Global Autonomous Aircraft Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2029. Autonomous Aircraft are advanced aircraft that can fly by using automated control systems without any intervention from human pilots. It requires embedded software and artificial intelligence systems which help to perceive risky situations. It helps to plan a safe path of motions and execute those motions. The Autonomous Aircraft market is expanding because of factors such as the rising advancement in artificial intelligence and reduced human error.
AI software plays a critical role in enabling autonomous aircraft to perform these functions safely and efficiently. AI algorithms are used for tasks such as object recognition, path planning, and collision avoidance, all of which are essential for the safe operation of autonomous aircraft. According to Statista in 2022, the global artificial intelligence software market is growing rapidly with 54% year-on-year growth. It has reached around USD 22.6 billion. Also, it is projected to reach around USD 126 billion by 2025. Whereas rising operations and efficiency and cost savings and growing advantages in reducing emissions create lucrative opportunities for the market. However, safety during emergency hampers market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Autonomous Aircraft Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the increasing number of procurements of tactical autonomous aircrafts, and rising focus towards the development of autonomous aircraft. Whereas North America is expected to grow with the highest CAGR during the forecast period, owing to factors such as increasing development and growth activities across the autonomous aircraft industry.
Major market players included in this report are:
- Northrop Grumann Corporation
- The Boeing Company
- Lockheed Martin Corporation
- Raytheon Technologies Company
- Elbit Systems Ltd
- AeroVironment Inc.
- Saab AB
- BAE Systems plc
- Airbus SE
- Textron Inc. (Bell Helicopters)
Recent Developments in the Market:
- In October 2021, Textron Aviation formed an exclusive partnership with Xwing to develop self-driving capabilities for its current and future aircraft. Textron's Cessna Grand Caravan utility aircraft will benefit from remote piloting technology developed by the companies.
- In September 2021, Northrop Grumman unveiled the Model 437, a new autonomous aircraft with a 3,000-mile range. The aircraft was designed in collaboration with Scaled Composites as a potential force multiplier for the US Air Force.
Global Autonomous Aircraft Market Report Scope:
- Historical Data 2019-2020-2021
- Base Year for Estimation 2021
- Forecast period 2022-2029
- Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered Aircraft Type, Application, End User, Region
- Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Aircraft Type:
By Application:
- Cargo Aircraft
- Passenger Aircraft
By End User:
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Autonomous Aircraft Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Autonomous Aircraft Market, by Aircraft type, 2019-2029 (USD Billion)
- 1.2.3. Autonomous Aircraft Market, by Application, 2019-2029 (USD Billion)
- 1.2.4. Autonomous Aircraft Market, by End User, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Autonomous Aircraft Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Autonomous Aircraft Market Dynamics
- 3.1. Autonomous Aircraft Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising advancement in artificial intelligence
- 3.1.1.2. Reduced human error.
- 3.1.2. Market Challenges
- 3.1.2.1. Safety during emergency
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising operations and efficiency and cost savings
- 3.1.3.2. Advantages in reducing emissions.
Chapter 4. Global Autonomous Aircraft Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Investment Adoption Model
- 4.5. Analyst Recommendation & Conclusion
- 4.6. Top investment opportunity
- 4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Autonomous Aircraft Market, by Aircraft Type
- 6.1. Market Snapshot
- 6.2. Global Autonomous Aircraft Market by Aircraft Type, Performance - Potential Analysis
- 6.3. Global Autonomous Aircraft Market Estimates & Forecasts by Aircraft Type 2019-2029 (USD Billion)
- 6.4. Autonomous Aircraft Market, Sub-Segment Analysis
- 6.4.1. Fixed Wing
- 6.4.2. Rotary Wing
Chapter 7. Global Autonomous Aircraft Market, by Application
- 7.1. Market Snapshot
- 7.2. Global Autonomous Aircraft Market by Application, Performance - Potential Analysis
- 7.3. Global Autonomous Aircraft Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
- 7.4. Autonomous Aircraft Market, Sub Segment Analysis
- 7.4.1. Cargo Aircraft
- 7.4.2. Passenger Aircraft
Chapter 8. Global Autonomous Aircraft Market, by End User
- 8.1. Market Snapshot
- 8.2. Global Autonomous Aircraft Market by End User, Performance - Potential Analysis
- 8.3. Global Autonomous Aircraft Market Estimates & Forecasts by End User 2019-2029 (USD Billion)
- 8.4. Autonomous Aircraft Market, Sub Segment Analysis
- 8.4.1. Commercial
- 8.4.2. Defense
Chapter 9. Global Autonomous Aircraft Market, Regional Analysis
- 9.1. Autonomous Aircraft Market, Regional Market Snapshot
- 9.2. North America Autonomous Aircraft Market
- 9.2.1. U.S. Autonomous Aircraft Market
- 9.2.1.1. Aircraft Type breakdown estimates & forecasts, 2019-2029
- 9.2.1.2. Application breakdown estimates & forecasts, 2019-2029
- 9.2.1.3. End User breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Autonomous Aircraft Market
- 9.3. Europe Autonomous Aircraft Market Snapshot
- 9.3.1. U.K. Autonomous Aircraft Market
- 9.3.2. Germany Autonomous Aircraft Market
- 9.3.3. France Autonomous Aircraft Market
- 9.3.4. Spain Autonomous Aircraft Market
- 9.3.5. Italy Autonomous Aircraft Market
- 9.3.6. Rest of Europe Autonomous Aircraft Market
- 9.4. Asia-Pacific Autonomous Aircraft Market Snapshot
- 9.4.1. China Autonomous Aircraft Market
- 9.4.2. India Autonomous Aircraft Market
- 9.4.3. Japan Autonomous Aircraft Market
- 9.4.4. Australia Autonomous Aircraft Market
- 9.4.5. South Korea Autonomous Aircraft Market
- 9.4.6. Rest of Asia Pacific Autonomous Aircraft Market
- 9.5. Latin America Autonomous Aircraft Market Snapshot
- 9.5.1. Brazil Autonomous Aircraft Market
- 9.5.2. Mexico Autonomous Aircraft Market
- 9.6. Rest of The World Autonomous Aircraft Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. Northrop Grumann Corporation.
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. The Boeing Company
- 10.2.3. Lockheed Martin Corporation
- 10.2.4. Raytheon Technologies Company
- 10.2.5. Elbit Systems Ltd
- 10.2.6. AeroVironment Inc.
- 10.2.7. Saab AB
- 10.2.8. BAE Systems plc
- 10.2.9. Airbus SE
- 10.2.10. Textron Inc. (Bell Helicopters)
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption