Autonomous Aircraft Market by Aircraft Type (Fixed-Wing, Rotary-Wing), by Component (Radars & Transponders, Propulsion Systems, Actuation System, Air Data Inertial Reference Units, Flight Management Computers, Others), by Technology (Increasingly Autonomous (IA), by End User (Air Medical Service, Commercial Aircraft, Defense, Cargo & Delivery Aircraft, Others), by By Geography (North America) Forecast 2024-2032
The Autonomous Aircraft Market size was valued at USD 6.28 USD billion in 2023 and is projected to reach USD 14.23 USD billion by 2032, exhibiting a CAGR of 12.4 % during the forecast period. Autonomous aircraft are aircraft that are capable of flying without a pilot on board and are often referred to as UAVs or drones. These come in different classifications based on construction including fixed-wing UAVs, rotary-wing UAVs, and those with a mix between the two which are designed for use in surveillance, delivery, agricultural, and recreational purposes among others. Some of the prominent characteristics of autonomous aircraft include; enhanced sensors, GPS and, sound algorithmic systems to aid the aircraft in making decisions on its own. Through this type of aircraft, it is possible to achieve many advantages such as cheaper to use, safer, and more effective in several sectors. Uses include surveillance, transport of goods, monitoring crops and spraying and aerial mapping. Indeed autonomous aircrafts have been widely used in disaster management, search and rescue as well as in environmental monitoring.
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The report provides a comprehensive analysis of the autonomous aircraft market, including:
The North American region continues to lead the Autonomous Aircraft Market due to the concentration of major aerospace companies, significant government investment in research and development, and a supportive ecosystem for innovation. The Asia-Pacific region is emerging as a significant growth market, driven by the increasing adoption of drone technology, the rise of urban air mobility, and government initiatives promoting autonomous aviation.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 12.4% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 12.4% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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