Europe Autonomous Navigation Market Size & Outlook
The autonomous navigation market in Europe is expected to reach a projected revenue of US$ 3,765.8 million by 2030. A compound annual growth rate of 15.7% is expected of Europe autonomous navigation market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,355.0
Forecast, 2030 (US$M)
$3,765.8
CAGR, 2024 - 2030
15.7%
Report Coverage
Europe
Europe autonomous navigation market highlights
- The Europe autonomous navigation market generated a revenue of USD 1,355,043.9 million in 2023.
- The market is expected to grow at a CAGR of 15.7% from 2024 to 2030.
- In terms of segment, commercial was the largest revenue generating end use in 2023.
- Commercial is the most lucrative end use segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 1,355,043.9 million |
| Market revenue in 2030 | USD 3,765,820.5 million |
| Growth rate | 15.7% (CAGR from 2023 to 2030) |
| Largest segment | Commercial |
| Fastest growing segment | Commercial |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Commercial |
Other key industry trends
- In terms of revenue, Europe region accounted for 25.8% of the global autonomous navigation market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,371,814.6 million by 2030.
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Autonomous Navigation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Waymo | View profile | 1001-5000 | Mountain View, California, United States, North America | http://www.waymo.com |
| General Dynamics Corp | View profile | 111600 | 11011 Sunset Hills Road, Reston, VA, United States, 20190 | https://www.gd.com |
| Safran SA | View profile | 83278 | 2, boulevard du General-Martial-Valin, Paris, France, 75015 | https://www.safran-group.com |
| Tesla Inc | View profile | 140473 | 1 Tesla Road, Austin, TX, United States, 78725 | https://www.tesla.com |
| L3Harris Technologies Inc | View profile | 50000 | 1025 West NASA Boulevard, Melbourne, FL, United States, 32919 | https://www.l3harris.com |
| RTX Corp | View profile | 185000 | 1000 Wilson Boulevard, Arlington, VA, United States, 22209 | https://www.rtx.com |
| Aurora Innovation Inc Class A | View profile | 1800 | 1654 Smallman Street, Pittsburgh, PA, United States, 15222 | https://www.aurora.tech |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
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