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The introduction of autonomous navigation is becoming one of the significant trends in the logistic industry for automation multitasking without any manual interference. Awareness about robotics is driving the demand for autonomous navigation market, furthermore, defense forces all around the world adopting advanced warfare techniques such as network-centric warfare and electronic warfare. These techniques required for monitoring various military operations during the war. Aerial warfare technique used in the advanced warfare technique in which strategic targets achieved by the bombers. Autonomous navigation provides precision and accuracy to the weapons systems majorly used in battlefield. Expected infrastructure for autonomous navigation systems and rising demand for technically advanced autonomous robots are lucrative revenue pockets for navigation. The autonomous navigations are supported by the rise in the demand for sensors and payloads capabilities of different military and defense platforms.
Key Market Driver -
Key Market Driver – • Deficiency of expected infrastructure for autonomous systems in newly developing countries is so limited so this factor responsible to boost the market. • Rising demand for technically advanced autonomous robots has caused the demand for navigation sensors. • Rising usage of military robots such as UAVs for Intelligence, Reconnaissance is anticipated to drive the demand for autonomous navigation.
Key Market Restraint -
• Key Market Restraint – • Availability of skill workforce and strengthen regularity compliance.
Navigation sensors mainly used for machine intelligence for decision making. These systems include cameras, LiDAR, acoustic navigation, and radar. The autonomous surface vehicle is available at a lower cost, and it is more flexible than any other competitive platforms. Moreover, rising investment in the autonomous marine systems and the rise in the delivery of autonomous surface vehicles are anticipated to drive the market for the marine segment. Navigation systems attributed various features such as 3D camera, and situational awareness devices to receive real-time location information to track the vehicles for logistics companies. They are raising funds in autonomous aircraft and software associated with autonomous systems used in combat military operations projected to grow the market for autonomous navigation.
Key Players in the Autonomous navigation market include Raytheon (US), Thales (France), Northrop Grumman (US), Safran (France),Honeywell International (US), ABB(US), Moog Inc.(US), Collins Aerospace(U.S), General Dynamics (US), L3 Technologies Inc. and among others
By the Solution segment, the inertial navigation system is expected to witness high growth in the overall autonomous navigation market, owing to the high amount of usage in navigation radar to route mapping helpful for naval vessels, aircraft, and spacecraft. Followed by the inertial navigation system, the sensing system is expected to witness steady growth, as there is an increased awareness to receive real-time location information to track the vehicles for logistics companies.
Based on End-user type, marine and airborne platforms are expected to project at a high growth rate in terms of large volume and value as the aircraft, and naval vessels highly prefer these products in the U.S. and Canada. In terms of military operations, military robots are expected to have a high growth as it helps in UAVs for Intelligence, and Reconnaissance to drive the demand for autonomous navigation.
The Autonomous navigation market is analyzed across five major regions North America, Europe, Asia Pacific, Middle East, and Africa, and South America.
North America is anticipated to dominate the Autonomous navigation market during the forecast period. Early adoption of enhanced technologies like autonomous robots and UAVs for Intelligence would drive the market growth across the region. The U.S. and Canada autonomous navigation market would witness a remarkable growth rate in the coming years. As many businesses in the U.S. and Canada are focusing on adopting new technologies to smoothen their battlefield operations.
The key market players in the autonomous navigation market, such as include Raytheon (US), Northrop Grumman (US), and Honeywell International (US), are some of the key players in autonomous navigation market across the region. The massive investments of these organizations enable them to invest in advanced technologies and adopt useful analytical tools in autonomous systems.
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Likewise, Asia Pacific is forecasted to witness remarkable growth in the autonomous navigation market, followed by North America. The Asia Pacific region is considered to be a profitable market region by the autonomous navigation business. Military services s in the Asia Pacific region are adopting the digital transformation services on a large scale, which has driven the focus of the organization on predictive maintenance tools to analyze the data of battlefield in the region.
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