According to a new market report published by Lucintel, 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 18% 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.
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In this market, flight management computers, air data inertial reference units, sensors, actuation systems, software, intelligent servos, cameras, radars & transponders and propulsion systems are the major component types to manufacture autonomous aircraft. On the basis of comprehensive research, 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.
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. The Boeing Company, Airbus SE, Northrop Grumman Corporation, Textron Inc., Lockheed Martin, Elbit Systems and BAE Systems PLC are among the major suppliers of the autonomous aircraft market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global autonomous aircraft market by technology, component, end use and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Autonomous aircraft market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. 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
APAC
ROW
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.