Autonomous Navigation Processing Unit Market 2023-2032 With Strategic Trends Growth, Revenue, Demand & Future Potential Of Industry

Posted July 12, 2023 by Rajeevthakur

The global autonomous navigation processing unit market is experiencing a significant growth due to increased demand for autonomous cars, robots, and drones in recent years

The global autonomous navigation processing unit market is experiencing a significant growth due to increased demand for autonomous cars, robots, and drones in recent years. Autonomous navigation system provides a manned or unmanned system capability to choose its own path and navigate through its surrounding with minimum or no human intervention. Autonomous navigation system relies uses sensors such as inertial navigation system, satellite navigation system, radars, cameras, and ultrasonic & acoustics navigation, among others. In addition, it autonomously defines a trajectory through the system or robotโ€™s environment with due consideration of dynamics of movement limitations of the system to deal with any possible unexpected obstacles while maintaining its stability as well.

COVID-19 scenario analysis:
Government imposed lockdown to slow the spread of COVID-19 has impacted the research & development of autonomous navigation system.

Autonomous navigation system manufacturers rely heavily on various suppliers of components and raw materials to test & develop autonomous navigation system. However, government-imposed restrictions on transport services to control the COVID-19 outbreak have disrupted the supply chain.

Drone & robot manufactures are forced to shut down their manufacturing process due to lack of workforce, as authorities have grounded the flights in the wake of COVID-19 pandemic.

The navigation system developers are forced to delay on-going projects to install autonomous navigation in aircrafts, vehicles, and robots due to short operational issues caused by the COVID-19.

Aircraft and robot manufacturers are unable to run trails of autonomous navigation system due to obligatory travel restrictions enforced by authorities to slow the COVID-19 outbreak.

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The global autonomous navigation processing unit market trends are as follows:

Demand for sense & avoid system in autonomous system
Procurement & deployment of UAVs is becoming more prevalent for business & defense purposes. UAVs use transponders to get situational awareness and collision avoidance capability. Recently, in 2019, UAV Navigation (autopilot & flight control system developer company) and Sagetech Avionics Inc. (avionic system manufacturer), collaborated to integrate ADS-B (Automatic Dependent Surveillance - Broadcast) in/out transponder with UAVโ€™s autopilot to provide surrounding aircrafts position, situational awareness, and develop search and avoidance capability. ABS-D in/out transponder is a device that broadcasts aircraft parameters such as position, altitude, and aircraftโ€™s identification to the control tower or receiver aircrafts. Moreover, it is a tracking device that works both as a transmitter and receiver, which is considered to be a potential key component in future unmanned traffic management systems. Such initiatives in research & development in search & avoid system to deliver cutting-edge solutions for collision avoidance and air space management is expected to drive the global autonomous navigation processing unit market.

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Key benefits of the report:

This study presents the analytical depiction of the global autonomous navigation processing unit industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global autonomous navigation processing unit market share.
The current market is quantitatively analyzed to highlight the global autonomous navigation processing unit market growth scenario.
Porterโ€™s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global autonomous navigation processing unit market analysis based on competitive intensity and how the competition will take shape in coming years.

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Issued By Rajeev Thakur
Country United States
Categories Aerospace , Defense
Tags autonomous navigation processing unit market demand , autonomous navigation processing unit market share , autonomous navigation processing unit market size
Last Updated July 12, 2023