Autonomous Aircraft Flight Management Computer Market Report 2024

This Autonomous Aircraft Flight Management Computer market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The autonomous aircraft flight management computer market size has grown rapidly in recent years. It will grow from $1.69 billion in 2023 to $1.89 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The growth during the historic period can be attributed to the rising demand for unmanned aerial vehicles, the increasing need for automation in aviation, the growth of commercial airline traffic, and the emergence of urban air mobility.

The autonomous aircraft flight management computer market size is expected to see rapid growth in the next few years. It will grow to $3.02 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%. The growth projected for the forecast period can be attributed to the rising demand for fully autonomous cargo and passenger aircraft, the expanding use of autonomous systems in space exploration, growing investments in drone delivery solutions, the development of smart airports, and increasing regulatory support for autonomous flight operations. Key trends during this period include advancements in artificial intelligence technology, the development of autonomous control systems, the integration of machine learning, innovations in power management systems, and the integration of these systems with ground control operations.

The increasing number of passengers is expected to drive the growth of the autonomous aircraft flight management computer market in the coming years. This rise in passenger numbers is attributed to economic growth, which has made travel more affordable, and the expansion of airline networks, providing greater access to new destinations. Autonomous flight management systems help reduce human error, a major cause of aviation accidents, by handling critical tasks such as navigation, autopilot, and route optimization with high precision. These systems also offer real-time monitoring of the aircraft’s status, allowing for faster response to irregularities than a human pilot. For example, in March 2023, the U.S. Department of Transportation reported that U.S. airlines carried 853 million passengers in 2022, a 30% increase compared to 2021’s 658 million, representing an additional 194 million passengers from the previous year and a significant increase from the 388 million passengers in 2020. Therefore, the growing number of passengers is contributing to the expansion of the autonomous aircraft flight management computer market.

Companies in the autonomous aircraft flight management computer market are focusing on developing autonomous drone fleet management systems to optimize flight operations and improve real-time data analysis for better decision-making. These systems are software platforms that facilitate the coordinated operation, monitoring, and control of multiple drones (unmanned aerial vehicles) at once. For instance, in February 2022, Telefónica, S.A., a telecommunications company based in Spain, introduced an autonomous drone fleet management solution in collaboration with Unmanned Life, a Spain-based software platform specializing in autonomous robotics orchestration. This innovative system enhances security operations by enabling centralized management of multiple drones, improving efficiency in surveillance, event verification, and infrastructure maintenance, and reducing the need for manual intervention.

In June 2024, Joby Aviation, a U.S.-based aviation company, acquired Xwing Inc. for an undisclosed amount. The acquisition aims to bolster Joby Aviation’s efforts in developing electric air taxis by integrating advanced autonomous flight technologies, helping the company lead in aviation autonomy and supporting its vision of accessible, clean, and convenient aerial mobility. Xwing Inc. is a U.S.-based aerospace company specializing in autonomous aircraft flight management systems for both aviation and defense sectors.

Major companies operating in the autonomous aircraft flight management computer market are Raytheon Technologies, Boeing Company, Lockheed Martin Corporation, Airbus SE, Northrop Grumman Corporation, Honeywell Aerospace, BAE Systems, Safran Group, Thales Group, Elbit Systems Ltd., Moog Inc., Curtiss-Wright Corporation, QinetiQ Group plc, Elnfochips, Duncan Aviation, Wisk, Avidyne Corporation, Aéro Montréal, Auterion, UAV Navigation, Aeroscout Gmbh, Avionics International, Stavatti Aerospace.

North America was the largest region in the autonomous aircraft flight management computers market in 2023. The regions covered in the autonomous aircraft flight management computer marker report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the autonomous aircraft flight management computer marker report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

An autonomous aircraft flight management computer (AFMC) is a system that independently oversees flight operations, such as navigation, flight control, and mission planning, typically used in unmanned aerial vehicles (UAVs). It combines sensors and algorithms to make real-time decisions, enabling safe and efficient flight without the need for human input.

The key components of an autonomous aircraft flight management computer include hardware, software, and services. In the aviation industry, hardware refers to the physical elements used in aircraft systems, such as engines, control systems, and avionics. This category includes a variety of platforms, including fixed-wing and rotary-wing aircraft, utilizing technologies that range from fully autonomous to increasingly autonomous systems. These components serve various end users, including passenger air vehicles, personal air vehicles, combat intelligence, surveillance, and reconnaissance (ISR) missions, air medical services, cargo, delivery aircraft, and more.

The autonomous aircraft flight management computer market research report is one of a series of new reports that provides autonomous aircraft flight management computer market statistics, including autonomous aircraft flight management computer industry global market size, regional shares, competitors with an autonomous aircraft flight management computer market share, detailed autonomous aircraft flight management computer market segments, market trends and opportunities, and any further data you may need to thrive in the autonomous aircraft flight management computer industry. This autonomous aircraft flight management computer market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The autonomous aircraft flight management computer market consists of revenues earned by entities by providing services such as flight path management, navigation integration, autopilot control, and air traffic control communication. The market value includes the value of related goods sold by the service provider or included within the service offering. The autonomous aircraft flight management computer (AFMC) market also includes sales of flight planning systems, navigation systems, collision avoidance systems, and communication systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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