Autonomous Aircraft Industry Top 20 Key Players, Size Estimation, Industry Share, Business Analysis and Growth Forecast to 2026
The MarketWatch News Department was not involved in the creation of this content.
Nov 17, 2020 (The Expresswire) —
The outburst of the Coronavirus (COVID-19), which started in Wuhan, China at the end of December 2019, is spreading fast across the globe and it is having a most important impact on all aspects of civilization. At the start, vehicle manufacturers and their providers have been scrambling to keep vehicle assembly lines active but March has seen the production take action, in sync with administration advisories, to keep its workers safe. The World Health Organization declared the COVID-19 outbreak and a pandemic. Automobile, construction, and tourism industries are being shut down around the world, customer footfalls in showrooms have fallen harshly. Tourism revenue has dropped considerably and almost every major industry conference is either being canceled or held virtually. The entire March has been packed with COVID-19 outbreak a pandemic. The impact of COVID-19 and the lockdown has vigorously impacted the financial market as well. These factors are estimated to hamper the growth of the market.
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. According to a report published by Fortune Business Insights, titled “Autonomous Aircraft Market Size, Share and Industry Analysis, By Aircraft Type (Fixed-Wind and Rotary-Wing), By Component (Hardware and Software), By Technology (Increasingly Autonomous (IA) and Fully Autonomous), By Application (Commercial Aircraft, Air Medical Service, Passenger Air Vehicle, Cargo and Delivery Aircraft, Combat and ISR, Personal Air Vehicle, and Others), and Regional Forecasts, 2020-2027,” the market was worth USD 4.56 billion in 2019 and will exhibit a CAGR of 22.68% during the forecast period, 2020-2027.
Get Sample PDF Brochure with Impact of COVID-19 Analysis:
https://www.fortunebusinessinsights.com/enquiry/covid19-impact/autonomous-aircraft-market-103266
The Covid-19 pandemic has had an adverse effect on several businesses across the world. Due to the rapid spread of the disease, companies are forced to shut down manufacturing units which has directly affected the business operations across the world. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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 presence of several autonomous aircraft vendors in several countries across the world will emerge in favor of market growth. The increasing emphasis on the use of AI-integrated concepts is attributable to the benefits offered by this concept including high precision, accuracy, and efficiency. The increasing use of autonomous vehicles in military and defense applications will create several opportunities for growth.
Increasing Number of Company Mergers and Acquisitions 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.
Check Discounted Rates(Limited Period Offer) :
https://www.fortunebusinessinsights.com/enquiry/check-discount/autonomous-aircraft-market-103266
North America to Emerge Dominant; Increasing Investment in Product RandD to Aid Growth
The report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years. The rising investment in the research and development of efficient autonomous aircraft will emerge in favor of market growth.
Moreover, the presence of several large scale companies including Boeing Company, Lockheed Martin Corporation, and Northrop Grumman will contribute to the growth of the regional market. As of 2019, the market in North America was worth 1.72 billion and this value is projected to increase at a considerable pace in the coming years. The market in Europe will exhibit a significant CAGR in the coming years owing to rising demand from the military sector for surveillance operations. Additionally, the increasing investment in aircraft infrastructures will emerge in favor of market 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 ABAB (Sweden)
Speak to our Experts for a detailed Overview:
https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/autonomous-aircraft-market-103266
Industry Developments:
July 2018Boeing announced that it has signed a contract with the US Navy for design and development of a fleet of MQ-25A Stingray carrier-based drones. The contract is said to be worth USD 805 million.
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 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.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
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]
Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Autonomous Aircraft Industry Top 20 Key Players, Size Estimation, Industry Share, Business Analysis and Growth Forecast to 2026
COMTEX_374560900/2598/2020-11-17T02:00:27
Is there a problem with this press release? Contact the source provider Comtex at [email protected] You can also contact MarketWatch Customer Service via our Customer Center.
The MarketWatch News Department was not involved in the creation of this content.
