South America Autonomous Navigation Market Growth and Analysis by 2027

Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027

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)

Report Date : Jan 2021
Report Code : TIPRE00018174

Category : Electronics and Semiconductor
Status : Published

Available Report Formats :
No. of Pages : 106

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

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
Global CAGR (2020 - 2027)	8.6%
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 By Platform Land Marine Space
Regions and Countries Covered	South and Central America Brazil Argentina Rest of South and Central America
Market leaders and key company profiles	Collins Aerospace, a Raytheon Technologies Corporation Company FURUNO ELECTRIC CO., LTD Kollmorgen KONGSBERG Trimble Inc.

Research Manager

Naveen Chittaragi

Associate Vice President,
Market Research & Consulting

Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

What are the South America Autonomous Navigation Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

South America Autonomous Navigation Market Report Snapshots

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