Middle East and Africa Autonomous Navigation Market is expected to reach US$ 34.1 Mn by 2027

Land Segment to Dominate MEA Autonomous Navigation Market during 2019–2027

According to The Insight Partners market research study on “MEA Autonomous Navigation Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Solution, Application, Vehicle Type, and Platform” is expected to reach US$ 34.1 million by 2027 from US$ 17.7 million in 2019. The market is estimated to grow at a CAGR of 10.6% from 2020 to 2027. The report provides trends prevailing in the MEA autonomous navigation market along with the drivers and restraints pertaining to the market growth. Vessel navigation and unmanned ship getting deployed with autonomous navigation technology is the major factor driving the growth of the MEA autonomous navigation market. However, issues associated with tedious technological integration and installation hinders the growth of MEA autonomous navigation market.

The MEA autonomous navigation market is segmented into solution, application, type, platform, and country. Based on solution, the market is further segmented into sensing system, navigation system, processing unit, and software. Sensing system led the market in 2019. Based on application, the market is sub segmented into commercial and defense. Commercial segment held the largest market share in 2019. Based on type, the market is sub segmented into AGVs, mobile robots, UUVs, drones, and others. AGVs held a substantial market share in 2019. Based on platform, the market is sub segmented into land, marine, and space. Land segment held largest market share in 2019.

The ongoing COVID-19 pandemic is impacting the MEA severely. Iran, Saudi Arabia, Qatar, South Africa, and the UAE are among the countries with high number of COVID-19 confirmed cases and reported deaths. The economic and industrial growth of these countries has been affected negatively in the last few months. Due to lesser maritime trade and limited business in shipping industry in the first quarter of 2020, the trend of unmanned ships and vessel navigation has been disturbed. This factor has affected the scope of autonomous navigation systems.      

Collins Aerospace, a Raytheon Technologies Corporation Company; FURUNO ELECTRIC CO., LTD.; Kollmorgen; KONGSBERG; Trimble Inc.; are among the leading companies in the MEA autonomous navigation market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Furuno Electric Co., Ltd. announced the acquisition of EMRI A/S. The addition of EMRI A/S is further strengthens the position of Furuno in the marine market.

The report segments the MEA Autonomous Navigation Market follows:

MEA Autonomous navigation Market – By Solution

• Sensing System
• Navigation System
• Processing Unit
• Software

MEA Autonomous Navigation Market – By Application

• Commercial
• Defense

MEA Autonomous Navigation Market – By Vehicle Type

• AGVs
• Mobile Robots
• UUVs
• Drones
• Others

MEA Autonomous Navigation Market – By Platform

• Land
• Marine
• Space

MEA Autonomous Navigation Market – By Country

• South Africa
• Saudi Arabia
• UAE
• Rest of MEA