The autonomous navigation market is expected to grow from US$ 427.8 million in 2019 to US$ 796.0 million by 2027; it is estimated to grow at a CAGR of 10.1% from 2020 to 2027.

The rapid change in modern warfare has been urging the governments to allocate higher amounts to respective military forces. The higher military budget allocation enables the military forces to purchase robust indigenous technologies, such as autonomous navigation technology, and various other technologies from international manufacturers. The military vehicle modernization practices are peaking in the current scenario among most military forces to keep the personnel and vehicles mission-ready. To modernize vehicles, the defense ministries across the world are investing substantial amounts in newer technologies—such as, autonomous drones, AGVs, and UUVs. This factor is boosting the growth of the military autonomous navigation market

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Autonomous Navigation Market: Strategic Insights

Autonomous Navigation Market

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  CAGR (2019 - 2027)

  10.1%
• Market Size 2019
  US$ 427.8 Million
• Market Size 2027
  US$ 796.0 Million

Market Dynamics

GROWTH DRIVERS

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FUTURE TRENDS

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OPPORTUNITIES

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Key Players

• BlueBotics SA
• YUJIN ROBOT Co., Ltd.
• KONGSBERG
• Trimble Inc.
• Autonomous Solutions, Inc.
• Collins Aerospace, a Raytheon Technologies Corporation Company
• Kollmorgen
• Brain Corporation
• KINEXON

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Solution

• Sensing System
• Navigation System
• Processing Unit
• Software

Application

• Commercial and Defense

Vehicle Type

• AGVs
• Mobile Robots
• UUVs
• Drones
• Others

Platform

• Land
• Marine
• Space

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Unmanned aerial vehicles (UAV) are designed and developed for military and civilian applications. At present, the defense industry is considered a prime market for UAVs and is expected to be a major industry for the adoption of UAVs in coming days. These vehicles are widely used for fighter combat, surveillance, aircraft carrier operations, stealth missions, and military communications applications. The drone technology is interdisciplinary with the integration of aerospace structures, telemetry, electronics, and other components. The production of UAVs requires a substantial number of electronic components for data recording and transmission applications, and also for avionic functions. Similarly, the adoption of automated guided vehicle (AGVs) across warehouses to automate the overall operation and reduce the manpower is boosting the integration of autonomous navigation. Moreover, marine sector globally is investing robustly for procuring unmanned underwater vehicles (UUVs), which are used for seafloor mapping, digital cameras, ultrasonic imaging, bathymetry, and magnetic sensors. All these factors propel the adoption of autonomous navigation technology across military, transportation & logistics, and marine sector.

According to the latest report from World Health Organization (WHO), the US, Spain, Italy, France, Germany, the UK, Russia, Turkey, Brazil, Iran, and China are among the worst affected countries due to the COVID-19 outbreak. The outbreak was first reported in Wuhan, China, in December 2019. The crisis is adversely affecting the industries worldwide. The global economy is witnessing the worst hit, and it is likely to continue in 2021 also.

The governments of countries are restricting the transportation of humans and goods owing to the continuous growth in the number of COVID-19 infected patients. The manufacturing and construction industries, warehouses, and coal-fired plants are experiencing a temporary shutdown in their activities. Therefore, the use of autonomous technologies in systems is interrupted. The procurement of new systems with autonomous technology was declined in the first quarter of 2020. In addition, the restrictions on supply chain activities are hindering the development cycle and testing of autonomous navigation.

 Autonomous Navigation Market Report Scope

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Autonomous Navigation Market Segmentation

Autonomous Navigation Market – by Solution

• Sensing System
• Processing Unit
• Software

Autonomous Navigation Market – by Application

• Commercial
• Defence

Autonomous Navigation Market – by Vehicle Type

• AGVs
• Mobile Robots
• UUVs
• Drones
• Others

Autonomous Navigation Market – by Platform

• Land
• Marine
• Space

Autonomous Navigation Market – by Geography

• North America
• Europe
• Asia Pacific (APAC)
• Middle East & Africa (MEA)
• South America (SAM)

Autonomous Navigation Market – Companies Mentioned

• BlueBotics SA
• Yujin Robot Co., Ltd
• Kongsberg
• Trimble Inc.
• Autonomous Solutions, Inc.
• Collins Aerospace, a Raytheon Technologies Corporation Company
• Kollmorgen
• Brain Corporation
• Kinexon