Latin America Autonomous Navigation Market Size & Outlook
The autonomous navigation market in Latin America is expected to reach a projected revenue of US$ 802,220.8 million by 2030. A compound annual growth rate of 16.2% is expected of Latin America autonomous navigation market from 2024 to 2030.
Revenue, 2023 (US$M)
$280,516.6
Forecast, 2030 (US$M)
$802,220.8
CAGR, 2024 - 2030
16.2%
Report Coverage
Latin America
Latin America autonomous navigation market, 2018-2030 (US$M)
Latin America autonomous navigation market highlights
- The Latin America autonomous navigation market generated a revenue of USD 280,516.6 million in 2023.
- The market is expected to grow at a CAGR of 16.2% 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.
Latin America data book summary
| Market revenue in 2023 | USD 280,516.6 million |
| Market revenue in 2030 | USD 802,220.8 million |
| Growth rate | 16.2% (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, Latin America region accounted for 5.4% 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 Scope
Autonomous navigation market segmentation & scope
Component
Hardware
Software
Platform
Airborne
Land
Marine
Space
Weapons
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
Saudi Arabia
South Africa
UAE
Kuwait
Autonomous Navigation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America autonomous navigation market
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