The autonomous navigation market in North America is expected to grow from US$ 106.5 million in 2019 to US$ 199.9 million by 2027; it is estimated to grow at a CAGR of 10.2% from 2020 to 2027.
Mobility is the next frontier in flexible robotics, and mobile robots are making their way to replace stationary robots and provide more flexibility in new applications. Mobile robots are being deployed in various applications such as medical and surgical applications, physical security of critical infrastructure, solar farms and photovoltaic power plants, warehouse and distribution, ocean and space exploration, chemical plants, and oil & gas facilities.
As per the robotic system providers' expertise, such as KUKA AG, an inclination toward mobile robots is expanding across all industries. Autonomous mobile robots are cost-efficient compared to the human labor, enabling an economically feasible service. The increasing demand for mobile robots in industries is encouraging developers and manufacturers to create advanced robots. Increasing use of AGVs in logistics industry is among the other factors expected to positively influence the demand for autonomous navigation.
In terms of solution, the sensing system segment led the North America autonomous navigation market in 2019. The sensing system of autonomous navigation includes GNSS, camera, automatic identification system (AIS), LiDAR, radar, SONAR, and ultrasonic system. They help AGVs, mobile robots, drones, and machine/equipment to navigate the path in industries, military, or in sea-based machines. The SONAR and LiDAR techniques are gaining attention in autonomous technology owing to inflating remote sensing and self-driving vehicle applications. With the increasing trend of autonomous ships and robots, the penetration of autonomous technology is growing. To assist these applications autonomous navigation is forecasted to be impacted positively.
The COVID-19 pandemic has devastating impact over North America. North America is one of the most important region for the adoption and growth of new technologies. This is due to favorable government policies to boost innovation, presence of huge technological companies, and high adoption of automation in various industries, especially in developed countries such as the US and Canada. Hence, any impact on the growth of industries is expected to affect the economic growth of the region. The US, Canada, and Mexico have witnessed a significant rise in the number of COVID-19 infected patients. This led the governments to impose lockdowns and limit human movement, thereby leading the manufacturing facilities to experience lower than usual production volumes. The US is one of the largest markets for developing autonomous technologies and integrating it into machines. In addition, testing of autonomous technologies is high in the region. However, due to COVID-19, this has declined. Hence, the ongoing COVID-19 crisis and critical situation in the US are predicted to negatively impact the autonomous navigation market growth in North America for the next few quarters.
The overall North America autonomous navigation market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the North America autonomous navigation market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the North America autonomous navigation market. Autonomous Solutions, Inc.; Brain Corporation; Collins Aerospace; Raytheon Technologies Corporation Company; Furuno Electric Co. Ltd; Kinexon; Kollmorgen; Kongsberg; and Trimble Inc. are among the players operating in the North America autonomous navigation market.