MarkNtel Advisors recently published a detailed industry analysis of the Global Autonomous Aircraft. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Autonomous Aircraft, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The Autonomous Aircraft Market size is valued at USD 7.5 Billion in 2024 and is expected to reach USD 16.6 Billion by 2030, exhibiting a growth rate (CAGR) of 15.2% during the forecast period, i.e., 2024-30.

Key Findings in Global Autonomous Aircraft:

• Historical Analysis: 2019–2022
• Base Year: 2023
• Forecast Period: 2024–2030

Leading Market Players-

AeroVironment, Inc., Airbus S.A.S., BAE Systems, Boeing, Elbit Systems, Embraer, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies, Saab AB, General Atomics Aeronautical Systems, Textron Inc., RTX Corporation, Others,

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

What are the major Driver the Global Autonomous Aircraft industry?

Rising Demand for Improved Surveillance Leading to Development in the Autonomous Aircraft Market –  The rise in terrorism threats and heightened security issues worldwide have caused governments to allocate more funds towards autonomous aircraft systems, or drones, for better surveillance capabilities. Additionally, these autonomous aircraft are capable of executing covert operations and night-time monitoring across multiple locations with payloads consisting of top-quality visual cameras, such as DJI Technology's Zenmuse Series, Autel Robotics' DG series, and Aeryon Labs Inc.'s HDZoom30. For instance:

• In 2023, Airbus launched an autonomous aircraft division in the United States in 2023 to assist the armed forces of the country

Moreover, the market growth is driven by both the development of advanced surveillance payloads and an increase in demand for improved monitoring. This has resulted in increased innovation with cost-effective solutions being introduced to meet this growing need and are expected to drive the Autonomous Aircraft Market.

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What segments define the Global Autonomous Aircraft from 2024 to 2030? How do these segments contribute to market dynamics and growth?

 By Aircraft Type

• Fixed Wing- Market Size & Forecast 2019-2030, (USD Million)
• Rotary Wing- Market Size & Forecast 2019-2030, (USD Million)

According to report, The Autonomous Aircraft Market is currently being dominated by Rotary Wing Autonomous Aircraft, mainly due to its versatile features.

By Technology

• Increasingly Autonomous- Market Size & Forecast 2019-2030, (USD Million)
• Fully Autonomous- Market Size & Forecast 2019-2030, (USD Million)

              By Component

• Radars & Transponders- Market Size & Forecast 2019-2030, (USD Million)
• Propulsion Systems- Market Size & Forecast 2019-2030, (USD Million)
• Actuation System- Market Size & Forecast 2019-2030, (USD Million)
• Air Data Inertial Reference Units- Market Size & Forecast 2019-2030, (USD Million)
• Flight Management Computers- Market Size & Forecast 2019-2030, (USD Million)
• Others- Market Size & Forecast 2019-2030, (USD Million)

According to report, The Flight Management Computers segment has the largest market share due to its extensive application in autonomous aircraft.

By End-User

• Air Medical Service- Market Size & Forecast 2019-2030, (USD Million)
• Commercial Aircraft- Market Size & Forecast 2019-2030, (USD Million)
• Defense- Market Size & Forecast 2019-2030, (USD Million)
• Cargo & Delivery Aircraft- Market Size & Forecast 2019-2030, (USD Million)
• Others- Market Size & Forecast 2019-2030, (USD Million)

Explore the Complete Global Autonomous Aircraft Analysis Report – https://www.marknteladvisors.com/research-library/global-autonomous-aircraft-market.html

Geographical Analysis: Global Autonomous Aircraft

 By Region

• North America
• South America
• Europe
• Middle East & Africa
• Asia Pacific

The Global Autonomous Aircraft Industry Recent Development:

·        2023: Northrop Grumman Corporation was awarded a contract by the US Defense Advanced Research Project Agency's (DARPA) Tactical Technology Office to create an unmanned aircraft system capable of autonomously taking off and landing vertically (VTOL) from a Navy ship in motion.

Key Questions Addressed in This Study

·        What are the primary factors driving the growth of the Global Autonomous Aircraft?

·        How is the Global Autonomous Aircraft expected to evolve over the next five years?

·        What key insights can be drawn from current trends shaping the market?

·        What is the current market size, and how is it forecasted to change in the coming years?

·        What is the future outlook for the market in terms of technological innovation and geographic expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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