South America Autonomous Navigation Market

Market Introduction

The region’s major industries, where the demand for inspection drones, generate enormous opportunities for the autonomous navigation market for its application across mining and agriculture. For mining, the drones can be utilized to help operators perform volumetric measurements. With the help of an autonomous navigation system, the drone platform manages to measure considerable distances compared to terrestrial methods and make quicker calculations of extracted material volume. This makes it efficient for mining, taking photos, monitoring all soil movement, and calculating volumes. According to the study conducted by the Association for the Conservation of the Amazon Basin (ACCA) and the Office of the Special Prosecutor for Environmental Matters (FEMA) of Peru, the application of UAVs is vital to attain insights on numerous criminal activities that compromise the environment and communities in the Amazon basin. Brazilian government uses UAVs for surveillance purposes in areas with high crime rates. Brazil is a leading adopter of military UAVs in SAM for military purposes. Embraer Air Corporation is monitoring the UAV development processes in Brazil. Such initiative is boosting the demand for autonomous navigation in the region.  Also, Various AI technologies coming together for growing navigation effectiveness is driving the SAM autonomous navigation market.  

SAM is severely affected by the COVID-19 pandemic. In SAM, Brazil reported the highest number of COVID-19 confirmed cases, followed by Ecuador, Peru, Chile, Argentina, and others. Governments in SAM are taking several initiatives, such as lockdowns, trade bans, and travel restrictions, to protect people and control the spread of COVID-19 in the region. These measures are expected to have a direct impact on the region’s economic growth due to lower export revenues from the drop in commodity prices and reduction in export volumes, especially to major trading partners. The sharp decline in the sales of the logistics industry and halt in vehicle production in the region due to lockdown measures is expected to directly impact the growth of the SAM autonomous navigation market.

Market Overview and Dynamics

The autonomous navigation market in SAM is expected to grow from US$ 41.3 million in 2019 to US$ 69.4 million by 2027; it is estimated to grow at a CAGR of 8.6% from 2020 to 2027. With growing industrial economies, the industries are integrating advanced technologies in their business process to optimize productivity. With a growing young and aging working population in industries, the need to incorporate autonomous technologies in the industrial sector is rising, intending to provide products on time. Therefore, industries such as logistics are inclined toward automation to develop automated guided vehicles (AVGs) for time management, accuracy, and productivity. With advancements in robotic technologies, the industrial sector, including logistics, is deploying automation to boost production quality with a better time management aspect.

Key Market Segments

In terms of solution, the sensing system segment accounted for the largest share of the SAM autonomous navigation market in 2019. In terms of application, the commercial segment held a larger market share of the SAM 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 SAM are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Collins Aerospace, a Raytheon Technologies Corporation Company; FURUNO ELECTRIC CO., LTD.; Kollmorgen; KONGSBERG; Trimble Inc.

Reasons to buy report

• To understand the SAM 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 SAM autonomous navigation market
• Efficiently plan M&A and partnership deals in SAM 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 SAM autonomous navigation market
• Obtain market revenue forecast for market by various segments from 2020-2027 in SAM region.

SAM Autonomous navigation Market Segmentation

SAM Autonomous navigation Market - By Solution

• Sensing System
• Navigation System
• Processing Unit
• Software

SAM Autonomous navigation Market - By Application

• Commercial
• Defense

SAM Autonomous navigation Market - By Vehicle Type

• AGVs
• Mobile Robots
• UUVs
• Drones
• Others

SAM Autonomous navigation Market – By Platform

• Land
• Marine
• Space

SAM Autonomous navigation Market - By Country

• Brazil
• Rest of SAM

SAM Autonomous navigation Market - Company Profiles

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

South America Autonomous Navigation Market Strategic Insights

South America Autonomous Navigation Market Segmentation Analysis

South America Autonomous Navigation Market Report Highlights

South America Autonomous Navigation Report Scope

South America Autonomous Navigation Market Country and Regional Insights