Autonomous Aircraft - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Autonomous Aircraft Market is accounted for $4.28 billion in 2019 and is expected to reach $17.22 billion by 2027 growing at a CAGR of 19.0% during the forecast period. While the factors like reduced human errors, increasing operating efficiency and cost savings, and advancements in AI are propelling market growth. However, safety during emergencies is hampering the market growth.
Autonomous aircraft is an aircraft powered with propellers, with the human pilot onboard. It can be separated into two categories that are fully autonomous and increasingly autonomous. Autonomous aircrafts are designed according to their application sectors such as commercial and defence. Autonomous aircraft is likely to raise focus on managing the mission than flying the machine.
Based on the technology, the fully autonomous segment is going to have a lucrative growth during the forecast period due to the rising autonomy in aircraft and the move towards aircraft being fully autonomous in the future. Current commercial aircrafts are flattering increasingly autonomous due to the installation of autonomous components which have eased the workload of pilots.
By geography, North America is estimated to have a lucrative growth due to it is attributable to the growing number of companies, which are spending extra for research and improvement activities. These activities may impel the vigorous development in the technologies and expected to result in the development of the autonomous aircraft market.
Some of the key players profiled in the Autonomous Aircraft Market include Boeing, Airbus, Lockheed Martin, Northrop Grumman, Elbit Systems, Raytheon Company, AeroVironment, Inc., Saab AB, BAE Systems, Aeronautics Ltd., General Atomics, Airobotics, Aston Martin, Aurora Flight Sciences Corporation, Bell Helicopter, and Embraer.
Aircraft Types Covered:
• Actuation Systems
• Air Data Inertial Reference Units (ADIRU)
• Flight Management Computers
• Intelligent Servos
• Propulsion Systems
• Radars & Transponders
• Building and Construction
• Fully Autonomous
• Increasingly Autonomous
End Users Covered:
• Passenger Air Vehicle
• Cargo & Delivery Aircraft
• Commercial Aircraft
• Personal Air Vehicle
• Air Medical Services
• Defense/ Combat & ISR
• Science & Research
• Other End User
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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