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Autonomous Aircraft Market worth $19.06 billion by 2030, growing at a CAGR of 15.16% - Exclusive Report by 360iResearch
Autonomous Aircraft Market | 360iResearch
The Global Autonomous Aircraft Market to grow from USD 7.09 billion in 2023 to USD 19.06 billion by 2030, at a CAGR of 15.16%.
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Autonomous aircraft are designed to operate without direct human intervention and utilize advanced technologies, including artificial intelligence, machine learning, and sensor networks, to navigate safely in various environments. Increasing defense budgets worldwide for enhancing situational awareness in combat scenarios has directly influenced the demand for autonomous unmanned aerial vehicles (UAVs). Autonomous aircraft technology breakthroughs have also led to the development of flying taxis and personal air vehicles for urban mobility applications. However, the high cost of autonomous aircraft and stringent aircraft regulations may adversely impact the use of autonomous aircraft by the end-use sectors. Moreover, incorporating 5G connectivity to enhance data transmission speeds between aircraft and ground stations and advancements in sensor technologies are expected to provide real-time situational awareness.
The autonomous aircraft market is evolving in the Americas owing to the emphasis on producing technologically advanced aircraft for commercial and military purposes and stringent aircraft safety regulations. Major aviation aircraft manufacturers in Europe are exploring new collaborations to develop advanced autonomous flight technologies. The Middle East & Africa region has witnessed significant growth in investments related to autonomous aircraft to improve the safety and efficiency of aircraft. Increasing manufacturing and research for autonomous aircraft manufacturing coupled with an emphasis on integrating cutting-edge technologies in aircraft is expected to encourage the growth of autonomous aircraft in the APAC region. In addition, the implementation of IoT in autonomous aircraft is anticipated to improve the functionality of autonomous aircraft and increase their deployment for various end-use applications.
Market Segmentation & Coverage:
This research report categorizes the Autonomous Aircraft Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Technology, market is studied across Fully Autonomous and Semi Autonomous. The Fully Autonomous is projected to witness significant market share during forecast period.
Based on Component, market is studied across Actuation System, Air Data Inertial Reference Unit, Camera, Flight Management Computer, Intelligent Servos, Propulsion System, Radar & Transponder, Sensor, and Software. The Intelligent Servos is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Agriculture, Air Medical Services, Cargo & Delivery Aircraft, Combat & ISR, Commercial Aircraft, Mapping & Photography, Passenger Air Vehicle, Personal Air Vehicle, Science & Research, and Survey. The Commercial Aircraft is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 47.16% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Autonomous Aircraft Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Autonomous Aircraft Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Autonomous Aircraft Market, highlighting leading vendors and their innovative profiles. These include AeroVironment, Inc., Airbus S.A.S., Airobotics Ltd., Ansys, Inc., BAE Systems PLC, Bell Textron Inc., Boeing Company, EHang Incorporated, Elbit Systems Ltd., Elroy Air, Inc., General Atomics Aeronautical Systems, Inc., Honeywell International Inc., Hyundai Motor Company, Leonardo S.p.A., Lockheed Martin Corporation, Morgan Stanley, Northrop Grumman Corporation, Raytheon Technologies Corporation, Saab AB, SkyDrive Inc., Skyryse, Inc., Swoop Aero, Xwing Inc., and ZeroAvia, Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Autonomous Aircraft Market, by Technology
7. Autonomous Aircraft Market, by Component
8. Autonomous Aircraft Market, by End-User
9. Americas Autonomous Aircraft Market
10. Asia-Pacific Autonomous Aircraft Market
11. Europe, Middle East & Africa Autonomous Aircraft Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Autonomous Aircraft Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Autonomous Aircraft Market?
3. What is the competitive strategic window for opportunities in the Autonomous Aircraft Market?
4. What are the technology trends and regulatory frameworks in the Autonomous Aircraft Market?
5. What is the market share of the leading vendors in the Autonomous Aircraft Market?
6. What modes and strategic moves are considered suitable for entering the Autonomous Aircraft Market?
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sales@360iresearch.com
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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