What is Global Aircraft GPS Market?
The Global Aircraft GPS Market is a vast and dynamic sector that plays a crucial role in the aviation industry. It refers to the global market for GPS systems specifically designed for aircraft. These systems are essential for navigation and flight planning, providing accurate and real-time information about an aircraft's position, speed, and direction. The market encompasses various types of GPS systems, including those used in commercial airlines, private jets, military aircraft, and drones. As of 2023, the market was valued at a substantial US$ 359 million, indicating its significant economic impact. The market is expected to grow further, reaching an estimated value of US$ 485.4 million by 2030. This growth is driven by technological advancements, increasing demand for accurate navigation systems, and the growing aviation industry.
Portable Type, Embedded Type in the Global Aircraft GPS Market:
The Global Aircraft GPS Market is segmented into two main types: Portable and Embedded GPS systems. Portable GPS systems are compact, handheld devices that can be easily transported and used in different aircraft. They are popular among private pilots and small aircraft operators due to their affordability and convenience. On the other hand, Embedded GPS systems are integrated into the aircraft's avionics system. They offer more advanced features, including integration with other onboard systems, higher accuracy, and reliability. These systems are commonly used in commercial airlines, military aircraft, and high-end private jets. Despite their higher cost, the demand for embedded systems is growing due to their superior performance and the increasing complexity of modern aircraft.
Airliner, General Aviation, Business Aircraft, Others in the Global Aircraft GPS Market:
The Global Aircraft GPS Market serves a wide range of applications in the aviation industry. Airliners, the largest segment of the market, rely heavily on GPS systems for navigation and flight planning. General Aviation, which includes all non-commercial aircraft, also uses GPS systems for navigation, especially in visual flight rules (VFR) conditions. Business Aircraft, including corporate jets and charter flights, use GPS systems for both navigation and in-flight entertainment. Other applications include military aircraft, drones, and experimental aircraft. Each of these segments has unique requirements and preferences, contributing to the diversity and dynamism of the market.
Global Aircraft GPS Market Outlook:
Looking at the market outlook, in 2023, the Global Aircraft GPS Market was valued at a significant US$ 359 million. It is projected to experience a steady growth, with an expected value of US$ 485.4 million by 2030. This represents a compound annual growth rate (CAGR) of 4.3% during the forecast period from 2024 to 2030. The market is dominated by three major companies, which collectively hold approximately 45% of the global market share. Geographically, North America is the leading region in the market, accounting for about 80% of the total market, followed by Europe with a 20% share.
| Report Metric | Details |
| Report Name | Aircraft GPS Market |
| Accounted market size in 2023 | US$ 359 million |
| Forecasted market size in 2030 | US$ 485.4 million |
| CAGR | 4.3% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Oxford Technical Solutions, Garmin International, DUAL, Bad Elf, AG-NAV, Advanced Navigation, AVMAP, Flymaster, Genesys Aerosystems, Gladiator Technologies, NovAtel, TMH-TOOLS |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
