UAV Navigation Systems Market Size
| Study Period | 2018 - 2028 |
| Base Year For Estimation | 2021 |
| Forecast Data Period | 2024 - 2028 |
| CAGR | > 18.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
UAV Navigation Systems Market Analysis
The UAV Navigation Systems Market is projected to grow with a CAGR of more than 18% during the forecast period.
- The increasing proliferation of UAVs in both Civil and Military applications is the main growth driver for the market
- Advancements in electronic warfare have necessitated the adoption of autonomous capabilities in drones, which, in turn, is propelling technological developments in the market.
- Miniaturization of electronics has played a key role in the development of advanced navigation and guidance systems without adding much overall weight to the UAVs.
UAV Navigation Systems Market Trends
This section covers the major market trends shaping the UAV Navigation Systems Market according to our research experts:
Military Segment is Expected to Register the Highest Market Share in 2019
In terms of application, the military segment has a higher market share in the UAV navigation systems market compared to the civil and commercial segment. The main reason for the higher share of the segment is the increased proliferation of the UAVs into the military sector, due to their enhanced capabilities in providing situational awareness to the ground troops. In the UAV market, the revenues from the military segment comprise more than 80% of the market, which gives a glimpse of how much the segment dominates the global UAV industry. Compared to the civil and commercial segment, the UAVs in the military require better maneuvering capabilities with precision navigation and guidance, as they need to perform complicated tactical missions, which is the main reason for the high cost of the navigation systems in military UAVs. Also, the increased autonomous capabilities of the UAVs in the military are demanding complex system-level architecture of the navigation systems in the UAVs, thereby increasing their market revenues and supporting the growth of the segment.
North America is Anticipated to Account for a Major Share in the Market in 2019
Currently, North America holds the highest market share in the UAV Navigation Systems Market, due to the high usage of UAVs by the defense forces in the United States. UAVs are increasingly being used in North America for various applications including aerial photography, border security, law enforcement, weather research, emergency response, forest fire monitoring, scientific data collection, logistics and last-mile delivery, and traffic monitoring and control. However, the military segment remains the biggest demand generator for the UAVs in North America, as the United States military procures and operates a large number of UAVs every year. With the increasing UAV usage, the demand for UAV subsystems like the navigation systems is increasing in the region. This, coupled with the presence of a large number of UAV manufacturers in the region, is the main reason for the high market share of North America in the UAV navigation systems market.
UAV Navigation Systems Industry Overview
Some of the prominent players in the market include Hexagon AB, SBG Systems, DJI, Collins Aerospace (United Technologies Corporation), UAV Navigation, among others. As the products in the market range from small GPS systems of a small drone to the complete navigation system of the class 5 UAV, a large diversity of the products means that there will be a lot of small to big players in the market. However, there are very few acclaimed players in the market providing complete navigation and guidance systems to the major UAV manufacturers, whose revenues comprise a large percentage of the market share. Technological innovations will help the players to gather new contracts, especially with the military customers who dominate the customer base. For military customers, advanced navigation and guidance capabilities are necessary, as they give the armed forces a competitive edge on the battlefield. Hence, defense forces are willing to trade huge amounts for innovative products in the market, which is an opportunity of growth for the players.
UAV Navigation Systems Market Leaders
Hexagon AB
SBG Systems
UAV Navigation
DJI
Collins Aerospace (United Technologies Corporation)
*Disclaimer: Major Players sorted in no particular order
UAV Navigation Systems Market Report - Table of Contents
-
1. INTRODUCTION
-
1.1 Study Assumptions
-
1.2 Scope of the Study
-
-
2. RESEARCH METHODOLOGY
-
3. EXECUTIVE SUMMARY
-
4. MARKET DYNAMICS
-
4.1 Market Overview
-
4.2 Market Drivers
-
4.3 Market Restraints
-
4.4 Industry Attractiveness - Porter's Five Forces Analysis
-
4.4.1 Threat of New Entrants
-
4.4.2 Bargaining Power of Buyers/Consumers
-
4.4.3 Bargaining Power of Suppliers
-
4.4.4 Threat of Substitute Products
-
4.4.5 Intensity of Competitive Rivalry
-
-
-
5. MARKET SEGMENTATION
-
5.1 UAV Type
-
5.1.1 Autonomous UAVs
-
5.1.2 Semi-Autonomous UAVs
-
5.1.3 Remotely (Human) Operated UAVs
-
-
5.2 Application
-
5.2.1 Civil and Commercial
-
5.2.2 Military
-
-
5.3 Geography
-
5.3.1 North America
-
5.3.1.1 United States
-
5.3.1.2 Canada
-
-
5.3.2 Europe
-
5.3.2.1 United Kingdom
-
5.3.2.2 Germany
-
5.3.2.3 France
-
5.3.2.4 Rest of Europe
-
-
5.3.3 Asia-Pacific
-
5.3.3.1 China
-
5.3.3.2 India
-
5.3.3.3 Japan
-
5.3.3.4 Rest of Asia-Pacific
-
-
5.3.4 Latin America
-
5.3.4.1 Mexico
-
5.3.4.2 Brazil
-
5.3.4.3 Rest of Latin America
-
-
5.3.5 Middle-East and Africa
-
5.3.5.1 Saudi Arabia
-
5.3.5.2 United Arab Emirates
-
5.3.5.3 Egypt
-
5.3.5.4 Rest of Middle-East and Africa
-
-
-
-
6. COMPETITIVE LANDSCAPE
-
6.1 Vendor Market Share
-
6.2 Company Profiles
-
6.2.1 Hexagon AB
-
6.2.2 SBG Systems
-
6.2.3 UAV Navigation
-
6.2.4 DJI
-
6.2.5 Collins Aerospace (United Technologies Corporation)
-
6.2.6 AeroVironment Inc.
-
6.2.7 Honeywell International Inc.
-
6.2.8 BAE Systems plc
-
6.2.9 Cobham PLC
-
6.2.10 L3 Harris Technologies, Inc.
-
-
-
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
UAV Navigation Systems Industry Segmentation
The navigation systems in the UAV enable the controlling of the flight parameters like the geographical position and the altitude of the UAV with the help of the flight management systems and embedded data link systems. The market study covers the following aspects of the UAV Navigation Systems.
| UAV Type | |
| Autonomous UAVs | |
| Semi-Autonomous UAVs | |
| Remotely (Human) Operated UAVs |
| Application | |
| Civil and Commercial | |
| Military |
| Geography | ||||||
| ||||||
| ||||||
| ||||||
| ||||||
|
UAV Navigation Systems Market Research FAQs
What is the current UAV Navigation Systems Market size?
The UAV Navigation Systems Market is projected to register a CAGR of greater than 18% during the forecast period (2023-2028).
Who are the key players in UAV Navigation Systems Market?
Hexagon AB, SBG Systems, UAV Navigation, DJI and Collins Aerospace (United Technologies Corporation) are the major companies operating in the UAV Navigation Systems Market.
Which is the fastest growing region in UAV Navigation Systems Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).
Which region has the biggest share in UAV Navigation Systems Market?
In 2023, the North America accounts for the largest market share in the UAV Navigation Systems Market.
UAV Navigation Systems Industry Report
Statistics for the 2023 UAV Navigation Systems market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. UAV Navigation Systems analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
