The Autonomous Navigation Market growth is expected to gain high momentum during the forecast period due to various advancements in autonomous navigation technology and its use in different applications such as self-driving cars, drones, etc.

Due to various technological advancements, most processes are being made effortless and smooth by artificial intelligence. Computers can perform specific tasks by processing large volumes of data with the help of technologies such as machine learning (ML) and computer vision. Due to its ability to add intelligence to existing vehicles, autonomous navigation is not only gaining momentum but also leading to the demand for self-driving cars and autonomous drones. There has been a potential growth in unmanned vehicles such as autonomous aircraft, drones, underwater vehicles, ships, surface vehicles, trains, cars in defense as well as commercial sector with respect to technological advancements. Autonomous navigation is also used to gather real-time data, intelligence, surveillance, and reconnaissance in military, government, and commercial fields which have also influenced its growth. The rising demand for robots has also impacted the growth of the global autonomous navigation market.

Key Factors Impacting Market Growth:

• Satellite communication enabling connectivity with multiple sites & navigation
• Technological advancements in AI
• Advancements in navigation technology of autonomous systems
• Increasing use of sensor fusion solutions
• Rising demand for autonomous robots

Regional Outlook: 

The Global Autonomous Navigation Market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. The rest of the World includes South America and Africa. North America and the European region have been traditional regions for the aerospace & defense sector with the presence of major manufacturers and high market demand. In addition to this, these regions have been aggressive in terms of technological developments and research. This is one of the key factors governing the demand for the global autonomous navigation market during the forecast period. Major countries in these regions include the US, France, UK, Germany, Italy, Russia, Canada, and So on. This sector is one of the key contributors to the economies in the region. The Asia Pacific is estimated to be the fastest-growing region with increasing expenditure on defense and space research. With the presence of some of the fastest-growing economies including India and China, this region is projected to be a major market for global autonomous navigation during the forecast period. Other key countries in the region include South Korea, Japan, and Australia. The Middle East region promises a high potential demand for the global autonomous navigation market during the forecast period. Major countries in this region include UAE, Saudi Arabia, Iran, Israel, and others. The rest of the World is an emerging market for global autonomous navigation with demand from countries including South Africa, Brazil, Argentina, Nigeria, and others during the forecast period.

Companies Covered: Companies Covered: ABB, Honeywell International Inc., Raytheon Company, Northrop Grumman Corporation, Thales Group, Moog Inc., Rolls-Royce, Kongsberg Group, Trimble Inc., Furuno Electric Co., Ltd, RH Marine, Safran, General Dynamics Corporation, L3 Technologies Inc., and Collins Aerospace.

Market Segmentation:

By Type:

• Space Platform
• Airborne Platform
• Land Platform
• Marine Platform
• Weapon Platform

By Application:

• Commercial
• Military & Government

By Solution:

• Processing Unit
• Sensing System
  • Automatic Identification System (AIS)
  • Camera
  • Global Navigation Satellite System (GNSS)
  • Inertial Navigation System (INS)
  • Lidar
  • Radar
• Software

By Region:

• North America
  • By Country (US, Canada, Mexico)
  • By Type
  • By Application
  • By Solution
• Eastern Europe
  • By Country (Russia, Turkey, Rest of Eastern Europe)
  • By Type
  • By Application
  • By Solution
• Western Europe
  • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
  • By Type
  • By Application
  • By Solution
• Asia Pacific
  • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
  • By Type
  • By Application
  • By Solution
• Middle East
  • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
  • By Type
  • By Application
  • By Solution
• Rest of the World
  • By Region (South America, Africa)
  • By Type
  • By Application
  • By Solution

Reasons To Buy This Report:

• Market size estimation of the autonomous navigation market on a regional and global basis
• The unique research design for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

• By Segment
• By Sub-segment
• By Region/Country

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