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Navigational Equipment

Global demand for navigational equipment is forecast to expand 0.9% p.a. between 2016 and 2020. Currently, aeronautical and space navigation equipment accounts for 45.5% of the global demand while the remaining market share is divided between direction finding compasses (7.0%), other navigational equipment (20.5%) and accessories and parts for navigational equipment (27.0%).

China, France, Macedonia, the United Kingdom and the United States are considered the highest potential markets in the coming years. Canada, France, Germany, the United Kingdom and the United States represent the largest navigational equipment markets while the strongest annual growth is forecast to occur in Macedonia (20.4%), Portugal (13.5%), Ethiopia (11.8%), Cyprus (11.2%) and Malaysia (10.5%).

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