Autonomous Aircraft Market Share And Detailed Analysis Focusing On Key Players

Autonomous Aircraft Market

Autonomous aircraft are fully or partially automated vehicles where human intervention may or may not be a necessity. Technological integration has played a massive role in the development of autonomous aircraft. The use of concepts such as AI and IoT has allowed real-time operations. The massive investments in the integration of such real-time concepts as well as sensor-based modules will open up a huge potential for the growth of the overall autonomous aircraft market in the near future.

The global autonomous aircraft market size is projected to reach USD 16.23 billion by the end of 2027. The rising investments in the development of improved aircraft infrastructure will emerge in favor of market growth.

The report encompasses several factors that have affected the growth of the overall autonomous aircraft market in recent years. Among all factors, the increasing number of company mergers and acquisitions has made the highest impact on the growth of the overall market in recent years. In January 2016, AAI Corporation announced that it has bagged a contract from the US Army for the production of tactical data link retrofit. This contract is aimed at the full-rate production of the devices the ‘Shadow Tactical’ unarmed aircraft system. The contract is said to be worth an estimated USD 97.1 million. AAI Corporation’s constant efforts in innovations and highly efficient products seem to have paid off. Through this contract, the company will look to establish a strong platform for future growth.

List of companies profiled in the report:

AeroVironment, Inc. (The U.S.)
Airbus S.A.S.(the Netherlands)
BAE Systems(The U.K)
Boeing (The U.S.)
Elbit Systems(Israel)
Embraer (Brazil)
Lockheed Martin Corporation (The U.S.)
Northrop Grumman Corporation (The U.S.)
Raytheon Technologies (The U.S.)
Saab AB(Sweden)

Industry Developments:

January 2020 –Swift Tactical Systems signed a contract of worth USD 17 million Bahamas government agencies and ministries for the purchase of 55 short and medium-range drones, immediate surveillance capabilities, training and support, and the establishment of a regional drone academy.

August 2019–AeroVironment signed a contract worth USD 45 million with the U.S. Department of defense for Raven unmanned aircraft systems (UAS). This will strengthen the partnership of the company with the U.S. Department of defense.

July 2018– Boeing announced that it has signed a contract with the US Navy for the design and development of a fleet of MQ-25A Stingray carrier-based drones. The contract is said to be worth USD 805 million.

Other Related News:

Business Jet Market Size to Hit USD 35.56 Billion by 2027; Exciting Advancements in Aircraft Propulsion Systems to Positively Impact the Aviation Industry

Helicopter Market Size to Reach USD 68.34 Billion by 2027; Rising Border Disputes to Fuel Helicopter Industry Demand

Wireless Infrastructure Market Size Anticipated to Reach USD 249.87 Billion by 2026 Owing to Increasing Adoption and Popularity of 5G Technology

Electro-Optical/Infrared (EO/IR) Systems Market Size to Reach USD 20.36 Billion by 2026; Rising Development of Military Aircrafts

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.

Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: [email protected]