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The Autonomous Aircraft Market is projected to grow from an estimated US$ 3.6 Billion in 2018 to 23.7 Billion by 2030 , at a CAGR of 17.06% from 2018 to 2030.This growth can be attributed to increased cost savings, reduction in human error due to increased autonomy, and advancements in artificial intelligence.
Browse and in-depth TOC on “Autonomous Aircraft Market”
75 – Tables
45 – Figures
14 – Company Profiles
Based on autonomy component, the propulsion system segment is projected to grow at a higher CAGR during the forecast period. Growth of this segment can be attributed to the advancements in propulsion technology to result in minimum or zero emission, and its capability to work autonomously.
North America is estimated to account for the largest share of the autonomous aircraft market in 2018.Major aircraft manufacturers, such as Boeing (US), Lockheed Martin (US), Bell Helicopter (US), and The Raytheon Company (US), among others, are based in this region, and thus generate high demand for autonomous aircraft. North America is projected to lead the autonomous aircraft market during the forecast period, in terms of market share. Rest of the World is expected to be the fastest-growing market during the forecast period. Rest of the World consists of region including Middle East, Africa and Latin America, Growth is largely due to an increase in autonomous aircraft for air medical services in Africa.
Breakdown of primary participants’ profile:
- By Company Type: Tier 1 – 20%, Tier 2 – 40%, and Tier 3 – 40%
- By Designation: C Level – 45%, Director Level – 38%, and Others – 17%
- By Region: North America –20%, Europe – 20%, Asia Pacific – 30%, and RoW – 30%
The Study Objectives of this report are:
- To project the size of the market and its submarkets, in terms of value, with respect to the 4 regions (along with their respective key countries)
- To define, segment, and project the global market size of autonomous aircraft
- To understand the structure of the autonomous aircraft market by identifying its various subsegments
- To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To analyze micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market
- To profile key players and comprehensively analyze their core competencies
- To understand the competitive landscape and identify major growth strategies adopted by players across key regions
- To analyze competitive developments, such as expansions & investments, new product launches, mergers & acquisitions, joint ventures, and agreements in the autonomous aircraft market
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