Drone Navigation System Market Size - Growth, Share by 2031
The Drone Navigation System Market is expected to register a CAGR of 12.1% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Type (Autonomous, Semi-Autonomous); Application (Commercial, Military), Component (GPS/GNSS Receivers, Inertial Navigation Systems, LiDAR Scanners, Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Drone Navigation System Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Drone Navigation System Market Segmentation
Type- Autonomous
- Semi-Autonomous
- Commercial
- Military
- GPS/GNSS Receivers
- Inertial Navigation Systems
- LiDAR Scanners
- Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Drone Navigation System Market Growth Drivers- Increased Adoption in Defense Sector: Among the main reasons driving this growth of the drone navigation system market is the increasing adoption of drones in the defense sector. Drones are increasingly being used for surveillance, reconnaissance, and combat operations, which require advanced navigation systems to enhance their operational capabilities.
- Integration of Artificial Intelligence: The integration of artificial intelligence is highly driving the growth in the market for drone navigation system. AI increases the accuracy rate for navigation systems and allows autonomous flights, which makes drones more efficient and reliable in various applications.
- Expansion of Commercial Market Drones: The introduction of commercial drones are gaining popularity in agriculture, logistics, and delivery services. As commercial companies continue to seek the upper hand over others by enhancing efficiency and reducing cost usage from drones, the requirements for advanced drone navigation systems will also rise.
- Technological Advances: There has been continuous development in navigation technologies, such as GPS, LiDAR, and computer vision. These are good innovation grounds for technology, especially in drone navigation systems.
- Autonomous Drones: The drones are designed to operate on their own without human help or intervention and with proper navigation system. There are a lot of very significant trends in this area because these drones would need to be automatic for the sake of efficiency and even for safety reasons in applications such as delivery and surveillance.
- Growing Focus on Defense Technology: The growing government emphasis on upgrading defense technology is anticipated to propel the growth of drone navigation system across the globe.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Drone Navigation System Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Drone Navigation System Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The leading players operating in the Drone Navigation System Market include AeroVironment Inc., BAE Systems plc, Hexagon AB, Honeywell International Inc., Northrop Grumman Corporation, Parker Grumman Corporation, Raytheon Technologies Corporation, SBG Systems SAS, UAV Navigation
The Drone Navigation System Market is estimated to witness a CAGR of 12.1% from 2023 to 2031
Autonomous Drones and Growing Focus on Defense Technology is the key future trend of the Drone Navigation System Market
The major factors driving the Drone Navigation System Market are: Increased Adoption in Defense Sector and Integration of Artificial Intelligence
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Drone Navigation System Market - By Type
1.3.2 Drone Navigation System Market - By Application
1.3.3 Drone Navigation System Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. DRONE NAVIGATION SYSTEM MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. DRONE NAVIGATION SYSTEM MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. DRONE NAVIGATION SYSTEM MARKET - GLOBAL MARKET ANALYSIS
6.1. DRONE NAVIGATION SYSTEM - GLOBAL MARKET OVERVIEW
6.2. DRONE NAVIGATION SYSTEM - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. DRONE NAVIGATION SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. AUTONOMOUS
7.3.1. Overview
7.3.2. Autonomous Market Forecast and Analysis
7.4. SEMI-AUTONOMOUS
7.4.1. Overview
7.4.2. Semi-Autonomous Market Forecast and Analysis
8. DRONE NAVIGATION SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. COMMERCIAL
8.3.1. Overview
8.3.2. Commercial Market Forecast and Analysis
8.4. MILITARY
8.4.1. Overview
8.4.2. Military Market Forecast and Analysis
9. DRONE NAVIGATION SYSTEM MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Drone Navigation System Market Overview
9.1.2 North America Drone Navigation System Market Forecasts and Analysis
9.1.3 North America Drone Navigation System Market Forecasts and Analysis - By Type
9.1.4 North America Drone Navigation System Market Forecasts and Analysis - By Application
9.1.5 North America Drone Navigation System Market Forecasts and Analysis - By Countries
9.1.5.1 United States Drone Navigation System Market
9.1.5.1.1 United States Drone Navigation System Market by Type
9.1.5.1.2 United States Drone Navigation System Market by Application
9.1.5.2 Canada Drone Navigation System Market
9.1.5.2.1 Canada Drone Navigation System Market by Type
9.1.5.2.2 Canada Drone Navigation System Market by Application
9.1.5.3 Mexico Drone Navigation System Market
9.1.5.3.1 Mexico Drone Navigation System Market by Type
9.1.5.3.2 Mexico Drone Navigation System Market by Application
9.2. EUROPE
9.2.1 Europe Drone Navigation System Market Overview
9.2.2 Europe Drone Navigation System Market Forecasts and Analysis
9.2.3 Europe Drone Navigation System Market Forecasts and Analysis - By Type
9.2.4 Europe Drone Navigation System Market Forecasts and Analysis - By Application
9.2.5 Europe Drone Navigation System Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Drone Navigation System Market
9.2.5.1.1 Germany Drone Navigation System Market by Type
9.2.5.1.2 Germany Drone Navigation System Market by Application
