Market Share of UAV Navigation Systems Industry
The UAV navigation systems market is semi-consolidated and is marked by the presence of companies such as Hexagon AB, SBG Systems, SZ DJI Technology Co., Ltd., Collins Aerospace (RTX Corporation), and UAV Navigation S.L., among others.
As the products in the market range from small GPS systems of a small drone to the complete navigation system of the class 5 UAV, a large diversity of the products means that there will be a lot of small to big players in the market. However, there are very few acclaimed players in the market providing complete navigation and guidance systems to the major UAV manufacturers, whose revenues comprise a large percentage of the market share.
Technological innovations will help the players to gather new contracts, especially with the military customers who dominate the customer base. For military customers, advanced navigation and guidance capabilities are necessary, as they give the armed forces a competitive edge on the battlefield. Hence, defense forces are willing to trade huge amounts for innovative products in the market, which is an opportunity for growth for the players.
For instance, in September 2022, UAV Navigation released its new Visual Navigation System (VNS). The compact and lightweight device, which is provided as an optional peripheral to the main Flight Control System (FCS), enables the safe and efficient navigation of Uncrewed Aerial Vehicles (UAVs) in GNSS-denied environments.
UAV Navigation Systems Market Leaders
Hexagon AB
SBG Systems
UAV Navigation S.L.
SZ DJI Technology Co., Ltd.
Collins Aerospace (RTX Corporation)
*Disclaimer: Major Players sorted in no particular order
