3.2. Products and Services
25.2.3.3. Strategy
25.2.3.4. Financial Performance
25.2.4. Thales Group
25.2.4.1. Overview
25.2.4.2. Products and Services
25.2.4.3. Strategy
25.2.4.4. Financial Performance
25.2.5. United Technologies Corp.
25.2.5.1. Overview
25.2.5.2. Products and Services
25.2.5.3. Strategy
25.2.5.4. Financial Performance
26. Key Mergers And Acquisitions In The Search, Detection And Navigation Instruments Market
27. Search, Detection And Navigation Instruments Market Trends And Strategies
28. Search, Detection And Navigation Instruments Market Future Outlook and Potential Analysis
29. Appendix
29.1. Abbreviations
29.2. Currencies
29.3. Research Inquiries
29.4. The Business Research Company
29.5. Copyright And Disclaimer
List of Figure
Figure 1: Global Historic Market Growth, 2015-2019, USD Billion
Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 3: Global Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 4: Global Search, Detection And Navigation Instruments Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 5: Global Search, Detection And Navigation Instruments Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 6: Asia-Pacific, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 7: China, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 8: India, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 9: Japan, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 10: Australia, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 11: Indonesia, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 12: South Korea, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 13: Western Europe, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 14: UK, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 15: Germany, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 16: France, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 17: Eastern Europe, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 18: Russia, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 19: North America, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 20: USA, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 21: South America, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 22: Brazil, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 23: Middle East, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 24: Africa, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Figure 25: BAE Systems Plc Financial Performance
Figure 26: Leonardo S.p.A Financial Performance
Figure 27: Raytheon Financial Performance
Figure 28: Thales Group Financial Performance
Figure 29: United Technologies Corp. Financial Performance
List of Table
Table 1: Global Historic Market Growth, 2015-2019, USD Billion
Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 3: Global Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 4: Global Search, Detection And Navigation Instruments Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 5: Global Search, Detection And Navigation Instruments Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 6: Asia-Pacific, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 7: China, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 8: India, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 9: Japan, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 10: Australia, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 11: Indonesia, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 12: South Korea, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 13: Western Europe, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 14: UK, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 15: Germany, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 16: France, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 17: Eastern Europe, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 18: Russia, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 19: North America, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 20: USA, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 21: South America, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 22: Brazil, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 23: Middle East, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 24: Africa, Search, Detection And Navigation Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, USD Billion
Table 25: BAE Systems Plc Financial Performance
Table 26: Leonardo S.p.A Financial Performance
Table 27: Raytheon Financial Performance
Table 28: Thales Group Financial Performance
Table 29: United Technologies Corp. Financial Performance
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