The global autonomous aircraft market size was accounted for at US$ 6.75 billion in 2022 and it is projected to hit around US$ 40.93 billion by 2032 with a significant CAGR of 19.80% from 2023 to 2032.
The rising technological advancements in the aviation industry, growing adoption of novel technologies like artificial intelligence and internet of things, rising number of air passengers, and growing demand for unmanned aircrafts from the military are some of the major factors that are significantly driving the growth of the global autonomous aircraft market.
The rising globalization of business has led to a rapid growth in business travel and the growing number of tourists is boosting the demand for the efficient aircrafts. The surging applications of the autonomous aircrafts for various purposes such as air medical services and cargo and delivery are boosting the demand for the autonomous aircrafts across the globe.
The rising investments by the top market players in the research and development and adoption of the AI and IoT technologies has led to the rapid growth of the autonomous aircrafts market across the globe.
Moreover, the rising need for controlling air travel costs and increase efficiency of the aircrafts is boosting the adoption of the IoT and AI technologies. Further, the rising government investments in urbanization and building air connectivity infrastructure is boosting the number of air travelers, which is expected to support the market growth in the foreseeable future.
Get the Sample Pages of Report@ https://www.precedenceresearch.com/sample/1775
The rising investments by the top market players in the research and development and adoption of the AI and IoT technologies has led to the rapid growth of the autonomous aircrafts market across the globe.
Moreover, the rising need for controlling air travel costs and increase efficiency of the aircrafts is boosting the adoption of the IoT and AI technologies. Further, the rising government investments in urbanization and building air connectivity infrastructure is boosting the number of air travelers, which is expected to support the market growth in the foreseeable future.
Report Scope of the Autonomous Aircraft Market
| Report Coverage | Details |
| Market Size by 2032 | USD 40.93 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 19.80% |
| Largest Market | North America |
| Fastest Growing Region | Asia Pacific |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | Aircraft Type, Component, Technology, End User, Geography |
Market Dynamics
Driver
Rising investments in the cargo and delivery of goods
Various countries like Singapore, US, China, and UAE are increasingly using the autonomous aircrafts for delivering goods and services. Moreover, in case of any medical emergencies, the autonomous aircrafts are also used as air ambulance. The advanced features and increased capabilities of these aircrafts has higher efficiency, they are cost-effective, reliable, and high speed aircrafts. These major features are solely responsible for the growing demand for the autonomous aircrafts across the globe. Moreover, the multi-purposes served by these aircrafts is expected to drive the market growth during the forecast period.
Restraint
Complexities in design, and difficulties in testing and certifications
There is an extensive requirement for testing and certifications for ensuring safety of the components and software, which are complex. The rising need for making the aircrafts cost-effective leads to the complexities in design. Moreover, there are strict government regulations pertaining to various factors such as passenger safety, environment protection, onboard safety requirements, and other purposes. These regulations are the major hindering factors for the global autonomous aircraft market.
Opportunity
Rising need for eliminating human errors
The development of advanced hardware and software has encouraged the development of the autonomous aircrafts. These unmanned aircrafts can significantly reduce the number of air accidents by eliminating the human errors with the use of AI and IoT technologies and can save lives of the pilots. The growing adoption of these aircrafts and rising technological advances are expected to offer several growth opportunities to the market players.
Challenge
High costs of the autonomous aircrafts
High costs are associated with the acquisition of the advanced aircraft hardware and software. Moreover, the engine and aerodynamics of the autonomous aircrafts has complex designs. Furthermore, the adoption of AI and IoT makes it vulnerable to cyberattacks. Therefore, ensuring safety involves a huge cost.
Read More: Electric Vehicle (EV) Tire Market Size to Hit US$ 214.19 Bn by 2032
Regional Snapshot
North America led the global autonomous aircraft market in 2021. The rising investments by the major aircraft manufacturers in US in the research and development of the autonomous aircrafts and the surging adoption of the AI and IoT technologies to foster the development of autonomous aircraft manufacturing process has led to the growth of the North America autonomous aircraft market. The demand for the cargo and delivery aircrafts, personal aircrafts, and combat and ISR aircrafts is significantly high in US. The presence of various major market players like Boeing Co., Lockheed Martin Corporation, and AeroVironment and various strategies adopted by them significantly influences the market growth in a positive way, which has led to the dominance of this region in the global autonomous aircraft market.
