December 5, 2024

Autonomous Aircraft Market Size to Worth US$ 40.93 Bn by 2032

The global autonomous aircraft market size was accounted for at US$ 6.75 billion in 2022 and it is projected to hit around US$ 40.93 billion by 2032 with a significant CAGR of 19.80% from 2023 to 2032.

Autonomous Aircraft Market Size 2021 to 2030

The rising technological advancements in the aviation industry, growing adoption of novel technologies like artificial intelligence and internet of things, rising number of air passengers, and growing demand for unmanned aircrafts from the military are some of the major factors that are significantly driving the growth of the global autonomous aircraft market.

The rising globalization of business has led to a rapid growth in business travel and the growing number of tourists is boosting the demand for the efficient aircrafts. The surging applications of the autonomous aircrafts for various purposes such as air medical services and cargo and delivery are boosting the demand for the autonomous aircrafts across the globe.

The rising investments by the top market players in the research and development and adoption of the AI and IoT technologies has led to the rapid growth of the autonomous aircrafts market across the globe.

Moreover, the rising need for controlling air travel costs and increase efficiency of the aircrafts is boosting the adoption of the IoT and AI technologies. Further, the rising government investments in urbanization and building air connectivity infrastructure is boosting the number of air travelers, which is expected to support the market growth in the foreseeable future.

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The rising investments by the top market players in the research and development and adoption of the AI and IoT technologies has led to the rapid growth of the autonomous aircrafts market across the globe.

Moreover, the rising need for controlling air travel costs and increase efficiency of the aircrafts is boosting the adoption of the IoT and AI technologies. Further, the rising government investments in urbanization and building air connectivity infrastructure is boosting the number of air travelers, which is expected to support the market growth in the foreseeable future.

Report Scope of the Autonomous Aircraft Market

Report Coverage Details
Market Size by 2032 USD 40.93 Billion
Growth Rate from 2023 to 2032 CAGR of 19.80%
Largest Market North America
Fastest Growing Region Asia Pacific
Base Year 2022
Forecast Period 2023 to 2032
Segments Covered Aircraft Type, Component, Technology, End User, Geography

Market Dynamics

Driver

Rising investments in the cargo and delivery of goods

Various countries like Singapore, US, China, and UAE are increasingly using the autonomous aircrafts for delivering goods and services. Moreover, in case of any medical emergencies, the autonomous aircrafts are also used as air ambulance. The advanced features and increased capabilities of these aircrafts has higher efficiency, they are cost-effective, reliable, and high speed aircrafts. These major features are solely responsible for the growing demand for the autonomous aircrafts across the globe. Moreover, the multi-purposes served by these aircrafts is expected to drive the market growth during the forecast period.

Restraint

Complexities in design, and difficulties in testing and certifications

There is an extensive requirement for testing and certifications for ensuring safety of the components and software, which are complex. The rising need for making the aircrafts cost-effective leads to the complexities in design. Moreover, there are strict government regulations pertaining to various factors such as passenger safety, environment protection, onboard safety requirements, and other purposes. These regulations are the major hindering factors for the global autonomous aircraft market.

Opportunity

Rising need for eliminating human errors

The development of advanced hardware and software has encouraged the development of the autonomous aircrafts. These unmanned aircrafts can significantly reduce the number of air accidents by eliminating the human errors with the use of AI and IoT technologies and can save lives of the pilots. The growing adoption of these aircrafts and rising technological advances are expected to offer several growth opportunities to the market players.

Challenge

High costs of the autonomous aircrafts

High costs are associated with the acquisition of the advanced aircraft hardware and software. Moreover, the engine and aerodynamics of the autonomous aircrafts has complex designs. Furthermore, the adoption of AI and IoT makes it vulnerable to cyberattacks. Therefore, ensuring safety involves a huge cost.

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Regional Snapshot

North America led the global autonomous aircraft market in 2021. The rising investments by the major aircraft manufacturers in US in the research and development of the autonomous aircrafts and the surging adoption of the AI and IoT technologies to foster the development of autonomous aircraft manufacturing process has led to the growth of the North America autonomous aircraft market. The demand for the cargo and delivery aircrafts, personal aircrafts, and combat and ISR aircrafts is significantly high in US. The presence of various major market players like Boeing Co., Lockheed Martin Corporation, and AeroVironment and various strategies adopted by them significantly influences the market growth in a positive way, which has led to the dominance of this region in the global autonomous aircraft market.

Asia Pacific is estimated to witness the highest growth rate during the forecast period. The surging demand for the unmanned aircrafts among the military in various nations like China, India, and Indonesia are significantly driving the growth of the Asia Pacific autonomous aircraft market. The significantly rising defense budgets of the countries like India.

