The global autonomous military aircraft market size is expected grow from $4.75 billion in 2021 to $5.15 billion in 2022 at a compound annual growth rate (CAGR) of 8.4%. 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 military aircraft market is expected to reach $6.66 billion in 2026 at a CAGR of 6.6%.
What is the Global Autonomous Military Aircraft Market?
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.
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What drives the Global Autonomous Military Aircraft Market?
Increasing government funding on defense equipment such as autonomous military aircraft to enhance the efficiency in military operations boosts the demand for the market. For instance, the UK government funded $152.3 million (GBP 125 million) to support research on new technologies for autonomous aircraft. Hence, increasing government spending on autonomous military aircraft is a key factor for driving the market.
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Global Autonomous Military Aircraft Market Segments
The global autonomous military aircraft market is segmented:
By Technology: Remotely Operated, Semi-Autonomous, Autonomous
By Type: Fighter Aircrafts, Bombers, Reconnaissance and Surveillance Aircrafts, Airborne Early Warning Aircrafts, Others
By Component: Flight Management Computers, Air Data Inertial Reference Units, Sensors, Actuation Systems, Software, Intelligent Servos, Cameras, Radars and Transponders, Propulsion Systems
By Geography: The regions covered in the autonomous military aircraft market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Autonomous Military Aircraft Global Market Report 2022provides market size and growth forecasts for the global autonomous military aircraft market, global autonomous military aircraft market share, autonomous military aircraft market segments and geographies, autonomous military aircraft market competitive landscape including leading competitors’ revenues, profiles and market shares. The autonomous military aircraft market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Autonomous Military Aircraft Industry Playersinclude Boeing, Lockheed Martin Corp, GE Aviation, Northrop Grumman, BAE Systems, Israel Aerospace Industries (IAI), Elbit Systems, Dassault Aviation S.A., Denel Dynamics, Airbus SE, United Technologies Corporation, General Dynamics Corporation, Raytheon Company, Safran SA, Rolls Royce, China Aerospace Science, and Technology Corporation, Kratos Defense & Security Solutions Inc., and Textron Inc. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
