The Autonomous Aircraft Flight Management Computers market industry is projected to grow from Significant value by 2032, exhibiting a compound annual growth rate (CAGR) of moderate during the forecast period (2023 - 2032). Increased adoption of artificial intelligence (AI), rise in number of passengers, great demand for passenger information systems, and demand for reducing accidents are the key market drivers enhancing the market growth.
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Growing adoption of artificial intelligence (AI) is driving the market growth
Market CAGR for autonomous aircraft flight management computers is being driven by the rising adoption of artificial intelligence (AI). In hazardous environments or situations where people are unable to operate, autonomous aircraft lessen the hazards of human mistakes. The US Air Force revealed that it had set the goal of conducting a face-off between an autonomous drone armed with an artificial intelligence-driven flight management and control system and a fighter jet with a human pilot.
Additionally, the fully autonomous unmanned combat air vehicle (UCAV) is capable of air-to-air combat as well as air-to-ground strikes. It would be able to perform many of the same tasks as manned aircraft. Still, it would be able to make critical decisions quicker and more accurately, taking into account a great deal more information in a shorter period without any concern about human error. Moreover, they can be networked into swarms that cooperate to maximize their fighting effectiveness at any given time, greatly exceeding that of formation-controlled management computers, which this increase in the use of artificial intelligence in autonomous systems will drive.
The demand for efficient transport choices has increased as a result of the increase in travelers. As a result, nations are concentrating on building the infrastructure for autonomous aircraft. It is anticipated that increasing government investments in independent aircraft infrastructure would raise demand for the technology and accelerate industry growth. An important channel of communication between passengers and transportation providers is passengers’ information systems.
Along with system dependability, general look, and safety, it can also give up-to-date, accurate arrival and departure information, which is crucial to passenger happiness. Passenger information systems, which are predicted to drive the market’s growth rate, include route information and scheduling, real-time train tracking, travel planning, internet connectivity solutions and passenger infotainment.
For instance, advanced control systems and asset management provide information about current conditions that may be used to assess the state of engines and check on the performance of wagons and aircraft equipment. Proactive scheduling also helps to boost productivity and cut down on time. As a result, it is anticipated that throughout the projection period, demand for autonomous aircraft flight management computers will increase due to the rising adoption of artificial intelligence (AI). Thus driving the Autonomous Aircraft Flight Management Computers market revenue.
Autonomous Aircraft Flight Management Computers Technology Insights
The Autonomous Aircraft Flight Management Computers market segmentation, based on technology, includes fully autonomous and increasingly autonomous. The increasingly autonomous segment dominated the market, accounting for the maximum of market revenue due to the rising installation of autonomous components in unmanned vehicles.
Figure 1 Autonomous Aircraft Flight Management Computers Market, by Technology, 2022 & 2032 (USD Billion)
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Autonomous Aircraft Flight Management Computers End-User Insights
The Autonomous Aircraft Flight Management Computers market segmentation, based on end-user, includes passenger air vehicles, personal air vehicles, combat & intelligence, surveillance and reconnaissance (ISR), air medical services, cargo & delivery aircraft and others. The cargo & delivery aircraft category generated the most income. It is anticipated that cargo airplanes will be the first to use this autonomous aircraft technology. Safety and the lives of passengers are given the utmost priority on commercial flights, so the use of autonomous aircraft should only begin after extensive and ongoing testing. The need for air cargo is also driven by the growth of the e-commerce sector, which suggests that in the near future, demand for air cargo pilots may rise.
Autonomous Aircraft Flight Management Computers Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American Autonomous Aircraft Flight Management Computers market area will dominate this market, owing to an increase in investments in R&D and a rising number of companies. In addition, the growing number of autonomous aircraft will boost market growth in this region.
Further, the major countries studied in the market report are The US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2 AUTONOMOUS AIRCRAFT FLIGHT MANAGEMENT COMPUTERS MARKET SHARE BY REGION 2022 (USD Billion)
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's Autonomous Aircraft Flight Management Computers market accounts for the second-largest market share due to the rising demand from the military sector for surveillance applications and combat operations. Further, the German Autonomous Aircraft Flight Management Computers market held the largest market share, and the UK Autonomous Aircraft Flight Management Computers market was the fastest growing market in the European region.
The Asia-Pacific Autonomous Aircraft Flight Management Computers Market is expected to grow at the fastest CAGR from 2023 to 2032 due to the rising expenditure on the development of advanced next-generation products. Moreover, China’s Autonomous Aircraft Flight Management Computers market held the largest market share, and the Indian Autonomous Aircraft Flight Management Computers market was the fastest growing market in the Asia-Pacific region.
