Autonomous Navigation Market by Size, Growth, Trends, Solution, Platform, Application and Region - Global Forecast to 2030
Navigation Market Report
provides an analysis of the market from 2018 to 2030.It discusses industry and
technology trends currently prevailing in the market, along with drivers,
challenges, and opportunities. The
autonomous navigation market is estimated at USD 2.2 billion in 2018 and is
projected to reach USD 13.5 billion by 2030, at a Compound Annual Growth Rate
(CAGR) of 16.19% from 2018 to 2030.
such as the development of sense & avoid systems in autonomous systems,
high adoption of autonomous systems for commercial and military purposes, and
demand for autonomous robots in logistics are expected to fuel the growth of
the autonomous navigation market.
Browse 94 market data
Tables and 53 Figures spread through 158 Pages and in-depth TOC on "Autonomous
Navigation Market” - Global Forecast to 2030
The software segment to grow at a
higher CAGR in the autonomous navigation market during the forecast period
on solution, the software segment is estimated to lead the autonomous
navigation market during the forecast period. With advancements in technology,
artificial intelligence has made most processes easy. Technologies like machine
learning (ML) and computer vision are used to train computers to perform
specific tasks by processing large volumes of data. AI is gaining momentum
because of its ability to add intelligence to existing vehicles. Increasing
demand for self-driving cars and autonomous drones is expected to drive the
software segment in this market.
Increasing investment in autonomous
aircraft is expected to drive the market for airborne autonomous navigation
market during the forecast period
on platform, the airborne platform segment of the autonomous navigation market
is estimated to have the highest CAGR during the forecast period. The
advancements within the military & government sector have led to more
contracts and partnerships with the manufacturers of airborne systems. This will
help this sector procure and utilize autonomous aircraft, autonomous weapons,
and autonomous drones for special missions.
Asia Pacific region shows the
highest potential for implementation of autonomous aircraft
autonomous navigation market in the Asia Pacific region is expected to witness
high growth during the forecast period. Increasing awareness about robotics is
expected to drive the demand for autonomous systems in the Asia Pacific region.
Price is a major factor restraining the adoption of autonomous systems.
However, with the increase in demand and reduction in prices of major
components such as sensors and processors, the market for autonomous navigation
has a promising future in this region.
major players in the autonomous navigation market include Raytheon (US), Thales
(France), Northrop Grumman (US), Safran (France), and Honeywell International
(US), among others. Raytheon is one of the key market players engaged in
securing contracts to increase the sale of autonomous navigation by individual
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