Autonomous Navigation Market Opportunity and Trends 2027

Autonomous Navigation Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Solution (Sensing System, Navigation System, Processing Unit, and Software), Application (Commercial and Defense), Vehicle Type (AGVs, Mobile Robots, UUVs, Drones, and Others), and Platform (Land, Marine, and Space)

  • Report Code : TIPRE00007208
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 191
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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

  • CAGR (2019 - 2027)
    10.1%
  • Market Size 2019
    US$ 427.8 Million
  • Market Size 2027
    US$ 796.0 Million

Market Dynamics

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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
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

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

Report Attribute Details
Market size in 2019 US$ 427.8 Million
Market Size by 2027 US$ 796.0 Million
Global CAGR (2019 - 2027) 10.1%
Historical Data 2017-2018
Forecast period 2020-2027
Segments Covered By Solution
  • Sensing System
  • Navigation System
  • Processing Unit
  • Software
By Application
  • Commercial and Defense
By Vehicle Type
  • AGVs
  • Mobile Robots
  • UUVs
  • Drones
  • Others
By Platform
  • Land
  • Marine
  • Space
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • BlueBotics SA
  • YUJIN ROBOT Co., Ltd.
  • KONGSBERG
  • Trimble Inc.
  • Autonomous Solutions, Inc.
  • Collins Aerospace, a Raytheon Technologies Corporation Company
  • Kollmorgen
  • Brain Corporation
  • KINEXON
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

    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
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    Solution , Application , Vehicle Type , and Platform

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

    The List of Companies - Autonomous Navigation Market

    1. BlueBotics SA
    2. YUJIN ROBOT Co., Ltd.
    3. KONGSBERG
    4. Trimble Inc.
    5. Autonomous Solutions, Inc.
    6. Collins Aerospace, a Raytheon Technologies Corporation Company
    7. Kollmorgen
    8. Brain Corporation
    9. KINEXON
    10. FURUNO ELECTRIC CO., LTD.

    The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

    1. Data Collection and Secondary Research:

    As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

    Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

    1. Primary Research:

    The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

    For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

    A typical research interview fulfils the following functions:

    • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
    • Validates and strengthens in-house secondary research findings
    • Develops the analysis team’s expertise and market understanding

    Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

    • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
    • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

    Below is the breakup of our primary respondents by company, designation, and region:

    Research Methodology

    Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

    1. Data Analysis:

    Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

    • 3.1 Macro-Economic Factor Analysis:

    We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

    • 3.2 Country Level Data:

    Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

    • 3.3 Company Profile:

    The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

    • 3.4 Developing Base Number:

    Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

    1. Data Triangulation and Final Review:

    The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

    We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

    We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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