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Autonomous Navigation Market Revenue, Business Growth, Demand And Applications by 2027
Autonomous Navigation
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Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
Surge in usage of unmanned vehicles, rise in demand for sense & avoid system in autonomous system, and increase in adoption of autonomous robot in commercial & military applications are the factors that drive the global autonomous navigation market. However, policies against transfer of technology, lack of framework for autonomous navigation, and potential of cyber-attacks hinder the market growth. Contrarily, use of autonomous navigation in intelligence gathering, surveillance, reconnaissance, and developments in AI present new pathways in the industry.
The global autonomous navigation market trends are as follows:
Rise in demand for sense & avoid system in autonomous system
Procurement & deployment of UAVs is becoming more prevalent for business & defense purposes. UAVs use transponders to get situational awareness and collision avoidance capability. Recently, in 2019, UAV Navigation (autopilot & flight control system developer company) and Sagetech Avionics Inc. (avionic system manufacturer) collaborated to integrate ADS-B (Automatic Dependent Surveillance - Broadcast) in/out transponder with UAV’s autopilot to provide surrounding aircrafts position, situational awareness, and develop search and avoidance capability. ABS-D in/out transponder is a device that broadcasts aircraft parameters such as position, altitude, and aircraft’s identification to the control tower or receiver aircrafts. Moreover, it is a tracking device that works both as a transmitter and receiver, which is considered to be a potential key component in future unmanned traffic management systems. Such initiatives in research & development in search & avoid system to deliver cutting-edge solutions for collision avoidance and air space management is expected to drive the global autonomous navigation market.
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Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
Surge in usage of unmanned vehicles, rise in demand for sense & avoid system in autonomous system, and increase in adoption of autonomous robot in commercial & military applications are the factors that drive the global autonomous navigation market. However, policies against transfer of technology, lack of framework for autonomous navigation, and potential of cyber-attacks hinder the market growth. Contrarily, use of autonomous navigation in intelligence gathering, surveillance, reconnaissance, and developments in AI present new pathways in the industry.
The global autonomous navigation market trends are as follows:
Rise in demand for sense & avoid system in autonomous system
Procurement & deployment of UAVs is becoming more prevalent for business & defense purposes. UAVs use transponders to get situational awareness and collision avoidance capability. Recently, in 2019, UAV Navigation (autopilot & flight control system developer company) and Sagetech Avionics Inc. (avionic system manufacturer) collaborated to integrate ADS-B (Automatic Dependent Surveillance - Broadcast) in/out transponder with UAV’s autopilot to provide surrounding aircrafts position, situational awareness, and develop search and avoidance capability. ABS-D in/out transponder is a device that broadcasts aircraft parameters such as position, altitude, and aircraft’s identification to the control tower or receiver aircrafts. Moreover, it is a tracking device that works both as a transmitter and receiver, which is considered to be a potential key component in future unmanned traffic management systems. Such initiatives in research & development in search & avoid system to deliver cutting-edge solutions for collision avoidance and air space management is expected to drive the global autonomous navigation market.
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Key benefits of the report:
1 This study presents the analytical depiction of the global autonomous navigation industry along with the current trends and future estimations to determine the imminent investment pockets.
2 The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global autonomous navigation market share.
3 The current market is quantitatively analyzed from 2020 to 2027 to highlight the global autonomous navigation market growth scenario.
4v Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
5 The report provides a detailed global autonomous navigation market analysis based on competitive intensity and how the competition will take shape in coming years.
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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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