openPR Logo
Press release

Market Size Of Autonomous Navigation Industry is slated to increase at a CAGR of 17.1% to reach a valuation of $15.91 billion by 2031

03-15-2024 05:58 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Autonomous Navigation Market

Autonomous Navigation Market

๐“๐ก๐ž ๐ ๐ฅ๐จ๐›๐š๐ฅ ๐€๐ฎ๐ญ๐จ๐ง๐จ๐ฆ๐จ๐ฎ๐ฌ ๐๐š๐ฏ๐ข๐ ๐š๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ ๐š๐ซ๐ง๐ž๐ซ๐ž๐ $๐Ÿ‘.๐Ÿ๐Ÿ• ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ, ๐š๐ง๐ ๐ข๐ฌ ๐ž๐ฌ๐ญ๐ข๐ฆ๐š๐ญ๐ž๐ ๐ญ๐จ ๐ ๐ž๐ง๐ž๐ซ๐š๐ญ๐ž $๐Ÿ๐Ÿ“.๐Ÿ—๐Ÿ ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ, ๐ฆ๐š๐ง๐ข๐Ÿ๐ž๐ฌ๐ญ๐ข๐ง๐  ๐š ๐‚๐€๐†๐‘ ๐จ๐Ÿ ๐Ÿ๐Ÿ•.๐Ÿ% ๐Ÿ๐ซ๐จ๐ฆ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ ๐ญ๐จ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ.
Increase in demand for sense & avoid systems in autonomous system, rise in adoption of autonomous robot in commercial & military applications, and surge in demand for real-time data in military applications drive the growth of the global autonomous navigation market.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/request-sample/A07098

The autonomous navigation system is an on board, integrated suite of sensors and technology that enabled autonomous navigation, perception, path-planning and vehicle-following capabilities for unmanned group vehicles, allowing them to move on the battlefield with minimal human oversight. It is installed in vehicles, such as drones, robots, cars, boats, and others. The navigation system technology is performed by using advanced technologies such as inertial navigation system, satellite navigation system, radars, cameras, and ultrasonic & acoustics navigation along with autonomous navigation algorithms for accurate & safe navigation of vehicles. At present, development of sense and avoid systems in autonomous robots, the widespread deployment of autonomous robots for commercial and military purposes, and the demand for autonomous robots in logistics are all likely to drive the autonomous navigation industry forward.

๐๐ซ๐จ๐ฆ๐ข๐ง๐ž๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ

The leading players operating in the autonomous navigation market are ๐€๐๐, ๐„๐๐–๐€๐˜, ๐…๐ข๐ฑ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐€๐†, ๐…๐ฎ๐ซ๐ฎ๐ง๐จ, ๐†๐ž๐ง๐ž๐ซ๐š๐ฅ ๐ƒ๐ฒ๐ง๐š๐ฆ๐ข๐œ๐ฌ, ๐‡๐จ๐ง๐ž๐ฒ๐ฐ๐ž๐ฅ๐ฅ ๐ˆ๐ง๐ญ๐ž๐ซ๐ง๐š๐ญ๐ข๐จ๐ง๐š๐ฅ, ๐Š๐จ๐ง๐ ๐ฌ๐›๐ž๐ซ๐  ๐†๐ซ๐ฎ๐ฉ๐ฉ๐ž๐ง, ๐‹๐Ÿ‘ ๐‡๐š๐ซ๐ซ๐ข๐ฌ ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐ž๐ฌ, ๐Œ๐จ๐จ๐  ๐ˆ๐ง๐œ., ๐๐€๐•๐„๐๐“๐ˆ๐Š ๐†๐ฆ๐›๐‡, ๐๐จ๐ซ๐ญ๐ก๐ซ๐จ๐ฉ ๐†๐ซ๐ฎ๐ฆ๐ฆ๐š๐ง, ๐‘๐š๐ฒ๐ญ๐ก๐ž๐จ๐ง ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐ž๐ฌ, ๐‘๐ก ๐Œ๐š๐ซ๐ข๐ง๐ž, ๐‘๐จ๐ฅ๐ฅ๐ฒ ๐‘๐จ๐ฒ๐œ๐ž, ๐’๐š๐Ÿ๐ซ๐š๐ง, ๐“๐ก๐š๐ฅ๐ž๐ฌ ๐†๐ซ๐จ๐ฎ๐ฉ, ๐š๐ง๐ ๐“๐ซ๐ข๐ฆ๐›๐ฅ๐ž. ๐Š๐ž๐ฒ ๐ข๐ง๐ง๐จ๐ฏ๐š๐ญ๐จ๐ซ๐ฌ ๐จ๐ฉ๐ž๐ซ๐š๐ญ๐ข๐ง๐  ๐ข๐ง ๐ญ๐ก๐ž ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐š๐ซ๐ž ๐๐ฅ๐ข๐œ๐ค๐Ÿ๐ž๐ฅ๐, ๐Œ๐จ๐๐š๐ฅ๐€๐ˆ, ๐’๐ญ๐š๐ซ๐Ÿ๐ข๐ฌ๐ก ๐’๐ฉ๐š๐œ๐ž, ๐“๐ซ๐ฎ๐ฌ๐ญ๐ฉ๐จ๐ข๐ง๐ญ, ๐š๐ง๐ ๐—๐จ๐ง๐š ๐’๐ฉ๐š๐œ๐ž ๐’๐ฒ๐ฌ๐ญ๐ž๐ฆ๐ฌ.

