Global Autonomous Navigation Market Report and Forecast 2024-2032

Global Autonomous Navigation Market Outlook

The global autonomous navigation market size reached a value of about USD 3.91 billion in 2023. The market is further estimated to grow at a CAGR of 16.1% in the forecast period of 2024-2032.

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Rising Adoption by Military and Government to Propel the Market Growth of Autonomous Navigation

Based on application, the increasing demand for autonomous navigation solutions in military and government applications owing to the development of smarter and smaller unmanned ground and aerial vehicles is driving the autonomous navigation market growth. The growing importance of unmanned aerial and ground vehicles on battlefields for enhanced human safety and multiple militant task support, such as firefighting, public safety, and delivery of supplies and medications to civilians in remote areas, is also increasing the utilisation of autonomous navigation solutions.

The autonomous navigation system enables unmanned aerial/ground vehicles to autonomously evade threats, and the system allows the vehicles to set the flight path and reach their destination safely. The small size of the unmanned aerial/ground vehicles enables them to operate in geographical locations that are inaccessible to humans, and the autonomous navigation system plays a critical role in mapping their path without human assistance. 

Moreover, the increasing research activities towards developing advanced autonomous navigation systems that can complete missions in real-world environments by navigating efficiently and avoiding obstacles in their surroundings are likely to aid the autonomous navigation market development over the forecast period. 

Market Segmentation

Autonomous navigation refers to a technology that enables a vehicle or a robot to plan its path without human assistance. The system is based on a deep neural network and requires cameras, sensors, radars, and software to enable the object to map its surroundings and travel independently without collisions.

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The market for autonomous navigation, by platform, is divided into:

• Airborne

• Land

• Space

• Marine

• Weapons

Based on solution, the market is segmented into:

• Sensing System

• Software

• Processing Unit

On the basis of application, the market is classified into:

• Commercial

• Military and Government

The regional markets for autonomous navigation can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Rapid Development of Autonomous Vehicles to Drive the Market Growth of Autonomous Navigation

The growing demand for autonomous vehicles owing to their multiple advantages, such as better safety, reduced emissions, and less travel time, is surging the utilisation of autonomous navigation solutions. Autonomous navigation is a critical technology and is widely applied in robotics applications, which are increasingly used in various sectors, like manufacturing, machining, transportation, agriculture, medical treatment, and food, among others for increased output and reduced cost. 

The emergence of the e-commerce sector and the growing application of mobile robots in warehouses for different functions, such as receiving, picking, packing, shipping, and stocking, are accelerating the autonomous navigation market growth. The surging government investments in promoting autonomous navigation system technologies and developing advanced autonomous navigation solutions are providing further impetus to market development. 

In addition, technological advancements and innovations in robotics technologies, and favourable initiatives taken by market players to develop efficient autonomous navigation technologies are expected to augment the market over the forecast period.

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Key Players in the Global Market for Autonomous Navigation

The report gives a detailed analysis of the following key players in the global autonomous navigation market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• L3Harris Technologies, Inc.

• Collins Aerospace (Raytheon Technologies Corp.)

• Raytheon Anschütz GmbH

• Safran

• Honeywell International Inc.

• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report