The Autonomous Navigation Market Size was valued at USD 4.19 billion in 2022, expected to reach USD 13.91 billion by 2030 with a growing CAGR of 16.21% over the forecast period 2023-2030.
The autonomous navigation market is expanding rapidly as a result of increased demand for self-driving cars, robots, and drones in recent years. An autonomous navigation system allows a manned or unmanned system to choose its own path and navigate its surroundings with little or no human intervention. Sensors used in autonomous navigation systems include inertial navigation systems, satellite navigation systems, radars, cameras, and ultrasonic and acoustics navigation, among others. Furthermore, it autonomously defines a trajectory through the system's or robot's environment while taking into account the system's dynamics and movement limitations in order to deal with any unexpected obstacles while maintaining its stability.
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Autonomous navigation systems can change their behaviour in real time without the need for human intervention. These self-driving systems include useful features such as situational awareness, GPS, and 3D cameras. Thus, these features are beneficial to logistics companies because they help to track drivers and provide real-time location information about vehicles. As a result, the Autonomous Navigation Market is being fueled by the growing demand for autonomous navigation systems in the logistics industry.
According to Autonomous Navigation Market Analysis, the global market is growing as a result of increased interest in improving autonomous submerged vessels, Unmanned Surface Vehicles, and autonomous vessels around the world. Because of the continued support of the intended audiences such as government authorities, autonomous navigation system manufacturers, research institutes, law enforcement agencies, regulatory bodies, defence companies, and defence organisations, the current Autonomous Navigation Market Trends are continuing the trending position that has been established over the years.
MARKET DYNAMICS
KEY DRIVERS
Autonomous Robots are widely used for commercial and military purposes.
Because of the growing number of initiatives for the development of autonomous systems.
RESTRAINTS
Lack of High-Level Interfacing and Performance in Untested Environments
Developing countries lack the necessary infrastructure for autonomous systems.
OPPORTUNITIES
Initiatives for Autonomous System Development
Autonomous Robots Provide Support Services
CHALLENGES
Uncertain Regulatory Framework for the Use of Autonomous Systems
Automation makes autonomous systems vulnerable to cyber threats.
THE IMPACT OF COVID-19
The government has put a stop to the spread of COVID-19 and has contributed to the development and development of an independent navigation system.
Manufacturers of independent navigation systems rely heavily on a variety of component and equipment providers to test and develop an independent navigation system. However, the restrictions imposed by the government on transport services to control the outbreak of COVID-19 have disrupted the supply chain.
Drone manufacturers and robots are forced to close their production process due to a lack of staff, as authorities have suspended flights due to the COVID-19 epidemic.
Navigation system developers are forced to delay ongoing projects to include automated navigation on planes, cars, and robots due to short operating problems caused by COVID-19.
Manufacturers of aircraft and robots are unable to use the independent navigation system due to mandatory travel restrictions imposed by authorities to reduce COVID-19 outbreaks.
The software segment of the autonomous navigation market is expected to grow at the fastest CAGR during the forecast period, according to solution. In autonomous vehicles, data analysis and management software is used to perform functions such as smooth mobility, health monitoring, and collision avoidance. The system software is in charge of performing complex operations and providing learning capabilities.
The commercial segment is growing at the fastest CAGR during the projected period. All autonomous systems used in the aviation, automotive, logistics, and marine sectors are included in the commercial segment. This market is expected to expand dramatically in the future as a result of ongoing research and development in robotics, computer vision, artificial intelligence, and edge computing capabilities. The potential for increased output at lower costs is expected to drive future demand for autonomous systems.
The segment of sensing systems is expected to dominate the global Autonomous Navigation Market. The software segment, on the other hand, is expected to grow at the fastest rate during the research period. The software market is growing as it helps with various functions such as collision avoidance, health monitoring, and data analysis.
By Platform
Airborne
Land
Space and Weapon
Marine
By Application
Commercial
Military & Government
By Solution
Sensing System
Software
Processing Unit
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REGIONAL ANALYSIS
During the forecast period, the Asia Pacific autonomous navigation market is expected to grow at the fastest CAGR. The Chinese autonomous navigation market is the largest in the Asia Pacific region, and sales and demand for high-tech vehicles are increasing significantly. Given the country's rising disposable income, China is one of the most important markets for high-tech vehicles. Almost all major automakers have made investments in the Chinese market, which favour small and affordable passenger vehicles. A surge in demand is anticipated because current vehicle penetration is low in comparison to developed countries. China's increasing automotive production levels have increased vehicle demand.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Major Players are Raytheon Technologies Corporation, Thales Group, Northrop Grumman, Safran, Honeywell International, General Dynamics Corporation, Autonomous Solutions Inc., Collins Aerospace, Rockwell Collins, Moog Inc & Other Players.
Raytheon Technologies Corporation-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 4.19 Billion |
| Market Size by 2030 | US$ 13.91 Billion |
| CAGR | CAGR of 16.21% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Platform (Airborne, Land, Space, Marine, Weapon) • By Application (Commercial, Military & Government) • By Solution (Sensing System, Software, Processing Unit) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Raytheon Technologies Corporation, Thales Group, Northrop Grumman, Safran, and Honeywell International, General Dynamics Corporation, Autonomous Solutions Inc., Collins Aerospace, Rockwell Collins, Moog Inc |
| DRIVERS | • Autonomous Robots are widely used for commercial and military purposes. • Because of the growing number of initiatives for the development of autonomous systems. |
| RESTRAINTS | • Lack of High-Level Interfacing and Performance in Untested Environments • Developing countries lack the necessary infrastructure for autonomous systems. |
Drone manufacturers and robots are forced to close their production process due to a lack of staff, as authorities have suspended flights due to the COVID-19 epidemic. Manufacturers of independent navigation systems rely heavily on a variety of component and equipment providers to test and develop an independent navigation system.
Manufacturers/Service provider, Consultant, Association, Research institute, private and universities libraries, Suppliers and Distributors of the product.
Initiatives for Autonomous System Development and Autonomous Robots Provide Support Services.
The airborne segment and Sensing System Segment both are projected to dominate the global Autonomous Navigation Market.
Autonomous Robots are widely used for commercial and military purposes. And Because of the growing number of initiatives for the development of autonomous systems.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Autonomous Navigation Market Segmentation, by Platform
8.1 Airborne
8.2 Land
8.3 Space and Weapon
8.4 Marine
9. Autonomous Navigation Market Segmentation, by Application
9.1 Commercial
9.2 Military & Government
10. Autonomous Navigation Market Segmentation, by Solution
10.1 Sensing System
10.2 Software
10.3 Processing Unit
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Collins Aerospace
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Northrop Grumman
12.3 Rockwell Collins
12.4 General Dynamics Corporation
12.5 Honeywell International Inc.
12.6 Autonomous Solutions Inc.
12.7 Moog Inc.
12.8 ABB
12.9 Raytheon Technologies Corporation
12.10 Thales Group
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
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