The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.

๐๐ซ๐จ๐œ๐ฎ๐ซ๐ž ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/autonomous-navigation-market/purchase-options

The factors such as increase in demand for sense & avoid system in autonomous system, rise in adoption of autonomous robot in commercial & military applications, and increase in demand for real-time data in military applications supplement the growth of the autonomous navigation market. However, lack of standard infrastructure for operation of autonomous systems in developing countries and privacy & security concerns related to data are the factors expected to hamper the growth of the market. In addition, increase in demand for improved surveillance and proactive government initiatives & support are expected to create ample opportunities for the key players operating in the autonomous navigation market.

The research provides a detailed segmentation of the global autonomous navigation market based on application, system, platform, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:

Based on region, Asia-Pacific held the largest share in 2021, contributing to nearly two-fifths of the total market share. In addition, the North America region is expected to manifest the fastest CAGR of 19.9% during the forecast period.

๐ˆ๐ง๐ญ๐ž๐ซ๐ž๐ฌ๐ญ๐ž๐ ๐ญ๐จ ๐๐ซ๐จ๐œ๐ฎ๐ซ๐ž ๐ญ๐ก๐ž ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ? ๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/A07098

Based on system, the sensing segment accounted for the highest share in 2021, contributing to nearly half of the global autonomous navigation market, and is expected to maintain its lead in terms of revenue during the forecast period. However, the software segment is expected to manifest the highest CAGR of 18.8% from 2022 to 2031.

๐Š๐„๐˜ ๐…๐ˆ๐๐ƒ๐ˆ๐๐†๐’ ๐Ž๐… ๐“๐‡๐„ ๐’๐“๐”๐ƒ๐˜

On the basis of system, the software system segment dominated the global autonomous navigation market in 2021, in terms of growth.

On the basis of platform, the weapons segment is anticipated to exhibit a remarkable growth during the forecast period.

On the application, the government segment is the highest contributor to the autonomous navigation market in terms of revenue.

On the basis of region, North America would exhibit suitable growth rate during the forecast period.

๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐ฆ๐จ๐ซ๐ž ๐ซ๐ž๐ฅ๐š๐ญ๐ž๐ ๐ฌ๐ญ๐ฎ๐๐ข๐ž๐ฌ ๐ฉ๐ฎ๐›๐ฅ๐ข๐ฌ๐ก๐ž๐ ๐›๐ฒ ๐€๐Œ๐‘ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Aviation Analytics Market - https://www.globenewswire.com/en/news-release/2022/05/31/2453540/0/en/Aviation-Analytics-Market-to-Garner-8-21-Billion-by-2030-Allied-Market-Research.html

Aerospace Adhesives Market - https://www.globenewswire.com/en/news-release/2022/11/04/2548765/0/en/Aerospace-Adhesives-Market-to-Garner-1-4-Billion-by-2031-Allied-Market-Research.html

Autonomous Aircraft Market - https://www.globenewswire.com/en/news-release/2022/08/05/2492994/0/en/Autonomous-Aircraft-Market-to-Garner-37-06-Billion-by-2031-Allied-Market-Research.html

Unmanned Surface Vehicle Market - https://www.prnewswire.com/news-releases/unmanned-surface-vehicle-market-to-reach-2-7-billion-globally-by-2032-at-11-5-cagr-allied-market-research-301960184.html

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:

United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ

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.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. 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. 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.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Market Size Of Autonomous Navigation Industry is slated to increase at a CAGR of 17.1% to reach a valuation of $15.91 billion by 2031 here

