AI, IoT, 5G and Beyond leading to Substantial Autonomy for certain Solutions and Industry Verticals
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This report assesses the market for autonomous systems including infrastructure and components for land-based, water-based, and aerial vehicles and equipment. It evaluates the strategic initiatives of market-leading companies. The report provides global and regional qualitative and quantitative analysis. This includes market forecasts for all major aspects of autonomous systems through 2027.
Select Report Findings:
- The overall autonomous systems market will reach $34.4 billion by 2027
- The autonomous systems market in aerospace will reach $15.6 billion by 2027
- Autonomous systems in manufacturing, retail, and healthcare will reach $3.0 billion by 2027
- Asia Pacific is expected to be the highest growth region with a CAGR of 20.7%. China, Japan, and South Korea are the major countries for autonomous systems within the Asia Pacific region.
Autonomous systems are important for society due to several reasons:
- Efficiency and Productivity: Autonomous systems can significantly improve efficiency and productivity in various sectors, such as manufacturing, logistics, and agriculture. They can perform repetitive tasks faster and more accurately than humans, leading to increased output and reduced costs.
- Safety: Autonomous systems have the potential to enhance safety in hazardous environments by replacing humans in dangerous jobs. For example, autonomous drones can be used for search and rescue missions in areas that are too risky for human responders. Autonomous vehicles also hold the promise of reducing accidents on the road by minimizing human errors.
- Exploration and Research: Autonomous systems enable exploration in environments that are challenging or inaccessible to humans. For instance, autonomous rovers have been sent to Mars to gather data and explore the planet's surface. Similarly, autonomous underwater vehicles can dive into the depths of the ocean to study marine life and collect valuable scientific information.
- Healthcare and Assistance: Autonomous systems have the potential to revolutionize healthcare by assisting in medical procedures, patient monitoring, and caregiving. They can perform repetitive tasks, freeing up healthcare professionals to focus on more complex and critical aspects of patient care. Autonomous robots can also provide assistance to people with disabilities, improving their quality of life and independence.
- Resource Management: Autonomous systems can contribute to better resource management by optimizing energy consumption, reducing waste, and improving overall sustainability. For example, autonomous building management systems can adjust lighting and temperature based on occupancy, leading to energy savings. Autonomous agriculture systems can optimize irrigation and fertilization, minimizing water usage and environmental impact.
- Education and Research: Autonomous systems offer educational opportunities by providing hands-on experiences in programming, robotics, and artificial intelligence. They can be used in schools and universities to teach students about advanced technologies and foster creativity and problem-solving skills.
However, it is important to note that the deployment of autonomous systems also raises ethical, legal, and social implications. Concerns such as job displacement, privacy, security, and the potential for autonomous systems to make biased or unethical decisions need to be addressed through careful regulation, transparent design, and ongoing public discussion.
Table of Contents
1.0 Executive Summary
Companies Mentioned
- Airbus
- BAE SYSTEMS PLC
- Boeing
- Elbit Systems
- Fortum Technologies
- Lockheed Martin
- Northrop Grumman
- Precision Hawk
- Rockwell Collins
Methodology
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