Mapless Navigation Market by Technology (Sensor-Based Navigation, Machine Learning-Based Navigation, and Computer Vision-Based Navigation), and by End-User (Automotive, Robotics, Military & Defence, UAVs, and Others)- Global Opportunity Analysis and Industry Forecast 2024-2030

Market Definition

The Mapless Navigation Market size was valued at USD 158.4 million in 2023 and is predicted to reach USD 659.5 million by 2030 with a CAGR of 22.6% from 2024-2030. Mapless navigation refers to a type of navigation where a device or system can determine its position and orientation in an environment without relying on pre-built maps or GPS. It relies on using various sensors, such as cameras, lidar, and inertial measurement units (IMUs), to detect and interpret the surrounding environment and generate a map of it in real time. It provides various features such as turn-by-turn directions, traffic updates, voice commands, and alternate routes. It also allows users to search for points of interest such as restaurants, gas stations, and other landmarks. Mapless navigation is considered more flexible and adaptable than traditional map-based navigation systems, as it can handle unexpected changes in the environment, such as obstacles or unexpected terrain features.

Market Dynamics and Trends

The growing adoption of autonomous vehicles across the globe is driving the growth of the mapless navigation market. For instance, about 15% of all new vehicles sold in 2030 is anticipated to be fully autonomous. As Avs require highly advanced navigation systems that can operate without relying on pre-mapped data is fostering the growth of the mapless navigation market.

Moreover, the growing demand for location-based services such as ride-sharing and food delivery services that require accurate and real-time navigation for efficient operations is further driving the growth of the mapless navigation market. As these services rely on dynamic and up-to-date navigation systems to optimize routes and deliver services promptly, the need for mapless navigation solutions is increasing.

Furthermore, the rapid advancements in technology, including artificial intelligence (AI), machine learning (ML), and computer vision are further boosting the growth of the mapless navigation market. As these technologies evolve, navigation systems become more capable of understanding complex environments and navigating dynamically without relying on pre-existing maps, driving the adoption of mapless navigation solutions. that enable navigation systems to interpret real-time data from various sensors and make intelligent decisions based on the data.

However, the chances of sensor failure which may lead to faulty or inaccurate interpretation of the surrounding environment is the major factors restraining the growth of the market. On the contrary, the introduction of LiDAR technology that uses laser beams to create detailed 3D maps of the environment coupled with the integration of 5G will provide more accurate real-time location data is expected to create ample opportunities in the growth of the mapless navigation market in the coming years.

Market Segmentations and Scope of the Study

The mapless navigation market share is segmented on the basis of technology end-user, and region. On the basis of Technology, the market is classified into sensor-based navigation, machine learning-based navigation, and computer vision-based navigation. On the basis of end-user, the market is segmented into automotive, robotics, military & defence, UAVs, and others. Regional breakdown and analysis of each of the aforesaid segments include regions comprising of North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America holds the dominant share of the mapless navigation market and is expected to continue its dominance during the forecast period due to the growing adoption of autonomous vehicles in this region. As per the latest report from the National Association of Insurance Commissioners, the U.S. one of the largest adopters of autonomous vehicles in the world, with an estimation of 3.5 autonomous vehicles in the U.S. road by 2025 and 4.5 million vehicles by 2030.

The rapidly growing aviation industry in North America is further driving the growth of the mapless navigation market. According to the recent report published by the Airlines for America, the commercial aviation industry in the U.S. reached USD 1.25 trillion, carrying 2.3 million passengers and 66,000 tons of cargo in 2022. With such rapid growth in the aerospace industry in this region, the demand for advanced navigation solution to improve safety and efficiency in various environmental conditions is poised to rise, further driving the adoption of mapless navigation technology.

On the other hand, Asia Pacific is expected to show steady growth in the mapless navigation market, driven by the growing automotive industries in this region. According to the International Trade Administration, China is the largest vehicle manufacturing country in the world, with over 25 million vehicles sold in 2020. Domestic production is expected to reach 35 million vehicles by 2025. As a result, the increasing number of vehicles equipped with mapless navigation systems is anticipated to fuel market growth in Asia Pacific.

Moreover, increasing investment in the development of military & defense sector including the adoption of advanced vehicles and electronics with mapless navigation for accurate and real-time navigation in remote areas is further driving the growth of the mapless navigation market in this region. According to the World Bank, investment in military and defence sector is growing at a significant rate in this region, with China's investment reaching USD 298 billion, while India’s reached USD 81 billion in 2022.

Competitive Landscape

Various market players operating in the mapless navigation market include Driverblocks, Ottonomy.IO, Garmin Ltd., TomTom International BV, Navico Holding AS, Raymarine Inc., Lowrance Electronics Inc., Humminbird Holdings Inc., NovAtel Inc., Hemisphere GNSS Inc, and others. These market players are adopting various strategies such as product launches to remain dominant in the mapless navigation market.

For instance, in December 2022, Driveblocks launched a mapless autonomy platform to provide automation solutions to the commercial vehicle industry. The navigation system provides object recognition, environment perception, sensor fusion, and trajectory planning in vehicles.

Moreover, in March 2022, Ottonomy.IO launched high-information navigation mapping for autonomous robots. Through this launch, the company aims to provide real-time navigation for robots in multiple consumer environments including airports, retail spaces, and campuses.

KEY BENEFITS

• The report provides quantitative analysis and estimations of the mapless navigation market from 2024 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep-dive analysis of the mapless navigation market including the current and future trends to depict prevalent investment pockets in the market.

• Information related to key drivers, restraints, and opportunities and their impact on the mapless navigation market is provided in the report.

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

KEY MARKET SEGMENTS

By Technology 

• Sensor-Based Navigation

• Machine Learning-Based Navigation

• Computer Vision-Based Navigation

By End-User 

• Automotive

• Robotics

• Military & Defence

• UAVs

• Others

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France        

  • Italy        

  • Spain        

  • Denmark        

  • Netherlands        

  • Finland        

  • Sweden        

  • Norway        

  • Russia        

  • Rest of Europe    

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

REPORT SCOPE AND SEGMENTATION:

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