Autonomous Aircraft Market to Grow Gradually by Achieving a Valuation of USD 22.71 Billion with a CAGR of 17.8% during the Forecast Period

The autonomous aircraft market size is projected to grow from USD 7.20 billion in 2023 to USD 22.71 billion by 2030. As per a report by Fortune Business Insights™ titled, “Autonomous Aircraft Market Size, Share Russia-Ukraine War Impact Analysis, By Aircraft Type (Fixed-Wing and Rotary-Wing), By Component (Radars & Transponders, Propulsion Systems, Actuation System, Air Data Inertial Reference Units, Flight Management Computers, and Others), By Technology (Increasingly Autonomous (IA) and Fully Autonomous), By End User (Air Medical Service, Commercial Aircraft, Defense, Cargo & Delivery Aircraft, and Others), and Regional Forecasts, 2023-2030.” The market stood at USD 6.28 billion in 2022. It is set to exhibit a CAGR of 17.8% during 2023-2030.

Increased Usage of Drones during Russia-Ukraine War Drives Market Growth

During the war, Russia and Ukraine used commercial and military drones from the start of the war. Both have used drones in various roles, such as combat operations and intelligence gathering. Including intelligence gathering and combat operations, both countries have used drones in the war. Drones have also been used to film war crimes by journalists for reporting purposes.

Embraer in Partnership with Global companies to Foster the Market Growth

Embraer has declared a number of new technology partnerships with global companies focused on innovations in autonomous systems. These contracts are part of Embraer’s autonomous systems project, Project EASY, where agile testing processes are used to develop best-in-class solutions that enable future autonomous aviation.

High Investment in the Delivery of Goods and Cargo through Autonomous Aircraft to Drive the Market

Countries such as Singapore, China, the UAE, the U.S., and other developed countries are using aircraft to deliver services and goods. In the healthcare sector, these aircraft are used to deliver medicines during a medical emergency. The advanced features of aircraft, such as reliability, high accuracy, speed, and cost-effective benefits, help to use these aircraft on a large scale. Also, these aircraft supply food during tsunamis, natural disasters, and other calamities.

Advancements in the Use of Technologies such as IoT, AI, and Big Data Analytics to Propel Growth

The launching of IoT, AI based systems, and big analytics are the latest trends in the aircraft market and factors that propels the global autonomous aircraft market growth. The key players has agreed to adopted strategies such as agreements, merger & acquisitions, contracts, and partnerships to drive the market growth during the projected period.

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https://www.fortunebusinessinsights.com/autonomous-aircraft-market-103266

Notable Industry Development:

• June 2022: Guardian Agriculture partners with Wilbur-Ellis, a leading marketer, manufacturer of agricultural products, and distributor of specialty chemicals and feed. The partnership allows Wilbur-Ellis customers to access this cutting-edge technology before anyone else.

List of the Companies Profiled in the Report:

• Airbus S.A.S. (Netherlands)


• BAE Systems (U.K)


• Boeing (U.S.)


• Elbit Systems (Israel)


• AeroVironment, Inc. (U.S.)


• Embraer (Brazil)


• Lockheed Martin Corporation (U.S.)


• Northrop Grumman Corporation (U.S.)


• Raytheon Technologies (U.S.)


• Saab AB (Sweden)

Further Report Findings:

• North America is projected to dominate the largest share of the market. The growing number of R&D investments and many companies will foster market growth across North America.


• Europe’s autonomous aircraft market share is projected to elevate substantially during the projected period. The increasing demand from the military sector for combat operations and surveillance applications is projected to escalate market growth.


• Asia Pacific is anticipated to show the fastest growth in the market owing to the growing expenditure on the development of advanced next-generation products from emerging economies such as India, China, and others.


• The Middle East and Africa, and Latin America show steady growth due to the development of infrastructure for autonomous aircraft.

Table of Segmentation: