Asia Pacific Autonomous Navigation Market Size and Competitive Analysis by 2027

The autonomous navigation market in APAC is expected to grow from US$ 124.1 million in 2019 to US$ 249.1 million by 2027; it is estimated to grow at a CAGR of 11.1% from 2020 to 2027.

Australia, China, India, Japan, and South Korea are major economies in APAC. AI optimization for increasing navigation efficiency is driving the APAC autonomous navigation market in a positive way. In the new era of fueling technologies, the emergence of big data would prove to be a game-changer for shipping, logistics, military, and other end users of autonomous navigation. The scope of autonomous systems, such as self-driving cars and drones, is anticipated to positively impact individuals' daily lives. Assured navigation is anticipated to be a key enabler for emerging applications of autonomous systems such as cars and drones. Various initiatives have been taken to develop assured AI-based navigation solution for UAVs that enables reliable operation in safety-critical missions in case satellite navigation such as GNSS and GPS are not available. Moreover, autonomous navigation systems offer resilience during pandemics and disasters; for instance, by permitting autonomous deliveries in the situation of viral threats (like COVID-19) without risking any courier or delivery recipients. Pertaining to the growing need for high precision hybrid navigation technologies, AI-based autonomous navigation will help handle safety-critical operations. Therefore, the developers are focusing on designing cost-effective and assured navigation solution for the autonomous systems, which is ideal for safety-critical missions where satellite-based navigation systems are performance-degraded.

Further, the ongoing COVID-19 is having a negative impact over the APAC region. APAC region is characterized by the presence of a large number of developing countries, positive economic outlook, high industrial presence, and huge population. The high growth rate of urbanization and industrialization in developing countries of Asia Pacific region is anticipated to offer ample growth opportunities to the market players operating in the autonomous navigation market. Logistics is amongst the prominent industries in Asian economy due to rising e-commerce, however COVID-19 has impacted the supply chain of many industries. However, due to government’s measures to reduce the effects coronavirus outbreak by announcing lockdowns, travel and trade bans has disturbed the performance of supply chain to some extent. Disturbed logistics industry has witnessed minimal adoption of advanced technologies during the time of lockdown. It is expected that with business getting resumed, the adoption of autonomous technologies and systems such as autonomous navigation will increase to increase efficiency with minimal human intervention. All these measures are expected to have a negative impact on the demand of autonomous navigation in this region especially in 2020 and 2021.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC autonomous navigation market. The APAC autonomous navigation market is expected to grow at a good CAGR during the forecast period.

APAC Autonomous Navigation Market Segmentation

APAC Autonomous Navigation Market – By Solution

• Sensing System
• Navigation System
• Processing Unit
• Software

APAC Autonomous Navigation Market – By Application

• Commercial
• Defense

APAC Autonomous Navigation Market – By Vehicle Type

• AGVs
• Mobile Robots
• UUVs
• Drones
• Others

APAC Autonomous Navigation Market – By Platform

• Land
• Marine
• Space

APAC Autonomous Navigation Market, by Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of APAC

APAC Autonomous Navigation Market - Companies Mentioned

• Brain Corporation
• Collins Aerospace, a Raytheon Technologies Corporation Company
• FURUNO ELECTRIC CO., LTD
• Kollmorgen
• KONGSBERG
• Trimble Inc.
• YUJIN ROBOT Co., Ltd. 

Asia Pacific Autonomous Navigation Report Scope