The autonomous aircraft flight management computer global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Autonomous Aircraft Flight Management Computer Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The autonomous aircraft flight management computer market size has grown rapidly in recent years. It will grow from $1.69 billion in 2023 to $1.89 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The growth in the historic period can be attributed to an increase in demand for unmanned aerial vehicles, a rising need for automation in aviation, growing commercial airline traffic, and the rise of urban air mobility.
The autonomous aircraft flight management computer market size is expected to see rapid growth in the next few years. It will grow to $3.02 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%. The growth in the forecast period can be attributed to increasing demand for fully autonomous cargo and passenger aircraft, expanding applications in space exploration, growing investments in drone delivery systems, increasing development of smart airports, and increasing regulatory support for autonomous flight operations. Major trends in the forecast period include technological advancements in artificial intelligence, developing autonomous control systems, integration of machine learning, innovation in power management systems, and integration with ground control systems.
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Scope Of Autonomous Aircraft Flight Management Computer Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Autonomous Aircraft Flight Management Computer Market Overview
Market Drivers –
The rise in the number of passengers is expected to propel the growth of the autonomous aircraft flight management computer market going forward. The rise in passenger numbers is driven by economic growth, allowing more people to afford travel, and the expansion of airline networks, offering greater access to new destinations. Autonomous flight management systems reduce human error, which is a leading cause of aviation accidents. These systems can manage critical flight tasks such as navigation, autopilot, and route optimization with high precision. They can also monitor the aircraft’s status in real-time, responding to any irregularities faster than a human pilot. For instance, in March 2023, according to the U.S. Department of Transportation, a US-based department of transportation, in 2022, U.S. airlines transported 853 million passengers, a 30% increase from 2021’s 658 million, adding 194 million more passengers compared to the previous year and significantly up from 388 million in 2020. Therefore, the rise in the number of passengers is driving the growth of the autonomous aircraft flight management computer market.
Market Trends –
Major companies operating in the autonomous aircraft flight management computer market are developing autonomous drone fleet management systems to streamline flight operations and improve real-time data analysis for better decision-making. An autonomous drone fleet management system is a software platform that simultaneously enables the coordinated operation, monitoring, and control of multiple drones (unmanned aerial vehicles). For instance, in February 2022, Telefónica, S.A., a Spain-based telecommunications company, launched an innovative autonomous drone fleet management solution designed to enhance security operations and developed in collaboration with Unmanned Life, a Spain-based software platform for seamless orchestration of autonomous robotics. This advanced system allows for the centralized management of multiple drones, enabling efficient surveillance, event verification, and critical infrastructure maintenance. The solution operates from a single platform that manages all drones autonomously, streamlining operations and reducing the need for manual intervention.
The autonomous aircraft flight management computer market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Platform: Fixed Wing, Rotary Wing, Other Platforms
3) By Technology: Fully Autonomous, Increasingly Autonomous
4) By End-User: Passenger Air Vehicle, Personal Air Vehicle, Combat And Intelligence, Surveillance, And Reconnaissance (ISR), Air Medical Services, Cargo And Delivery Aircraft, Other End-Users
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Regional Insights –
North America was the largest region in the autonomous aircraft flight management computers market in 2023. The regions covered in the autonomous aircraft flight management computer marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the autonomous aircraft flight management computer marker are Raytheon Technologies, Boeing Company, Lockheed Martin Corporation, Airbus SE, Northrop Grumman Corporation, Honeywell Aerospace, BAE Systems, Safran Group, Thales Group, Elbit Systems Ltd., Moog Inc., Curtiss-Wright Corporation, QinetiQ Group plc, Elnfochips, Duncan Aviation, Wisk, Avidyne Corporation, Aéro Montréal, Auterion, UAV Navigation, Aeroscout Gmbh, Avionics International, Stavatti Aerospace
Table of Contents
1. Executive Summary
2. Autonomous Aircraft Flight Management Computer Market Report Structure
3. Autonomous Aircraft Flight Management Computer Market Trends And Strategies
4. Autonomous Aircraft Flight Management Computer Market – Macro Economic Scenario
5. Autonomous Aircraft Flight Management Computer Market Size And Growth
…..
27. Autonomous Aircraft Flight Management Computer Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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