Drone Autopilots Market is Projected to Reach USD 1,016.2 Million by 2030
As per the report published by Kings Research, the global Drone Autopilots Market was valued at USD 687.7 million in 2022 and is projected to reach USD 1,016.2 million by 2030, growing at a CAGR of 5.09% from 2023 to 2030.
A growing trend toward the integration of artificial intelligence (AI) in drone autopilot systems is propelling the market growth. This technology enables the drone to perform complex tasks and adapt to changing environments. One example of an AI-based drone autopilot system is the AIRLink Enterprise, which includes advanced drone autopilot and AI mission computer features. Another example is the PX4 Autopilot, an open-source autopilot system with built-in support for machine learning algorithms.
AI-based autopilots also incorporate obstacle-avoidance capabilities, which make them ideal for use in urban environments. They use machine learning algorithms to identify objects in their path and avoid them autonomously. In addition to obstacle avoidance, AI-based drone autopilots can perform tasks such as mapping and surveying with greater efficiency and accuracy than traditional systems. This makes them ideal for use in fields such as agriculture, mining, and construction. Overall, the emerging integration of drone autopilots with AI is a rapidly evolving field that has the potential to revolutionize the way we use drones for commercial purposes.
- On the basis of type, the computer assisted flight autopilot segment held the largest market share of 49.22% in 2022
- Based on application, the multirotor UAVs segment is anticipated to register a significant CAGR of 5.37% during the forecast period of 2023 to 2030
- On the basis of region, Asia Pacific is anticipated to emerge as the fastest-growing region with a CAGR of 5.80% during the forecast period
Embention Providing Loitering Munitions for Diverse Military Purposes
April 2023: Embention and Loitering munitions, a category of unmanned aerial vehicles (UAVs), made a strategic move by forming a partnership by adding to the array of UAVs that have been utilized for diverse military purposes, such as intelligence, surveillance, mapping, and reconnaissance (ISR). Certain UAVs including medium- to high-altitude, long-endurance (MALE), or tactical UAVs, are intended for offensive military operations.
ModalAI Launched Advanced Autopilot System, VOXL 2, to Expand their Portfolio
April 2022: ModalAI, a Blue UAS Framework manufacturer that specializes in producing independent drone and robot technology, has announced the release of the VOXL 2, which is arguably the most advanced autopilot system presently available. VOXL 2 is driven by the cutting-edge Qualcomm® Flight RB5 5G platform.
Rising Preference for Commercial Purposes to Drive the Market Growth
The rising preference for commercial uses of drones is anticipated to drive the demand for advanced drone autopilot systems. These autopilot systems incorporate advanced capabilities such as waypoint navigation, obstacle avoidance, and precision landing, making them ideal for use in industries such as agriculture, mining, and construction. For instance, in January 2022, the Indian government made efforts to promote the use of drones in agriculture, transportation, and other industries through initiatives such as the Drone Federation of India and the Digital Sky program, which aims to create a regulatory framework for the safe operation of drones in India.
Asia Pacific is Anticipated to be the Fastest Growing Region with a CAGR of 5.8% over the Forecast Period
The growth of the drone autopilots market is expected to be propelled by a rise in offshore oil and gas operations, as well as the establishment of commercial drone networks in the area in the forthcoming period. Additionally, the strong hold of China positioned in the drone autopilot market can be attributed to several factors, including the country's strong manufacturing base, the availability of skilled labor, and government support for technological developments. Additionally, the country's rapidly growing commercial drone market has provided a strong demand for drone autopilot systems, further fueling the growth of this industry in China. Overall, India's growing drone market, coupled with government support, is driving the growth of the drone autopilot industry in the country.
Market Players Concentrating on Innovative Product Launches to Drive Market Development
The global drone autopilots market study is fragmented with key players such as Collins Aerospace, Embention, UAVOS Inc, UAV Navigation, Sky-Drones Technologies LTD, MicroPilot, Robota, THREOD SYSTEMS, A-techSYN Ltd. Co. Ltd, ModalAI, Adsys Controls Inc., Lockheed Martin Corporation. Companies employ a variety of strategic measures such as acquisitions, mergers, partnerships, product introductions, and collaborations to expand their business globally and enhance their competitive position.