Press release
Autonomous Navigation Market Analysis, Growth Opportunities, Future Demand And Leading Players Updates By Forecast 2022-2029
Autonomous Navigation Market
The global autonomous navigation market is experiencing a significant growth due increased demand for autonomous cars, robots, and drones in recent years. Autonomous navigation system provides a manned or unmanned system capability to choose its own path and navigate through its surrounding with minimum or no human intervention. Autonomous navigation system relies uses sensors such as inertial navigation system, satellite navigation system, radars, cameras, and ultrasonic & acoustics navigation among others. In addition, it autonomously defines a trajectory through the system or robot's environment with due consideration of dynamics of movement limitations of the system to deal with any possible unexpected obstacles while maintaining its stability as well.
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Companies covered: General Dynamics Corporation, Honeywell International Inc., Autonomous Solutions Inc., Collins Aerospace, Northrop Grumman, Rockwell Collins, Moog Inc., ABB, Raytheon Technologies Corporation, and Thales Group.
COVID-19 scenario analysis:
Government imposed lockdown to slow the spread of COVID-19 has impacted the research & development of autonomous navigation system.
Autonomous navigation system manufacturers rely heavily on various suppliers of components and raw materials to test & develop autonomous navigation system. However, government-imposed restrictions on transport services to control the COVID-19 outbreak have disrupted the supply chain.
Drone & robot manufactures are forced to shut down their manufacturing process due to lack of workforce, as authorities have grounded the flights in the wake of COVID-19 pandemic.
The navigation system developers are forced to delay on-going projects to install autonomous navigation in aircrafts, vehicles, and robots due to short operational issues caused by the COVID-19.
Aircraft and robot manufacturers are unable to run trails of autonomous navigation system due to obligatory travel restrictions enforced by authorities to slow the COVID-19 outbreak.
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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.
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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.
Key benefits of the report:
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.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global autonomous navigation market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global autonomous navigation market growth scenario.
Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.
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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Questions answered in the autonomous navigation market research report:
Which are the leading market players active in the autonomous navigation market?
What are the current trends that will influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the market?
What are the projections for the future that would help in taking further strategic steps?
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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