Global Autonomous Navigation Market to Reach $21.8 Billion by 2030
The global market for Autonomous Navigation estimated at US$13.8 Billion in the year 2023, is expected to reach US$21.8 Billion by 2030, growing at a CAGR of 6.7% over the analysis period 2023-2030. Autonomous Navigation Sensing System, one of the segments analyzed in the report, is expected to record a 6.5% CAGR and reach US$10.4 Billion by the end of the analysis period. Growth in the Autonomous Navigation Software segment is estimated at 7.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4.2 Billion, While China is Forecast to Grow at 5.7% CAGR
The Autonomous Navigation market in the U.S. is estimated at US$4.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.6 Billion by the year 2030 trailing a CAGR of 5.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.6% and 4.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.
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