The Business Research Company’s Autonomous Aircraft Global Market Report 2021: COVID-19 Growth And Change To 2030
LONDON, GREATER LONDON, UK, July 29, 2021 /EINPresswire.com/ — According to the new market research report ‘Autonomous Aircraft Global Market Report 2021: COVID-19 Growth And Change To 2030’ published by The Business Research Company, the global autonomous aircraft market is expected grow from $0.76 billion in 2020 to $0.85 billion in 2021 at a compound annual growth rate (CAGR) of 11.8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The autonomous aircraft market is expected to reach $1.52 billion in 2025 at a CAGR of 16%. The advancement in artificial intelligence is a key factor driving the growth of the autonomous aircraft market.
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The autonomous aircraft market consists of sales of autonomous aircraft, and related services, which are used as personal air vehicle and passenger air vehicle. The autonomous aircraft is an unmanned aircraft that does not require pilot interference in flight management.
Trends In The Global Autonomous Aircraft Market
Artificial intelligence is now being used by the world's leading airlines to boost operating performance, prevent expensive errors and increase customer loyalty. For instance, Airbus, one of the largest aerospace companies, is currently using AI to analyze data from multiple factories and determine when manufacturing process variations take place. It helps to resolve the problems sooner, when it's faster and less costly or even fully avoid them.
Global Autonomous Aircraft Market Segments:
The global autonomous aircraft market is further segmented based on technology, end use, aircraft type, application, end user and geography.
By Technology: Increasingly Autonomous, Fully Autonomous
By End Use: Passenger Air Vehicle, Personal Air Vehicle
By Aircraft Type: Fixed-Wing, Rotary-Wing
By Application: Cargo Aircraft, Passenger Aircraft
By End User: Commercial, Defense
By Geography: The global autonomous aircraft market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Autonomous Aircraft Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides autonomous aircraft market overviews, analyzes and forecasts market size and growth for the global autonomous aircraft market, autonomous aircraft market share, autonomous aircraft market players, autonomous aircraft market segments and geographies, autonomous aircraft market’s leading competitors’ revenues, profiles and market shares. The autonomous aircraft market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Read Autonomous Aircraft Global Market Report 2021 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Autonomous Aircraft Market Organizations Covered: Boeing, Airbus, Lockheed Martin, Northrop Grumman, Elbit Systems, Raytheon Company, AeroVironment.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Interested to know more about The Business Research Company?
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets. Here is a list of reports from The Business Research Company similar to the Autonomous Aircraft Global Market Report 2021:
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Source: EIN Presswire