Autonomous Aircraft Market Size, Value, Leading Companies, Growth Factors and Forecast 2023-2028

According to IMARC Group's latest report, titled "Autonomous Aircraft Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″, The global autonomous aircraft market size reached US$ 7.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 23.1 Billion by 2028, exhibiting a growth rate (CAGR) of 18.30% during 2023-2028.

Autonomous aircraft, also known as unmanned aerial vehicles (UAVs) or drones, has emerged as a revolutionary technology that can fly without human intervention. They are equipped with sensors, global positioning systems (GPS), cameras, and communication systems that enable them to navigate, sense their surroundings, and make self-informed decisions. From small handheld devices to large commercial aircraft, autonomous drones can perform a diverse range of tasks, such as surveying land, tracking wildlife, delivering packages, and monitoring the environment. They can also be utilized in search and rescue operations, military combat missions, and disaster response. One of the key benefits of autonomous aircraft includes minimized risk to human pilots in dangerous or hazardous environments. As a result, they are witnessing a considerable demand across the globe.

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Autonomous Aircraft Market Trends:

The increasing concerns about pilot safety when operating in hazardous environments represent one of the key factors driving the market growth. The market is also benefiting from technological advancements in artificial intelligence (AI), the internet of things (IoT), and machine learning (ML) platforms that have enabled the development of more sophisticated autonomous systems. In addition to this, the rising need for more efficient and cost-effective operations and the shifting focus on reducing carbon emissions and sustainable development are providing an impetus to the market growth. Moreover, significant investments in autonomous aircraft by governments and private organizations in various nations are creating lucrative growth opportunities for the market. Other factors, such as rapid industrialization, extensive research and development (R&D) activities, and increasing disposable income levels, are fueling the market growth.

Autonomous Aircraft Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the autonomous aircraft market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Aerovironment Inc.
• Airbus S.A.S.
• BAE Systems plc
• Bell Textron Inc. (Textron Inc.)
• Elbit Systems Ltd.
• Kitty Hawk Corporation
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Saab AB
• The Boeing Company

Key Market Segmentation:

The report has segmented the global autonomous aircraft market based on component, technology, aircraft type, end-use and region.

Breakup by Component:

• Flight Management Computers
• Air Data Inertial Reference Units
• Sensors
• Actuation Systems
• Software
• Intelligent Servos
• Cameras
• Radars and Transponders
• Propulsion Systems

Breakup by Technology:

• Increasingly Autonomous
• Fully Autonomous

Breakup by Aircraft Type:

• Fixed Wing
• Rotary Wing

Breakup by End Use:

• Commercial Aircraft
• Combat and ISR
• Cargo and Delivery Aircraft
• Passenger Air Vehicle
• Personal Air Vehicle
• Air Medical Services
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

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Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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