| Product Code: ETC5856808 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Grenada`s military navigation import shipments continued to see high concentration, with the top countries exporting being the USA, Barbados, Guyana, Saint Vincent and the Grenadines, and Areas, nes. Despite a significant decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) for the period 2020-24 remained strong at 8.0%. This indicates a sustained interest and demand for military navigation equipment in Grenada, with potential for further growth and diversification in the future.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Grenada Military Navigation Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Military Navigation Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Military Navigation Market - Industry Life Cycle |
3.4 Grenada Military Navigation Market - Porter's Five Forces |
3.5 Grenada Military Navigation Market Revenues & Volume Share, By Platform, 2021 & 2031F |
3.6 Grenada Military Navigation Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Grenada Military Navigation Market Revenues & Volume Share, By Component, 2021 & 2031F |
4 Grenada Military Navigation Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing defense budget of Grenada |
4.2.2 Rising security threats and geopolitical tensions in the region |
4.2.3 Technological advancements in military navigation systems |
4.3 Market Restraints |
4.3.1 Limited skilled workforce in the field of military navigation technology |
4.3.2 High initial costs associated with implementing advanced navigation systems |
5 Grenada Military Navigation Market Trends |
6 Grenada Military Navigation Market Segmentations |
6.1 Grenada Military Navigation Market, By Platform |
6.1.1 Overview and Analysis |
6.1.2 Grenada Military Navigation Market Revenues & Volume, By Ammunition, 2021-2031F |
6.1.3 Grenada Military Navigation Market Revenues & Volume, By Aviation, 2021-2031F |
6.1.4 Grenada Military Navigation Market Revenues & Volume, By Ground, 2021-2031F |
6.1.5 Grenada Military Navigation Market Revenues & Volume, By Marine, 2021-2031F |
6.1.6 Grenada Military Navigation Market Revenues & Volume, By Unmanned Vehicle, 2021-2031F |
6.1.7 Grenada Military Navigation Market Revenues & Volume, By Space, 2021-2031F |
6.2 Grenada Military Navigation Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Grenada Military Navigation Market Revenues & Volume, By ISR, 2021-2031F |
6.2.3 Grenada Military Navigation Market Revenues & Volume, By C2, 2021-2031F |
6.2.4 Grenada Military Navigation Market Revenues & Volume, By Combat & Security, 2021-2031F |
6.2.5 Grenada Military Navigation Market Revenues & Volume, By Targeting & Guidance, 2021-2031F |
6.2.6 Grenada Military Navigation Market Revenues & Volume, By SAR, 2021-2031F |
6.3 Grenada Military Navigation Market, By Component |
6.3.1 Overview and Analysis |
6.3.2 Grenada Military Navigation Market Revenues & Volume, By Hardware, 2021-2031F |
6.3.3 Grenada Military Navigation Market Revenues & Volume, By Software, 2021-2031F |
6.3.4 Grenada Military Navigation Market Revenues & Volume, By Service, 2021-2031F |
7 Grenada Military Navigation Market Import-Export Trade Statistics |
7.1 Grenada Military Navigation Market Export to Major Countries |
7.2 Grenada Military Navigation Market Imports from Major Countries |
8 Grenada Military Navigation Market Key Performance Indicators |
8.1 Adoption rate of new military navigation technologies by Grenada military |
8.3 Level of integration of navigation systems with other defense technologies |
9 Grenada Military Navigation Market - Opportunity Assessment |
9.1 Grenada Military Navigation Market Opportunity Assessment, By Platform, 2021 & 2031F |
9.2 Grenada Military Navigation Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Grenada Military Navigation Market Opportunity Assessment, By Component, 2021 & 2031F |
10 Grenada Military Navigation Market - Competitive Landscape |
10.1 Grenada Military Navigation Market Revenue Share, By Companies, 2024 |
10.2 Grenada Military Navigation Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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