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Global Military GPS-GNSS Devices market is expected to value US$2.1 Billion in 2017 and is expected to increase to US$2.8 Billion by 2027, growing at a CAGR of 2.73% during the forecast period. The cumulative market for global expenditure on Military GPS-GNSS devices will reach US$25.7 Billion over the forecast period.
Over the last decade this increased usage has allowed, GPS technology to move up several notches with the development of a number of software applications offering a number of services in addition to navigation and tracking; examples include target acquisition, missile guidance, search and rescue, coordinate bombing, precision survey, instrument approach, range instrumentation, remotely piloted vehicle operations, bare base operations, close air support, command and control and the location of enemy radar.
Asia Pacific is projected to dominate the Military GPS-GNSS Devices market, with a share of 34.8% over the forecast period, followed by North America with a share of 23.3%, and Europe with 22.9%. The troubled Middle Eastern region is projected to be a attractive market for Military GPS-GNSS Devices sector and account for a share of 11.5%, followed by the Latin American and African markets with share of 3.7% each.
To perpetuate the pace of innovation and progress in microelectronics technology over the past half-century, it will take an enormous village rife with innovators. This week, about 100 of those innovators throughout the broader technology ecosystem, including participants from the military, commercial, and academic sectors, gathered at DARPA headquarters at the kickoff meeting for the Agency’s new CHIPS program, known in long form as the Common Heterogeneous Integration and Intellectual Property (IP) Reuse Strategies program.
Building on recent breakthroughs in autonomous cyber systems and formal methods, DARPA today announced a new research program called Assured Autonomy that aims to advance the ways computing systems can learn and evolve to better manage variations in the environment and enhance the predictability of autonomous systems like driverless vehicles and unmanned aerial vehicles (UAVs).
The Department of Defense’s proposed FY 2018 budget includes a $75 million allocation for DARPA in support of a new, public-private “electronics resurgence” initiative. The initiative seeks to undergird a new era of electronics in which advances in performance will be catalyzed not just by continued component miniaturization but also by radically new microsystem materials, designs, and architectures.