Autonomous Aircraft Market: A Strategic Assessment of Market Trends, Competitive Landscape, and Future Directions, Underscoring the Autonomous Revolution in Aviation

The global autonomous aircraft market is expected to reach US$ 26.2 billion by 2030, with an annual growth rate of more than 29.5%, primarily driven by the growing desire for more effective, affordable, and safe air transportation.

 | Source: Rationalstat LLC Rationalstat LLC

Wilmington, Delaware, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Global Autonomous Aircraft Market is valued at US$ 4.3 billion in 2023 and is expected to grow at a substantial CAGR of over 29.5% over the forecast period of 2023-2030, according to the published market report by RationalStat


Market Definition, Market Scope, and Report Overview

Autonomous systems are designed to operate with precision and follow pre-programmed instructions, minimizing the potential for human error. Advanced sensors and artificial intelligence (AI) technologies enable autonomous aircraft to detect and avoid obstacles, reducing the risk of collisions.

Continued advancements in AI and machine learning contribute to the development of more sophisticated autonomous systems, enabling improved decision-making and adaptability, and are expected to boost the expansion of the autonomous aircraft market. In addition, progress in sensor technologies, including radar, lidar, and other sensing capabilities, enhances the perception and situational awareness of autonomous aircraft and also plays a key role in the expansion of the autonomous aircraft market.

  • According to a deep-dive market assessment by RationalStat, the global autonomous aircraft market has been analyzed on the basis of market segments, including level of automation, payload capacity, end user and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
  • Market intelligence for the global autonomous aircraft market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
  • In addition, the long-term sector and products/services 10-year outlook and its implications on the global autonomous aircraft market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Global Autonomous Aircraft Market: Segmental and Market Share Analysis

  • On the basis of end user, military & defense is anticipated to cover a significant share of the autonomous aircraft market.

Report Synopsis

Report Metrics Details
Base Year 2023
Forecast Period 2023-2030
Base Year Market Size US$ 4.3 billion
Market Size Forecast US$ 26.2 billion
Growth Rate 29.5%
Key Market Drivers
  • Rising demand for UAVs
  • Rising investments & research
  • Advancements in technology
Companies Profiled
  • Boeing
  • Airbus
  • Lockheed Martin
  • Elbit Systems
  • Northrop Grumman
  • Textron Systems
  • Skydio
  • Volocopter
  • Joby Aviation
  • Airobotics
  • EHang
  • EmbraerX

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Competition Analysis and Market Structure

These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global autonomous aircraft market include,

  • In October 2022, Wisk Aero, part of Boeing introduced a four-seater autonomous air taxi, featuring six front and rear rotors, with the front rotors having the ability to rotate vertically as well as horizontally.

Some of the prominent players and suppliers operating and contributing significantly to the global autonomous aircraft market growth include Boeing, Airbus, Lockheed Martin, Elbit Systems, Northrop Grumman, Textron Systems, Skydio, Volocopter, Joby Aviation, Airobotics, EHang, EmbraerX, among others.

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RationalStat has segmented the global autonomous aircraft market based on level of automation, payload capacity, end user and region

  • Global Autonomous Aircraft Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Level of Automation
    • Fully Autonomous
    • Semi-Autonomous
  • Global Autonomous Aircraft Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Payload Capacity
    • Low
    • Medium
    • High
  • Global Autonomous Aircraft Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by End User
    • Commercial
    • Military & Defense
    • Others
  • Global Autonomous Aircraft Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
    • North America Autonomous Aircraft Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
      • US
      • Canada
    • Latin America Autonomous Aircraft Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
      • Brazil
      • Mexico
      • Rest of Latin America
    • Western Europe Autonomous Aircraft Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Benelux
      • Nordic
      • Rest of Western Europe
    • Eastern Europe Autonomous Aircraft Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
      • Russia
      • Poland
      • Hungary
      • Other CIS Countries
      • Rest of Eastern Europe
    • Asia Pacific Autonomous Aircraft Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
      • China
      • Japan
      • India
      • South Korea
      • Australia
      • ASEAN
        • Indonesia
        • Thailand
        • Philippines
        • Vietnam
        • Malaysia
        • Rest of ASEAN
      • Rest of Asia Pacific
    • Middle East & Africa Autonomous Aircraft Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
      • GCC
        • Saudi Arabia (KSA)
        • United Arab Emirates (UAE)
        • Rest of the GCC
      • South Africa
      • Nigeria
      • Turkey
      • Rest of the Middle East & Africa

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Key Questions Answered in the Autonomous Aircraft Report:

  • What will be the market value of the global autonomous aircraft market by 2030?
  • What is the market size of the global autonomous aircraft market?
  • What are the market drivers of the global autonomous aircraft market?
  • What are the key trends in the global autonomous aircraft market?
  • Which is the leading region in the global autonomous aircraft market?
  • What are the major companies operating in the global autonomous aircraft market?
  • What are the market shares by key segments in the global autonomous aircraft market?  

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Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

  • Defining the problem by understanding the type of market and data required by the client.
  • Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
  • Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
  • Evaluating and analyzing the data by referring to data sources utilized and leveraged.
  • Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.

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