According to MarkNtel Advisors’ research report titled “Global Autonomous Aircraft Market Analysis, 2020”, the Global Autonomous Aircraft market is anticipated to grow at a CAGR of around 18% during 2020-25. The competitive advantages of the autonomous technologies aerial vehicles such as lower human intervention and operational errors and reducing operation costs, are expected to surge the demand for autonomous aircraft systems during the forecast period. Additionally, the development in artificial intelligence and smart technologies, along with increasing adoption of auto-functioning in the aviation sector are key factors boosting the overall growth of the market.
Global autonomous aircraft market segmentation on the basis of technology has been dominated by the increasingly autonomous segment in 2019. However, with increasing adoption of automation in the aircraft for commercial and civil, the fully autonomous market segment is expected to outpace the semi-automatic or increasingly-automatic segment.
North America Region is Leading the Global Autonomous Aircraft Market
The North America region contributed to the highest revenue generation for the autonomous aircraft market in 2019 and captured the lion’s share. The region is further expected to attain significant growth over the upcoming years, on an account of favorable government policies toward the development and deployment of advanced technologies such as unmanned aircraft. Moreover, the competitive advantage by the region due to the presence of a handful number of leading aircraft manufacturers such as Boeing, Bell Helicopter, and Lockheed Martin, among others in the US, is another leading factor for regional growth.
According to MarkNtel Advisors’, some the of key competitors operating in the Global Autonomous Aircraft market include Northrop Grumman, Elbit Systems, AeroVironment, Lockheed Martin, Boeing, Raytheon, BAE Systems, General Atomics Aeronautical Systems.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What would be the growth rate or CAGR of Global Autonomous Aircraft Market during 2020-25?
A. The market size of Global Autonomous Aircraft Market during 2020-25 is forecast to be around 18%.
Q. Which region would grab the highest market share during 2020-25?
A. It is forecast that North America will dominate the market with majority market share, with market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating in Global Autonomous Aircraft Market?
A. Northrop Grumman, Elbit Systems, AeroVironment, Lockheed Martin, Boeing, Raytheon, BAE Systems, General Atomics Aeronautical Systems are few of the leading players in the Global Autonomous Aircraft Market.
Q. Does the report scope cover Global Autonomous Aircraft type wise market statistics also?
A. Yes, the scope of the report encompass detailed aircraft type wise statistics based on various subcategories.
Q. Which technology segment would emerge as an opportunity area for players in Autonomous Aircraft Market?
A. Fully Autonomous will continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Autonomous Aircraft Market.
