Global Autonomous Navigation System Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Autonomous Navigation System Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Autonomous Navigation System can run independent of a human operator. It depends on a set of sensors to observe and cognize the environment around it. An Autonomous Navigation System is operated using a drive-by-wire technology. The Autonomous Navigation System can be used for surveillance and real-time situational awareness in areas where it might be inconvenient, hostile or impossible to have a human presence. The Autonomous Navigation System commands are generated by the vision & navigation algorithms in lieu of a human operator.

Market Overview:

The latest research study on the global Autonomous Navigation System market finds that the global Autonomous Navigation System market reached a value of USD 4246.57 million in 2022. It’s expected that the market will achieve USD 10039.85 million by 2028, exhibiting a CAGR of 15.42% during the forecast period.

Influence of COVID-19 Outbreak on Autonomous Navigation System Industry Development

According to the latest report from the World Health Organization (WHO), the United States, India, and Brazil are among the most affected countries due to the COVID-19 outbreak. The outbreak was first reported in Wuhan, China in December 2019. This crisis is having an adverse effect on the global industry. The global economy is suffering the most severe blow.

Due to the increasing number of patients infected with COVID-19, governments are restricting the transportation of people and goods. Manufacturing activities are temporarily shutting down. In the first quarter of 2020, the purchase of new systems using proprietary technology declined. In addition, restrictions on supply chain activities are hindering the development cycle and testing of autonomous navigation systems.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

Safran is one of the major players operating in the Autonomous Navigation System market, holding a share of 16.88% in 2021.

Safran supplies aerospace and defense systems and equipment. The Company sells engines for airplanes and helicopter, launch vehicles, landing and braking systems, nacelles, onboard electrical systems, optronics, avionics, launcher propulsion, biometric equipment, explosives detection, and trace analysis systems.

Northrop Grumman Corporation is a global security company. The Company provides systems, products, and solutions in aerospace, electronics, information systems, and technical services. Northrop Grumman serves government and commercial customers worldwide.

Segmentation Overview:

Among different product types, Marine Platform segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Military & Government segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Autonomous Navigation System market covered in Chapter 3:

Kongsberg Gruppen
Honeywell International
Northrop Grumman
General Dynamics
Raytheon
Safran
Thales
L3 Technologies

In Chapter 4 and Chapter 14.2, on the basis of types, the Autonomous Navigation System market from 2018 to 2029 is primarily split into:

Airborne Platform
Land Platform
Space Platform
Marine Platform
Weapon Platform

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Autonomous Navigation System market from 2018 to 2029 covers:

Commercial
Military & Government

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)