Global Autonomous Aircraft Market Price 2024, Forecast To 2033
8 Jan, 2024
The autonomous aircraft market has experienced rapid growth, increasing from $0.92 billion in 2023 to $1.05 billion in 2024, with a 13.7% CAGR. This growth is attributed to considerations of safety and efficiency, military and defense applications, commercial use cases, and regulatory developments. The forecast period predicts strong growth, reaching $1.42 billion in 2028, fueled by urban air mobility (UAM), environmental concerns, technological refinements, and the integration of connectivity and 5G.
Global Autonomous Aircraft Market Key Driver
Advancements in artificial intelligence (AI) are a crucial factor propelling the autonomous aircraft market's growth. AI-powered technologies enable airlines to reduce operating costs, prevent errors, and enhance customer loyalty. Airbus utilizes AI to analyze data from multiple factories, addressing manufacturing process variations efficiently. The continuous adoption of AI technologies is expected to drive the autonomous aircraft market's growth.
Get A Free Sample Of The Global Autonomous Aircraft Market ReportGlobal Autonomous Aircraft Market Segments
The autonomous aircraft market covered in this report is segmented –
1) By Technology: Increasingly Autonomous, Fully Autonomous
2) By Aircraft Type: Fixed-Wing, Rotary-Wing
3) By Application: Cargo Aircraft, Passenger Aircraft
4) By End User: Commercial, Defense
By Geography: The regions covered in the autonomous aircraft market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
North America was the largest region in autonomous aircraft market in 2023. Asia-Pacific is expected to be the fastest-growing region in the autonomous aircraft market during the forecast period. The regions covered in the autonomous aircraft market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Autonomous Aircraft Industry Players
The Boeing Company, Airbus SE, Lockheed Martin Corporation, Northrop Grumman Corporation, Elbit Systems Ltd., Raytheon Technologies Corporation, AeroVironment Inc., Saab Group, BAE Systems plc, Aeronautics Ltd., General Atomics Aeronautical Systems Inc., Airobotics Ltd., Aston Martin Lagonda Global Holdings plc, Aurora Flight Sciences a Boeing Company, Bell Textron Inc., Embraer S.A., Joby Aviation Inc., Karem Aircraft Inc., Lift Aircraft Inc., Piasecki Aircraft Corporation, Planck Aero Inc., PrecisionHawk Inc., SkyLights Inc, Volocopter GmbH, Wing, Textron Inc., Israel Aerospace Industries Ltd. (IAI), Collins Aerospace a Raytheon Technologies company, Opener Inc., Xwing Inc.
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Autonomous Aircraft Market Overview
An autonomous aircraft is an unmanned aircraft that does not require pilot interference in flight management. These are used as personal, passenger, and defense air vehicles.
Autonomous Aircraft Global Market Report 2023 provides data on the global autonomous aircraft market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The autonomous aircraft market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.