According to our latest market study on “Autonomous Navigation Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Solution (Sensing System, Navigation System, Processing Unit, and Software), Application (Commercial and Defense), Vehicle Type (AGVs, Mobile Robots, UUVs, Drones, and Others), and Platform (Land, Marine, and Space),” the market was valued at US$ 427.8 million in 2019 and is projected to reach US$ 796.0 million by 2027; it is expected to grow at a CAGR of 10.1% from 2020 to 2027.
The rapid change in modern warfare has been urging the governments to allocate higher amounts to respective military forces. The higher military budget allocation enables the military forces to purchase robust indigenous technologies, such as autonomous navigation technology, and various other technologies from international manufacturers.
Get Sample PDF Brochure with Impact of COVID19: https://www.theinsightpartners.com/sample/TIPRE00007208/
Competitive Landscape: Autonomous Navigation Market: BlueBotics SA,Yujin Robot Co., Ltd,Kongsberg,Trimble Inc.,Autonomous Solutions, Inc.,Collins Aerospace, a Raytheon Technologies Corporation Company,Kollmorgen,Brain Corporation,Kinexon
The military vehicle modernization practices are peaking in the current scenario among most military forces to keep the personnel and vehicles mission-ready. To modernize vehicles, the defense ministries across the world are investing substantial amounts in newer technologies—such as autonomous drones, AGVs, and UUVs. This factor is boosting the growth of the military autonomous navigation market.
The emerging autonomous navigation market players are gaining industry recognition as they are capable of offering sealing solutions at competitive prices. Due to the slow rate of the emergence of new players, the impact of threat to new entrants in the market is low in the present scenario. However, with the projected increase in the number of new market entrants offering cost-effective products, this threat to new entrants would also reach moderate levels.
Favorable economic conditions in North America bolster the growth of the startup hub. For example, Flyability (the Swiss creator of the groundbreaking Elios 2 drone for indoor inspections) opened its first US office in Denver, Colorado, in January 2020 to continue its rapid expansion into the US markets and offer robust customer and partner support. Such factors contribute to fair competition for employment in the various companies in North America.
Inquire before Buying Copy of Global Autonomous Navigation Market: https://www.theinsightpartners.com/inquiry/TIPRE00007208/
According to the latest report from World Health Organization (WHO), the US, Spain, Italy, France, Germany, the UK, Russia, Turkey, Brazil, Iran, and China are among the worst affected countries due to the COVID-19 outbreak. The outbreak was first reported in Wuhan, China, in December 2019. The crisis is adversely affecting the industries worldwide. The global economy is witnessing the worst hit, and it is likely to continue in 2021 also.
The report segments the global Autonomous Navigation market as follows:
Autonomous Navigation Market – by Solution
- Sensing System
- Processing Unit
- Software
Autonomous Navigation Market – by Application
- Commercial
- Defense
Autonomous Navigation Market – by Vehicle Type
- AGVs
- Mobile Robots
- UUVs
- Drones
- Others
Autonomous Navigation Market – by Platform
- Land
- Marine
- Space
Autonomous Navigation Market – by Application
- Airframe
- Engine
- Landing Gear
- Flight Control and Hydraulic Systems
Interested in Purchasing this Report? Click here @ https://www.theinsightpartners.com/buy/TIPRE00007208/
Note: If you have any special requirements, please let us know and we will offer you the report as you want.
About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.
Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
