Autonomous Aircraft Market Size & Insights

The Global Autonomous Aircraft Market size is valued at USD 7.5 Billion in 2024 and is expected to reach USD 16.6 Billion by 2030, exhibiting a growth rate (CAGR) of 15.2% during the forecast period, i.e., 2024-30. The competitive advantages of autonomous technologies aerial vehicles, such as lower human intervention & operational errors and reduced operation costs, are expected to surge the demand for autonomous aircraft systems during the forecast period. The development of artificial intelligence and smart technologies, along with the increasing adoption of auto-functioning in the aviation sector, are key factors boosting the overall market growth.

What are the Key DROs in the Autonomous Aircraft Market?

Integration of Artificial Intelligence (AI) & IoT for Autonomous Aircraft to Augment Growth – The integration of advanced concepts, such as AI & the Internet of Things (IoT) in autonomous aircraft by several companies is a thriving opportunity in the autonomous market adopted across the globe. Airbus SAS, Boeing, Lockheed Martin Corporation, Northrop Grumman Corporation, and other companies are incorporating intelligent AI-powered solutions that leverage data from various sensors and advanced real-time systems to develop aircraft designs, thus providing lucrative opportunities to augment the Global Autonomous Aircraft Market.

What are the Key Segments in the Autonomous Aircraft Market?

The Autonomous Aircraft is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

By Aircraft Type

• Fixed Wing
• Rotary Wing

The Autonomous Aircraft Market is currently being dominated by Rotary Wing Autonomous Aircraft, mainly due to its versatile features. 

By Technology

• Increasingly Autonomous
• Fully Autonomous

By Component

• Radars & Transponders
• Propulsion Systems
• Actuation System
• Air Data Inertial Reference Units
• Flight Management Computers
• Others
  
  

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By End-User

• Air Medical Service
• Commercial Aircraft
• Defense
• Cargo & Delivery Aircraft
• Others

How does geographical analysis highlight in the Autonomous Aircraft market?

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

The North American region held the highest market share in the Global Autonomous Aircraft Market and is expected to continue its dominance during the forecast period.

Who are the Key Players in Autonomous Aircraft Market?

• AeroVironment, Inc.
• Airbus S.A.S.
• BAE Systems
• Boeing
• Elbit Systems
• Embraer
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Raytheon Technologies
• Saab AB
• General Atomics Aeronautical Systems
• Textron Inc.
• RTX Corporation and others.
  
  

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Autonomous Aircraft Market News

• 2023: Northrop Grumman Corporation was awarded a contract by the US Defense Advanced Research Project Agency's (DARPA) Tactical Technology Office to create an unmanned aircraft system capable of autonomously taking off and landing vertically (VTOL) from a Navy ship in motion.

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• Risk Identification: Pinpoint challenges to inform strategic planning.
• Future Forecasts: Prepare for market changes with actionable projections.

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