Press release
Autonomous Military Aircraft Market Set for Strong Growth: Reaching $7.97 Billion by 2028, Driven by Technological Advancements
The autonomous military aircraft market size has grown strongly in recent years. It will grow from $5.96 billion in 2023 to $6.47 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to mission effectiveness, surveillance and reconnaissance, special operations, cost reduction.
The autonomous military aircraft market size is expected to see strong growth in the next few years. It will grow to $7.97 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to technological refinement, artificial intelligence and machine learning, armed autonomous aircraft, counter-drone technologies. Major trends in the forecast period include swarming technology, improved payloads, long-endurance uavs, electromagnetic warfare (ew).
Market Overview -
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.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=3208&type=smp
Government Investment In Autonomous Military Aircraft Bolsters Market Growth
Increasing government funding on defense equipment such as autonomous military aircraft to enhance the efficiency of military operations also boosts the demand for the market. For instance, in September 2021, the UK government invested nearly £400 million in the Royal Air Force (RAF) to upgrade the capabilities of two of its most important assets such as the C-17 Globemaster airplane and the CH-47 Chinook helicopter. £324 million will be invested in the UK's C-17 fleet. As part of a contract with the US Air Force, this will upgrade hardware and software to improve airlift capability. As part of a £64 million contract with Boeing Defence UK (BDUK), the UK's fleet of Mk5 and Mk6 Chinook helicopters will be improved with cutting-edge defensive systems, making them more difficult for adversaries to detect. Hence, increasing government spending on autonomous military aircraft is a key factor in driving the growth of the autonomous military aircraft market.
Competitive Landscape -
Major companies operating in the autonomous military aircraft market include The Boeing Company, Lockheed Martin Corporation, GE Aviation, Northrop Grumman Corporation, BAE Systems plc, Israel Aerospace Industries Ltd. (IAI), Elbit Systems Ltd., Dassault Aviation S.A., Denel Dynamics (Pty) Ltd, Airbus SE, United Technologies Corporation, General Dynamics Corporation, Raytheon Technologies Corporation, Safran S.A., Rolls-Royce Holdings plc, China Aerospace Science and Technology Corporation, Kratos Defense & Security Solutions Inc., Textron Inc., Anduril Industries, Shield AI Inc., Thales Group, Cobham Limited, QinetiQ Group plc, Endeavor Robotics (formerly known as iRobot Defense and Security), AeroVironment Inc., General Atomics Aeronautical Systems Inc., Aurora Flight Sciences a Boeing Company, Maxar Technologies, SpaceX (Space Exploration Technologies Corp.), The Aerospace Corporation
Integration Of Artificial Intelligence In The Autonomous Military Aircraft Industry
Autonomous military aircraft industry is 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.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/autonomous-military-aircraft-global-market-report
Key Segments -
The autonomous military aircraft market covered in this report is segmented -
1) By Type: Fighter Aircrafts, Bombers, Reconnaissance and Surveillance Aircrafts, Airborne Early Warning Aircrafts, Others
2) By Component: Flight Management Computers, Air Data Intertial Refernece Units, Sensors, Actuation Systems, Software, Intelligent Servos, Cameras, Radars & Transponders, Propulsion Systems
3) By Technology: Remotely Operated, Semi-Autonomous, Autonomous
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
The autonomous military aircraft market size is expected to see strong growth in the next few years. It will grow to $7.97 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to technological refinement, artificial intelligence and machine learning, armed autonomous aircraft, counter-drone technologies. Major trends in the forecast period include swarming technology, improved payloads, long-endurance uavs, electromagnetic warfare (ew).
Market Overview -
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.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=3208&type=smp
Government Investment In Autonomous Military Aircraft Bolsters Market Growth
Increasing government funding on defense equipment such as autonomous military aircraft to enhance the efficiency of military operations also boosts the demand for the market. For instance, in September 2021, the UK government invested nearly £400 million in the Royal Air Force (RAF) to upgrade the capabilities of two of its most important assets such as the C-17 Globemaster airplane and the CH-47 Chinook helicopter. £324 million will be invested in the UK's C-17 fleet. As part of a contract with the US Air Force, this will upgrade hardware and software to improve airlift capability. As part of a £64 million contract with Boeing Defence UK (BDUK), the UK's fleet of Mk5 and Mk6 Chinook helicopters will be improved with cutting-edge defensive systems, making them more difficult for adversaries to detect. Hence, increasing government spending on autonomous military aircraft is a key factor in driving the growth of the autonomous military aircraft market.
Competitive Landscape -
Major companies operating in the autonomous military aircraft market include The Boeing Company, Lockheed Martin Corporation, GE Aviation, Northrop Grumman Corporation, BAE Systems plc, Israel Aerospace Industries Ltd. (IAI), Elbit Systems Ltd., Dassault Aviation S.A., Denel Dynamics (Pty) Ltd, Airbus SE, United Technologies Corporation, General Dynamics Corporation, Raytheon Technologies Corporation, Safran S.A., Rolls-Royce Holdings plc, China Aerospace Science and Technology Corporation, Kratos Defense & Security Solutions Inc., Textron Inc., Anduril Industries, Shield AI Inc., Thales Group, Cobham Limited, QinetiQ Group plc, Endeavor Robotics (formerly known as iRobot Defense and Security), AeroVironment Inc., General Atomics Aeronautical Systems Inc., Aurora Flight Sciences a Boeing Company, Maxar Technologies, SpaceX (Space Exploration Technologies Corp.), The Aerospace Corporation
Integration Of Artificial Intelligence In The Autonomous Military Aircraft Industry
Autonomous military aircraft industry is 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.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/autonomous-military-aircraft-global-market-report
Key Segments -
The autonomous military aircraft market covered in this report is segmented -
1) By Type: Fighter Aircrafts, Bombers, Reconnaissance and Surveillance Aircrafts, Airborne Early Warning Aircrafts, Others
2) By Component: Flight Management Computers, Air Data Intertial Refernece Units, Sensors, Actuation Systems, Software, Intelligent Servos, Cameras, Radars & Transponders, Propulsion Systems
3) By Technology: Remotely Operated, Semi-Autonomous, Autonomous
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
