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

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.

Global Autonomous Military Aircraft Market Size And Drivers:

The global autonomous military aircraft market is expected grow from $4.06 billion in 2020 to $4.22 billion in 2021 at a compound annual growth rate (CAGR) of 3.9%. 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 market is expected to reach $5.65 billion in 2025 at a CAGR of 8%. Increasing government funding on defense equipment such as autonomous military aircraft to enhance the efficiency in military operations boosts the demand for the market.

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Trends In The Global Autonomous Military Aircraft Market

Autonomous military aircraft companies are making efforts to embed artificial intelligence (AI) and specialize in the development of software, including machine learning and AI that are core capabilities for these advanced systems. The ability of a system to decide on the most suitable action from sensor data input to fulfill the intent for operations by making guesses without human input can be achieved by AI technology. Through edge processing, aircraft do not have to send information to the cloud and thus may achieve greater performance, information security, and autonomy. U.S. Defense Advanced Research Projects Agency (DARPA) is seeking to advance artificial intelligence technologies for individual and team aerial dogfighting tactics.

Global Autonomous Military Aircraft Market Segments:
The global autonomous military aircraft market is further 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 & Transponders, Propulsion Systems
By Geography: The global autonomous military aircraft market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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