Market Share of UAV Navigation Systems Industry
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