9.2.5.2 France Drone Navigation System Market
9.2.5.2.1 France Drone Navigation System Market by Type
9.2.5.2.2 France Drone Navigation System Market by Application
9.2.5.3 Italy Drone Navigation System Market
9.2.5.3.1 Italy Drone Navigation System Market by Type
9.2.5.3.2 Italy Drone Navigation System Market by Application
9.2.5.4 United Kingdom Drone Navigation System Market
9.2.5.4.1 United Kingdom Drone Navigation System Market by Type
9.2.5.4.2 United Kingdom Drone Navigation System Market by Application
9.2.5.5 Russia Drone Navigation System Market
9.2.5.5.1 Russia Drone Navigation System Market by Type
9.2.5.5.2 Russia Drone Navigation System Market by Application
9.2.5.6 Rest of Europe Drone Navigation System Market
9.2.5.6.1 Rest of Europe Drone Navigation System Market by Type
9.2.5.6.2 Rest of Europe Drone Navigation System Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Drone Navigation System Market Overview
9.3.2 Asia-Pacific Drone Navigation System Market Forecasts and Analysis
9.3.3 Asia-Pacific Drone Navigation System Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Drone Navigation System Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Drone Navigation System Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Drone Navigation System Market
9.3.5.1.1 Australia Drone Navigation System Market by Type
9.3.5.1.2 Australia Drone Navigation System Market by Application
9.3.5.2 China Drone Navigation System Market
9.3.5.2.1 China Drone Navigation System Market by Type
9.3.5.2.2 China Drone Navigation System Market by Application
9.3.5.3 India Drone Navigation System Market
9.3.5.3.1 India Drone Navigation System Market by Type
9.3.5.3.2 India Drone Navigation System Market by Application
9.3.5.4 Japan Drone Navigation System Market
9.3.5.4.1 Japan Drone Navigation System Market by Type
9.3.5.4.2 Japan Drone Navigation System Market by Application
9.3.5.5 South Korea Drone Navigation System Market
9.3.5.5.1 South Korea Drone Navigation System Market by Type
9.3.5.5.2 South Korea Drone Navigation System Market by Application
9.3.5.6 Rest of Asia-Pacific Drone Navigation System Market
9.3.5.6.1 Rest of Asia-Pacific Drone Navigation System Market by Type
9.3.5.6.2 Rest of Asia-Pacific Drone Navigation System Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Drone Navigation System Market Overview
9.4.2 Middle East and Africa Drone Navigation System Market Forecasts and Analysis
9.4.3 Middle East and Africa Drone Navigation System Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Drone Navigation System Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Drone Navigation System Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Drone Navigation System Market
9.4.5.1.1 South Africa Drone Navigation System Market by Type
9.4.5.1.2 South Africa Drone Navigation System Market by Application
9.4.5.2 Saudi Arabia Drone Navigation System Market
9.4.5.2.1 Saudi Arabia Drone Navigation System Market by Type
9.4.5.2.2 Saudi Arabia Drone Navigation System Market by Application
9.4.5.3 U.A.E Drone Navigation System Market
9.4.5.3.1 U.A.E Drone Navigation System Market by Type
9.4.5.3.2 U.A.E Drone Navigation System Market by Application
9.4.5.4 Rest of Middle East and Africa Drone Navigation System Market
9.4.5.4.1 Rest of Middle East and Africa Drone Navigation System Market by Type
9.4.5.4.2 Rest of Middle East and Africa Drone Navigation System Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Drone Navigation System Market Overview
9.5.2 South and Central America Drone Navigation System Market Forecasts and Analysis
9.5.3 South and Central America Drone Navigation System Market Forecasts and Analysis - By Type
9.5.4 South and Central America Drone Navigation System Market Forecasts and Analysis - By Application
9.5.5 South and Central America Drone Navigation System Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Drone Navigation System Market
9.5.5.1.1 Brazil Drone Navigation System Market by Type
9.5.5.1.2 Brazil Drone Navigation System Market by Application
9.5.5.2 Argentina Drone Navigation System Market
9.5.5.2.1 Argentina Drone Navigation System Market by Type
9.5.5.2.2 Argentina Drone Navigation System Market by Application
9.5.5.3 Rest of South and Central America Drone Navigation System Market
9.5.5.3.1 Rest of South and Central America Drone Navigation System Market by Type
9.5.5.3.2 Rest of South and Central America Drone Navigation System Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. DRONE NAVIGATION SYSTEM MARKET, KEY COMPANY PROFILES
11.1. AEROVIRONMENT INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BAE SYSTEMS PLC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. HEXAGON AB
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HONEYWELL INTERNATIONAL INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. NORTHROP GRUMMAN CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. PARKER GRUMMAN CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. RAYTHEON TECHNOLOGIES CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SBG SYSTEMS SAS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SZ DJI TECHNOLOGY CO. LTD.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. UAV NAVIGATION
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.AeroVironment Inc.
2.BAE Systems plc
3.Hexagon AB
4.Honeywell International Inc.
5.Northrop Grumman Corporation
6.Parker Grumman Corporation
7.Raytheon Technologies Corporation
8.SBG Systems SAS
9.SZ DJI Technology Co. Ltd.
10.UAV Navigation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
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- Validates and strengthens in-house secondary research findings
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Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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