The autonomous military aircraft market consists of sales of autonomous military aircraft which are guided autonomously from the ground, designed to attack surface targets with bombs or missiles and to destroy enemy targets in warfare. They carry sensors, target designators, offensive ordnance, and electronic transmitters among others.
The global autonomous military aircraft market is expected to decline from $4.45 billion in 2019 to $3.73 billion in 2020 at a compound annual growth rate (CAGR) of -16.16%. 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 $4.35 billion in 2023 at a CAGR of 5.23%.
