The autonomous aircraft market consists of sales of autonomous aircraft, and related services, which are used as personal air vehicle and passenger air vehicle. The autonomous aircraft is an unmanned aircraft that does not require pilot interference in flight management.
The global autonomous aircraft market is expected to decline from $0.84 billion in 2019 to $0.79 billion in 2020 at a compound annual growth rate (CAGR) of -6.35%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $1.27 billion in 2023 at a CAGR of 17.06%.