News-ID: 3430786 • Views: โ€ฆ

More Releases from Allied Market Research

Tea Market Strategies, In-depth Analysis, Key Players and Geographical Regions to 2031
Tea Market Strategies, In-depth Analysis, Key Players and Geographical Regions t โ€ฆ
Tea market size was valued at $49 billion in 2021, and is estimated to reach $93.2 billion by 2031, growing at a CAGR of 6.7% from 2022 to 2031. Due to the health benefits associated with tea, the tea industry is anticipated to experience significant expansion. The market for tea is expanding as a result of growing consumer health concerns. Furthermore, the growth of the tea market is greatly influenced byโ€ฆ
Cosmetic and Personal Care Hydroxypropyl Guar Market Analysis 2026: Key Drivers, Innovations, and Trends, 2033
Cosmetic and Personal Care Hydroxypropyl Guar Market Analysis 2026: Key Drivers, โ€ฆ
Allied Market Research published a report, titled, "Cosmetic and Personal Care Hydroxypropyl Guar Market by Application (Skin Care, Hair Care, Makeup, Hygiene Products, and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033". According to the report, the cosmetic and personal care hydroxypropyl guar market was valued at $390.3 million in 2023 and is estimated to reach $711.5 million by 2033, growing at a CAGR of 6.3% from 2024 to 2033.โ€ฆ
Emerging Trends in Boron Market: Growth and Forecast, 2033 | CAGR of 3.9%
Allied Market Research published a report, titled, "Boron Market by End-Use Industry (Automotive and Transportation, Building and Construction, Healthcare, Semiconductor, and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033". The global boron market size was valued at $10.5 billion in 2023 and is projected to reach $15.3 billion by 2033, growing at a CAGR of 3.9% from 2024 to 2033. Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/A53532 Prime determinants ofโ€ฆ
U.S. Glass Fiber Reinforced Polymer Rebar Market Trends by Region, Material, and Application, 2033
U.S. Glass Fiber Reinforced Polymer Rebar Market Trends by Region, Material, and โ€ฆ
According to a new research report published by Allied Market Research, the U.S. Glass Fiber Reinforced Polymer (GFRP) Rebar market was valued at $30.6 million in 2023 and is projected to reach $101.4 million by 2033, growing at a compound annual growth rate (CAGR) of 10.8% from 2024 to 2033. Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A324634 The market's growth is driven by the increasing demand for durableโ€ฆ

All 5 Releases


More Releases for Autonomous

Autonomous a2z Surpasses 310,000 Miles in Urban Autonomous Driving
Image: https://www.getnews.info/uploads/a6d18c1130baedcbc75eef61f83ee2be.jpg In Seoul, South Korea, Autonomous a2z, a company globally recognized in the autonomous driving sector, announced on August 16 that it had achieved a significant milestone: a cumulative urban autonomous driving distance of over 310,000 miles. This achievement marks the longest recorded distance for urban autonomous driving in South Korea, reaching the milestone just seven months after surpassing 250,000 miles in January. This entire record was achieved on urban roads,โ€ฆ
The Road Ahead : Navigating the Semi-Autonomous & Autonomous Bus Market
According to a new report published by Allied Market Research, titled, "Semi-Autonomous & Autonomous Bus Market," The semi-autonomous & autonomous bus market is expected to be valued at $791.2 million in 2025, and is estimated to reach $2,904.1 million by 2035, growing at a CAGR of 14.6% from 2026 to 2035. Europe region is expected to dominate the semi-autonomous & autonomous bus market in terms of revenue, followed by North America,โ€ฆ
Semi-Autonomous & Autonomous Truck Market Next Big Thing | Prominent Companies
Semi-autonomous and autonomous trucks control all the safety functions on their own as they sense the driving conditions of the surrounding. Semi-autonomous trucks are operated in longer distance with less human effort. Semi-autonomous trucks help the driver to regain controls by providing sufficient transition time. In addition, trucks can help reduce traffic congestion, leading to efficient delivery of goods and services. Furthermore, autonomous driving technology helps to reduce errors madeโ€ฆ
Autonomous Tractor Market Growth by 2027| AGCO, Autonomous Solutions, Autonomous โ€ฆ
The "Global Autonomous Tractor Market Analysis to 2027" is a specialized and in-depth study of Automotive and Transportation industry with a special focus on the global Autonomous Tractor Market trend analysis. The report aims to provide an overview of the Autonomous Tractor Market with detailed market segmentation by components and by application. The global autonomous tractor market is expected to witness high growth during the forecast period. The report providesโ€ฆ
Autonomous Tractor Market Growth by 2027| AGCO, Autonomous Solutions, Autonomous โ€ฆ
The "Global Autonomous Tractor Market Analysis to 2027" is a specialized and in-depth study of Automotive and Transportation industry with a special focus on the global Autonomous Tractor Market trend analysis. The report aims to provide an overview of the Autonomous Tractor Market with detailed market segmentation by components and by application. The global autonomous tractor market is expected to witness high growth during the forecast period. The report providesโ€ฆ
Autonomous Tractors Market Key Players| AGCO Corporation, Autonomous Solutions, โ€ฆ
A Comprehensive research study conducted byย KD Market Insightsย on "ย Autonomous Tractors Market - by Component (Sensor, GPS, Vision System, and Others) and Application (Tillage, Harvesting, Irrigation, Seed Sowing, Spraying, and Fertilizing) - Global Opportunity Analysis and Industry Forecast, 2018-2025ย " report offers extensive and highly detailed historical, current and future market trends in the global and regional/market. Theย Autonomous Tractors Marketย report includes market size, growth drivers, barriers, opportunities, trends and other information whichโ€ฆ