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.

The software segment to grow at a higher CAGR in the autonomous navigation market during the forecast period

Based on solution, the software segment is estimated to lead the autonomous navigation market during the forecast period. With advancements in technology, artificial intelligence has made most processes easy. Technologies like machine learning (ML) and computer vision are used to train computers to perform specific tasks by processing large volumes of data. AI is gaining momentum because of its ability to add intelligence to existing vehicles. Increasing demand for self-driving cars and autonomous drones is expected to drive the software segment in this market.

Increasing investment in autonomous aircraft is expected to drive the market for airborne autonomous navigation market during the forecast period

Based on platform, the airborne platform segment of the autonomous navigation market is estimated to have the highest CAGR during the forecast period. The advancements within the military & government sector have led to more contracts and partnerships with the manufacturers of airborne systems. This will help this sector procure and utilize autonomous aircraft, autonomous weapons, and autonomous drones for special missions.

Asia Pacific region shows the highest potential for implementation of autonomous aircraft

The autonomous navigation market in the Asia Pacific region is expected to witness high growth during the forecast period. Increasing awareness about robotics is expected to drive the demand for autonomous systems in the Asia Pacific region. Price is a major factor restraining the adoption of autonomous systems. However, with the increase in demand and reduction in prices of major components such as sensors and processors, the market for autonomous navigation has a promising future in this region.

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