Autonomous Military Aircraft Global Market Report 2024 - By Trends, Size, Share And Demand, Outlook By 2033

"The new report published by The Business Research Company, titled Autonomous Military Aircraft Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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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.

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.

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

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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

Contents of the report:
1. Executive Summary
2. Autonomous Military Aircraft Market Report Structure
3. Autonomous Military Aircraft Market Trends And Strategies
4. Autonomous Military Aircraft Market - Macro Economic Scenario
5. Autonomous Military Aircraft Market Size And Growth
…..
27. Autonomous Military Aircraft Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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