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Outlook on the Navigation Equipment Global Market to 2029 - Rise in Demand for Handy and Effective Portable Systems are Also Expected to Fuel Growth


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Globally, the navigation equipment market is expected to grow with a CAGR of more than 5% during the forecast period from 2021 to 2029.
Navigation equipment were traditionally referred to the services assisting to find a correct route and path guidance. However, advanced navigation equipment are much more than just that. Technological advancements have improved the navigation equipment in such a way that modern equipment encompasses multiple services and facilities with multiple features and capabilities. This is primarily attributed to the growth of adoption of navigation equipment across various industry verticals. Furthermore, factors such as emergence of need for more accurate, real-time tracking and monitoring facility, rapid advancements in aerospace, military and defense industry, emergence of mobile and internet technology, the rise in demand for handy and effective portable systems ar ....

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