Autonomous Navigation System Market Size, Share, Growth, And Industry Analysis, By Type (Airborne Platform, Land Platform, Space Platform, Marine Platform and Weapon Platform), By Application (Commercial and Military & Government), Regional Forecast By 2032

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Autonomous Navigation System Market Report Overview

The global autonomous navigation system market size was USD 3.43 billion in 2023, & the market is expected to reach USD 13.81 billion by 2032, exhibiting a CAGR of 16.74% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with autonomous navigation system experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden decline in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over. 

A combat vehicle modification called the Autonomous Navigation System (ANS) is used to make already unmanned vehicles autonomous or to make manned vehicles autonomous. ANS was an on-board, integrated suite of sensors and technologies that gave unmanned ground vehicles the ability to travel on the battlefield with little to no human supervision by enabling autonomous navigation, perception, path-planning, and vehicle-following capabilities. Move-on-route, obstacle identification and avoidance, and leader/follower skills in both day and nighttime settings were some of the tasks the system has already demonstrated in tests. The ANS has been tested on a variety of vehicles, including Strykers, MULE Engineering Evaluation Units, and Light Medium Tactical Vehicles. The ANS was initially created by the Army for integration on the Armed Robotic Vehicle-Assault (Light) (ARV-A(L)) (LMTV).

This system integrates all of the key operations, from engine start and departure to landing and engine shut-down, and accommodates navigation and performance with aircraft system operations. In addition, the NextGen flight navigation system is anticipated to solve aircraft future problems. The market for aircraft navigation systems is anticipated to expand quickly and at a consistent rate. On the other hand, the market is predicted to offer enormous, plentiful opportunities in the long run. The primary element fueling the expansion of this market is the industry's technological development.

COVID-19 Impact: Pandemic Induced Government Restrictions to Fuel Market Growth

Due to mandatory lockdowns and other restrictions set by the relevant regulating bodies in the wake of the recent COVID-19 outbreak, the activities of various industries have either been temporarily suspended or are running with small personnel. Similar to other markets, the worldwide autonomous navigation market is expected to have a significant decline in revenue growth as a result of this aspect. Another aspect that could limit the revenue growth of the global Autonomous Navigation market during this projection period is the high expenses related to the installation and maintenance of these devices.

Latest Trends

"Flight Navigation System to Provide Impetus to the Market"

A system that offers the navigation and automation required for an airplane to be controlled without human involvement is known as an autopilot flight navigation system (FNS). By automating parts of the pilots' tasks, it supports their efforts. While following at least one route step delineated by waypoints, the FNS is capable of carrying out duties including maintaining or increasing altitude, speed, vertical rate of ascent/descent, and other operations.

Autonomous Navigation System Market Segmentation

• By Type Analysis

According to type, the market can be segmented into airborne platform, land platform, space platform, marine platform and weapon platform.

In terms of product, airborne platform is the largest segment.

• By Application Analysis

Based on application, the market can be divided into commercial and military and government.

In terms of application, military and government is the largest segment.

Driving Factors

"Support Provided by the Technology in Calamities to Enhance Market Performance"

In disaster relief and search and rescue operations around the world, GPS has taken on a crucial role. The monitoring and management of forest fires is an important component of disaster relief. In order to identify "problem regions" and burn boundaries in woods, airplanes combine GPS with infrared sensors. Even in daily life, GPS technology is used by taxi, auto rental, logistics, and other industries to track, dispatch, and manage vehicles, distribute them fairly, and respond quickly to user requests for rides or deliveries while using less energy and operating money. The use of GPS is crucial for automobile navigation.

"Reduced Congestion with the Help of the System to Uplift Market Profile"

Even in the absence of bottlenecks, lane changes, merges, or other obstructions, human drivers frequently cause stop-and-go traffic. Researchers discovered that by regulating the speed of the autonomous car in the study, they were able to improve the traffic flow for all the cars, a phenomenon known as the "phantom traffic jam." Because traffic incidents can account for up to 25% of congestion, even reducing the number of accidents could improve congestion. Autonomous navigation systems have both lowered congestion and the number of accidents.

Restraining Factors

"Unavailability of the System to General Public to Impede Market Expansion"

Because of the newly developed automobile technology's unproven safety record, a problem regarding the control and trust issues of the new technology itself has surfaced among the general public. This may be the cause of why people will not feel comfortable with it, especially when using it on a regular basis in their daily lives. People continue to hold some common misconceptions, such as the idea that giving a machine complete control over a vehicle could be risky. Since the general people's perception of the new technology of autonomous vehicles (AV) is still in the grey area of ambiguity, the newly developed autonomous vehicles (AV) are still not yet available for the general public to use on a regular basis. This is anticipated to constraint autonomous navigation system market growth.

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Autonomous Navigation System Market Regional Insights

"North America to Dominate the Market Due to Presence of High-End Technologies"

North America has the largest autonomous navigation system market share in terms of value due to the presence of key service providers in this region and the early adoption of high-end technologies in autonomous services. A surge in demand for military defense in the defense system and commercial industries is another factor driving the local market. The market for autonomous vehicles in North America, which accounts for a sizeable share of the sector there, is important.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Agreements, partnerships, mergers, acquisitions, joint ventures, collaborations, and the introduction of new products are just a few of the autonomous navigation system market strategies that major players have adopted to boost their market share and broaden their global footprint. Companies have been encouraged to adopt these growth strategies by the rising demand for improved fuel management systems that is correlated with rapid expansion in emerging economies. Leading market players are concentrating on releasing new, cutting-edge items in order to access new markets.

LIST OF TOP AUTONOMOUS NAVIGATION SYSTEM COMPANIES

• Safran (France)
• Northrop Grumman (U.S.)
• Kongsberg Gruppen (U.S.)
• L3 Technologies (U.S.)
• Thales (France)
• General Dynamics (U.S.)
• Honeywell International (U.S.)
• Raytheon (U.S.)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.