According to the latest research by SkyQuest Technology, the Global Autonomous Navigation Market was valued at USD 2461.37 Million in 2020, and it is expected to reach USD 8998.12 Million by 2027, with a CAGR of 17.63% during the forecast period of 2021 – 2027. The research provides an up-to-date analysis of the current market landscape, latest trends, drivers, and overall market environment.
The autonomous navigation network is a collection of complex systems that assists in decision-making based on surrounding circumstances, that allows the vehicle to operate without human intervention. It can be found in a variety of vehicles, such as robots, drones, boats, automobiles, and others. Navigation systems technology employs advanced technologies and autonomous navigation algorithms to ensure accurate and safe vehicle navigation. Inertial navigation, global navigation satellite systems (GNSS), cameras, radars, odometers, LiDARs, barometers, infrared sensors, and ultrasound sensors are used for effective autonomous navigation based on a robot operating system (ROS). COVID-19 patients in Russia, Japan, India, and the United Kingdom were assisted by robots. As a result, as the demand for robots grows, so will the demand for the autonomous navigation systems used in the robots.
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The operational processes of the manufacturing industry have been optimised by the industrial revolution, such as Industry 4.0, and Artificial Intelligence . In recent years, machines with time and cost-saving features, as well as less human intervention, have been manufactured. The application of artificial intelligence to augment autonomous robots has transformed a wide range of industries. In autonomous robots, the autonomous navigation system is critical. This system allows robots to accurately detect their surroundings and make decisions without the need for human intervention. AI-powered combat robots are being designed and developed in Israel, Turkey, and India.
Read the market research report, ” Global Autonomous Navigation Market is Segmented By Solution (Sensing System, Software, Processing Unit), By Platform (Airborne, Land, Space, Marine, Weapon), By Application (Commercial, Military & Government) & By Region – Forecast And Analysis 2021-2027” by SkyQuest
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Several business owners are progressively entering a new era of customer engagement, fueled by an emerging regulatory environment and rapid advancement. Digital technologies are regarded as essential in this day and age. As a result, these businesses are implementing artificial intelligence, cloud computing, and big data technologies to accelerate their growth. They are working to transform traditional business models into modern strategies. However, the rising threat of security breaches and cyber-attacks may stymie the growth of the digital transformation market in the near future.
UAV procurement and deployment are becoming more common for business and defence purposes. UAVs use transponders to gain situational awareness and collision avoidance capability. Recent developments include the collaboration of UAV Navigation (an autopilot and flight control system developer company) and Sagetech Avionics Inc. (an avionic system manufacturer) to integrate an ADS-B (Automatic Dependent Surveillance – Broadcast) in/out transponder with a UAV’s autopilot to provide surrounding aircraft position, situational awareness, and the development of search and avoidance capability. ABS-D in/out transponders broadcast aircraft parameters such as position, altitude, and aircraft identification to control towers or receiver aircrafts. Furthermore, it is a tracking device that functions as both a transmitter and a receiver, and it is regarded as a potential key component in future unmanned traffic management systems.
The Asia-Pacific region is expected to hold the largest market share of more than 35% in 2021. This is due to the presence of China’s largest autonomous navigation market. China is one of the most important markets for high-tech automobiles, owing to the country’s growing disposable wealth. Almost every major automaker has placed a bet on China’s compact, low-cost passenger vehicle market. Because automobile penetration in developing countries is lower than in developed countries, a surge in demand is anticipated.
The market is characterized by the presence of a few well-established players. New product launches, partnerships, and investing in research & development have been key business strategies. The major players in the market are Raytheon (US), Thales (France), Northrop Grumman (US), Safran (France), and Honeywell International (US), among others.
The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
Report Findings
- Drivers- The increase in use of unmanned vehicles, and increase in the demand for sense and avoid systems in autonomous systems, and an increase in the adoption of autonomous robots in commercial and military applications.
- Restraint- The lack of standard infrastructure for the operation of robots in developing countries is expected to slow down the demand for autonomous navigation over the forecast year.
What does this Report Deliver?
- Market Estimation for 20+ Countries
- Customization on Segments, Regions, and Company Profiles
- 100+ tables, 150+ Figures
- Global and Country Market Trends
- Comprehensive Mapping of Industry Parameters
- Attractive Investment Proposition
- Competitive Strategies Adopted by Leading Market Participants
- Market drivers, restraints, opportunities, and their impact on the market
- Market growth rate till 2027
- Global and Country Market trends
- Regulatory scenario, regional dynamics, and insights of leading countries in each region
- Segment trends and analysis
- Opportunity analysis by region and country
- Segment opportunity and growth
- Porter’s five force analysis to know the market’s condition
- Pricing analysis
- Parent market analysis
- Product portfolio benchmarking
SkyQuest has segmented the Global Autonomous Navigation Market based on Solution, Platform, Application, and Region:
- Global Autonomous Navigation Market By Solution (Revenue, USD Million, 2021 – 2027)
- Sensing System
- Software
- Processing Unit
- Global Autonomous Navigation Market By Platform (Revenue, USD Million, 2021 – 2027)
- Airborne
- Land
- Space
- Marine
- Weapon
- Global Autonomous Navigation Market By Application (Revenue, USD Million, 2021 – 2027)
- Commercial
- Military & Government
- Global Autonomous Navigation Market By Region (Revenue, USD Million, 2021 – 2027)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
- Central & South America
- Brazil
- Rest of CSA
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of MEA
- North America
List of Key Players of the Autonomous Navigation Market
- Raytheon (US)
- Thales (France)
- Northrop Grumman (US)
- Safran (France)
- Honeywell International (US)
- ABB Ltd. (US)
- Rockwell Collins (US)
- Moog (US)
- Rolls-Royce (UK)
- Kongsberg Gruppen (Norway)
About Us-
SkyQuest Technology Group is a Global Market Intelligence, Innovation Management & Commercialization organization that connects innovation to new markets, networks & collaborators for achieving Sustainable Development Goals.
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