Drone Navigation System Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Drone navigation systems provides the users with the control of the flight parameters of a drone by way of integrating with flight management system and embedded datalink system to effectively control the heading direction and altitude of a drone. Increasing number of programs of drones for surveillance to enhance military troops' situational awareness plays a tremendous role in the defense drone's phase to maintain its marketplace function. Additionally, factors including advancements in digital conflict technologies, stronger utility profile of drones, and miniaturization of payloads and subsystems are creating positive prospects for the market growth. However, vulnerability to cybersecurity threats, and challenges related to bandwidth allocation for drone operations may also abate the growth of the global drone navigation system market.
MARKET SCOPE
The "Global Drone Navigation System Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of Drone Navigation System market with detailed market segmentation by Type, Application, and geography. The global Drone Navigation System market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Drone Navigation System market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis Type, the market is segmented as Autonomous and Semi-Autonomous.
- On the basis of Application, the market is segmented as Commercial and Military.
MARKET DYNAMICS
Drivers:
- Rising application in surveillance for enhanced situational awareness
- Advancement in Electronic Warfare Technologies
Restraints:
- Vulnerabilities to cyber-attacks
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Drone Navigation System market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Drone Navigation System market in these regions.
IMPACT OF COVID-19 ON DRONE NAVIGATION SYSTEM MARKET
The COVID-19 pandemic largely impacted the global supply chain which led to a shortage of supplies for drone navigation systems manufacturers. However, during the second half of 2020, the speculations of commercial drone applications to fight epidemics through actions such as spraying disinfectants and field surveillance has created ample growth opportunities for drone and drone-related systems manufacturers. Furthermore, the reopening of the supply chain and successful implementation of vaccine drives have resulted in restart of production activities by major market player. For instance, in July 2021, Asio Technologies, an experienced navigation systems contractor, launched NavGuard, a self-contained, real-time optical navigation system allowing GNSS-free navigation made on an on-board geo infrastructure. Additionally, the rising requirement of drone navigation systems by defense organizations across the world, coupled with increased military budgets of strong economies, is building a huge opportunity for the market to expand in the post-pandemic scenarios.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Drone Navigation System market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Drone Navigation System market in these regions.
IMPACT OF COVID-19 ON DRONE NAVIGATION SYSTEM MARKET
The COVID-19 pandemic largely impacted the global supply chain which led to a shortage of supplies for drone navigation systems manufacturers. However, during the second half of 2020, the speculations of commercial drone applications to fight epidemics through actions such as spraying disinfectants and field surveillance has created ample growth opportunities for drone and drone-related systems manufacturers. Furthermore, the reopening of the supply chain and successful implementation of vaccine drives have resulted in restart of production activities by major market player. For instance, in July 2021, Asio Technologies, an experienced navigation systems contractor, launched NavGuard, a self-contained, real-time optical navigation system allowing GNSS-free navigation made on an on-board geo infrastructure. Additionally, the rising requirement of drone navigation systems by defense organizations across the world, coupled with increased military budgets of strong economies, is building a huge opportunity for the market to expand in the post-pandemic scenarios.
MARKET PLAYERS
The report covers key developments in the Drone Navigation System market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Drone Navigation System market are anticipated to lucrative growth opportunities in the future with the rising demand for Drone Navigation System in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Drone Navigation System market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- 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
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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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