The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

High demand for robots are expected to drive innovation in autonomous navigation manufacturing, thus driving the market during the forecast period.

The global autonomous navigation market is expected to grow from $3.73 billion in 2022 to $4.44 billion in 2023 at a compound annual growth rate (CAGR) of 19.2%. The autonomous navigation market size is expected to grow to $8.87 billion in 2027 at a CAGR of 18.8%.

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Global Autonomous Navigation Market Segments Include:

• By Solution: Sensing System, Software, Processing Unit
• By Platform: Airborne, Land, Space, Marine, Weapon
• By Application: Commercial, Military and Government
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global autonomous navigation market in 2021.

Major Market Players in the autonomous navigation market include Honeywell International Inc., Thales Group, Raytheon Company, Northrop Grumman Corporation, Furuno Electric Co Ltd., Moog Inc.

Technological advancement is a key trend gaining popularity in the autonomous navigation market. The autonomous navigation systems market is witnessing the implementation of advanced technologies such as deep learning, CNN algorithms for image processing, and pattern recognition. These systems often include a collection of sensors/detectors (such as radar, LIDAR, passive video cameras, and others) that provide input to CNNs. Major companies operating in the market are focused on advancing their technologies to sustain their position in the autonomous navigation market. For instance, in December 2021, Sea Machines Robotics Inc., a US-based autonomous control system company, launched JETsense, which uses autonomous navigation, multi-sensor fusion, and computer vision to propel waterjet watercraft to the forefront of navigation and usefulness. JETsense employs artificial intelligence (AI) and improved autonomy to perceive the domain and retain exact control of steering and speed during a journey, as well as re-route to avoid traffic and impediments, while also providing a new level of streaming data to optimize on-water operations.

The Autonomous Navigation Global Market Report 2023  provides a autonomous navigation market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The autonomous navigation market forecast analyzes autonomous navigation market size, autonomous navigation market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Autonomous navigation means an ability of a vehicle or rover to design its route and execute it out without human involvement. The purpose of autonomous navigation or guidance is to regulate the vehicle trajectory to maintain it at a constant distance from the adjacent travel line or to arrange the strip side by side under conditions that do not overlap or have gaps.

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