Autonomous Navigation Trends and Forecast
The future of the global autonomous navigation market looks promising with opportunities in the airborne, land, marine, space, and weapon markets. The global autonomous navigation market is expected to reach an estimated $7.0 billion by 2030 with a CAGR of 11.2% from 2024 to 2030. The major drivers for this market are growth in the need for autonomous systems' perceive and avoid systems, growth in the use of autonomous robots for both military and commercial purposes, as well as a rise in the need for real-time data in military applications.Autonomous Navigation by Segment
The study includes a forecast for the global autonomous navigation by solution, platform, application, and region.Autonomous Navigation Market by Solution [Shipment Analysis by Value from 2018 to 2030]:
- Hardware
- Software
Autonomous Navigation Market by Platform [Shipment Analysis by Value from 2018 to 2030]:
- Airborne
- Land
- Marine
- Space
- Weapon
Autonomous Navigation Market by Application [Shipment Analysis by Value from 2018 to 2030]:
- Commercial
- Military & Government
Autonomous Navigation Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Autonomous Navigation Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies autonomous navigation companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the autonomous navigation companies profiled in this report include:- Honeywell
- Thales
- Northrop Grumman
- General Dynamics
Autonomous Navigation Market Insights
The report forecasts that hardware is expected to witness the higher growth over the forecast period because the advancements in autonomous navigation have revolutionized the field, with sensors, processors, and connectivity.APAC is expected to witness highest growth over the forecast period because the region has emerged as a hub for automobile production, infrastructural developments and industrialization in emerging economies have opened new avenues, creating several opportunities for automotive OEMs.
Features of the Global Autonomous Navigation Market
- Market Size Estimates: Autonomous navigation market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Autonomous navigation market size by solution, platform, application, and region in terms of value ($B).
- Regional Analysis: Autonomous navigation market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different solution, platform, application, and regions for the autonomous navigation market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the autonomous navigation market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the autonomous navigation market size?Answer: The global autonomous navigation market is expected to reach an estimated $7.0 billion by 2030.
Q1. What is the growth forecast for autonomous navigation market?
Answer: The global autonomous navigation market is expected to grow with a CAGR of 11.2% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the autonomous navigation market?
Answer: The major drivers for this market are growth in the need for autonomous systems' perceive and avoid systems, growth in the use of autonomous robots for both military and commercial purposes, as well as a rise in the need for real-time data in military applications.
Q3. What are the major segments for autonomous navigation market?
Answer: The future of the global autonomous navigation market looks promising with opportunities in the airborne, land, marine, space, and weapon markets.
Q4. Who are the key autonomous navigation market companies?
Answer: Some of the key autonomous navigation companies are as follows:
- Honeywell
- Thales
- Northrop Grumman
- General Dynamics
Answer: The report forecasts that hardware is expected to witness the higher growth over the forecast period because the advancements in autonomous navigation have revolutionized the field, with sensors, processors, and connectivity.
Q6. In autonomous navigation market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period because the region has emerged as a hub for automobile production, infrastructural developments and industrialization in emerging economies have opened new avenues, creating several opportunities for automotive OEMs.
Q7. Do we receive customization in this report?
Answer: Yes, the publisherl provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the autonomous navigation market by solution (hardware and software), platform (airborne, land, marine, space, and weapon), application (commercial and military & government), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Autonomous Navigation Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Honeywell
- Thales
- Northrop Grumman
- General Dynamics
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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