“Autonomous Navigation Market to demonstrate promising growth over the forecast period”, says VIsiongain report

04 September 2019
Aviation

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.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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