USD 8.1 billion
Autonomous Aircraft Market Size, Share, Growth Analysis, By Component (Radars & Transponders, Actuation System) Aircraft Type, By Technology, By End User, By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20A2262 |
Region:
Global |
Published Date: December, 2024
Pages:
202
|Tables:
125
|Figures:
70
Autonomous Aircraft Market Insights
Global Autonomous Aircraft Market size was valued at USD 8.1 billion in 2022 and is poised to grow from USD 9.8 billion in 2023 to USD 42.7 billion by 2031, growing at a CAGR of 20.2% during the forecast period (2024-2031).
The market dynamics of the global autonomous aircraft market is characterized by ongoing technological advancements, regulatory frameworks, market competition and customer demand. As the airline industry undergoes a transformational transition to autonomous technology, driven by the need to improve efficiency, safety and sustainability. One of the major drivers of this market is the continued growth in autonomous technologies, including artificial intelligence, machine learning, sensor fusion, autonomous guidance systems. These technologies enable aircraft to operate with minimal human intervention.
Additionally, increasing investments by governments, aerospace companies and tech start-ups are providing autonomous aircraft solutions for development and deployment in various segments, including passenger aircraft unmanned aerial vehicles, aircraft carriers, air taxis, and commercial and military, and unmanned aerial vehicles. Growing demand for autonomous aircraft in industries such as transportation, logistics, research, agriculture, emergency services etc. is driving market expansion and innovation. Moreover, regulatory frameworks and standards play an important role in shaping market development for autonomous aircraft.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Rotary-Wing
Fastest Growth
Fixed-Wing
Growth Rate
20.2% CAGR
Global Autonomous Aircraft Market ($ Bn)
Country Share for North America Region (%)
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Autonomous Aircraft Market Segmental Analysis
Global Autonomous Aircraft Market is segmented by component, Aircraft Type, Technology, end user and region. Based on component, the market is segmented into Radars & Transponders, Propulsion Systems, Actuation System, Air Data Inertial Reference Units, Flight Management Computers, and Other. Based on Aircraft Type, the market is segmented into Fixed Wing and Rotary Wing. Based on Technology, the market is segmented into Increasingly Autonomous and Fully Autonomous. Based on end user, the market is segmented into Air Medical Service, Commercial Aircraft, Defence, Cargo & Delivery Aircraft, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by End-User
The air medical service plays a key role in the global autonomous aircraft market by utilizing autonomous aircraft technologies to enhance emergency medical response and patient transport capabilities. Autonomous aircraft provide faster and more efficient air transport for medical emergencies, allow easier access to remote or inaccessible areas and reduce downtime. Medical equipment and personnel should be provided, configure this aircraft to provide critical care en route to medical facilities. Traffic congestion from providers, complications, improve emergency medical care.
In the commercial aircraft segment, autonomous aircraft technology is revolutionizing aviation by providing safer, more efficient and more cost-effective flight operations. Safety systems enable commercial aircraft to perform various tasks autonomously, including landing, navigating and avoiding collisions. This automation reduces human error and improves situational awareness, increasing flight safety especially in severe weather or congested weather. Furthermore, autonomous flight can provide airlines and fuel efficiency to reduce operating costs and the environment. Airlines can also enhance the passenger experience by offering faster and more predictable flights, increasing customer satisfaction and loyalty. Overall, autonomous technologies in the commercial aircraft segment will improve aviation safety, efficiency and sustainability, and drive innovation and competitiveness in global aviation in employment.
Analysis by Aircraft Type
Rotary-wing is the dominating segment of the market. This is due to its capability to take-off and land vertically, which takes up less space and may be used in densely populated cities. Increasing the use of rotary-wing planes for surveillance and combat activities power the increase of the phase.
The fixed-wing aircraft section is anticipated to grow quickest all through the forecast length. The growth is attributed to features along with accelerated operational performance, extra payload versatility, and enhanced aerodynamics overall performance. It has a dual sensor configuration, that's useful in search and rescue missions and vital army operations. The fixed-wing has a high load-carrying capacity and might operate at high tiers.
Global Autonomous Aircraft Market By Aircraft Type (%)
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Autonomous Aircraft Market Regional Insights
North America holds the largest market share and is estimated to dominate during the forecast period. Increasing investment in R&D and an increasing number of companies will drive market growth. Furthermore, the presence of leading market players such as Boeing Company, Lockheed Martin Corporation, AeroVironment and Northrop Grumman Corporation is fueling the growth of the market.
Emerging economies such as China, India, etc. will experience rapid growth in the Asia Pacific region in the market due to increased expenditure on development of next generation advanced products. These are used for ISR applications. combat applications, search and rescue applications from the military area, so across Asia Pacific drives the growth of the market.
Global Autonomous Aircraft Market By Geography
- Largest
- Fastest
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Autonomous Aircraft Market Dynamics
Drivers
Technological Advances in Autonomous Aircraft
- Artificial intelligence, machine learning, sensor technology, and autonomous guidance systems are important drivers of the global autonomous aircraft market. These advancements are enabling autonomous aircraft very impressive take off, take off and land. Increased autonomy increases operational efficiency, safety and reliability, leading to the adoption of autonomous aircraft in industries such as transportation, logistics, research and agriculture.
