Europe Autonomous Navigation Market

Market Introduction

Unmanned aerial vehicles (UAV) have been designed and developed for military and civilian applications. . At present, the defense industry is considered a prime market for UAVs and is expected to be a major industry for the adoption of UAVs in coming days. These vehicles are widely used for fighter combat, surveillance, aircraft carrier operations, stealth missions, and military communications applications. The drone technology is interdisciplinary with the integration of aerospace structures, telemetry, electronics, and other components. The production of UAVs requires a substantial number of electronic components for data recording and transmission applications, and also for avionic functions. Similarly, the adoption of automated guided vehicle (AGVs) across warehouses to automate the overall operation and reduce the manpower is boosting the integration of autonomous navigation. Moreover, marine sector in Europe is also investing robustly for procuring unmanned underwater vehicles (UUV), which is used for seafloor mapping, digital cameras, ultrasonic imaging, bathymetry, and magnetic sensors. All these factors are anticipated to propel the adoption of autonomous navigation technology across military, transportation & logistics, and marine sector. These factors are further anticipated to drive the Europe autonomous navigation market.

The ongoing COVID-19 pandemic has severely impact the European countries. Spain, Italy, Germany, the UK, and France are among the worst-affected member states in Europe. Businesses in the region are facing severe financial difficulties as they either had to suspend their operations or reduce their activities in a substantial manner. Due to business lockdowns, travel bans, and supply chain disruptions, the region has seen an economic slowdown in 2020 and is most likely to witness in 2021. The entire region is heavily hit by the COVID-19 outbreak, which has resulted in temporary closure of tech giants and many industrial sectors. This closure has obstructed the investment decision of several companies on different software. The region is a major manufacturing and industrial hub for various industries such as machinery equipment, manufacturing, and logistics. However, due to business lockdowns, travel bans, and supply chain disruptions, the region has witnessed decline in activities in aforementioned industries, resulting in lesser development of autonomous technologies and systems.

Market Overview and Dynamics

The autonomous navigation market in Europe is expected to grow from US$ 138.3 million in 2019 to US$ 243.4 million by 2027; it is estimated to grow at a CAGR of 9.3% from 2020 to 2027. In the new era of fueling technologies, the emergence of big data would prove to be a game-changer for shipping, logistics, military, and other end users of autonomous navigation. The scope of autonomous systems, such as self-driving cars and drones, is anticipated to positively impact individuals' daily lives. Assured navigation is anticipated to be a key enabler for emerging applications of autonomous systems such as cars and drones. Various initiatives have been taken to develop assured AI-based navigation solution for UAVs that enables reliable operation in safety-critical missions in case satellite navigation such as GNSS and GPS are not available. Moreover, autonomous navigation systems offer resilience during pandemics and disasters.

Key Market Segments

In terms of solution, the sensing system segment accounted for the largest share of the Europe autonomous navigation market in 2019. In terms of application, the commercial segment held a larger market share of the Europe autonomous navigation market in 2019. Further, AGVs segment held a larger share of the market based on vehicle type in 2019. Also, on the basis of platform, land segment held largest market share in 2019.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the autonomous navigation market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are BlueBotics SA; Brain Corporation; Collins Aerospace, a Raytheon Technologies Corporation Company; FURUNO ELECTRIC CO., LTD.; KINEXON; Kollmorgen; KONGSBERG; Trimble Inc.

Reasons to buy report

• To understand the Europe autonomous navigation market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe autonomous navigation market
• Efficiently plan M&A and partnership deals in Europe autonomous navigation market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe autonomous navigation market
• Obtain market revenue forecast for market by various segments from 2020-2027 in Europe region.

Europe Autonomous navigation Market Segmentation

Europe Autonomous navigation Market - By Solution

• Sensing System
• Navigation System
• Processing Unit
• Software

Europe Autonomous navigation Market - By Application

• Commercial
• Defense

Europe Autonomous navigation Market - By Vehicle Type

• AGVs
• Mobile Robots
• UUVs
• Drones
• Others

Europe Autonomous navigation Market – By Platform

• Land
• Marine
• Space

Europe Autonomous navigation Market - By Country

• Germany
• France
• Italy
• United Kingdom
• Russia
• Rest of Europe

Europe Autonomous navigation Market - Company Profiles

• BlueBotics SA
• Brain Corporation
• Collins Aerospace, a Raytheon Technologies Corporation Company
• FURUNO ELECTRIC CO., LTD
• KINEXON
• Kollmorgen
• KONGSBERG
• Trimble Inc.   

Europe Autonomous Navigation Market Strategic Insights

Europe Autonomous Navigation Market Segmentation Analysis

Europe Autonomous Navigation Market Report Highlights

Europe Autonomous Navigation Report Scope

Europe Autonomous Navigation Market Country and Regional Insights