Autonomous Aircraft Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

The demand for autonomous aircraft is increasingly gaining traction with the rising shortage of pilots in the aviation industry. The growth of artificial intelligence is increasingly influencing the development of autonomous vehicles and aircraft. Smart drones and increasingly autonomous systems are the emerging trends in the aerospace and defense sector. Major market players are observed to focus on the research and development initiatives during the forecast period.

MARKET SCOPE

The "Global Autonomous Aircraft Analysis to 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the autonomous aircraft market with detailed market segmentation by product, platform, application, and geography. The report provides key statistics on the market status of the leading autonomous aircraft market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   On the basis of component, the market is segmented as software, intelligent servos, flight management computers, air data inertial reference units, others.
  
•   Based on technology, the market is segmented into fully autonomous, increasingly autonomous.
  
•   Based on aircraft type, the market is segmented as crgo aircraft, commercial aircraft, UAV, and general aviation aircraft.
  

MARKET DYNAMICS
Drivers:

•   A dvancements in artificial intelligence and technological developments in the field of autonomy as these aircraft offer reduces human errors while increasing operational efficiency
  
•   on-demand availability and reduced emissions through autonomous aircraft
  

Restraints:

•   Acceptance among public for autonomous aircraft is low owing to safety during emergency
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The autonomous aircraft market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the autonomous aircraft market in these regions

IMPACT OF COVID-19ON autonomous aircraft MARKET

The outbreak of the COVID-19 has severely impacted the aerospace and its related other industries negatively. The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption created an adverse impact on the aircraft industry and is expected to impact till mid-2021. The autonomous aircraft market players experienced a slowdown in the volumes attributing to the fact that the production units were operating with a limited workforce. This has had a negative impact on the market. Also, with closure of production plants, development of new technologies and component required for autonomous aircraft also got impacted negatively. On the contrary, with aircraft industry getting back to its business gradually, the scope of autonomous aircraft will also expand.

Autonomous Aircraft Market Report Analysis

Autonomous Aircraft Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• AeroVironment, Inc.
• Airbus S.A.S.
• BAE Systems plc
• Boeing Co
• Elbit Systems Ltd
• Embraer S.A.
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Raytheon Company

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Technology

• Fully Autonomous
• Increasingly Autonomous

By Aircraft Type

• Cargo Aircraft
• Commercial Aircraft
• General Aviation Aircraft
• UAV

By Component

• Software
• Intelligent Servos
• Flight Management Computers
• Air Data Inertial Reference Units

MARKET PLAYERS

The report covers key developments in the autonomous aircraft market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from autonomous aircraft market are anticipated to lucrative growth opportunities in the future with the rising demand for autonomous aircraft in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the autonomous aircraft market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   AeroVironment, Inc.
  
•   Airbus S.A.S.
  
•   BAE Systems plc
  
•   Boeing Co
  
•   Elbit Systems Ltd
  
•   Embraer S.A.
  
•   Lockheed Martin Corporation
  
•   Northrop Grumman Corporation
  
•   Raytheon Company
  
•   Saab AB
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Autonomous Aircraft Market Report Scope