Autonomous Navigation Market

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

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 launches, contracts, collaborations, acquisitions, expansions & agreements, to expand their presence in the autonomous navigation market. Partnerships and new product launches have been the leading strategies adopted by major players from 2016 to 2018, which helped them innovate on their offerings and broaden their customer base.

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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.

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.

Related Reports:

Autonomous Navigation Market by Solution (Sensing System, Software, Processing Unit), Platform (Airborne, Land, Space, Marine, Weapon), Application (Commercial, Military & Government), and Region - Global Forecast to 2030

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Report Code
AS 6972
RI Published ON
3/8/2019
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