The drone navigation system market share is expected to increase to USD 8.48 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 27.48%.

This drone navigation system market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers drone navigation system market segmentation by end-user (military drones and consumer and civil drones) and geography (APAC, North America, Europe, Middle East and Africa, and South America). The drone navigation system market report also offers information on several market vendors, including Inertial Sense LLC, Advanced Navigation Pty Ltd., AeroVironment Inc., Elbit Systems Ltd., Gladiator Technologies Inc., Hexagon AB, Inertial Labs, 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., UAV Navigation SL, uAvionix Corp., UAVOS Inc., VectorNav Technologies LLC, and Volocopter GmbH among others.

What will the Drone Navigation System Market Size be During the Forecast Period?

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Drone Navigation System Market: Key Drivers, Trends, and Challenges

The advancements in electronic warfare technologies is notably driving the drone navigation system market growth, although factors such as endurance constraints driving R&D costs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the drone navigation system industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Drone Navigation System Market Driver

• The advancements in electronic warfare technologies is one of the key drivers fueling the drone navigation system market growth.
• Drones are being used extensively in current warfare scenarios due to their visual superiority and capability of performing pre-emptive strikes and surveillance on specific locations.
• Drones are currently deployed as air defense systems. However, it is anticipated that the shifting focus toward asymmetric warfare would result in the deployment of a large number of drones in armed conflicts. This has encouraged several nations and respective prime defense contractors to significantly increase R&D investments to enhance their capability of avoiding anti-air weapons through the integration of advanced sensors.
• Advanced navigation systems allow precise movement of drones to capture data effectively as data gathering is a direct function of the positioning of the drones and is highly dependent on sensor range and feedback to control mechanisms. This, in turn, will drive the drone navigation system market growth during the forecast period.

Key Drone Navigation System Market Trend

• The advent of network-centric warfare (NCW) is one of the key drone navigation system market trends supporting market growth.
• Network-centric warfare was devised by the US military during the 1990s and requires a thorough integration of sensors, communication networks, command centers, and associated platforms to achieve complete situational awareness and perfect synchronization between sensors and responders in a fast-paced environment.
• The focus of NCW is the assimilation of minimum information that needs to be exchanged. Therefore, effective ways to capture that information and best portray it into actionable intelligence require the integration of precise navigation sensors to triangulate the position of a drone for effectively serving the mission.
• Militaries around the world are making considerable long-term strategic investments in drones and are promoting NCW as part of military transformation.
• Operational and strategic drones enable common access to the information provided to function as a relevant asset within an NCW, which in turn requires interoperability with the network transport and data systems within the communications architecture of a country's defense operations. This factor will support the drone navigation system market growth during the forecast period.

Key Drone Navigation System Market Challenge

• Endurance constraints driving R&D costs is one of the key factors challenging the drone navigation system market growth.
• Since all onboard equipment such as payload and other sensors, including navigation sensors, require power to operate, designers are focused on developing high-performance systems with low power requirements.
• The subsequent R&D efforts are increasing the associative cost of production, and a ripple effect can be noticed over the total value chain of drones.
• As a modern drone is the culmination of years of R&D activities conducted on a component-level basis, each advancement in the technology of the related components and subsystems can pave the way for an entirely new avenue of research. Moreover, to deliver the best results, such development activities are carried out for an extended period and include several hours of rigorous testing and documentation, prior to the launch of a new drone model.

The above-mentioned factors may challenge the drone navigation system market growth during the forecast period.

This drone navigation system market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Drone Navigation System Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Inertial Sense LLC
• Advanced Navigation Pty Ltd.
• AeroVironment Inc.
• Elbit Systems Ltd.
• Gladiator Technologies Inc.
• Hexagon AB
• Inertial Labs
• 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.
• UAV Navigation SL
• uAvionix Corp.
• UAVOS Inc.
• VectorNav Technologies LLC
• Volocopter GmbH

This statistical study of the drone navigation system market encompasses successful business strategies deployed by the key vendors. The drone navigation system market is fragmented and the vendors are deploying growth strategies such as in-house manufacturing capabilities, global footprint network, product offerings, R&D investments, and a strong client base to compete in the market.

Product Insights and News

• Advanced Navigation Pty Ltd. - The company offers drone navigation systems such as MEMS INS. 
• AeroVironment Inc. - The company offers drone navigation systems such as T-20, Puma LE, and Puma 3 AE. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The drone navigation system market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Drone Navigation System Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the drone navigation system market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Drone Navigation System Market?

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35% of the market's growth will originate from APAC during the forecast period. China is the key market for the drone navigation systems in APAC. However, market growth in this region will be slower than the growth of the market in other regions.

Indigenous development of drones will facilitate the drone navigation system market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 had a negative impact on the aerospace and defense industry in the region. However, in 2021, the advent of vaccines and the easing of lockdown measures positively impacted the aerospace and defense industry in the region. This is expected to foster the growth of the drone navigation system market in focus in the region during the forecast period.

What are the Revenue-generating End-user Segments in the Drone Navigation System Market?

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The drone navigation system market share growth by the military drones segment will be significant during the forecast period. Military drones vary greatly in size and are specifically designed for a particular mission profile. MALE and HALE UAVs feature advanced navigation systems based on technologies such as astronavigation, dead reckoning, and inertial navigation systems (INS). INS is based on the simultaneous processing of inputs from onboard sensors by a powerful onboard computer to calculate the position, orientation, and velocity of a drone. Such features of military drones will drive the drone navigation system market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the drone navigation system market size and actionable market insights on post COVID-19 impact on each segment.

Parent Market Analysis

Technavio categorizes the global drone navigation systems market as a part of the global aerospace and defense market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the drone navigation system market during the forecast period.

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What are the Key Data Covered in this Drone Navigation System Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive drone navigation system market growth during the next five years
• Precise estimation of the drone navigation system market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the drone navigation system industry across APAC, North America, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of drone navigation system market vendors

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