Report Feature
The future of the global autonomous aircraft market looks promising with opportunities in commercial aircraft, combat & ISR, cargo & delivery aircraft, passenger air vehicle, personal air vehicle, air medical services and other segments. The global autonomous aircraft market is expected to grow with a CAGR of 17%-19% from 2021 to 2026. The major drivers for this market are increase in demand for cost-effective aircraft operation, surge in autonomy to reduce human errors, and increased cost savings.
Emerging trends, which have a direct impact on the dynamics of the industry, include rise in adoption of artificial intelligence in autonomous system and high investment in cargo and delivery of goods.
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The study includes a forecast for the global autonomous aircraft market by technology, component, end use and region, as follows:
By Technology [Value ($ Million) from 2015 to 2026]:
- Increasingly Autonomous
- Fully Autonomous
By Component [Value ($ Million) from 2015 to 2026]:
- Flight Management Computers
- Air Data Inertial Reference Units
- Sensors
- Actuation Systems
- Software
- Intelligent Servos
- Cameras
- Radars & Transponders
- Propulsion Systems
By End Use [Value ($ Million) from 2015 to 2026]:
- Commercial Aircraft
- Combat & ISR
- Cargo & Delivery Aircraft
- Passenger Air Vehicle
- Personal Air Vehicle
- Air Medical Services
- Others (Agriculture, Construction, Survey and Film & Photography, among others)
By Region [Value ($ Million) from 2015 to 2026]:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- APAC
- China
- India
- Japan
- ROW
- Middle East
- Brazil
Some of the autonomous aircraft companies profiled in this report include The Boeing Company, Airbus SE, Northrop Grumman Corporation, Textron Inc., Lockheed Martin, Elbit Systems and BAE Systems PLC.
Lucintel forecasts that software will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to the rise in the software for real-time data and efficient operation and is used to control all the operations of an unmanned vehicle.
Within the global autonomous aircraft market, the commercial aircraft segment is expected to witness the highest growth over the forecast period due to the use of the aircraft in urban areas for public transportation and the current commercial aircraft are installed with autonomy components that make them increasingly autonomous.
North America is expected to remain the largest market and witness the highest growth rate over the forecast period due to the increasing investment in R&D, growing number of companies and robust development in the technologies.
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Features of the Global Autonomous aircraft Market |
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This report answers following 11 key questions |
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Q.1 What are some of the most promising growth opportunities for the global autonomous aircraft market by technology (increasingly autonomous and fully autonomous), component (flight management computers, air data inertial reference units, sensors, actuation systems, software, intelligent servos, cameras, radars & transponders and propulsion systems), end use (commercial aircraft, combat & ISR, cargo & delivery aircraft, passenger air vehicles, personal air vehicles, air medical services, and others) and region (North America, Europe, Asia Pacific, and the Rest of the World)? Q.2 Which segments will grow at a faster pace and why? Q.3 Which region will grow at a faster pace and why? Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges, and business risks in this market? Q.5 What are the business risks and competitive threats in this market? Q.6 What are the emerging trends in this market and the reasons behind them? Q.7 What are some of the changing demands of customers in the market? Q.8 What are the new developments in the market and which companies are leading these developments? Q.9 Who are the major players in this market? What strategic initiatives are being taken by key players for business growth? Q.10 What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution? Q.11 What M & A activity has occurred in the last five years? |
Report Scope
| Key Features | Description |
| Base Year for Estimation | 2021 |
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Trend Period (Actual Estimates) |
2015-2021 |
| Forecast Period | 2021-2026 |
| Pages | 210 |
| Market Representation / Units | Revenue in US $ Million |
| Regional Scope | North America (USA, Mexico, and Canada), Europe (Germany and United Kingdom), Asia (China, Japan, and India), and ROW (Middle East and Brazil) |
| Report Coverage | Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger, Acquisitions & Joint Venture, and Company Profiling |
| Market segments | Technology (Increasingly Autonomous And Fully Autonomous), Component (Flight Management Computers, Air Data Inertial Reference Units, Sensors, Actuation Systems, Software, Intelligent Servos, Cameras, Radars & Transponders And Propulsion Systems), End Use (Commercial Aircraft, Combat & ISR, Cargo & Delivery Aircraft, Passenger Air Vehicles, Personal Air Vehicles, Air Medical Services, And Others) |
| Customization | 10% Customization without Any Additional Cost |
Table of Contents
1. Executive Summary
7.2 Emerging Trends in the Global Autonomous Aircraft Market
4.1 Global Autonomous Aircraft Market by Region
4.2.1 Market by Technology: Increasingly Autonomous and Fully Autonomous
4.2.2 Market by Component: Flight Management Computers, Air Data Inertial Reference Units, Sensors, Actuation Systems, Software, Intelligent Servos, Cameras, Radars & Transponders and Propulsion Systems
4.2.3 Market by End Use: Commercial Aircraft, Combat & ISR, Cargo & Delivery Aircraft, Passenger Air Vehicles, Personal Air Vehicles, Air Medical Services, and Others
4.2.4 The US Autonomous Aircraft Market
4.2.5 Canadian Autonomous Aircraft Market
4.2.6 Mexican Autonomous Aircraft Market
4.3.1 Market by Technology: Increasingly Autonomous And Fully Autonomous
4.3.2 Market by Component: Flight Management Computers, Air Data Inertial Reference Units, Sensors, Actuation Systems, Software, Intelligent Servos, Cameras, Radars & Transponders And Propulsion Systems
4.3.3 Market by End Use: Commercial Aircraft, Combat & ISR, Cargo & Delivery Aircraft, Passenger Air Vehicles, Personal Air Vehicles, Air Medical Services, And Others
4.3.4 Autonomous Aircraft Market of the United Kingdom
4.3.5 German Autonomous Aircraft Market
4.4.1 Market by Technology: Increasingly Autonomous And Fully Autonomous
4.4.2 Market by Component: Flight Management Computers, Air Data Inertial Reference Units, Sensors, Actuation Systems, Software, Intelligent Servos, Cameras, Radars & Transponders And Propulsion Systems
4.4.3 Market by End Use: Commercial Aircraft, Combat & ISR, Cargo & Delivery Aircraft, Passenger Air Vehicles, Personal Air Vehicles, Air Medical Services, And Others
4.4.4 Chinese Autonomous Aircraft Market
4.4.5 Japanese Autonomous Aircraft Market
4.4.6 Indian Autonomous Aircraft Market
4.5.1 Market by Technology: Increasingly Autonomous And Fully Autonomous
4.5.2 Market by Component: Flight Management Computers, Air Data Inertial Reference Units, Sensors, Actuation Systems, Software, Intelligent Servos, Cameras, Radars & Transponders And Propulsion Systems
4.5.3 Market by End Use: Commercial Aircraft, Combat & ISR, Cargo & Delivery Aircraft, Passenger Air Vehicles, Personal Air Vehicles, Air Medical Services, And Others
4.5.4 Middle Eastern Autonomous Aircraft Market
4.5.5 Brazilian Autonomous Aircraft Market
7.1.1 Growth Opportunities for the Global Autonomous Aircraft market by Technology
7.1.2 Growth Opportunities for the Global Autonomous Aircraft market by Component
7.1.3 Growth Opportunities for the Global Autonomous Aircraft market by End Use
7.1.4 Growth Opportunities for the Global Automotive Aircraft Market by Region
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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