16 June 2025, 03:57 PM
According to Fortune Business Insights™, the global autonomous navigation market was valued at USD 3,530.8 million in 2024 and is projected to grow from USD 3,958.4 million in 2025 to USD 9,398.7 million by 2032, exhibiting a compound annual growth rate (CAGR) of 13.1% during the forecast period.
This information is provided by Fortune Business Insights™ in its research report, titled “Autonomous Vehicle Market, 2025-2032”.
List of Key Players Mentioned in the Report:
https://www.fortunebusinessinsights.com/...ket-101796
Segmentation:
Airborne Segment to Register Appreciable Growth Impelled by Rising Applications in UAVs
By platform, the market is fragmented into space, marine, land, airborne, and weapons. The airborne segment is anticipated to be the fastest growing part of the segment during the forecast period. The expansion is driven by the advantages of reduced fuel consumption and the optimization of flight paths.
Navigation Segment to Record Substantial Expansion Driven by Escalated Demand for Enhanced Accuracy
On the basis of system, the market for autonomous navigation systems is categorized into processing system, sensing system, software system, and navigation system. The navigation system segment is set to dominate the market over the estimated period. The rise can be credited to the growing demand for enhanced positioning and navigation used in autonomous robots and vehicles.
Military Segment to Gain Traction Considering the Escalated Need for Enhanced Intelligence
Based on application, the market is classified into government, commercial, and military. The military segment is slated to register remarkable expansion over the study period. The escalation is driven by the advantages of enhanced situational awareness.
By geography, the market for autonomous navigation systems has been analyzed across North America, Asia Pacific, Europe, and the rest of the world.
Report Coverage:
The report provides an analysis of the major trends propelling the global business scenario throughout the forecast period. It also presents an overview of the significant factors driving industry growth over the projected period. Some of the additional aspects comprise an increase in the adoption of merger agreements, partnerships, and the launch of new solutions by major industry participants.
Drivers and Restraints:
Market Share to Surge Considering an Increase in Investments by Government Bodies
Autonomous navigation system market growth is being propelled by the escalating product usage across an array of industries. These include military, robotics, automobile, and others. In addition, the governments of numerous economies are promoting the testing and development of these systems.
However, the industry expansion could be affected by an increase in data privacy and cybersecurity issues across various regions.
This information is provided by Fortune Business Insights™ in its research report, titled “Autonomous Vehicle Market, 2025-2032”.
List of Key Players Mentioned in the Report:
- Safran (France)
- ABB (Switzerland)
- L3Harris Technologies Inc. (U.S.)
- Moog Inc. (U.S.)
- Northrop Grumman Corporation (U.S.)
- Elbit Systems Ltd (Israel)
- BAE systems Plc. (U.S.)
- Lockheed Martin Corporation (U.S.)
- General Dynamics Corporation (U.S.)
- Raytheon Technologies Corporation (U.S.)
https://www.fortunebusinessinsights.com/...ket-101796
Segmentation:
Airborne Segment to Register Appreciable Growth Impelled by Rising Applications in UAVs
By platform, the market is fragmented into space, marine, land, airborne, and weapons. The airborne segment is anticipated to be the fastest growing part of the segment during the forecast period. The expansion is driven by the advantages of reduced fuel consumption and the optimization of flight paths.
Navigation Segment to Record Substantial Expansion Driven by Escalated Demand for Enhanced Accuracy
On the basis of system, the market for autonomous navigation systems is categorized into processing system, sensing system, software system, and navigation system. The navigation system segment is set to dominate the market over the estimated period. The rise can be credited to the growing demand for enhanced positioning and navigation used in autonomous robots and vehicles.
Military Segment to Gain Traction Considering the Escalated Need for Enhanced Intelligence
Based on application, the market is classified into government, commercial, and military. The military segment is slated to register remarkable expansion over the study period. The escalation is driven by the advantages of enhanced situational awareness.
By geography, the market for autonomous navigation systems has been analyzed across North America, Asia Pacific, Europe, and the rest of the world.
Report Coverage:
The report provides an analysis of the major trends propelling the global business scenario throughout the forecast period. It also presents an overview of the significant factors driving industry growth over the projected period. Some of the additional aspects comprise an increase in the adoption of merger agreements, partnerships, and the launch of new solutions by major industry participants.
Drivers and Restraints:
Market Share to Surge Considering an Increase in Investments by Government Bodies
Autonomous navigation system market growth is being propelled by the escalating product usage across an array of industries. These include military, robotics, automobile, and others. In addition, the governments of numerous economies are promoting the testing and development of these systems.
However, the industry expansion could be affected by an increase in data privacy and cybersecurity issues across various regions.