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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Drone Navigation System Market Outlook
The global drone navigation system market size is expected to grow at a CAGR of 28% during the forecast period 2024-2032.
The leading driving factor for the growth of the drone navigation system market is the developments taking place in the electronic warfare technologies. Due to their visual dominance and ability to perform pre-emptive attacks and surveillance at specific locations, drones are used extensively in modern warfare scenarios. The new UAVs have mechanisms of protection and act as a fighter aircraft.
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Market Segmentation
The drone navigation system market can be divided based on end-use into:
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- Military Drones
- Consumer and Civil Drones
The EMR report looks into the regional markets of drone navigation system like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
Incorporating improved sensors into drones is aiding the growth of the industry. The increasing drone use in the defence industry is expected to drive the industry growth. The incorporation of artificial intelligence (AI) into drones is one of the dominant phenomena that has accelerated the growth of the global market for drone navigation systems. Improved AI technologies are going to fuel the market growth over the next decade. AI-powered drones can collect data in real-time. Future AI-enabled drones will have fully automated navigation systems to enhance these machines' safety aspects. Such benefits would increase the demand for AI-enabled drones, contributing to the growth of the global drone navigation system market in the forecast period.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global drone navigation system market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- SZ DJI Technology Co., Ltd.
- AeroVironment, Inc.
- SBG Systems
- UAV Navigation
- Leica Geosystems AG
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global drone navigation system market is projected to grow at a CAGR of nearly 28% in the forecast period of 2024-2032.
The major drivers of the industry include rising disposable incomes, increasing population, rising drone use in the defence industry, development of electronic warfare technologies, and enhanced AI technologies.
The incorporation of improved sensors into drones is expected to be a key trend guiding the growth of the industry.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
The leading end use sectors in the industry are military drones and consumer and civil drones.
The leading players in the market are SZ DJI Technology Co., Ltd., AeroVironment, Inc., SBG Systems, UAV Navigation, and Leica Geosystems AG, among others.
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