Autonomous Navigation Market Scope
Autonomous navigation means that a vehicle or robot is able to plan its path and execute its plan without human intervention. In some circumstances, remote navigation aids are used in the planning process, while at other times the only information available to compute a path is based on input from sensors aboard the vehicle itself. An autonomous robot is one that not only can retain its own stability as it moves but also can plan its actions. Autonomous robots use navigation aids when possible but can also rely on auditory, visual, and olfactory cues. High Adoption of autonomous robots for commercial and military purposes is one of the key drivers fueling the growth of the market.
The market study is segmented, by Application (Commercial and Military & Government) and major geographies with country level break-up. According to AMA, the Global Autonomous Navigation market is expected to see growth rate of 16.05%
Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Autonomous Navigation market throughout the predicted period.
Rolls-Royce (United Kingdom), Kongsberg Gruppen (Norway), ABB (Switzerland), Trimble (United States), Furuno (Japan), Thales Group (France), General Dynamics (United States), Honeywell International (United States) and Rh Marine (Netherlands) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Safran (France), Northrop Grumman (United States), L3 Technologies (United States), Raytheon (United States), Rockwell Collins (United States) and Moog Inc. (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Global Autonomous Navigation market by Type, Application and Region.
On the basis of geography, the market of Autonomous Navigation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 21 Oct 2019, ABB signs a landmark contract with Singaporean shipyard Keppel Offshore & Marine to enable autonomous tug operation in 2020.
On 3 Dec 2018, Rolls-Royce and Finnish state-owned ferry operator Finferries have successfully demonstrated the world’s first fully autonomous ferry in the archipelago south of the city of Turku, Finland. The car ferry Falco used a combination of Rolls-Royce Ship Intelligence technologies to successfully navigate autonomously during its voyage between Parainen and Nauvo. The return journey was conducted under remote control.
- Application of Machine Learning to Autonomous Navigation
- Development of Sense and Avoid Systems in Autonomous Systems
- High Adoption of Autonomous Robots for Commercial and Military Purposes
- Demand for Autonomous Robots in Logistics is also propelling the Market Growth
- Initiatives for the Development of Autonomous Systems
- Autonomous Navigation Is One of the Main Enabling Technologies for Future Space Missions
- Lack of Required Infrastructure for Autonomous Systems in Developing Countries
- Vulnerability of Autonomous Systems to Cyber Threats Due to Automation
- Unclear Regulatory Framework for Autonomous Systems Use May Pose Major Challenge for the Market
Key Target AudienceAutonomous Navigation Companies, Autonomous Navigation Solution Providers, Potential Technology Investors, Regulatory & Government Bodies, End Users, Downstream Vendors and Others
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