The Global Autonomous Navigation Market Size is expected to experience substantial growth backed by the growing demand for autonomous robots for several industrial applications such as healthcare, military & defense, and aerospace across the globe. This information is published by Fortune Business Insights, in its upcoming report, titled, “Autonomous Navigation Market Size, Share & Industry Analysis, By Solution (Software, Sensing System, Inertial Navigation System), By Platform Type (Space, Land, Marine, Airborne), By End-User (Military Operators, Commercial and Civil Operators) and Regional Forecast, 2019-2026.”
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COVID-19 Propels Demand for Advanced Autonomous Robots
The COVID-19 pandemic has led to unprecedented economic as well as human loss across the globe. To contain the widespread effect of the pandemic, the government agencies have imposed social distancing norms and advised to limit human to human contact. This has led to the surge in adoption of autonomous robots across several healthcare facilities. This is likely to contribute to the growth of the market during the forecast period.
Autonomous navigation enables a vehicle to chart its path and execute the instructions without any human intervention. The autonomous navigation system is a vital part of several industrial applications such as logistics, military & defense, and others that provide accurate and efficient trajectory to go through uncharted paths.
List of Key Companies Profiled in the Global Market for Autonomous Navigation:
- Raytheon (US)
- Thales (France)
- Northrop Grumman (US)
- Safran (France)
- Honeywell International (US)
- Moog Inc.(US)
- Collins Aerospace(U.S)
- General Dynamics (US)
- L3 Technologies Inc.
- Among others
What does the Report Include?
The market report includes a detailed assessment of various growth drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides a comprehensive research into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnerships, merger and acquisition, and collaborations adopted by the companies to maintain market stronghold between 2020 and 2027.
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Growing Demand for Autonomous Robots to Aid Growth
The emergence of modern technologies is driving the military & defense sector to adopt advanced autonomous systems. The defense forces are opting for advanced warfare techniques such as electronic warfare and network-centric warfare that is driving the demand for innovative autonomous navigation systems across the globe. Additionally, the surging demand for UAVs across industrial applications such as logistics, healthcare, and aerospace is anticipated to bode well for the global autonomous navigation market growth in the forthcoming years.
Increasing Adoption of UAVs in North America to Promote Growth
Among all the regions, North America is expected to remain dominant and hold the highest position in the global autonomous navigation market in the forthcoming years. This is attributable to the increasing adoption of UAVs in battlefield operation that is likely to propel the development of advanced autonomous navigation systems in the region.
The market in Asia-Pacific is anticipated to showcase substantial growth backed by the growing adoption of digitalization in military services in the region between 2020 and 2027.
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Prominent Companies Focus on Collaborations to Develop Advanced Autonomous Navigation System
The global autonomous navigation market is consolidated by the presence of major companies that are striving to maintain their stronghold by collaborating with other companies. Additionally, adoption of strategies such as the partnership, merger and acquisition, and facility expansion to develop advanced autonomous navigation systems is expected to boost the growth of the market in the forthcoming years.
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