The autonomous aircraft flight management computer market size has grown rapidly in recent years. It will grow from $1.69 billion in 2023 to $1.89 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The growth in the historic period can be attributed to an increase in demand for unmanned aerial vehicles, a rising need for automation in aviation, growing commercial airline traffic, and the rise of urban air mobility. The autonomous aircraft flight management computer market size is expected to see rapid growth in the next few years. It will grow to $3.02 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%. The growth in the forecast period can be attributed to increasing demand for fully autonomous cargo and passenger aircraft, expanding applications in space exploration, growing investments in drone delivery systems, increasing development of smart airports, and rising regulatory support for autonomous flight operations. Major trends in the forecast period include technological advancements in artificial intelligence, the development of autonomous control systems, integration of machine learning, innovations in power management systems, and integration with ground control systems.
Global Autonomous Aircraft Flight Management Computer Market Key Driver
The growing demand for homemade products is expected to drive the growth of the automatic bread machine market going forward. Homemade products refer to goods or items crafted or produced at home using natural or locally sourced materials, often emphasizing quality and personalization. The rising demand for homemade products is driven by consumers seeking healthier, natural options free from chemicals and additives found in mass-produced items. Automatic bread machines streamline the baking process by handling kneading and baking, providing consistent results with minimal effort. They save time and energy compared to traditional methods, making homemade products more convenient and enjoyable. For instance, in December 2023, according to the Bureau of Labor Statistics, a US-based federal agency, in 2022, the average annual expenditure for homemade products rose to $5,703, marking an 8.4% increase from $5,259 in 2021. Therefore, the growing demand for homemade products is driving the growth of the automatic bread machine market.
Get A Free Sample Of The Autonomous Aircraft Flight Management Computer Market Report
Global Autonomous Aircraft Flight Management Computer Market Segments
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
By Geography:The regions covered in the autonomous aircraft flight management computer marker report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the autonomous aircraft flight management computers market in 2023.
Major Autonomous Aircraft Flight Management Computer Industry Players
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
Purchase The Global Autonomous Aircraft Flight Management Computer Market Report Directly And Get A Swift Delivery
Autonomous Aircraft Flight Management Computer Market Overview
An autonomous aircraft flight management computer (AFMC) is a system that autonomously manages flight operations, including navigation, flight control, and mission planning for aircraft, often used in unmanned aerial vehicles (UAVs). It integrates sensors and algorithms to make real-time decisions, ensuring safe and efficient flight without human intervention.
Autonomous Aircraft Flight Management Computer Global Market Report 2023 provides data on the global autonomous aircraft flight management computer market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The autonomous aircraft flight management computer market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
