Autonomous Navigation Market by Solution (Hardware, and Software), Platform (Airborne (Autonomous Aircraft, Autonomous Drones), Land, Marine, Space, Weapons), Application (Commercial, Military & Government), Region – Global Forecast to 2028

Autonomous Navigation Market by Solution (Hardware, and Software), Platform (Airborne (Autonomous Aircraft, Autonomous Drones), Land, Marine, Space, Weapons), Application (Commercial, Military & Government), Region – Global Forecast to 2028

Autonomous navigation is estimated to be USD 6.0 billion in 2023 and is projected to reach USD 12.9 billion by 2028, at a CAGR of 16.4% during the forecast period. The market for autonomous navigation is driven by various factors, such as the rising adoption of autonomous robots for logistic operations and the widespread adoption of autonomous robots for commercial and military applications. However, Unproven performance in unfamiliar environments and inadequate high-level interfacing, and lack of required infrastructure for autonomous systems in developing countries are limiting the overall growth of the market.

“Airborne: The second largest share in platform segment in the autonomous navigation market in 2023.”

The airborne segment is projected to have the second-largest share in 2023. Airborne autonomous navigation has rapidly progressed, fueled by advancements in sensor technology, artificial intelligence, and connectivity. Unmanned aerial vehicles (UAVs) now possess the ability to navigate independently, transforming various sectors. Aerial surveillance, package delivery, and search and rescue operations benefit from the enhanced efficiency, safety, and scalability offered by autonomous UAVs. Continual advancements in this field hold immense potential for revolutionizing industries and reshaping our understanding and utilization of airspace.

“Commercial: The second largest share in application segment in the autonomous navigation market in 2023.”

The commercial segment is projected to have the second-largest share in 2023. The commercial segment includes all the autonomous robots used in sectors such as aviation, automotive, logistics, and marine. The commercial segment is expected to increase tremendously in the future owing to the continuous research and development in robotics, computer vision, artificial intelligence, and edge computing capabilities. The demand for robotics in agriculture is also expected to grow in the future due to the potential for increasing output while reducing cost.

“The Asia Pacific region is estimated to have the second largest share in the autonomous navigation market in 2023.”

Asia Pacific is estimated to account for the second-largest share in autonomous navigation in 2023. The Asia Pacific region has experienced remarkable progress in autonomous navigation, fueled by technological advancements, substantial investments, and extensive research efforts. This growth has facilitated the widespread integration of autonomous vehicles, drones, and robotic systems in diverse sectors such as transportation, logistics, agriculture, and manufacturing. By spearheading innovation, the Asia Pacific region remains a driving force behind the continuous expansion and enhancement of autonomous navigation capabilities.

The break-up of the profiles of primary participants in the autonomous navigation market is as follows:

By Company Type: Tier 1 - 35%; Tier 2 - 45%; and Tier 3 - 20%

By Designation: C Level Executives - 35%; Directors - 25%; and Others - 40%

By Region: North America - 45%; Europe - 25%; Asia Pacific - 17%; Middle East – 8%; Rest of the World– 5%

Major Players in the autonomous navigation market are Thales Group (France), Moog Inc. (US), Furuno Electric Co., Ltd. (Japan), RH Marine (Netherlands), and ABB (Switzerland).

Research Coverage

The market study covers the Autonomous navigation market across various segments and subsegments. It aims at estimating the size and growth potential of this market across different segments based on solution, platform, application, and region. This study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their product and business offerings, recent developments undertaken by them, and key market strategies adopted by them.

Key benefits of buying this report: This report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall autonomous navigation market and its subsegments. The report covers the entire ecosystem of the autonomous navigation industry and will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

Analysis of key drivers (Incorporation of advanced sense and avoid systems in unmanned vehicles; Widespread adoption of autonomous robots for commercial and military applications; Improved safety and efficiency with autonomous navigation technology; Rising adoption of autonomous robots for logistic operations), restraints (Unproven performance in unfamiliar environments and inadequate high-level interfacing; Lack of required infrastructure for autonomous systems in developing countries), opportunities (Increasing adoption of 5G and AI; Growing efforts aimed at advancing autonomous systems; Assistance and services offered by autonomous robots), and challenges (Vulnerability of autonomous systems to cyber threats due to automation; Unclear regulatory framework for autonomous systems use) influencing the growth of the autonomous navigation market

Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the autonomous navigation market

Market Development: Comprehensive information about lucrative markets – the report analyses the autonomous navigation market across varied regions

Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the autonomous navigation market

Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Honeywell International Inc. (US), Thales Group (France), L3 Harris Technologies, Inc. (US), Kongsberg Gruppen ASA (Norway) and Safran SA (France) among others in the autonomous navigation market