Asia Pacific is estimated to witness the highest growth rate during the forecast period. The surging demand for the unmanned aircrafts among the military in various nations like China, India, and Indonesia are significantly driving the growth of the Asia Pacific autonomous aircraft market. The significantly rising defense budgets of the countries like India.
Key Market Developments
Some of the prominent players in the global autonomous aircraft market include:
Segments Covered in the Report
By Aircraft Type
By Component
By Technology
By End User
By Geography
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Autonomous Aircraft Market
5.1. COVID-19 Landscape: Autonomous Aircraft Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Autonomous Aircraft Market, By Aircraft Type
8.1. Autonomous Aircraft Market, by Aircraft Type, 2023-2032
8.1.1. Rotary Wing
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Fixed Wing
8.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Autonomous Aircraft Market, By Component
9.1. Autonomous Aircraft Market, by Component e, 2023-2032
9.1.1. Radars &Transponders
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Propulsion Systems
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Cameras
9.1.3.1. Market Revenue and Forecast (2020-2032)
9.1.4. Sensors
9.1.4.1. Market Revenue and Forecast (2020-2032)
9.1.5. Actuation System
9.1.5.1. Market Revenue and Forecast (2020-2032)
9.1.6. Air Data Inertial Reference Units
9.1.6.1. Market Revenue and Forecast (2020-2032)
9.1.7. Flight Management Computers
9.1.7.1. Market Revenue and Forecast (2020-2032)
9.1.8. Software
9.1.8.1. Market Revenue and Forecast (2020-2032)
9.1.9. Others
9.1.9.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Autonomous Aircraft Market, By Technology
10.1. Autonomous Aircraft Market, by Technology, 2023-2032
10.1.1. Increasingly Autonomous
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Fully Autonomous
10.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Autonomous Aircraft Market, By End User
11.1. Autonomous Aircraft Market, by End User, 2023-2032
11.1.1. Air Medical Service
11.1.1.1. Market Revenue and Forecast (2020-2032)
11.1.2. Commercial Aircraft
11.1.2.1. Market Revenue and Forecast (2020-2032)
11.1.3. Combat & ISR
11.1.3.1. Market Revenue and Forecast (2020-2032)
11.1.4. Passenger Air Vehicle
11.1.4.1. Market Revenue and Forecast (2020-2032)
11.1.5. Personal Air Vehicle
11.1.5.1. Market Revenue and Forecast (2020-2032)
11.1.5. Cargo & Delivery Aircraft
11.1.5.1. Market Revenue and Forecast (2020-2032)
11.1.5. Others
11.1.5.1. Market Revenue and Forecast (2020-2032)
Chapter 12. Global Autonomous Aircraft Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.1.2. Market Revenue and Forecast, by Component (2020-2032)
12.1.3. Market Revenue and Forecast, by Technology (2020-2032)
12.1.4. Market Revenue and Forecast, by End User (2020-2032)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.1.5.2. Market Revenue and Forecast, by Component (2020-2032)
12.1.5.3. Market Revenue and Forecast, by Technology (2020-2032)
12.1.5.4. Market Revenue and Forecast, by End User (2020-2032)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.1.6.2. Market Revenue and Forecast, by Component (2020-2032)
12.1.6.3. Market Revenue and Forecast, by Technology (2020-2032)
12.1.6.4. Market Revenue and Forecast, by End User (2020-2032)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.2.2. Market Revenue and Forecast, by Component (2020-2032)
12.2.3. Market Revenue and Forecast, by Technology (2020-2032)
12.2.4. Market Revenue and Forecast, by End User (2020-2032)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.2.5.2. Market Revenue and Forecast, by Component (2020-2032)
12.2.5.3. Market Revenue and Forecast, by Technology (2020-2032)
12.2.5.4. Market Revenue and Forecast, by End User (2020-2032)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.2.6.2. Market Revenue and Forecast, by Component (2020-2032)
12.2.6.3. Market Revenue and Forecast, by Technology (2020-2032)
12.2.6.4. Market Revenue and Forecast, by End User (2020-2032)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.2.7.2. Market Revenue and Forecast, by Component (2020-2032)
12.2.7.3. Market Revenue and Forecast, by Technology (2020-2032)
12.2.7.4. Market Revenue and Forecast, by End User (2020-2032)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.2.8.2. Market Revenue and Forecast, by Component (2020-2032)
12.2.8.3. Market Revenue and Forecast, by Technology (2020-2032)
