About Autonomous System
Autonomous System consists of comprehensive technological solutions which enable machines to be operated by computers using artificial intelligence, pre-embedded data or machine learning. The autonomous systems available in market include both semi-autonomous systems as well as fully autonomous systems. The market of the autonomous systems is rising rapidly due to advancement in the technology, increasing investments in research and development of the autonomous technologies in order to reduce the number of human made mistakes. Growth in the aerospace and defence industry has also played a significant role in the growth of the autonomous system market.
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.
Boeing Company (United States), Lockheed Martin Corporation (United States), Airbus SE (Netherlands), Elbit Systems Ltd. (Israel), Northrop Grumman Corporation (United States), Rockwell Collins (United States), Skylights SAS (France), BAE Systems plc (United Kingdom), PrecisionHawk (United States) and Fortem Technologies Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Autonomous System market by , Application (Adaptive Cruise Control (ACC), Blind Spot Monitoring (BSM), Forward Collision Warning (FCW), Intelligent Speed Adaptation (ISA), Lane Departure Warning (LDW), Night Vision System (NVS), Parking Assistance (PA), Automatic Emergency Braking and Others) and Region.
On the basis of geography, the market of Autonomous 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 Operation , the sub-segment i.e. Semi-Autonomous will boost the Autonomous System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware will boost the Autonomous System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Software Segment is the Fastest Growing Segment
Market Growth Drivers:
Advancement in the Technology and Growing Demand for Autonomous Operations to Reduce Human Mistakes
Challenges:
High Level of Sophistication and Complexities in Technologies Limit the Growth of the Product in Certain Regions
Restraints:
High Costs of Autonomous Systems
Opportunities:
Asia Pacific Region is Steadily Emerging with High Scope of Potential
Market Leaders and their expansionary development strategies
In 2019, Airbus, European Aircraft Giant has announced acquisition of US based firm MTM Robotics. This acquisition was made at an undisclosed amount. The deal is set to bolster Airbus commitment of advancing its high tech robotic capabilities to be deployed in its manufacturing process. This will help airbus achieve a competitive edge over its rivals in manufacturing processes.
In 2018, Boeing Company, the United States based multinational designer, manufacturer and supplier of airplanes, rotary planes, telecom equipment, and others has announced acquisition of Aurora Flight Sciences, which is an autonomous systems developer. This acquisition deal will bolster Boeing’s unmanned systems business.
Key Target Audience
Autonomous System Manufacturers, Suppliers and Distributors, Component Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, 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.