Autonomous Navigation Market by Size, Growth, Trends, Solution, Platform, Application and Region - Global Forecast to 2030. - PowerPoint PPT Presentation

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Autonomous Navigation Market by Size, Growth, Trends, Solution, Platform, Application and Region - Global Forecast to 2030.

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. The autonomous navigation market is estimated at USD 2.2 billion in 2018 and is projected to reach USD 13.5 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 16.19% from 2018 to 2030. – PowerPoint PPT presentation

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Title: Autonomous Navigation Market by Size, Growth, Trends, Solution, Platform, Application and Region - Global Forecast to 2030.


1
Autonomous Navigation Market by Size, Growth,
Trends, Solution, Platform, Application and
Region - Global Forecast to 2030 The Autonomous
Navigation Market Report provides an analysis of
the market from 2019 to 2022.It discusses
industry and technology trends currently
prevailing in the market, along with drivers,
challenges, and opportunities. The autonomous
navigation market is estimated at USD 2.2 billion
in 2018 and is projected to reach USD 13.5
billion by 2030, at a Compound Annual Growth
Rate (CAGR) of 16.19 from 2018 to
2030. Factors such as the development of sense
avoid
systems systems,
in autonomous high adoption of
autonomous commercial
systems for and military
purposes, and demand for autonomous robots in
logistics are expected to fuel the growth of the
autonomous navigation market. Browse 94 market
data Tables and 53 Figures spread through 158
Pages and in-depth TOC on "Autonomous Navigation
Market - Global Forecast to 2030 https//www.mar
ketsandmarkets.com/Market-Reports/autonomous-
navigation-market-206053964.html The software
segment to grow at a higher CAGR in the
autonomous navigation market during the forecast
period Based on solution, the software segment is
estimated to lead the autonomous navigation
market during the forecast period. With
advancements in technology, artificial
intelligence has made most processes easy.
Technologies like machine learning (ML) and
computer vision are used to train computers to
perform specific tasks by processing large
volumes of data. AI is gaining momentum because
of its ability to add intelligence to existing
vehicles. Increasing demand for self-driving
2
cars and autonomous drones is expected to drive
the software segment in this market. Increasing
investment in autonomous aircraft is expected to
drive the market for airborne autonomous
navigation market during the forecast
period Based on platform, the airborne platform
segment of the autonomous navigation market is
estimated to have the highest CAGR during the
forecast period. The advancements within the
military government sector have led to more
contracts and partnerships with the
manufacturers of airborne systems. This will help
this sector procure and utilize autonomous
aircraft, autonomous weapons, and autonomous
drones for special missions. Asia Pacific region
shows the highest potential for implementation of
autonomous aircraft The autonomous navigation
market in the Asia Pacific region is expected to
witness high growth during the forecast period.
Increasing awareness about robotics is expected
to drive the demand for autonomous systems in the
Asia Pacific region. Price is a major factor
restraining the adoption of autonomous systems.
However, with the increase in demand and
reduction in prices of major components such as
sensors and processors, the market for autonomous
navigation has a promising future in this
region. The major players in the autonomous
navigation market include Raytheon (US), Thales
(France), Northrop Grumman (US), Safran (France),
and Honeywell International (US), among others.
Raytheon is one of the key market players
engaged in securing contracts to increase the
sale of autonomous navigation by individual
platform available. Dont miss out on business
opportunities in Autonomous Navigation Market.
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