PUBLISHER: TechNavio | PRODUCT CODE: 1395198
PUBLISHER: TechNavio | PRODUCT CODE: 1395198
The drone navigation system market is forecasted to grow by USD 16.22 bn during 2023-2028, accelerating at a CAGR of 31.26% during the forecast period. The report on the drone navigation system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by advancements in electronic warfare technologies, enhanced application profile of drones, and miniaturization of payloads and subsystems.
Market Scope | |
---|---|
Base Year | 2023 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 27.59% |
CAGR | 31.26% |
Incremental Value | $16.22bn |
Technavio's drone navigation system market is segmented as below:
By End-user
By Type
By Geographical Landscape
This study identifies the advent of network-centric warfare as one of the prime reasons driving the drone navigation system market growth during the next few years. Also, rapid adoption of sensor fusion technology and emergence of swarm drones will lead to sizable demand in the market.
The report on the drone navigation system market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading drone navigation system market vendors that include Advanced Navigation Pty Ltd., AeroVironment Inc., Elbit Systems Ltd., Gladiator Technologies Inc., Hexagon AB, Inertial Labs, Inertial Sense LLC, Northrop Grumman Corp., Oxford Technical Solutions Ltd., Parker Hannifin Corp., Parrot Drones SAS, Sagetech Avionics Inc., SBG Systems SAS, SZ DJI Technology Co. Ltd., Trimble Inc., uAvionix Corp., VectorNav Technologies LLC, Volocopter GmbH, UAV Navigation SL, and UAVOS Inc.. Also, the drone navigation system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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