Global Autonomous Aircraft Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

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

Global Autonomous Aircraft Market Size And Drivers:

The global autonomous aircraft market is expected grow from $0.76 billion in 2020 to $0.85 billion in 2021 at a compound annual growth rate (CAGR) of 11.8%. The growth 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 $1.52 billion in 2025 at a CAGR of 16%. The advancement in artificial intelligence is a key factor driving the growth of the autonomous aircraft market.

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Trends In The Global Autonomous Aircraft Market

In March 2018, Boeing, a US-based manufacturer of commercial jetliners, defense, space and security systems, acquired Aurora Flight Sciences for an undisclosed amount. Aurora's acquisition is a big boost for Boeing as it is an engagement with a company that has long experience in VTOL aircraft development, autonomous flight capabilities, and electric aircraft development. It also places Boeing in the running for the autonomous air taxi market, which is still in its stage of germination. Aurora Flight Sciences, a Virginia-based company, is working on a vertical take-off and landing (VTOL) aircraft for the U.S. Air Force.

Global Autonomous Aircraft Market Segments:
The global autonomous aircrafts market is further segmented –
By Technology: Increasingly Autonomous, Fully Autonomous
By End Use: Passenger Air Vehicle, Personal Air Vehicle
By Aircraft Type: Fixed-Wing, Rotary-Wing
By Application: Cargo Aircraft, Passenger Aircraft
By End User: Commercial, Defense
By Geography: The global autonomous aircraft market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Autonomous Aircraft Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides autonomous aircraft market overviews, analyzes and forecasts market size and growth for the global autonomous aircraft market, autonomous aircraft market share, autonomous aircraft market players, autonomous aircraft market segments and geographies, autonomous aircraft market’s 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.