Autonomous Navigation Market Scope
Autonomous navigation means that a vehicle or robot is able to plan its path and execute its plan without human intervention. In some circumstances, remote navigation aids are used in the planning process, while at other times the only information available to compute a path is based on input from sensors aboard the vehicle itself. An autonomous robot is one that not only can retain its own stability as it moves but also can plan its actions. Autonomous robots use navigation aids when possible but can also rely on auditory, visual, and olfactory cues. High Adoption of autonomous robots for commercial and military purposes is one of the key drivers fueling the growth of the market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Rolls-Royce (United Kingdom), Kongsberg Gruppen (Norway), ABB (Switzerland), Trimble (United States), Furuno (Japan), Thales Group (France), General Dynamics (United States), Honeywell International (United States) and Rh Marine (Netherlands) |
CAGR | 16.05% |
Autonomous Navigation market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Autonomous Navigation market throughout the predicted period.
Rolls-Royce (United Kingdom), Kongsberg Gruppen (Norway), ABB (Switzerland), Trimble (United States), Furuno (Japan), Thales Group (France), General Dynamics (United States), Honeywell International (United States) and Rh Marine (Netherlands) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Safran (France), Northrop Grumman (United States), L3 Technologies (United States), Raytheon (United States), Rockwell Collins (United States) and Moog Inc. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Autonomous Navigation market by Type , by Application (Commercial and Military & Government) and Region with country level break-up.
On the basis of geography, the market of Autonomous Navigation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
On 21 Oct 2019, ABB signs a landmark contract with Singaporean shipyard Keppel Offshore & Marine to enable autonomous tug operation in 2020.
On 3 Dec 2018, Rolls-Royce and Finnish state-owned ferry operator Finferries have successfully demonstrated the world’s first fully autonomous ferry in the archipelago south of the city of Turku, Finland. The car ferry Falco used a combination of Rolls-Royce Ship Intelligence technologies to successfully navigate autonomously during its voyage between Parainen and Nauvo. The return journey was conducted under remote control.
Influencing Trend:
Application of Machine Learning to Autonomous Navigation
Market Growth Drivers:
Development of Sense and Avoid Systems in Autonomous Systems, High Adoption of Autonomous Robots for Commercial and Military Purposes and Demand for Autonomous Robots in Logistics is also propelling the Market Growth
Challenges:
Vulnerability of Autonomous Systems to Cyber Threats Due to Automation and Unclear Regulatory Framework for Autonomous Systems Use May Pose Major Challenge for the Market
Restraints:
Lack of Required Infrastructure for Autonomous Systems in Developing Countries
Opportunities:
Initiatives for the Development of Autonomous Systems and Autonomous Navigation Is One of the Main Enabling Technologies for Future Space Missions
Key Target Audience
Autonomous Navigation Companies, Autonomous Navigation Solution Providers, Potential Technology Investors, Regulatory & Government Bodies, End Users, Downstream Vendors and Others