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Autonomous Navigation Market Outlook to 2023 – Top Companies are RH Marine, Furuno Electric Co, Moog Inc, Safran, Kongsberg Group and Others

Autonomous navigation systems are systems that can change their behavior in real-time without manual intervention. Factors such as the growing adoption of autonomous robots for military and commercial purposes and increasing initiatives for the development of autonomous systems are propelling market growth.

The global autonomous navigation market is estimated to register a CAGR of nearly 16.03% during the forecast period of 2019 to 2024.

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Autonomous navigation systems offer numerous features such as GPS, 3D camera, and situational awareness that enable logistics companies to receive real-time location information about vehicles and assist in keeping track of the drivers. Hence, the growing demand for autonomous navigation systems in the logistics industry is bolstering market growth.

Key Players:

The key players in the global autonomous navigation market are ABB (US), Honeywell International Inc. (US), Raytheon Company (US), Northrop Grumman Corporation (US), Thales Group (France), Moog Inc. (US), Rolls-Royce (UK), Kongsberg Group (Norway), Trimble Inc. (US), Furuno Electric Co., Ltd (Japan), RH Marine (Netherlands), Safran (France), General Dynamics Corporation (US), L3 Technologies, Inc. (US), and Collins Aerospace (US).

Research Methodology:

The market values and forecast are derived using the MRFR research methodology, which includes secondary research, primary interviews, data triangulation, and validation from an in-house data repository and statistical modeling tools. 

Intended Audience:

• Autonomous navigation system manufacturers
• Law enforcement agencies
• Defense organizations
• Government authorities
• Defense companies
• Research institutes
• Regulatory bodies

Segmentation:

The global autonomous navigation market has been segmented based on solution, platform, application, and region.

On the basis of solution, the global autonomous navigation market has been segmented into processing unit, sensing system, and software. The sensing system segment is expected to account for the largest market share during the forecast period of 2019 to 2024.

On the basis of platform, the market has been segmented into airborne, land, marine, and space. The airborne segment dominated the market in 2018 and is expected to exhibit the highest CAGR during the forecast period.

Based on region, the global autonomous navigation market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is expected to hold the largest market share during the forecast period.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.

The MRFR team has the supreme objective to provide optimum quality market research and intelligence services to our clients.

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About Peter Ron

Peter is a Regular contributor to Tribune updates, he specializes in industry research, He also contributes to various online blogs

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