Key Market Developments

  • In January 2020, Swift Tactical Systems signed a US$17 million contract with Bahamas government for the purchases around 55 medium and short range drones, establishment of drone academy, and immediate surveillance capabilities.
  • In August 2019, AeroVironment signed a contract with US Department of defense for Raven autonomous aircraft systems. The worth of the contract was US$45 million.
  • In August 2018, the U.S. Navy offered a contract to Boeing Aviation worth US$ 805 million for the engineering, development, and manufacturing of a new unmanned aircraft named 4 MQ-25 aerial refueling aircraft.
  • In July 2018, The U.S. Airforce provided a new contract to Northrop Grumman for delivering Global Hawk that was an unmanned aircraft facilitated with Battlefield Airborne Communications Node (BACN). BACN helps in acquiring, translating, and distributing necessary battlefield information received from different sources.
  • In February 2018, The Canadian Navy offered a contract to the AeroVironment for supplying Puma II AE that is an autonomous airplane equipped with 360-degree high quality antenna system along with high grade sensor Mantis i45.

Some of the prominent 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.

Segments Covered in the Report

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

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Malaysia
    • Philippines
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • North Africa
    • South Africa
    • Rest of the Middle East & Africa

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Autonomous Aircraft Market 

5.1. COVID-19 Landscape: Autonomous Aircraft Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Autonomous Aircraft Market, By Aircraft Type

8.1. Autonomous Aircraft Market, by Aircraft Type, 2023-2032

8.1.1. Rotary Wing

8.1.1.1. Market Revenue and Forecast (2020-2032)

8.1.2. Fixed Wing

8.1.2.1. Market Revenue and Forecast (2020-2032)

Chapter 9. Global Autonomous Aircraft Market, By Component

9.1. Autonomous Aircraft Market, by Component e, 2023-2032

9.1.1. Radars &Transponders

9.1.1.1. Market Revenue and Forecast (2020-2032)

9.1.2. Propulsion Systems

9.1.2.1. Market Revenue and Forecast (2020-2032)

9.1.3. Cameras

9.1.3.1. Market Revenue and Forecast (2020-2032)

9.1.4. Sensors

9.1.4.1. Market Revenue and Forecast (2020-2032)

9.1.5. Actuation System

9.1.5.1. Market Revenue and Forecast (2020-2032)

9.1.6. Air Data Inertial Reference Units

9.1.6.1. Market Revenue and Forecast (2020-2032)

9.1.7. Flight Management Computers

9.1.7.1. Market Revenue and Forecast (2020-2032)

9.1.8. Software

9.1.8.1. Market Revenue and Forecast (2020-2032)

9.1.9. Others

9.1.9.1. Market Revenue and Forecast (2020-2032)

Chapter 10. Global Autonomous Aircraft Market, By Technology 

10.1. Autonomous Aircraft Market, by Technology, 2023-2032

10.1.1. Increasingly Autonomous

10.1.1.1. Market Revenue and Forecast (2020-2032)

10.1.2. Fully Autonomous

10.1.2.1. Market Revenue and Forecast (2020-2032)

Chapter 11. Global Autonomous Aircraft Market, By End User 

11.1. Autonomous Aircraft Market, by End User, 2023-2032

11.1.1. Air Medical Service

11.1.1.1. Market Revenue and Forecast (2020-2032)

11.1.2. Commercial Aircraft

11.1.2.1. Market Revenue and Forecast (2020-2032)

11.1.3. Combat & ISR

11.1.3.1. Market Revenue and Forecast (2020-2032)

11.1.4. Passenger Air Vehicle

11.1.4.1. Market Revenue and Forecast (2020-2032)

11.1.5. Personal Air Vehicle

11.1.5.1. Market Revenue and Forecast (2020-2032)

11.1.5. Cargo & Delivery Aircraft

11.1.5.1. Market Revenue and Forecast (2020-2032)

11.1.5. Others

11.1.5.1. Market Revenue and Forecast (2020-2032)

Chapter 12. Global Autonomous Aircraft Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)

12.1.2. Market Revenue and Forecast, by Component (2020-2032)

12.1.3. Market Revenue and Forecast, by Technology (2020-2032)

12.1.4. Market Revenue and Forecast, by End User (2020-2032)

12.1.5. U.S.

12.1.5.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)

12.1.5.2. Market Revenue and Forecast, by Component (2020-2032)

12.1.5.3. Market Revenue and Forecast, by Technology (2020-2032)

12.1.5.4. Market Revenue and Forecast, by End User (2020-2032)

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)

12.1.6.2. Market Revenue and Forecast, by Component (2020-2032)

12.1.6.3. Market Revenue and Forecast, by Technology (2020-2032)

12.1.6.4. Market Revenue and Forecast, by End User (2020-2032)

12.2. Europe

12.2.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)

12.2.2. Market Revenue and Forecast, by Component (2020-2032)

12.2.3. Market Revenue and Forecast, by Technology (2020-2032)

12.2.4. Market Revenue and Forecast, by End User (2020-2032)

12.2.5. UK

12.2.5.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)