12.2.8.4. Market Revenue and Forecast, by End User (2020-2032)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.3.2. Market Revenue and Forecast, by Component (2020-2032)
12.3.3. Market Revenue and Forecast, by Technology (2020-2032)
12.3.4. Market Revenue and Forecast, by End User (2020-2032)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.3.5.2. Market Revenue and Forecast, by Component (2020-2032)
12.3.5.3. Market Revenue and Forecast, by Technology (2020-2032)
12.3.5.4. Market Revenue and Forecast, by End User (2020-2032)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.3.6.2. Market Revenue and Forecast, by Component (2020-2032)
12.3.6.3. Market Revenue and Forecast, by Technology (2020-2032)
12.3.6.4. Market Revenue and Forecast, by End User (2020-2032)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.3.7.2. Market Revenue and Forecast, by Component (2020-2032)
12.3.7.3. Market Revenue and Forecast, by Technology (2020-2032)
12.3.7.4. Market Revenue and Forecast, by End User (2020-2032)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.3.8.2. Market Revenue and Forecast, by Component (2020-2032)
12.3.8.3. Market Revenue and Forecast, by Technology (2020-2032)
12.3.8.4. Market Revenue and Forecast, by End User (2020-2032)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.4.2. Market Revenue and Forecast, by Component (2020-2032)
12.4.3. Market Revenue and Forecast, by Technology (2020-2032)
12.4.4. Market Revenue and Forecast, by End User (2020-2032)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.4.5.2. Market Revenue and Forecast, by Component (2020-2032)
12.4.5.3. Market Revenue and Forecast, by Technology (2020-2032)
12.4.5.4. Market Revenue and Forecast, by End User (2020-2032)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.4.6.2. Market Revenue and Forecast, by Component (2020-2032)
12.4.6.3. Market Revenue and Forecast, by Technology (2020-2032)
12.4.6.4. Market Revenue and Forecast, by End User (2020-2032)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.4.7.2. Market Revenue and Forecast, by Component (2020-2032)
12.4.7.3. Market Revenue and Forecast, by Technology (2020-2032)
12.4.7.4. Market Revenue and Forecast, by End User (2020-2032)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.4.8.2. Market Revenue and Forecast, by Component (2020-2032)
12.4.8.3. Market Revenue and Forecast, by Technology (2020-2032)
12.4.8.4. Market Revenue and Forecast, by End User (2020-2032)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.5.2. Market Revenue and Forecast, by Component (2020-2032)
12.5.3. Market Revenue and Forecast, by Technology (2020-2032)
12.5.4. Market Revenue and Forecast, by End User (2020-2032)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.5.5.2. Market Revenue and Forecast, by Component (2020-2032)
12.5.5.3. Market Revenue and Forecast, by Technology (2020-2032)
12.5.5.4. Market Revenue and Forecast, by End User (2020-2032)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.5.6.2. Market Revenue and Forecast, by Component (2020-2032)
12.5.6.3. Market Revenue and Forecast, by Technology (2020-2032)
12.5.6.4. Market Revenue and Forecast, by End User (2020-2032)
Chapter 13. Company Profiles
13.1. AeroVironment, Inc.
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Saab AB
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Airbus S.A.S
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Raytheon Company
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. BAE Systems
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Northorp Grumman Corporation
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Boeing Company
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Lockheed Martin Corporation
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Elbit Systems
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Embraer S.A.
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
Contact Us:
Mr. Alex
Sales Manager
Call: +1 9197 992 333
Email: sales@precedenceresearch.com
Web: https://www.precedenceresearch.com
Blog: https://www.expresswebwire.com/
The global adventure motorcycle market size reached USD 14.50 billion in 2023 and is predicted…
The global robotaxi market size is estimated at USD 2.77 billion in 2024 and is…
The Cybertruck Manufacturing Market has garnered significant attention since Tesla unveiled its futuristic electric pickup…
The global automotive switch market size was valued at USD 7.33 billion in 2023 and…
The global automotive seat market size is calculated at USD 94.13 billion in 2024 and…
The global pit bike market size reached USD 2.14 billion in 2023 and is projected…