The Autonomous Aircraft Market is projected to grow from an estimated USD 3.6 billion in 2018 to 23.7 billion by 2027, at a CAGR of 17% from 2021 to 2027.
The global autonomous aircraft market is experiencing significant growth due to the increasing purchase of autonomous drones worldwide. Autonomous aircraft are fully automated manned or unmanned aerial vehicles that require minimal or no human intervention in their operations. Autonomous aircraft can be identified by their ability to perform complex maneuvers over long distances. Installing autonomous systems on aircraft reduces the pilot’s workload. However, installing such a system on an airliner can create safety concerns due to the risk of system failure. Meanwhile, cargo and utility aircraft were the first to adopt this autonomous flight technology after undergoing continuous and rigorous testing.
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Market Segments
By Technology
- Increasingly Autonomous
- Fully Autonomous
By Component
- Flight Management Computers
- Air Data Inertial Reference Units
- Sensors
- Actuation Systems
- Software
- Intelligent Servos
- Cameras
- Radars & Transponders
- Propulsion Systems
By End-Use
- Commercial Aircraft
- Combat & ISR
- Cargo & Delivery Aircraft
- Passenger Air Vehicle
- Personal Air Vehicle
- Air Medical Services
Key Players
Key players in the autonomous aircraft market include Boeing (US), Airbus (France), Lockheed Martin (US), Northrop Grumman (US), and Elbit Systems (Israel), among others.
Scope of the Report
The research study analyzes the global Autonomous Aircraft industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Autonomous Aircraft Market Report
1. What was the Autonomous Aircraft Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Autonomous Aircraft Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Autonomous Aircraft Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Autonomous Aircraft market.
- The market share of the global Autonomous Aircraft market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Autonomous Aircraft market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Autonomous Aircraft market.
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