Global Autonomous Aircraft Market Report 2022 – Market Forecast, Trends And Strategies

The global autonomous aircraft market size is expected grow from $ 0.71 billion in 2021 to $ 0.83 billion in 2022 at a compound annual growth rate (CAGR) of 15.6%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The autonomous aircraft market is expected to reach $ 1.40 billion in 2026 at a CAGR of 14.2%.

What is the Global Autonomous Aircraft Market?

The autonomous aircraft market consists of sales of autonomous aircraft, and related services, which are used as personal air vehicle and passenger air vehicle. Autonomous aircraft is an unmanned aircraft that does not require pilot interference in-flight management.

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What drives the Global Autonomous Aircraft Market?

The advancement in artificial intelligence is a key factor driving the growth of the autonomous aircraft market. Through managing aircraft and activities with AI-powered technologies, airlines and flight operators will dramatically reduce their operating costs and expenses. Artificial intelligence is now being used by the world's leading airlines to boost operating performance, prevent expensive errors, and increase customer loyalty. For instance, Airbus, one of the largest aerospace companies, is currently using AI to analyze data from multiple factories and determine when manufacturing process variations take place. It helps to resolve the problems sooner, when it's faster and less costly, or even fully avoid them. Therefore, advancements in artificial intelligence are expected to drive the growth of the autonomous aircraft market.

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Global Autonomous Aircraft Market Segments
The global autonomous aircraft market is segmented:
By Technology: Increasingly Autonomous, Fully Autonomous
By Aircraft Type: Fixed-Wing, Rotary-Wing
By Application: Cargo Aircraft, Passenger Aircraft
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.

Autonomous Aircraft Global Market Report 2022provides market size and growth forecasts for the global autonomous aircraft market, global autonomous aircraft market share, autonomous aircraft market segments and geographies, autonomous aircraft market competitive landscape including leading competitors’ revenues, profiles and market shares. The autonomous aircraft market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Autonomous Aircraft Industry Playersinclude Boeing, Airbus, Lockheed Martin, Northrop Grumman, Elbit Systems, Raytheon Company, AeroVironment Inc., Saab AB, BAE Systems, and Aeronautics Ltd. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.