Legislative Programs and Support
- Regulatory initiatives and support from federal and aviation authorities play an important role in the continuity of the global autonomous aircraft market. Governments around the world are recognizing the potential benefits of autonomous flight in terms of safety, efficiency, and environmental sustainability. Regulatory frameworks have been developed to develop guidelines and certifications integration of policies into safely airborne technologies. Supporting policies, budgets and regulatory approvals market-driven development and innovation.
Restraints
Legal Challenges and Uncertainties
- Regulatory complexity and uncertainty are a major limiting factor for commercial flight. While the regulatory frameworks aim to ensure safety and compliance, they create challenges and delays in the certification and approval processes for autonomous aircraft systems Regulatory requirements for airworthiness, performance dealing with the integration of standards and climate is a key challenge for market players, affecting market expansion and adoption.
Public Acceptance and Trust
- Public acceptance and confidence in autonomous flight technology represents another constraint to market growth. Safety, privacy, cybersecurity, and business relocation concerns impede aviation’s growing recognition among customers, stakeholders, and regulators as earning public trust through its sleep transparency, education, safety and reliability demonstrations are essential to overcome resistance and drive acceptance of autonomous aircraft solutions.
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Autonomous Aircraft Market Competitive Landscape
Boeing, a leading aerospace company, has partnered with Kitty Hawk, a startup focused on autonomous electric aircraft, to advance the development and commercialization of autonomous aerospace solutions that touch together to advance urban aviation energy, cargo, and other commercial areas growth of autonomous electric aircraft. Using their complementary capabilities and resources, Boeing and Kitty Hawk seek to overcome the challenges and addressing key opportunities in the emerging market for autonomous aviation, to drive innovation and market leadership in the rapidly growing aviation industry.
Top Player’s Company Profiles
- Airbus SE (Netherlands)
- Boeing Company (United States)
- Northrop Grumman Corporation (United States)
- Lockheed Martin Corporation (United States)
- Raytheon Technologies Corporation (United States)
- BAE Systems plc (United Kingdom)
- Elbit Systems Ltd. (Israel)
- AeroVironment Inc. (United States)
- Saab AB (Sweden)
- Textron Inc. (United States)
- Embraer SA (Brazil)
- Israel Aerospace Industries (IAI) (Israel)
- General Atomics Aeronautical Systems, Inc. (GA-ASI) (United States)
- Kratos Defense & Security Solutions, Inc. (United States)
- EHang Holdings Limited (China)
- Joby Aviation (United States)
- Volocopter GmbH (Germany)
- Autel Robotics (China)
- Schiebel Group (Austria)
- Piaggio Aerospace (Italy)
Recent Developments
- In July 2023, U.S. The Defense Advanced Research Projects Agency (DARPA) Office of Strategic Technology awarded a contract to Northrop Grumman Corporation to develop an uncrewed autonomous vertical landing (VTOL) aircraft system capable of operating from a Navy seagoing vessel.
- In May 2023, Xwing was awarded the Phase II Small Business Innovation Research Contract (SBIRC) with the US. The Air Force AFWE Prime program. Under the agreement, Xwing will conduct autonomous flight tests using its Superpilot helicopter system to improve remote pilot development and optimize technology for future missions. The Cessna 208B is being tested to get immediate user feedback on ease of use, mission planning features, and future efforts and projects.
- In July 2023, Ribbit, an airline carrier startup developing autonomous aviation software, signed a U.S. deal with Transport Canada and Innovative Solutions Canada. $1.3 million to initiate autonomous flight testing in remote areas. Such development is expected to boost the growth of the market studied in North America.
Autonomous Aircraft Key Market Trends
- Increased Investment in Research and Development: A key market trend in autonomous aircraft is increasing investment in research and development (R&D). Aerospace companies, technology start-ups and government agencies are allocating critical resources to innovate and develop advanced autonomous aircraft systems and systems. Besides, these investments are driven by increasing demand at the edge specializing in various sectors such as transportation, logistics, research and defense, R&D efforts focused on increasing autonomous aircraft autonomy, safety, efficiency and reliability, driving market growth and innovation.
Autonomous Aircraft Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global autonomous aircraft market is experiencing rapid growth and innovation driven by technological advances, regulatory support and increasing market demand. Key trends include massive R&D investments to improve autonomy, safety and efficiency, and rapid advances in technologies such as artificial intelligence and sensor systems. Regulatory systems are forming a market situation, with governments around the world working to establish guidelines for a safe union in the air. Challenges include complex regulations, public acceptance and cybersecurity concerns. Overall, the market offers huge opportunities for innovation and disruption in areas such as transportation, logistics, research and security.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 8.1 billion |
| Market size value in 2031 | USD 42.7 billion |
| Growth Rate | 20.2% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Autonomous Aircraft Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Autonomous Aircraft Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Autonomous Aircraft Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Autonomous Aircraft Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Autonomous Aircraft Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Autonomous Aircraft Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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