PUBLISHER: Allied Market Research | PRODUCT CODE: 1139957
PUBLISHER: Allied Market Research | PRODUCT CODE: 1139957
The report incorporates the study of the global autonomous aircraft market that focuses on the type of aircraft, which is a fully-automated manned or unmanned aircraft that require minimum or no human intervention in its operations. This process of autonomy works with an extensive suite of sensors, such as computer vision cameras, radar, lidar, and others, combined with constantly updated maps, GPS navigation, computers that can process enormous amounts of data in real time, and the software that gives them enough artificial intelligence to become autonomous rather than just highly automated. At present, the adoption of autonomous aircraft for civil aviation due to the associated benefits, such as safety, reliability, and affordability, can lead to the growth of the market in the coming years. For instance, in January 2020, Swift Tactical Systems signed a contract of worth $17 million with Bahamas government agencies for the purchase of 55 short & medium range drones with immediate surveillance capabilities for the establishment of a regional drone academy.
The factors such as rise in adoption of autonomous cargo aircraft, surge in autonomy to reduce human errors, and increase in adoption of artificial intelligence in autonomous aircrafts drive the growth of the autonomous aircraft market. However, increase in security issues & cyber threat and lack of standard infrastructure for operation & complex design and high initial investment are the factors expected to hamper the growth of the autonomous aircraft market. In addition, proactive government initiatives & support and rise in demand for improved surveillance are expected to create ample opportunities for the key players operating in the autonomous aircraft market.
For the purpose of analysis, the global autonomous aircraft market is segmented on the basis of aircraft size, maximum takeoff weight, application, end-use, and region. By aircraft size, the market is divided into narrow body, wide body, and others. By maximum takeoff weight, it is fragmented into less than 2500 kg and more than 2500 kg. By application, it is categorized into military & defense, civil & commercial, and others. By end use, it is further classified into cargo & industrial and passenger. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The leading players operating in the autonomous aircraft market are Northrop Grumman, Collins Aerospace, Lockheed Martin Corporation, Boeing, Airbus, Elbit Systems Ltd., Textron Inc., BAE Systems, SAAB, Aeronautics, Aerovironment, Inc., General Atomics., Embraer SA., Aston Martin and Kittyhawk.
Key Benefits For Stakeholders
Key Market Segments
By Aircraft Size
By Maximum Takeoff Weight
By Application
By End-Use
By Region