12.2.5.2. Market Revenue and Forecast, by Component (2020-2032)

12.2.5.3. Market Revenue and Forecast, by Technology (2020-2032)

12.2.5.4. Market Revenue and Forecast, by End User (2020-2032)

12.2.6. Germany

12.2.6.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)

12.2.6.2. Market Revenue and Forecast, by Component (2020-2032)

12.2.6.3. Market Revenue and Forecast, by Technology (2020-2032)

12.2.6.4. Market Revenue and Forecast, by End User (2020-2032)

12.2.7. France

12.2.7.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)

12.2.7.2. Market Revenue and Forecast, by Component (2020-2032)

12.2.7.3. Market Revenue and Forecast, by Technology (2020-2032)

12.2.7.4. Market Revenue and Forecast, by End User (2020-2032)

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)

12.2.8.2. Market Revenue and Forecast, by Component (2020-2032)

12.2.8.3. Market Revenue and Forecast, by Technology (2020-2032)

12.2.8.4. Market Revenue and Forecast, by End User (2020-2032)

12.3. APAC

12.3.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)

12.3.2. Market Revenue and Forecast, by Component (2020-2032)

12.3.3. Market Revenue and Forecast, by Technology (2020-2032)

12.3.4. Market Revenue and Forecast, by End User (2020-2032)

12.3.5. India

12.3.5.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)

12.3.5.2. Market Revenue and Forecast, by Component (2020-2032)

12.3.5.3. Market Revenue and Forecast, by Technology (2020-2032)

12.3.5.4. Market Revenue and Forecast, by End User (2020-2032)

12.3.6. China

12.3.6.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)

12.3.6.2. Market Revenue and Forecast, by Component (2020-2032)

12.3.6.3. Market Revenue and Forecast, by Technology (2020-2032)

12.3.6.4. Market Revenue and Forecast, by End User (2020-2032)

12.3.7. Japan

12.3.7.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)

12.3.7.2. Market Revenue and Forecast, by Component (2020-2032)

12.3.7.3. Market Revenue and Forecast, by Technology (2020-2032)

12.3.7.4. Market Revenue and Forecast, by End User (2020-2032)

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)

12.3.8.2. Market Revenue and Forecast, by Component (2020-2032)

12.3.8.3. Market Revenue and Forecast, by Technology (2020-2032)

12.3.8.4. Market Revenue and Forecast, by End User (2020-2032)

12.4. MEA

12.4.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)

12.4.2. Market Revenue and Forecast, by Component (2020-2032)

12.4.3. Market Revenue and Forecast, by Technology (2020-2032)

12.4.4. Market Revenue and Forecast, by End User (2020-2032)

12.4.5. GCC

12.4.5.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)

12.4.5.2. Market Revenue and Forecast, by Component (2020-2032)

12.4.5.3. Market Revenue and Forecast, by Technology (2020-2032)

12.4.5.4. Market Revenue and Forecast, by End User (2020-2032)

12.4.6. North Africa

12.4.6.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)

12.4.6.2. Market Revenue and Forecast, by Component (2020-2032)

12.4.6.3. Market Revenue and Forecast, by Technology (2020-2032)

12.4.6.4. Market Revenue and Forecast, by End User (2020-2032)

12.4.7. South Africa

12.4.7.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)

12.4.7.2. Market Revenue and Forecast, by Component (2020-2032)

12.4.7.3. Market Revenue and Forecast, by Technology (2020-2032)

12.4.7.4. Market Revenue and Forecast, by End User (2020-2032)

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)

12.4.8.2. Market Revenue and Forecast, by Component (2020-2032)

12.4.8.3. Market Revenue and Forecast, by Technology (2020-2032)

12.4.8.4. Market Revenue and Forecast, by End User (2020-2032)

12.5. Latin America

12.5.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)

12.5.2. Market Revenue and Forecast, by Component (2020-2032)

12.5.3. Market Revenue and Forecast, by Technology (2020-2032)

12.5.4. Market Revenue and Forecast, by End User (2020-2032)

12.5.5. Brazil

12.5.5.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)

12.5.5.2. Market Revenue and Forecast, by Component (2020-2032)

12.5.5.3. Market Revenue and Forecast, by Technology (2020-2032)

12.5.5.4. Market Revenue and Forecast, by End User (2020-2032)

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Forecast, by Aircraft Type (2020-2032)

12.5.6.2. Market Revenue and Forecast, by Component (2020-2032)

12.5.6.3. Market Revenue and Forecast, by Technology (2020-2032)

12.5.6.4. Market Revenue and Forecast, by End User (2020-2032)

Chapter 13. Company Profiles

13.1. AeroVironment, Inc.

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. Saab AB

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Airbus S.A.S

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Raytheon Company

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. BAE Systems

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. Northorp Grumman Corporation

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. Boeing Company

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. Lockheed Martin Corporation

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. Elbit Systems

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

13.10. Embraer S.A.

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial Performance

13.10.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

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