MarketsandMarkets’ report, “Autonomous Navigation Market by Solution (Sensing System, Software, Processing Unit), Platform (Airborne, Land, Space, Marine, Weapon), Application (Commercial, Military & Government), and Region - Global Forecast to 2030”, estimated the market at $2.2 Billion in 2018 and indicates it will reach $13.5 Billion by 2030, at a CAGR of 16.19% from 2018 to 2030. Development of sense & avoid systems in autonomous systems, high adoption of autonomous systems for commercial and military purposes, and demand for autonomous robots in logistics are expected to fuel the growth of the autonomous navigation market.
Forecast Points
- The software segment to grow at a higher CAGR in the autonomous navigation market during the forecast period
- Increasing investment in autonomous aircraft is expected to drive the market for airborne autonomous navigation market during the forecast period
- Asia Pacific region shows the highest potential for implementation of autonomous aircraft
- The major players in the autonomous navigation market include Raytheon (US), Thales (France), Northrop Grumman (US), Safran (France), and Honeywell International (US), among others.
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