South America Autonomous Navigation Market Growth and Analysis by 2027
South America Autonomous Navigation Market Forecast to 2027 - COVID-19 Impact and Regional 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)
- Status : Published
- Report Code : TIPRE00018174
- Category : Electronics and Semiconductor
- No. of Pages : 106
- Available Report Formats :
- Last update date : February 05, 2021
2019 Market Size
US$ 41.3 Mn
Base year value
2027 Forecast
US$ 69.4 Mn
Projected by 2027
CAGR 2020-2027
8.6 %
Growth rate
Addressable Market
US$ 487.53 Mn
(2020-2027)
The autonomous navigation market in SAM is expected to grow from US$ 41.3 million in 2019 to US$ 69.4 million by 2027; it is estimated to grow at a CAGR of 8.6% from 2020 to 2027.
Saudi Arabia, South Africa, and UAE are major economies in SAM. Various AI technologies coming together for growing navigation effectiveness is driving the SAM autonomous navigation market in a positive way. The advent of big data would prove to be a game-changer for transportation, logistics, military, and other end-users of autonomous navigation in the new age of fueling technologies. It is expected that the scope of autonomous systems such as self-driving cars and drones would have a positive effect on the everyday lives of individuals. For evolving applications of autonomous systems such as cars and drones, assured navigation is anticipated to be a key enabler. In the absence of satellite navigation such as GNSS and GPS, various initiatives have been taken to establish an assured AI-based navigation solution for UAVs that allows reliable activity on safety-critical missions. In addition, autonomous navigation systems provide resilience during pandemics and disasters, such as by making autonomous deliveries without risking any courier or delivery recipients in the situation of viral threats (such as COVID-19). AI-based autonomous navigation can help control safety-critical operations as part of the growing need for high-precision hybrid navigation technologies. Developers are focusing on the development of a cost-effective and stable navigation solution for autonomous systems, suitable for safety-critical missions where performance-degraded satellite-based navigation systems are used.
SAM is severely affected by the COVID-19 pandemic. In SAM, Brazil reported the highest number of COVID-19 confirmed cases, followed by Ecuador, Peru, Chile, Argentina, and others. Governments in SAM are taking several initiatives, such as lockdowns, trade bans, and travel restrictions, to protect people and control the spread of COVID-19 in the region. These measures are expected to have a direct impact on the region’s economic growth due to lower export revenues from the drop in commodity prices and reduction in export volumes, especially to major trading partners. The sharp decline in the sales of the logistics industry and halt in vehicle production in the region due to lockdown measures is expected to directly impact the growth of the SAM autonomous navigation market.
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 SAM autonomous navigation market. The SAM autonomous navigation market is expected to grow at a good CAGR during the forecast period.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
SAM Autonomous Navigation Market Segmentation
SAM Autonomous Navigation Market – By Solution
- Sensing System
- Navigation System
- Processing Unit
- Software
SAM Autonomous Navigation Market – By Application
- Commercial
- Defense
SAM Autonomous Navigation Market – By Vehicle Type
- AGVs
- Mobile Robots
- UUVs
- Drones
- Others
SAM Autonomous Navigation Market – By Platform
- Land
- Marine
- Space
SAM Autonomous Navigation Market, by Country
- Brazil
- Rest of SAM
SAM Autonomous Navigation Market - Companies Mentioned
- Collins Aerospace, a Raytheon Technologies Corporation Company
- FURUNO ELECTRIC CO., LTD
- Kollmorgen
- KONGSBERG
- Trimble Inc.
South America Autonomous Navigation Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 41.3 Million |
| Market Size by 2027 | US$ 69.4 Million |
| CAGR (2020 - 2027) | 8.6% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Solution
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
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