Portland, OR, Aug. 02, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global autonomous navigation market garnered $3.27 billion in 2021, and is estimated to generate $15.91 billion by 2031, manifesting a CAGR of 17.1% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.
Autonomous Navigation Market Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $3.27 billion |
| Market Size in 2031 | $15.91 billion |
| CAGR | 17.1% |
| No. of Pages in Report | 392 |
| Segments covered | Application, System, Platform, and Region. |
| Drivers | Increase in demand for sense & avoid systems in autonomous system |
| Rise in adoption of autonomous robots in commercial & military applications | |
| Surge in demand for real-time data in military applications | |
| Opportunities | Increase in demand for improved surveillance |
| Proactive government initiatives & support | |
| Restraints | Lack of standard infrastructure for operation of autonomous systems in developing countries |
| Privacy & security concerns related to data |
Covid-19 Scenario:
- The outbreak of the COVID-19 pandemic led to the…
