04 September 2019
Visiongain has launched a new Aerospace Report Autonomous Navigation Market Report 2019-2029: Forecasts by Solution (Sensing System, Software, Processing Unit), by Platform (Airborne, Land, Space, Marine, Weapon), by Application (Commercial, Military & Government) PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis.
The global autonomous navigation market is expected to demonstrate promising growth over the forecast period. The growing demand for autonomous robotic systems in the military and commercial sectors, development of sense and avoid systems, and high adoption of these robots in logistics are expected to fuel the growth of the autonomous navigation market. However, the absence of required foundation for an established autonomous framework in the emerging countries is hindering the growth of the autonomous navigation market. The autonomous navigation market can be segmented based on solution, application, platform and region.
Among the solutions in the autonomous navigation market, the software segment is expected to grow at the fastest rate through the forecast period. This can be attributed to the ability of software integrated into the system to provide learning capabilities and carry out complex operations. Additionally, data management and analysis software are used for their varied functions such as health monitoring, smooth mobility, and collision avoidance. Growing investments in the development of commercial autonomous drones and cars will further propel the autonomous navigation market growth through the forecast period. The largest segment among the applications is the commercial segment that includes all autonomous systems in the automotive, aviation, marine, and logistics sectors. Extensive research and development in robotics, artificial intelligence, computer vision, and edge computing are expected to significantly drive the commercial segment in the autonomous navigation market.
The key companies operating in the autonomous navigation market are Thales, Raytheon, Northrop Grumman, Honeywell International, and Safran. These major companies are increasingly engaging in securing of contracts so as to improve the sale of autonomous navigation available individual platforms. Some of the other companies operating in the market include ABB, Rolls-Royce, Kongsberg Gruppen, Rh Marine, Trimble, Furuno, General Dynamics, L3 Technologies, Rockwell Collins, and Moog. These companies are taking various strategic initiatives such as new product development, contracts, acquisitions, collaborations, expansions, and agreements so as to increase their presence in the global market and gain a competitive advantage.
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