The autonomous aircraft market size is expected to see strong growth in the next few years. It will grow to <b>$1.42 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. </b> The growth in the forecast period can be attributed to urban air mobility (uam), environmental concern, environmental concerns, technological refinement. Major trends in the forecast period include connectivity and 5g, advanced sensors and perception systems, autonomous cargo delivery, artificial intelligence and machine learning.
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Segmentation & Regional Insights
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
<b>North America</b> was the largest region in autonomous aircraft market in 2023. <b>Asia-Pacific</b> 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
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the autonomous aircraft market include <b>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.</b>
The autonomous aircraft market report table of contents includes:
- Executive Summary
- Autonomous Aircraft Market Characteristics
- Autonomous Aircraft Market Trends And Strategies
- Autonomous Aircraft Market – Macro Economic Scenario
- Global Autonomous Aircraft Market Size and Growth
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- Global Autonomous Aircraft Market Competitive Benchmarking
- Global Autonomous Aircraft Market Competitive Dashboard
- Key Mergers And Acquisitions In Autonomous Aircraft Market
- Autonomous Aircraft Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- The Boeing Company
- Airbus SE
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Elbit Systems Ltd.
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