The Autonomous Military Aircraft Market Is Estimated To Reach $7.35 Billion By 2027 At A CAGR Of 5.4% – Includes Autonomous Military Aircraft Market Demand
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Increasing government funding on defense equipment such as autonomous military aircraft to enhance the efficiency of military operations are expected to drive innovation in autonomous military aircraft manufacturing, thus driving the market during the forecast period.
The global autonomous military aircraft market is expected to grow from $5.42 billion in 2022 to $5.95 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The global autonomous military aircraft market size is expected to grow to $7.35 billion in 2027 at a CAGR of 5.4%.
Get A Free Sample On The Global Autonomous Military Aircraft Market Report:
- By Technology: Remotely Operated, Semi-Autonomous, Autonomous
- By Type: Fighter Aircrafts, Bombers, Reconnaissance and Surveillance Aircrafts, Airborne Early Warning Aircrafts, Others
- By Component: Flight Management Computers, Air Data Intertial Refernece Units, Sensors, Actuation Systems, Software, Intelligent Servos, Cameras, Radars & Transponders, Propulsion Systems
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global autonomous military aircraft market in 2021.
Major Market Players in the autonomous military aircraft market include Boeing, Lockheed Martin Corp., GE Aviation, Northrop Grumman, BAE Systems, Israel Aerospace Industries (IAI), Elbit Systems.
Autonomous military aircraft companies are making efforts to embed artificial intelligence (AI) and specialize in the development of software, including machine learning and AI, that are core capabilities for these advanced systems. The ability of a system to decide on the most suitable action from sensor data input to fulfil the intent for operations by making guesses without human input can be achieved by AI technology. Through edge processing, aircraft do not have to send information to the cloud and thus may achieve greater performance, information security, and autonomy. The U.S. Defense Advanced Research Projects Agency (DARPA) is seeking to advance artificial intelligence technologies for individual and team aerial dogfighting tactics.
The Autonomous Military Aircraft Global Market Report 2023 provides a autonomous military aircraft market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The autonomous military aircraft market forecast analyzes autonomous military aircraft market size, autonomous military aircraft market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Autonomous military aircraft refers to aircraft guided autonomously from the ground, designed to attack surface targets with bombs or missiles and destroy enemy targets in warfare. They carry sensors, target designators, offensive ordnance, and electronic transmitters, among others.
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