The autonomous military aircraft market size is expected to see strong growth in the next few years. It will grow to <b>$7.97 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. </b> 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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Segmentation & Regional Insights
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 Intertial Refernece Units, Sensors, Actuation Systems, Software, Intelligent Servos, Cameras, Radars & Transponders, Propulsion Systems
3) By Technology: Remotely Operated, Semi-Autonomous, Autonomous
<b>Asia-Pacific</b> was the largest region in autonomous military aircraft market in 2023. <b>Western Europe</b> 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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Major Driver Impacting Market Growth
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 September 2021, the UK government invested nearly £400 million in the Royal Air Force (RAF) to upgrade the capabilities of two of its most important assets such as the C-17 Globemaster airplane and the CH-47 Chinook helicopter. £324 million will be invested in the UK’s C-17 fleet. As part of a contract with the US Air Force, this will upgrade hardware and software to improve airlift capability. As part of a £64 million contract with Boeing Defence UK (BDUK), the UK’s fleet of Mk5 and Mk6 Chinook helicopters will be improved with cutting-edge defensive systems, making them more difficult for adversaries to detect. Hence, increasing government spending on autonomous military aircraft is a key factor in driving the growth of the autonomous military aircraft market.
Key Industry Players
Major companies operating in the autonomous military aircraft market include <b>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</b>
The autonomous military aircraft market report table of contents includes:
- Executive Summary
- Autonomous Military Aircraft Market Characteristics
- Autonomous Military Aircraft Market Trends And Strategies
- Autonomous Military Aircraft Market – Macro Economic Scenario
- Global Autonomous Military Aircraft Market Size and Growth
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- Global Autonomous Military Aircraft Market Competitive Benchmarking
- Global Autonomous Military Aircraft Market Competitive Dashboard
- Key Mergers And Acquisitions In Autonomous Military Aircraft Market
- Autonomous Military Aircraft Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- The Boeing Company
- Lockheed Martin Corporation
- GE Aviation
- Northrop Grumman Corporation
- BAE Systems PLC
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