About Autonomous Navigation Sensing System
Autonomous Navigation Sensing System is a new generation technology which allows vehicles deployed either in air, land, space or water to operate autonomously without human assistance. The autonomous navigation sensing systems allow this vehicles to collect real time surrounding data to make instantaneous decision using artificial intelligence. Several Companies around the world be it automotive, tech or defence companies are investing on the success of this technology to drive the incoming tech revolution. Although the technology is still in its early developing stages thus resulting in improper navigation and accidents at times. Geographically, North America is expected to be prominent market of autonomous navigation sensing system.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
General Dynamics Corporation (United States), Autonomous Solutions Inc. (United States), Tesla, Inc. (United States), Raytheon Technologies (United States), Northrop Grumman Corporation (United States), Thales Group (France), Safran (France), Amazon.com, Inc. (United States), Apple Inc. (United States) and Boeing Company (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Drive.ai (United States), EasyMile (France) and Five AI (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Autonomous Navigation Sensing System market by and Region.
On the basis of geography, the market of Autonomous Navigation Sensing System 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). If we see Market by End User , the sub-segment i.e. Automotive will boost the Autonomous Navigation Sensing System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Autonomous Navigation Sensing System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solutions , the sub-segment i.e. Aerial will boost the Autonomous Navigation Sensing System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sensor Types , the sub-segment i.e. Ultrasonic Sensors will boost the Autonomous Navigation Sensing System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Commercial Autonomous Vehicles is Receiving One of the Highest Research and Development Funds
Market Growth Drivers:
Advancement in Sensor Technology, Improved Connectivity and Increased Investment in Autonomous Technology
Challenges:
The Autonomous Navigation Sensing Systems are still in their Nascent Stages
Restraints:
High Cost of Investments in Research and Development
Opportunities:
Autonomous Drones are a Rising Phenomenon especially After Recent Success of Drones in Active Wars
Market Leaders and their expansionary development strategies
In 2021, Toro Company, US based market leader in turf, landscape, and snow management solutions while also providing some construction solutions has announced acquisition of Left Hand Robotics, Inc. Left Hand Robotics is an autonomous turf and snow management solutions developer. The acquisition will bolster the existing solutions offered by Toro Company equipped with Left hand robotics autonomous technology.
In 2020, Amazon, Global Tech giant, famous for its e-commerce platform and cloud services has announced acquisition of Zoox. Zoox is a bi-directional autonomous vehicles manufacturer, where it is still working on refining and developing the technology. The acquisition is aimed by Amazon to deploy the technology in its transportation delivery fleet of vehicles.
Key Target Audience
Autonomous Navigation Sensing System Providers, Component Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Analysts and Strategic Business Planners, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.