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Drone Navigation System Market: Introduction

  • Drone navigation system can be referred to as a system or the brain of a drone that is used to control the flight of a drone.
  • The IMU (Inertial Measurement Unit) of drone comprises gyroscopes and accelerometers that provide data on linear acceleration across three axes and the measurements of pitch, roll, and yaw. This data is further used by the flight controller for navigational information and ensure smooth flight capabilities.
  • This system works in tandem with an embedded data link system and drone flight management system to control the attitude and heading of a drone effectively
  • There are three types of drone navigation systems: autonomous, semi-autonomous, and remotely operated. Drones are used in national security applications such as civil & commercial and military.

Rise in Demand for Drone Navigation System in Defense Industry

  • Rise in application of drones in surveillance to understand and enhance awareness about the location is a major factor that is anticipated to drive the market
  • Ongoing R&D activities to improve sensors on the drones are likely to provide lucrative opportunities for the market in the next few years
  • Increase in adoption of drones by defence industries due to their effective data capturing ability and stealth capabilities are expected to drive the drone navigation system market during the forecast period

Asia Pacific to Lead Global Drone Navigation System Market

  • In terms of region, the global drone navigation system market can be divided into North America, Asia Pacific, Europe, and Middle East & Africa
  • North America accounts for a notable share of the global drone navigation systems market, due to the high usage of drones by the defense forces in the U.S. Drones are increasingly being used in North America for various applications including aerial photography, border security, law enforcement, weather research, emergency response, forest fire monitoring, scientific data collection, logistics and last-mile delivery, and traffic monitoring and control.
  • Asia Pacific is anticipated to follow North America, in terms of share of the global market, owing to the rising tension amongst neighbouring countries in the region. Countries such as India, South Korea, Japan, and China are increasing their defense budgets in order to strengthen their respective national security.

Key Players Operating in Global Drone Navigation System Market

  • BAE Systems plc
  • Hexagon AB
  • Parker Hannifin Corp
  • Northrop Grumman Corp,
  • Aero Vironment Inc.,
  • SZ DJI Technology Co. Ltd.,
  • SBG Systems SAS,
  • Collins Aerospace
  • Honeywell.

Global Drone Navigation System Market: Research Scope

Global Drone Navigation System Market, by Type

  • Autonomous
  • Semi-Autonomous
  • Remotely Operated

Global Drone Navigation System Market, by End-user

  • Civil & Commercial
  • Government and Defence

Global Drone Navigation System Market, by Region

  • North America
    • The United States
    • Canada
    • Mexico
    • Rest of North America
  • Asia Pacific
    • China
    • India
    • United Arab Emirates
    • Thailand
    • Rest of Asia Pacific
  • Europe
    • Germany
    • United Kingdom
    • Germany
    • France
    • Italy
    • Russia
    • Turkey
    • Rest of Europe
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Drone Navigation System Market