The Business Research Company’s report on the Autonomous Military Aircraft Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the autonomous military aircraft market’s growth in recent years?
Increasing government funding on defense equipment, such as autonomous military aircraft, to enhance the efficiency of military operations also boosts the demand for the market. For instance, in February 2024, the US government, The Department of Defense (DoD), has requested a total of $310.7 billion in Fiscal Year (FY) 2025 for investment, which includes $167.5 billion for procurement and $143.2 billion for research, development, test, and evaluation (RDT&E). This funding request reflects a balanced portfolio approach to support the implementation of the National Defense Strategy (NDS). Hence, increasing government spending on autonomous military aircraft is a key factor in driving the growth of the autonomous military aircraft market.
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How does the future projection of the autonomous military aircraft market size compare to its historical growth?
The autonomous military aircraft market size has grown strongly in recent years. It will grow from $4.55 billion in 2024 to $4.83 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to mission effectiveness, surveillance and reconnaissance, special operations, cost reduction.
The autonomous military aircraft market size is expected to see strong growth in the next few years. It will grow to $6.16 billion in 2029 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to technological refinement, artificial intelligence and machine learning, armed autonomous aircraft, counter-drone technologies. Major trends in the forecast period include swarming technology, improved payloads, long-endurance uavs, electromagnetic warfare (ew).
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Which key players are shaping the future of the autonomous military aircraft market?
Major companies operating in the autonomous military aircraft market include The Boeing Company, Lockheed Martin Corporation, GE Aviation, Northrop Grumman Corporation, BAE Systems plc, Israel Aerospace Industries Ltd. (IAI), Elbit Systems Ltd., Dassault Aviation S.A., Denel Dynamics (Pty) Ltd, Airbus SE, United Technologies Corporation, General Dynamics Corporation, Raytheon Technologies Corporation, Safran S.A., Rolls-Royce Holdings plc, China Aerospace Science and Technology Corporation, Kratos Defense & Security Solutions Inc., Textron Inc., Anduril Industries, Shield AI Inc., Thales Group, Cobham Limited, QinetiQ Group plc, Endeavor Robotics (formerly known as iRobot Defense and Security), AeroVironment Inc., General Atomics Aeronautical Systems Inc., Aurora Flight Sciences a Boeing Company, Maxar Technologies, SpaceX (Space Exploration Technologies Corp.), The Aerospace Corporation
What trends will propel the growth and evolution of the autonomous military aircraft market?
Major companies operating in the autonomous military aircraft market are focusing on developing advanced solutions, such as drone swarming technology, to enhance conventional deterrence in modern warfare. Drone swarming technology refers to the use of multiple autonomous or semi-autonomous drones that operate in coordination with each other to accomplish a shared goal or mission. For instance, in October 2023, Shield AI, a US-based aerospace and defense company, launched V-BAT Teams, a new product designed to enable multiple V-BAT unmanned aircraft systems (UAS) to operate autonomously in electronically contested environments. It offers unique features such as autonomous mission execution, real-time adaptation to adversaries, and cost-effective scalability for enhanced operational effectiveness in contested environments.
Which regions are expected to become dominant players in the autonomous military aircraft market?
Asia-Pacific was the largest region in autonomous military aircraft market in 2023. Western Europe is expected to be the fastest-growing region in the autonomous military aircraft market during the forecast period. The regions covered in the autonomous military aircraft market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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What are the emerging key segments in the autonomous military aircraft market, and how are they evolving?
The autonomous military aircraft market covered in this report is segmented –
1) By Type: Fighter Aircrafts, Bombers, Reconnaissance And Surveillance Aircrafts, Airborne Early Warning Aircrafts, Others
2) By Component: Flight Management Computers, Air Data Inertial Reference Units, Sensors, Actuation Systems, Software, Intelligent Servos, Cameras, Radars And Transponders, Propulsion Systems
3) By Technology: Remotely Operated, Semi-Autonomous, Autonomous
Subsegments:
1) By Fighter Aircrafts: Autonomous Combat Aircraft, Unmanned Combat Aerial Vehicles (UCAVs)
2) By Bombers: Autonomous Strategic Bombers, Autonomous Tactical Bombers
3) By Reconnaissance And Surveillance Aircrafts: Autonomous Reconnaissance Drones, Surveillance UAVs (Unmanned Aerial Vehicles)
4) By Airborne Early Warning Aircrafts: Autonomous AWACS (Airborne Warning and Control System), Autonomous AEWAndC (Airborne Early Warning And Control) Aircraft
5) By Others: Autonomous Tankers, Autonomous Transport Aircraft, Autonomous Electronic Warfare Aircraft
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How is the autonomous military aircraft market defined, and what are its core characteristics?
Autonomous military aircraft refers to aircraft guided autonomously from the ground, designed to attack surface targets with bombs or missiles and destroy enemy targets in warfare. They carry sensors, target designators, offensive ordnance, and electronic transmitters, among others.
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