Autonomous Navigation Market Growth Report 2021 to 2031
The global autonomous navigation market size is expected to grow from US$ 5.20 billion in 2023 to US$ 17.28 billion by 2031; it is anticipated to expand at a CAGR of 16.2% from 2024 to 2031. The growing focus on unmanned traffic management systems is likely to remain a key autonomous navigation market trends.
Autonomous Navigation Market Analysis
The ongoing attempts to advance autonomous systems have been a crucial driver in the autonomous navigation sector. The development of advanced autonomous navigation systems for a variety of platforms, including aerial, terrestrial, marine, and space, has helped to drive market expansion.
Autonomous Navigation Market Overview
An autonomous navigation system is a complex technology that allows vehicles such as drones, robots, automobiles, and boats to plan and execute their itineraries without the need for human interaction. This system uses a combination of complicated technologies, including inertial navigation, satellite navigation, radars, cameras, ultrasonic and acoustic navigation, as well as powerful algorithms, to make intelligent judgments depending on the surrounding environment. Using these cutting-edge technology, the autonomous navigation system guarantees that cars navigate precisely and securely.
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Autonomous Navigation Market: Strategic Insights
Market Size Value in US$ 427.8 Million in 2019 Market Size Value by US$ 796.0 Million by 2027 Growth rate CAGR of 10.1% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Autonomous Navigation Market: Strategic Insights
| Market Size Value in | US$ 427.8 Million in 2019 |
| Market Size Value by | US$ 796.0 Million by 2027 |
| Growth rate | CAGR of 10.1% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Autonomous Navigation Market Drivers and Opportunities
Advancement in Autonomous Systems to Favor Market
Technological improvements and intensive study have contributed significantly to the evolution of autonomous navigation systems. These improvements have resulted in the widespread use of autonomous vehicles, drones, and robotic systems in a variety of industries, including transportation, logistics, agriculture, and manufacturing. The expanding technology breakthroughs in the autonomous navigation business provide various prospects for autonomous car makers. The proximity to big automobile markets, such as the United States, as well as trade agreements like the North American Free Trade Agreement (NAFTA), help to drive the expansion of the autonomous navigation sector.
Rise in the adoption of autonomous robots in commercial & military applications
The accessibility, faster service, and dependable qualities of e-commerce platform-based businesses have considerably accelerated the expansion of the e-commerce sector. This expansion may be ascribed to a variety of causes, including technological breakthroughs and ongoing research and development in robotics, computer vision, artificial intelligence, and edge computing. Autonomous robots play an important part in military applications. They are used in a variety of combat support tasks, including anti-submarine warfare, mine laying, fire support, electronic warfare, battle damage management, strike missions, aerial refueling, and more. These robots help military forces throughout the world by replacing human scouts and doing jobs that are too risky or difficult for people to complete.
Autonomous Navigation Market Report Segmentation Analysis
Key segments that contributed to the derivation of the autonomous navigation market analysis are solution, application, vehicle type, and platform.
- Based on solution, the market is divided into sensing system, navigation system, processing unit, and software. The sensing system segment held a larger market share in 2023.
- In terms of application, the market is bifurcated into commercial and defense. The commercial segment held a larger market share in 2023.
- Based on vehicle type, the market is divided into AGVs, Mobile Robots, UUVs, Drones, and Others. The AGVs segment held a larger market share in 2023.
- Based on platform, the market is divided into land, marine, and space. The land segment held a larger market share in 2023.
Autonomous Navigation Market Share Analysis by Geography
The geographic scope of the Autonomous Navigation market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America. North America dominated the Autonomous Navigation market in 2023. This is due to the rising demand for automated transport has been a significant driver of the autonomous navigation market in North America. As industries and consumers seek more efficient and reliable transportation solutions, the demand for autonomous navigation systems has increased.
Autonomous Navigation Market Report Scope
Autonomous Navigation Market News and Recent Developments
The autonomous navigation market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
- In June 2022, BlueBotics launched ANTdriven.com, a new educational resource aimed at helping professionals start their AGV (Automated Guided Vehicle) journeys. The platform provides clear and helpful educational content and useful tools and even offers free expert consultancy. It is designed to assist potential buyers in overcoming challenges and finding the best-fit automated vehicles for their businesses. ANTdriven.com features a wide range of content to suit every visitor, regardless of where they are on their AGV journey.
(Source: BlueBotics, Press Release, 2022)
Autonomous Navigation Market Report Coverage and Deliverables
The "Autonomous Navigation Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Solution , Application , Vehicle Type , and Platform
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The growing efforts aimed at advancing autonomous systems have been a significant driver for the autonomous navigation market.
The growing focus on unmanned traffic management systems is likely to remain a key autonomous navigation market trends.
The key players holding the majority of shares in the global autonomous navigation market are BlueBotics SA, YUJIN ROBOT Co., Ltd., KONGSBERG, Trimble Inc., and ASI Robots.
The autonomous navigation market size is expected to grow from US$ 5.20 billion in 2023 to US$ 17.28 billion by 2031; it is anticipated to expand at a CAGR of 16.2% from 2024 to 2031.
The global autonomous navigation market is expected to reach US$ 17.28 billion by 2031.
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.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
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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