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Autonomous Navigation Market Worth USD 6.15 Billion by 2025 by Top Key Players ABB, Honeywell International, Rolls-Royce, Kongsberg Gruppen, Rh Marine, Trimble, Safran, Thales, General Dynamics

05-13-2019 08:23 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Reports Store

Autonomous Navigation Market Worth USD 6.15 Billion by 2025 by Top Key Players ABB, Honeywell International, Rolls-Royce, Kongsberg Gruppen, Rh Marine, Trimble, Safran, Thales, General Dynamics

Global Autonomous Navigation Industry was valued at USD $2.52 Billion in the year 2019. Global Autonomous Navigation Industry Industry is further estimated to grow at a CAGR of 16.2% from 2019 to reach USD $6.15 Billion by the year 2025. The Asia Pacific Autonomous Navigation Industry is excepted to develop at the most elevated CAGR during forecasted period 2019-2025.

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Major market players in Autonomous Navigation Industry are ABB, Honeywell International, Rolls-Royce, Kongsberg Gruppen, Rh Marine, Trimble, Furuno, Safran, Thales, General Dynamics, L3 Technologies, Northrop Grumman, Raytheon, Rockwell Collins, Moog, and brief information of 5 more companies provided in the report.

Autonomous navigation means that a vehicle is able to plan its path and execute its plan without human intervention. In some cases remote navigation aids are used in the planning process, while at other times the only information available to compute a path is based on input from sensors aboard the vehicle itself. An autonomous robot is one which not only can maintain its own stability as it moves but also can plan its movements. Autonomous robots use navigation aids when possible but can also rely on visual, auditory, and olfactory cues. Once basic position information is gathered in the form of triangulated signals or environmental perception, machine intelligence must be applied to translate some basic motivation (reason for leaving the present position) into a route and motion plan.

The Chinese Autonomous Navigation Industry is the biggest in the Asia Pacific area and is seeing critical development in deals and the interest for high innovation vehicles. China is one of the key markets for high innovation vehicles, given the rising discretionary cashflow in the nation. About all major car OEMs have put resources into the Chinese market, which is slanted toward little and reasonable traveler vehicles.

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Autonomous Navigation Industry Overview, By Platform

Land
Space
Marine
Weapon

Autonomous Navigation Industry, By Solution
Sensing System
Software
Processing Unit

Autonomous Navigation Industry, By Application
Commercial
Military & Government

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Autonomous Navigation Industry Overview, By Region

North America
• USA
• Canada

Europe
• Germany
• U.K.
• France
• Italy
• Rest of Europe

APAC
• China
• India
• Japan
• Rest of Asia-Pacific

RoW
• Latin America
• Middle East & Africa

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