The autonomous aircraft market sales was valued at approximately USD 6.75 billion in 2021, and it is expected to witness a revenue of USD 35.5 billion in 2030, with a CAGR of 20.25% from 2022 to 2030.
The rising investments in the development of next-generation aircrafts with no human intervention is boosting the growth of the autonomous aircraft market. The report contains 150+ pages of detailed analysis. The base year for the study has been considered 2021, the historic year 2017 and 2020, and the forecast period considered is from 2022 to 2030.
Some of the key players in the global autonomous aircraft market include:
- AeroVironment, Inc.
- Saab AB
- Airbus S.A.S
- Raytheon Company
- BAE Systems
- Northorp Grumman Corporation
- Boeing Company
- Lockheed Martin Corporation
- Elbit Systems
- Embraer S.A.
Key Market Trends
Autonomous Cargo Aircraft Expected to Hit the Market Earlier than the Autonomous Passenger Aircraft
Cargo planes are expected to be the first to adopt this autonomous aircraft technology. In passenger flights, safety and the lives of people are given paramount importance, and thus, the adoption of autonomous aircraft should start after continuous and rigorous testing is done. This is not the case with cargo aircraft, as the level of life risk is zero with the use of autonomous aircraft in cargo planes. Additionally, the growth in the e-commerce industry is driving the air cargo demand, which may increase the demand for air cargo pilots in the near future. Hence, most of the developments in the autonomous aircraft market are aimed at bringing the autonomous cargo aircraft into commercial use, to fill in the gap due to the pilot shortage. Boeing’s futuristic NeXt division oversees its heavy-duty drone prototype that is capable of lifting a 500-pound payload. The so-called “cargo air vehicle” conducted its first indoor flight test last year, and may move to outdoor testing in 2021. Many such developments are currently underway, and these are expected to help the autonomous cargo aircraft be introduced into the market within the next decade.
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North America is Expected to Witness the Highest Growth During the Forecast Period
North America currently has the highest market share in the autonomous aircraft market, due to the high number of procurements of tactical autonomous UAVs in the region. Additionally, various developments in the North American region, in terms of autonomous aircraft may lead to the region being the fastest growing one. Currently, the United States is increasingly focused on the development of autonomous aircraft. The United States has hit a roadblock in the usage of such aircraft for commercial applications, due to governmental regulations, but the growing scale of autonomous aircraft development may lead to its growth in the coming years. Technological advancement, which is high in countries, like the United States, has led to the development of advanced autonomous aircraft, which can adapt to changing conditions, as well as handle flying situations, without any human intervention. Likewise, in the near future, autonomous aircraft can also increasingly be used for the transportation of cargo, and North America is expected to be the pioneer to all these. Thus, various ongoing developments may lead to the growth of the industry in North America in the near future.
Market Segmentation
By Aircraft Type
- Rotary Wing
- Fixed Wing
By Component
- Radars &Transponders
- Propulsion Systems
- Cameras
- Sensors
- Actuation System
- Air Data Inertial Reference Units
- Flight Management Computers
- Software
- Others
By Technology
- Increasingly Autonomous
- Fully Autonomous
By End User
- Air Medical Service
- Commercial Aircraft
- Combat & ISR
- Passenger Air Vehicle
- Personal Air Vehicle
- Cargo & Delivery Aircraft
- Others
Regional Segmentation
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
Research Methodology
A unique research methodology has been utilized to conduct comprehensive research on the growth of the global autonomous aircraft market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the draw conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global autonomous aircraft market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.
Why should you invest in this report?
If you are aiming to enter the global autonomous aircraft market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for autonomous aircraft are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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