Autonomous Aircraft Flight Management Computers Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Autonomous Aircraft Flight Management Computers market grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Autonomous Aircraft Flight Management Computers industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Autonomous Aircraft Flight Management Computers industry to benefit clients and increase the market sector. In recent years, the Autonomous Aircraft Flight Management Computers industry has offered some of the most significant advantages to the autonomous aircraft sector. Major players in the Autonomous Aircraft Flight Management Computers market, including Textron Inc., Northrop Grumman Corporation, Saab AB, Boeing, Aeronautics Ltd., Elbit Systems Ltd., Airbus S.A.S, BAE Systems Plc, Rockwell Collins, Lockheed Martin Corporation, and others, are attempting to increase market demand by investing in research and development operations.
A California startup named Natilus is creating UAVs to transport flying goods. Through innovation and cutting-edge technology, Natilus is revolutionizing the 75-year-old status quo of freight transportation in order to make air freight rates competitive with cargo shipping and significantly shorten delivery times. A blended-wing, autonomous air freight system that Natilus has planned and built can provide services at a tenth of the cost of current transportation while minimizing harmful effects on the environment. Natilus products are a turnkey solution since Natilus aircraft utilize the existing ground infrastructure and common air cargo containers. In January 2023, Natilus released that Ameriflight, a leader in cargo operations, is the first US regional airline to sign a purchase agreement with Natilus. Ameriflight’s contract for 20 Natilus Kona feeders, valued at USD 134 million, brings the total commitment to deliver 460 aircraft to USD 6.8 billion.
Reliable Robotics are building technology that will improve aircraft safety and help save lives. Continuous autopilot engagement is possible with its FAA-certified technology during all flight phases, including auto-taxi, auto-takeoff, and auto-landing. The movement of commodities and people will also undergo a dramatic transformation thanks to air service cuts or abolishment since 2019. Reliable Robotics began with a certification-forward strategy and first demonstrated the fully automated operation of regional cargo aircraft from the departure gate to the arrival gate. In June 2023, The FAA formally approved the Reliable certification proposal. Continuous autopilot engagement is made possible by the autonomous flight system during all aspects of aircraft operation, including taxi, takeoff, and landing. This significant accomplishment represents an unmatched step forward in the certification of fully automated aircraft.
Key Companies in the Autonomous Aircraft Flight Management Computers market include
Autonomous Aircraft Flight Management Computers Industry Developments
June 2022 A multi-million-dollar agreement between Wilbur-Ellis, a prominent marketer, distributor, and maker of agricultural products, specialized chemicals, and animal feed, and Guardian Agriculture, a pioneering innovator and creator of the first completely autonomous crop protection aircraft system, has been reached.
March 2022 Embraer has announced a wide range of new technology alliances with international businesses, with a focus on ground-breaking innovations in the field of autonomous systems. These agreements are a part of Project EASy, the Embraer Autonomous System project, which makes use of agile experimentation techniques to create best-in-class products that will support autonomous flight in the future.
Autonomous Aircraft Flight Management Computers Technology Outlook
Autonomous Aircraft Flight Management Computers End-User Outlook
Autonomous Aircraft Flight Management Computers Regional Outlook
| Report Attribute/Metric | Details |
| Market Size 2022 | Significant value |
| Market Size 2023 | Significant value |
| Market Size 2032 | Significant value |
| Compound Annual Growth Rate (CAGR) | Moderate value (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Technology, End-User and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Textron Inc., Northrop Grumman Corporation, Saab AB, Aeronautics Ltd., Elbit Systems Ltd., Airbus S.A.S, BAE Systems Plc, Rockwell Collins, Lockheed Martin Corporation |
| Key Market Opportunities | Increasing demand for advanced transportation infrastructure |
| Key Market Dynamics | Increase in passengers. High demand for passenger information systems Growing adoption of artificial intelligence |
Frequently Asked Questions (FAQ) :
The Autonomous Aircraft Flight Management Computers market size was valued at Significant value in 2022.
The market is projected to grow at a CAGR of moderate value during the forecast period, 2023-2032.
North America had the largest share in the market
The key players in the market are Textron Inc., Northrop Grumman Corporation, Saab AB, Boeing, Aeronautics Ltd., Elbit Systems Ltd., Airbus S.A.S, BAE Systems Plc., Rockwell Collins, Lockheed Martin Corporation.
The increasingly autonomous category dominated the market in 2022.
The cargo & delivery aircraft had the largest share in the market.
Senior Research Analyst She has over 5 years of rich experience, in market research and consulting providing valuable market insights to client. hands on expertise in management consulting, and extensive knowledge in domain including ict, automotive & transportation and aerospace & defense. she is skilled in go-to market strategy, industry analysis, market sizing, in depth company profiling, competitive intelligence & benchmarking and value chain amongst others.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
