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The drone navigation system market is valued at USD 2.53 billion as on 2018, is anticipated to be valued at USD 21.81 billion in 2028, and grow at a CAGR of 31.26% during the forecast period. The growth of the market depends on several factors such as the advancements in electronic warfare technologies, the enhanced application profile of drones, and the miniaturization of payloads and subsystems.
The report includes a comprehensive outlook on the Drone Navigation System Market, offering forecasts for the industry segmented by End-user, which comprises military drones, consumer, and civil drones. Additionally, it categorizes Type into manually operated and autonomous, and covers Geography regions, including North America, APAC, Europe, Middle East and Africa, and South America. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.
Drone Navigation System Market Forecast 2024-2028
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Numerous benefits delivered by drones in military operations have increased their adoption for commercial purposes, such as internet provision in remote places, aerial photography and video recording, survey and documentation of wildlife, and public service missions. Onboard navigation sensors, in conjunction with a mission computer with adaptable processing capabilities, can be used to effectively navigate drones even in tight spaces such as in mines. In addition, the emergence of miniature drones has enabled the integration of powerful optic capabilities.
Moreover, commercial drone manufacturers have launched several product lines to attract buyers from different segments. For example, DJI, a Chinese commercial drone manufacturer, has introduced several models of UAV platforms and solutions through its product portfolio to cater to the needs of hobbyists, professional filmmakers, and industry enterprise users. Hence, such adoption trends are expected to result in high demand for drones, thus driving the growth of the market during the forecast period.
Sensor fusion technology is described as an amalgamation of data from multiple sensors for processing and output generation that cannot be achieved through a single sensor. Solar UAVs such as High-Altitude Pseudo Satellite (HAPS) play a vital role as an indispensable weapon as they deliver high-resolution reconnaissance data through their increasingly sophisticated sensors. Also, the adoption of sensor fusion technologies would result in the incorporation of an assortment of advanced sensors, which, through onboard software support, can process data swiftly and efficiently.
In addition, the miniaturization of COTS technologies is helping to provide ISR products for even the smallest drones in the market. Integration of such miniaturized sensors results in significant weight-saving for payload by both defense and commercial operators. Such systems also provide superior situational awareness during flight by automating the basic movements of the platform. Therefore, the rapid adoption of sensor fusion technology will drive the growth of the market during the forecast period.
The biggest challenge faced by the current generation of Attitude and heading Reference System/Inertial Navigation Systems (AHRS/INS) is ensuring optimal performance in adverse weather conditions. These navigation systems employ the dead reckoning method to calculate a drone's current position concerning a predetermined one, as per the estimated speeds over elapsed time and course. Consequently, they are susceptible to cumulative error and necessitate R&D efforts to enhance precision.
Furthermore, to deliver the best results, development activities are carried out for an extensive period and include several hours of rigorous testing and documentation before the launch of a new drone model. Thus, development costs for each new UAV model with better subsystems and low power-consuming components are substantial and force end-users to adopt existing drone technologies in a budget-constrained, suboptimal manner, usually by sacrificing both performance and reliability. Hence, the Endurance constraints driving R&D costs will impede the growth of the market during the forecast period.
The military drones segment will account for a major share of the market's growth 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). Moreover, the high adoption rate of drones in the defense segment has resulted in the dissemination of several contracts to address the demand.
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The military drones segment was valued at USD 1.83 billion in 2018. Security agencies of several countries are procuring mini- and micro-UAVs to adapt to the rapidly changing engagement scenario. Consequently, technological innovations that are directed toward the development of high-performance navigation sensors are also aimed at small UAVs. For example, in March 2022, the Indian Army ordered more than 200 mini Vertical Takeoff and Landing (VTOL) Unmanned Aerial Vehicle (UAV) along with its accessories. Thus, such product launches are anticipated to drive market growth during the forecast period.
Based on type, the market has been segmented into manually operated and autonomous. The manually operated segment will account for the largest share of this segment.?The term manually operated drone refers to drones that are controlled by humans through the use of joysticks or other control interfaces to adjust the flight settings and maneuverability of the drones. Furthermore, manual control enables prompt modifications and changes to shift environmental circumstances, guaranteeing the best possible recording of visual content. Besides, as technology continues to advance, further innovations and improvements in both autonomous and manually operated drones cater to the evolving needs of different sectors, which in turn will drive the growth of the manually operated segment in the market during the forecast period.
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North America is estimated to contribute 36% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. The increased demand for drones has resulted in the formation of strategic alliances between drone OEMs for efficient utilization of potential growth opportunities in the market. The US is the prominent country for market growth in the region. Besides, countries are focusing on augmenting their inventory of weapons to counter any possible threat of attack.
Moreover, other prominent countries in North America, such as Canada and Mexico, are currently defining drone-related laws to ensure the proper operation of drones. The emergence of new drone laws in Mexico is also expected to influence the usage patterns of drones in industries. Besides mandating the registration of drones that weigh over 0.55 lbs., Mexicos Directorate General of Civil Aeronautics (DGCA) also states that drones must operate at a minimum distance of 9.2 km from an aerodrome.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
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.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The drone navigation system market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Drone Navigation System Market Scope |
|
Report Coverage |
Details |
Page number |
162 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 31.26% |
Market Growth 2024-2028 |
USD 16.22 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
27.59 |
Regional analysis |
North America, APAC, Europe, Middle East and Africa, and South America |
Performing market contribution |
North America at 36% |
Key countries |
US, China, France, Germany, and Russia |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
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. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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