openPR Logo
Press release

Autonomous Navigation Market to Reach $15.91 billion, Globally, by 2031

05-21-2024 06:27 AM CET | Aerospace & Defense

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Autonomous Navigation Market

Autonomous Navigation Market

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. The global autonomous navigation market was valued at $3.27 billion in 2021, and is projected to reach $15.91 billion by 2031, growing at a CAGR of 17.1% from 2022 to 2031.

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 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.

๐“๐ก๐ž ๐ค๐ž๐ฒ ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐ฉ๐ซ๐จ๐Ÿ๐ข๐ฅ๐ž๐ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ข๐ง๐œ๐ฅ๐ฎ๐๐ž

Safran, Northrop Grumman, Moog Inc., Furuno, ABB, Raytheon Technologies, L3 Harris Technologies, General Dynamics, Honeywell International, Trimble, Thales Group, Rh Marine, Kongsberg Gruppen

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ฎ๐ฒ ๐๐จ๐ฐ ๐ญ๐ก๐ž ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.alliedmarketresearch.com/checkout-final/aa08be67bff0f36708f785a2af2b2246

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.

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†๐ž๐ญ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ฒ๐จ๐ฎ'๐ซ๐ž ๐‘๐ž๐ช๐ฎ๐ข๐ซ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ: https://www.alliedmarketresearch.com/request-for-customization/A07098

The report provides a detailed analysis of these key players of the market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

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:

Commercial Satellite Imaging Market - https://www.globenewswire.com/en/news-release/2022/07/05/2473695/0/en/Commercial-Satellite-Imaging-Market-to-Surpass-9-2-Billion-by-2031-Allied-Market-Research.html

Space Traffic Management Market - https://www.globenewswire.com/en/news-release/2022/05/30/2452630/0/en/Space-Traffic-Management-Market-to-Garner-22-4-Billion-by-2030-Allied-Market-Research.html

Aircraft Health Monitoring System Market - https://www.globenewswire.com/en/news-release/2022/06/22/2466995/0/en/Aircraft-Health-Monitoring-System-Market-to-Garner-7-27-Billion-by-2030-Allied-Market-Research.html

Aircraft Electrification Market - https://www.globenewswire.com/en/news-release/2023/05/05/2662272/0/en/Aircraft-Electrification-Market-Predicted-to-Reach-21-8-Billion-Globally-by-2032-at-13-5-CAGR-Allied-Market-Research.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 Autonomous Navigation Market to Reach $15.91 billion, Globally, by 2031 here

News-ID: 3504784 • Views: โ€ฆ

More Releases from Allied Market Research

Luxury Hotel Market Huge Demand, High Growth Rate to Reach $160.4812 Billion by 2031, At a CAGR of 5.1% From 2020-2031
Luxury Hotel Market Huge Demand, High Growth Rate to Reach $160.4812 Billion by โ€ฆ
According to a new report published by Allied Market Research, titled, "Luxury Hotel Market by Type, by Category: Global Opportunity Analysis and Industry Forecast, 2020-2031". The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends. The global luxury hotel market was valued at $95,113.00 million in 2020, and is projected to reach $160,481.23โ€ฆ
Luxury Hotel Market Huge Demand, High Growth Rate to Reach $160.4812 Billion by 2031, At a CAGR of 5.1% From 2020-2031
Luxury Hotel Market Huge Demand, High Growth Rate to Reach $160.4812 Billion by โ€ฆ
According to a new report published by Allied Market Research, titled, "Luxury Hotel Market by Type, by Category: Global Opportunity Analysis and Industry Forecast, 2020-2031". The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends. The global luxury hotel market was valued at $95,113.00 million in 2020, and is projected to reach $160,481.23โ€ฆ
Why Invest in Augmented Reality Market Share Reach USD 411.4 Billion by 2031, Growing at a CAGR of 33.2%
Why Invest in Augmented Reality Market Share Reach USD 411.4 Billion by 2031, Gr โ€ฆ
According to the report published by Allied Market Research, Why Invest in Augmented Reality Market Share Reach USD 411.4 Billion by 2031, Growing at a CAGR of 33.2%. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers valuable able guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining a competitiveโ€ฆ
Why Invest in Data Extraction Market Size Reach USD 4.90 Billion by 2027
Why Invest in Data Extraction Market Size Reach USD 4.90 Billion by 2027
According to the report published by Allied Market Research, Why Invest in Data Extraction Market Size Reach USD 4.90 Billion by 2027. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers valuable able guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining a competitive edge in the market. Rise in adoptionโ€ฆ

All 5 Releases


More Releases for Autonomous

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
Global Semi-Autonomous and Autonomous Vehicle Market
Global Semi-Autonomous and Autonomous Vehicle Market is a synopsis of the Market stats for the forecast duration of 2019-2026. The Global Semi-Autonomous and Autonomous Vehicle Market are changing due to key players and brands making movements such as developments, product launches, joint ventures, mergers and accusations that in turn change the view of the Semiconductors and Electronics industryโ€™s global face. Global Semi-Autonomous and Autonomous Vehicle Market report has been comprised ofโ€ฆ
Autonomous Ships Market |rolls Royce autonomous ferry| kongsberg autonomous ship
Autonomous Ships Market This report provides an analysis of the autonomous ships market from 2018 to 2030. It discusses industry and technology trends currently prevailing in the market, along with drivers, restraints, challenges, and opportunities in the market. Request For Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=267183224 The autonomous ships market is projected to grow from USD 6.1 billion in 2018 to USD 13.8 billion by 2030, at a CAGR of 7% from 2018 to 2030.โ€ฆ
Semi Autonomous and Autonomous Vehicle Market: Lucrative Opportunites across Glo โ€ฆ
vehicle without the need of any human intervention. Many autonomous vehicles are being developed Autonomous cars are vehicles which are capable of sensing the environment and navigating the but these cars are still not permitted on public roads. In semi-autonomous cars the responsibility of driving is delegated to the driver and the technology is used in the vehicles for driver-air and safety feature. Established auto-makers such as Tesla, Nissan, Mercedes-Benzโ€ฆ