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Autonomous Navigation System Market is set to Grow at CAGR of 12.5% from 2023 to 2030; ABB Takes Over Mobile Robotics Group for Expansion of Product Reach

September 18, 2023 | Aerospace & Defense

The global autonomous navigation system market size stood at USD 2.88 billion in 2022. The market value is slated to rise from USD 3.17 billion in 2023 to USD 7.24 billion by 2030 at a CAGR of 12.5% during 2023-2030. Fortune Business Insights™ presents this information in its report titled “Autonomous Navigation System Market Size, Share & COVID-19 Impact Analysis, By Platform (Airborne, Land, Marine, Space, and Weapons), By System (Sensing System, Navigation System, Processing System, and Software System), By Application (Commercial, Military, and Government), and Regional Forecast, 2023-2030”. The surge is due to the increasing product usage for the conversion of manned vehicles into unmanned vehicles. The systems are used in an array of sectors such as logistics, manufacturing, and others. Some of the advantages of these systems include improved flexibility, enhanced accuracy, and operation without breaks.


Decreased Human Contact and Enhanced Safety to Propel Industry Expansion Amid COVID-19 Pandemic


The COVID-19 pandemic positively influenced the market growth. During the pandemic period, there was a demand for autonomous delivery systems such as self-driving vehicles and drones. This was on account of lockdown restrictions and an increase in the number of people staying at home. Furthermore, there was an increase in the usage of robots for the reduction of patient contact, decreasing the requirement for Personal Protective Equipment (PPE).


ABB Acquires Mobile Robotics Group to Expand Product Reach


In July 2021, ABB acquired the Mobile Robotics Group. The company boasted an extensive collection of products for leading applications. The acquisition would reinforce ABB’s automation and robotics portfolio. With the help of this acquisition, expansion of ABB’s robotics and automation offering will make it the only company to offer a complete portfolio for the next generation of flexible automation.


Escalation in Market Share Driven by Emergence of Enhanced Surveillance Systems


The autonomous navigation system market growth is being impelled by a surge in the emergence of enhanced surveillance systems. The expansion is further driven by the concerns of border security. Moreover, with concerns regarding the border security, many companies are focusing in developing autonomous surveillance systems for improved efficiency and accuracy.


However, a range of challenges are associated with ANS adoption across numerous sectors such as government, military, commercial, and others. These are likely to hinder industry expansion to some extent.


Major Companies Enter Collaborations to Favor Footprint Expansion


Leading industry participants are centered on the adoption of a series of strategic initiatives. These steps are being adopted for strengthening the positions of their businesses. These comprise acquisitions, merger agreements, and the rollout of new solutions. Some of the additional steps include an escalation in research activities.


Key Industry Development



  • January 2023 – Gausium released its solutions at the CES 2023 event held in Las Vegas. At the event, the company showcased a range of models, unveiling GMind X, the company’s self-governing navigation software for the first time.


Key Players



  • Safran (France)

  • ABB (Switzerland)

  • L3Harris Technologies Inc. (U.S.)

  • Moog Inc. (U.S.)

  • Northrop Grumman Corporation (U.S.)

  • Elbit Systems Ltd (Israel)

  • BAE systems Plc. (U.S.)

  • Lockheed Martin Corporation (U.S.)

  • General Dynamics Corporation (U.S.)

  • Raytheon Technologies Corporation (U.S.)


Further Report Findings



  • Europe leads the autonomous navigation system market share and is anticipated to register substantial expansion throughout the forecast period. The rise is on account of the surging demand for automated transport and robust R&D capabilities.

  • The North America market is set to hold second largest share in the market over the estimated period. The expansion is due to The rise is on account of growing consumer preference and favorable government policies.

  • By system, the market is fragmented into navigation system, sensing system, processing system, and others. Of these, the navigation segment is set to record lucrative growth throughout the projected period. The escalation is due to the escalated demand for improved positioning and navigation in robots and autonomous vehicles.


Table of Segmentation























































ATTRIBUTE



DETAILS



Study Period



2019-2030



Base Year



2022



Estimated Year



2023



Forecast Period



2023-2030



Historical Period



2019-2021



Growth Rate



CAGR of  12.5% from 2023 to 2030



Unit



Value (USD Billion)



Segmentation



Platform, System, Application, and Geography



By Platform



  • Airborne

  • Land

  • Marine

  • Space

  • Weapons



By System



  • Sensing System

  • Navigation System

  • Processing System

  • Software System



By Application



  • Commercial

  • Military

  • Government


 



By Geography




  • North America (By Platform, System, Application, and Country)

    • U.S. (By Platform)

    • Canada (By Platform)



  • Europe (By Platform, System, Application, and Country)

    • U.K. (By Platform)

    • Germany (By Platform)

    • France (By Platform)

    • Russia (By Platform)

    • Rest of Europe (By Platform)



  • Asia-Pacific (By Platform, System, Application, and Country)

    • China (By Platform)

    • India (By Platform)

    • Japan (By Platform)

    • South Korea (By Platform)

    • Rest of Asia Pacific (By Platform)



  • Rest of the World (By Platform, System, Application, and Country)

    • Middle East & Africa (By Platform)

    • Latin America (By Platform)





 


 


 

Autonomous Navigation System Market
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