The autonomous navigation market in North America is projected to grow from US$ 106.5 million in 2019 to US$ 199.9 million by 2027, reflecting a CAGR of 10.2% from 2020 to 2027. The increasing demand for autonomous technology is driven by the need to enhance productivity, particularly in response to an aging workforce across industries.
Market Drivers and Challenges
The COVID-19 pandemic has further accelerated the adoption of autonomous technologies as businesses seek resilient and contactless solutions to maintain operations. However, the integration and deployment of autonomous systems present several challenges:
- Infrastructure Requirements: Implementing autonomous technology requires significant infrastructure upgrades.
- Time-Intensive Testing: Newly integrated systems must undergo extensive trials before commercialization, increasing overall costs.
- Workforce Training: Employees require training to operate automated systems, further adding to the total investment.
- Transition Complexity: Upgrading from manual to automated systems is a time-consuming process for both producers and customers, which can slow market adoption.
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Key Market Segments
- Solution: The sensing system segment held the largest market share in 2019.
- Application: The commercial segment dominated the market in 2019.
- Vehicle Type: The AGVs (Automated Guided Vehicles) segment accounted for the largest share in 2019.
- Platform: The land segment held the highest market share in 2019.
Major Companies in the Market
Several key players are shaping the North American autonomous navigation market, including:
- Autonomous Solutions, Inc.
- Brain Corporation
- Collins Aerospace (Raytheon Technologies Corporation)
- FURUNO ELECTRIC CO., LTD.
- KINEXON
- Kollmorgen
- KONGSBERG
- Trimble Inc.
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- North America Autonomous Navigation Strategic Insights
Strategic insights for the North America Autonomous Navigation provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America Autonomous navigation Market – By Solution
| Category | Segments |
| By Solution | Sensing System, Navigation System, Processing Unit, Software |
| By Application | Commercial, Defense |
| By Vehicle Type | AGVs, Mobile Robots, UUVs, Drones, Others |
| By Platform | Land, Marine, Space |
| By Country | US, Canada, Mexico |
| Company Profiles | Autonomous Solutions, Inc., Brain Corporation, Collins Aerospace, a Raytheon Technologies Corporation Company, FURUNO ELECTRIC CO., LTD, KINEXON, Kollmorgen, KONGSBERG, Trimble Inc. |
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Authorโs Bio:
Akshay
Senior Market Research Expert at Business Market Insights
