Autonomous Systems Market Outlook and Forecasts 2022 – 2030

Autonomous Systems Market Outlook and Forecasts 2022 – 2030

Systems capable of modifying their behavior in response to unexpected events during operation are referred to as “autonomous.” The capability of autonomous systems and their domains of application have expanded significantly in recent years, with high-profile successes in both civilian and military applications.

Key elements of autonomous systems include agents and objects coordinated in a common environment so that their collective behavior meets a set of global goals. The agent model consists of five interacting modules implementing each one a characteristic function: perception, reflection, goal management, planning and self-adaptation.

Mind Commerce conducted a study to identify the scope for autonomous systems in various machine and equipment segments, infrastructure, components, deployment models across different geographies. This report also provides the financial and strategic approach of companies that lead this segment. It includes analysis of key strategic initiatives undertaken by market leading companies.

The report provides regional markets and scope for autonomous systems in various parts of the globe and also provides quantitative data and market forecasts with compound annual growth rates through 2030. The autonomous system market as a whole will represent a more than $56 billion market opportunity for ecosystem players by 2030.

Select Report Findings:

Mind Commerce estimates that by the year 2030 markets will at a CAGR of 19.1% to accelerate markets to $56.0 billion.

Air and Sea Ports is the largest segment with 78% of the total market

The flight management computers segment is the largest component with 32% of the total market in 2021. Software is expected to be the highest growth area with a CAGR of 22.8%

North America is the largest region with 37.2% of the total market

The USA is the largest country in North America, while Germany, France, and UK are major autonomous system countries in Europe.

Asia Pacific is expected to be the highest growth region with a CAGR of 20.7%. China, Japan, and South Korea are the major countries for autonomous systems within the Asia Pacific region.

Autonomous systems permeate everyday lives, from self-driving cars to robotic vacuum cleaners. Due to recent development of networked systems, IP-connected devices, robotics and artificial intelligence, new applications for this technology are emerging in every industry and walk of life. Autonomous systems will continue to have a profound and disruptive effect on society, substantially influencing business operations of virtually every industry.

Select Companies in Report:

Airbus

BAE SYSTEMS PLC

Boeing

Elbit Systems

Fortum Technologies

Lockheed Martin

Northrop Grumman

PrecisionHawk

Rockwell Collins