1 / 2

Raytheon (US), Northrop Grumman (US) and Safran (France) are leading players in Autonomous Navigation Market

The major driving factors for the autonomous navigation market are the adoption of autonomous robots for commercial and military purposes and the demand for autonomous robots in logistics.

Abhihole
Download Presentation

Raytheon (US), Northrop Grumman (US) and Safran (France) are leading players in Autonomous Navigation Market

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Autonomous Navigation Market: Competitive Dynamics & Global Outlook 2025 The autonomous navigation market size is expected to grow from USD 2.2 billion in 2018 to USD 13.5 billion by 2030, at a CAGR of 16.19% during the forecast period. The major driving factors for the autonomous navigation market are the adoption of autonomous robots for commercial and military purposes and the demand for autonomous robots in logistics. The major players in the autonomous navigation market include Raytheon (US), Thales (France), Northrop Grumman (US), Safran (France), and Honeywell International (US), among others. These players have adopted growth strategies such as new product contracts, collaborations, acquisitions, & agreements, to expand their presence autonomous market. Partnerships and new product have been the leading strategies adopted major players from 2016 launches, expansions in the navigation launches by to 2018, which helped them innovate on their offerings and broaden their customer base. To Get the PDF Brochure of Report on the above findings, click Download PDF Brochure Raytheon is the top player in the autonomous navigation market. The company has been focusing on the acquisition of small players to increase its product offerings as well as market share. The company has adopted several other strategies, such as partnerships, agreements, and the establishment of new manufacturing capabilities to strengthen its market position as well as ensure its future growth. Safran is a leading player in the autonomous navigation market. Innovation and unparalleled research & development activities of the company have enabled it to be one of the major players in this market.

  2. Northrop Grumman, another leading market player, conducts most of its business with the US government, principally with the US Department of Defense and the US intelligence community. The company is a leader in the development and manufacturing of both, fixed and rotary wing aircraft for military applications. Products offered by the company include partly autonomous unmanned aircraft and fully autonomous aircraft. The software segment to grow at a higher CAGR in the autonomous navigation market during the forecast period Based on solution, the software segment is estimated to lead the autonomous navigation market during advancements in technology, artificial intelligence has made most processes easy. Technologies like machine learning (ML) and computer vision are used to train computers to perform specific tasks by processing large volumes of data. AI is gaining momentum because of its ability to add intelligence to existing vehicles. Increasing demand for self-driving cars and autonomous drones is expected to drive the software segment in this market. the forecast period. With Increasing investment in autonomous aircraft is expected to drive the market for airborne autonomous navigation marketduring the forecast period Based on platform, the airborne platform segment of the autonomous navigation market is estimated to have the highest CAGR during the forecast period. The advancements within the military & government sector have led to more contracts and partnerships with the manufacturers of airborne systems. This will help this sector procure and utilize autonomous aircraft, autonomous weapons, and autonomous drones for special missions. Asia Pacific region shows the highest potential for implementation of autonomous aircraft The autonomous navigation market in the Asia Pacific region is expected to witness high growth during the forecast period. Increasing awareness about robotics is expected to drive the demand for autonomous systems in the Asia Pacific region. Don’t miss out on business opportunities in Autonomous Navigation Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

More Related