Autonomous Navigation Market is estimated to register a CAGR of nearly 16.03% during the forecast period
Market Highlights The global autonomous navigation market is expected to register significant growth during the forecast period owing to various factors such as the increasing demand for autonomous robots in the logistics industry and rising adoption of autonomous navigation systems by the governments in various countries such as the US to offer enhanced security to citizens. However, the absence of required infrastructure in developing economies and vulnerability to cyber threats may hamper market growth. The global autonomous navigation market has been segmented based on solution, platform, application, and region. On the basis of solution, the global autonomous navigation market has been segmented into processing unit, sensing system, and software. The sensing system segment is expected to account for the largest market share during the forecast period of 2019 to 2024. However, the software segment is expected to register the highest CAGR during the forecast period. T...