Global Defense Navigation Market Size 2024, Forecast To 2033

The defense navigation market has witnessed rapid growth in recent years, escalating from $251.51 billion in 2023 to $290.45 billion in 2024, reflecting a robust compound annual growth rate (CAGR) of 15.5% during the historic period. This growth can be attributed to various factors, including military modernization programs, the evolving global threat landscape, increased demand for autonomous systems, substantial aerospace and defense budgets, and the integration of cybersecurity measures. Looking ahead to 2028, the market is anticipated to continue its momentum, projecting a size of $495.93 billion with a CAGR of 14.3%. Key drivers for this anticipated growth encompass enhanced positioning accuracy, solutions for navigation in urban warfare scenarios, advancements in multi-domain operations, resilience against electronic warfare, innovations in human-machine interfaces, and the implementation of global navigation solutions in denied environments. Major trends in the forecast period include the prominence of GNSS and inertial navigation systems, the development of anti-jamming technologies, the incorporation of augmented reality (AR) in heads-up displays, a focus on miniaturization and size reduction, and the integration of multi-domain navigation systems.