Drone navigation systems provides the users with the control of the flight parameters of a drone by way of integrating with flight management system and embedded datalink system to effectively control the heading direction and altitude of a drone. Increasing number of programs of drones for surveillance to enhance military troops' situational awareness plays a tremendous role in the defense drone's phase to maintain its marketplace function. Additionally, factors including advancements in digital conflict technologies, stronger utility profile of drones, and miniaturization of payloads and subsystems are creating positive prospects for the market growth. However, vulnerability to cybersecurity threats, and challenges related to bandwidth allocation for drone operations may also abate the growth of the global drone navigation system market.
MARKET SCOPE
The "Global Drone Navigation System Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of Drone Navigation System market with detailed market segmentation by Type, Application, and geography. The global Drone Navigation System market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Drone Navigation System market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis Type, the market is segmented as Autonomous and Semi-Autonomous.
- On the basis of Application, the market is segmented as Commercial and Military.
MARKET DYNAMICS
Drivers:
- Rising application in surveillance for enhanced situational awareness
- Advancement in Electronic Warfare Technologies
Restraints:
- Vulnerabilities to cyber-attacks
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Drone Navigation System market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Drone Navigation System market in these regions.
IMPACT OF COVID-19 ON DRONE NAVIGATION SYSTEM MARKET
The COVID-19 pandemic largely impacted the global supply chain which led to a shortage of supplies for drone navigation systems manufacturers. However, during the second half of 2020, the speculations of commercial drone applications to fight epidemics through actions such as spraying disinfectants and field surveillance has created ample growth opportunities for drone and drone-related systems manufacturers. Furthermore, the reopening of the supply chain and successful implementation of vaccine drives have resulted in restart of production activities by major market player. For instance, in July 2021, Asio Technologies, an experienced navigation systems contractor, launched NavGuard, a self-contained, real-time optical navigation system allowing GNSS-free navigation made on an on-board geo infrastructure. Additionally, the rising requirement of drone navigation systems by defense organizations across the world, coupled with increased military budgets of strong economies, is building a huge opportunity for the market to expand in the post-pandemic scenarios.
MARKET PLAYERS
The report covers key developments in the Drone Navigation System market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Drone Navigation System market are anticipated to lucrative growth opportunities in the future with the rising demand for Drone Navigation System in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Drone Navigation System market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AeroVironment Inc.
- BAE Systems plc
- Hexagon AB
- Honeywell International Inc.
- Northrop Grumman Corporation
- Parker Grumman Corporation
- Raytheon Technologies Corporation
- SBG Systems SAS
- SZ DJI Technology Co. Ltd.
- UAV Navigation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.