Press release
Boost in Autonomous Navigation Market: Insights on Market Size, Growth Rate, Major Players, Drivers, and Trends
Autonomous Navigation Market
Navigating to an Autonomous Future: Growth in AI and machine learning, evolution in GPS, regulatory support, and automation demand fuel the global autonomous navigation market.
What Is The Projected Market Size Of The Global Autonomous Navigation Market And Its Growth Rate?
The following are observed trends in the market size of the global autonomous navigation market:
• The market has grown rapidly, from $5.22 billion in 2024 to $6.17 billion in 2025, at a Compound Annual Growth Rate (CAGR) of 18.2%.
• This growth is largely due to advances in AI and machine learning, development in GPS, regulatory support and the growing automotive industry, and increased demand for automation.
• The market is predicted to expand exponentially, reaching $13.28 billion in 2029 at a CAGR of 21.1%.
• Growth in this forecast period is attributable to safety and efficiency priorities, continued innovation in the automotive industry, regulatory and policy frameworks, and enhanced positioning systems.
What Is Driving The Growth In The Autonomous Navigation Market?
The autonomous navigation market is witnessing substantial growth, largely driven by the increasing demand for robots. Robots, as autonomously operating systems, have become essential in substituting human effort and reducing risks associated with dangerous activities. The demand for autonomous navigation systems is thus fueled by the need for robots to navigate without colliding with obstacles and multiple interventions. For example, according to the International Federation of Robotics, the World Robotics report in 2022 recorded 553,052 industrial robot installations globally, reflecting a 5% year-on-year growth. This high demand for robots is thus contributing significantly to the development of the autonomous navigation market.
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Who Are the Key Players Driving Autonomous Navigation Market Growth?
Major players contributing to the growth of the autonomous navigation market include:
• Honeywell International Inc.
• Thales Group
• Raytheon Company
• Northrop Grumman Corporation
• Furuno Electric Co Ltd.
• Moog Inc.
• Rolls-Royce Holdings PLC
• Kongsberg Group
• Trimble Inc.
• ABB Ltd.
• RH Marine Group
• Safran S.A
• General Dynamics Corporation
• L3 Technologies Inc.
• Collins Aerospace
• Albora Technologies Limited
• Starfish Space
• Blickfeld
• Caterpillar Inc.
• Charles River Analytics
• Elbit Systems
• Ghost Robotics
• Fixposition AG
• Xona Space Systems
• Blue River Technology
• Brain Corp.
• Clearpath Robotics
• Embark Trucks
• Fetch Robotics
What Are The Key Trends In The Autonomous Navigation Market?
Key trends in the autonomous navigation market include:
• Regulatory environment and standards
• Cost reduction strategies
• Safety and risk mitigation
• Industry-specific applications
What Are The Segments Of The Global Autonomous Navigation Market?
The autonomous navigation market is segmented by:
1) Solution: Sensing System, Software, Processing Unit
2) Platform: Airborne, Land, Space, Marine, Weapon
3) Application: Commercial, Military and Government
Which Region Leads The Autonomous Navigation Market?
North America held the largest share of the autonomous navigation market in 2024. Other regions thoroughly covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Autonomous Navigation Market Global Market Report?
- Market Size Analysis: Analyze the Autonomous Navigation Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Autonomous Navigation Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Autonomous Navigation Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers
- Industry Challenges: Analyze challenges and risks affecting the Autonomous Navigation Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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