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Autonomous Aircraft Flight Management Computer Market to Grow at 5.7% CAGR, Reaching $1.16 Billion by 2029
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.Autonomous Aircraft Flight Management Computer Market Outlook: How is the Market Expected to Grow by 2025?
In recent times, the market size for the autonomous aircraft flight management computer has seen significant growth. The market, valued at $0.88 billion in 2024, is projected to reach $0.93 billion in 2025, growing at a compound annual growth rate (CAGR) of 5.7%. The historical growth can be linked to rising demand for unmanned aerial vehicles, increasing need for automation in the aviation industry, growing commercial airline traffic, and the emergence of urban air mobility.
Autonomous Aircraft Flight Management Computer Market Forecast: What Size Will It Reach By 2029?
Expectations are high for significant expansion in the autonomous aircraft flight management computer market in the coming years. A compound annual growth rate (CAGR) of 5.7% is projected, leading to a market worth of $1.16 billion by 2029. The anticipated growth during the forecasted period is due to the rising demand for fully autonomous cargo and passenger aircraft, increased use in space exploration, wider investment in drone delivery mechanisms, growth in smart airport developments, and greater regulatory support for autonomous flight operations. The forecast period will also see key trends such as advancements in artificial intelligence technology, the evolution of autonomous control systems, increased utilisation of machine learning, innovations in power management systems, and enhanced integration with ground control systems.
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Which Key Market Drivers Will Shape Autonomous Aircraft Flight Management Computer Industry Trends in 2025-2029?
The autonomous aircraft flight management computer market is projected to expand due to an increase in passenger numbers. This surge is primarily propelled by economic growth, ensuring increased affordability for traveling, and the proliferation of airline routes, which offer an enhanced reach to various destinations. Autonomous flight management systems curtail human errors, viewed as a major factor behind aviation crashes. These systems are designed to efficiently administer crucial flight operations including navigation, autopilot, and route optimization. Moreover, they can track the aircraft status in real-time and respond swiftly to any anomalies compared to a human pilot. For example, the U.S. Department of Transportation reported in March 2023 that in 2022, U.S. airlines carried 853 million passengers, witnessing a 30% spike from 2021's 658 million, contributing an extra 194 million passengers relative to the previous year and dramatically towering over the 388 million in 2020. Hence, the rise in passengers is fueling the growth of the autonomous aircraft flight management computer market.
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What Are the High-Growth Segments in the Autonomous Aircraft Flight Management Computer Market?
The autonomous aircraft flight management computer market covered in this report is segmented -
1) By Component: Hardware, Software, Services
2) By Platform: Fixed Wing, Rotary Wing, Other Platforms
3) By Technology: Fully Autonomous, Increasingly Autonomous
4) By End-User: Passenger Air Vehicle, Personal Air Vehicle, Combat And Intelligence, Surveillance, And Reconnaissance (ISR), Air Medical Services, Cargo And Delivery Aircraft, Other End-Users
Subsegments:
1) By Hardware: Flight Control Units, Navigation Systems, Sensors and Actuators, Communication Equipment
2) By Software: Flight Planning Software, Navigation Software, Control Algorithms, Data Management Software
3) By Services: Maintenance And Support Services, Installation And Integration Services, Training Services
Which Global Trends Are Driving Autonomous Aircraft Flight Management Computer Market Expansion?
Prominent players in the autonomous aircraft flight management computer market are now focusing on the creation of digital platforms for managing autonomous drone fleets to enhance flight procedures and optimise real-time data interpretation for informed decision-making. Essentially, this system is a software platform that facilitates the simultaneous operation, supervision, and regulation of a myriad of drones. For example, in February 2022, Telefónica, S.A., a telecommunications enterprise from Spain, introduced a ground-breaking autonomous drone fleet management solution meant to amplify security measures, a product of their partnership with Unmanned Life, a software provider from Spain specialized in autonomous robotics orchestration. This sophisticated system provides a platform for managing numerous drones, thereby effectively enabling surveillance, event corroboration, and critical infrastructure upkeep from one place. The solution ensures all drones are managed from a single platform autonomously, optimizing processes whilst minimizing the necessity for human interference.
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Who Are the Fastest-Growing Companies in the Autonomous Aircraft Flight Management Computer Industry?
Major companies operating in the autonomous aircraft flight management computer marker are Raytheon Technologies, Boeing Company, Lockheed Martin Corporation, Airbus SE, Northrop Grumman Corporation, Honeywell Aerospace, BAE Systems, Safran Group, Thales Group, Elbit Systems Ltd., Moog Inc., Curtiss-Wright Corporation, QinetiQ Group plc, Elnfochips, Duncan Aviation, Wisk, Avidyne Corporation, Aéro Montréal, Auterion, UAV Navigation, Aeroscout Gmbh, Avionics International, Stavatti Aerospace
What Is the Regional Outlook for the Autonomous Aircraft Flight Management Computer Market by 2029?
North America was the largest region in the autonomous aircraft flight management computers market in 2024. The regions covered in the autonomous aircraft flight management computer marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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