The market for autonomous navigation is estimated to be USD 6.0 billion in 2023 and is projected to reach USD 12.9 billion by 2028, at a CAGR of 16.4% during the forecast period. The growth of autonomous navigation market is expected to grow significantly due to advanced sense and avoid systems in unmanned vehicles and improved safety & efficiency with autonomous navigation technology
Major manufacturers in this market are based in North America and Europe. Raytheon Technologies Corporation (US), Thales Group (France), Northrop Grumman Corporation (US), Safran SA (France), and Honeywell International Inc. (US) are among the key manufacturers in the autonomous navigation market. Collaborations, product launches, contracts, and partnerships were the key growth strategies the leading market players adopted from 2020 to 2023. Of these, product launches and contract strategies were the most widely adopted by the players to remain competitive in the market.
To know about the assumptions considered for the study download the pdf brochure
Raytheon Technologies Corporation
Raytheon Technologies Corporation (US) provides high-end technology products and services to the aerospace and building industries worldwide. It was formed by the merger of Raytheon Company and United Technologies Corporation (UTC) in April 2020. The company operates through four main business segments: Raytheon Missiles & Defense, Collins Aerospace, Raytheon Intelligence & Space, and Pratt & Whitney. The company is a global provider of advanced technology products and services for aerospace, defense, and other industries. It is involved in various areas related to autonomous navigation in the aerospace and defense sectors. By leveraging its capabilities, the company aims to enhance the autonomy, safety, and effectiveness of various platforms and systems in both commercial and military applications.
Thales Group (France) is a French company that manufactures and sells electronic equipment and systems for the aeronautics, naval, and defense sectors. The company operates in four main segments: Aerospace, Defense and Security, Digital Identity and Security, and Others. The Aerospace segment develops onboard systems, solutions, and services for commercial airlines and defense customers. The Defense and Security segment offers secure communication and information systems, land and air systems, and defense mission systems for armed and security forces. Thales Group has a strong presence in the field of autonomous navigation, focusing on the development and integration of cutting-edge technologies. Its operations in autonomous navigation encompass the design and manufacturing of autonomous systems, sensors, communication systems, and command and control solutions. The company’s expertise in this area enables it to provide solutions for autonomous vehicles, unmanned systems, and advanced navigation systems that enhance safety, efficiency, and situational awareness across different industries and domains.
Northrop Grumman Corporation
Northrop Grumman Corporation (US) is a global aerospace and defense technology company headquartered in Falls Church, Virginia, US. The company operates in several segments and is known for its expertise in advanced technologies, including autonomous systems. Its operations span various areas, including Aeronautics Systems, Space Systems, Mission Systems, and Defense Systems. The company’s focus on autonomous navigation is evident through its development of unmanned systems, advanced sensors, and integrated solutions that contribute to autonomous capabilities in the air, on land, and in space. The company is at the forefront of innovation in autonomous technologies, working on projects such as autonomous aircraft, unmanned vehicles, and autonomous space systems to enhance mission effectiveness, improve safety, and support a wide range of applications in commercial and defense sectors.
Honeywell International Inc.
Honeywell International Inc. (Honeywell) (US) is a leading technology company that delivers solutions for various industries. The company offers aerospace products & services, control technologies for buildings and industry, and performance materials globally. It operates mainly through four segments: Aerospace, Honeywell Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. Over the years, the company has grown into a Fortune 100 company with a global presence and a diverse portfolio of products and services. Honeywell’s expertise in aerospace, navigation, and automation technologies positions the company to contribute to the development and advancement of autonomous navigation systems in various industries. By leveraging its capabilities, the company aims to enhance safety, efficiency, and productivity in autonomous transportation and navigation applications.
Safran SA (France) provides solutions and services in the fields of aerospace, defense, and security. The company is headquartered in Paris, France, and operates in over 60 countries around the world. Safran designs develops, manufactures, and markets optronic, avionic, and electronic solutions and services and critical software for civil & defense applications. The company majorly operates through its four business segments: Propulsion, Equipment & Defense, Aircraft Interiors, and Holding Company & Others. Safran Electronics & Defense, a subsidiary of Safran, is mainly involved in the development of autonomous solutions for commercial and military applications. Safran Electronics & Defense specializes in designing, developing, and manufacturing advanced systems and equipment for various applications, including aircraft engines and systems, navigation systems, avionics, optronics, defense and security equipment, and space systems.
Safran’s expertise in autonomous navigation spans across multiple domains, including aviation, maritime, and space. The company offers a diverse portfolio of products and systems that enhance navigation accuracy, improve situational awareness, and enable autonomous operations. These solutions include flight control systems, inertial navigation systems, autonomous vehicle guidance systems, and space navigation systems. The company’s autonomous navigation solutions are designed to meet the stringent requirements of both commercial and military applications. Whether it is improving the efficiency and safety of commercial aircraft, enhancing the capabilities of unmanned systems, or supporting critical missions in the defense sector, Safran’s autonomous navigation technologies play a vital role in enabling autonomous operations and ensuring mission success. By leveraging its deep expertise in aerospace and defense, Safran continues to drive advancements in autonomous navigation, pushing the boundaries of what is possible in terms of precision, reliability, and autonomy. With a commitment to technological innovation and customer satisfaction, Safran remains at the forefront of delivering state-of-the-art autonomous navigation solutions to meet the evolving needs of the industry.
Autonomous Navigation Market by Solution (Hardware, and Software), Platform (Airborne (Autonomous Aircraft, Autonomous Drones), Land, Marine, Space, Weapons), Application (Commercial, Military & Government), Region – Global Forecast to 2028
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.SEND ME A FREE SAMPLE