ARLINGTON, Va. - The Aerospace Industries Association (AIA) and Avascent* released a report detailing with the breakthrough growth in the autonomous aircraft market, which is anticipated to reach nearly $325B over the next 20 years. The “Continuing to Think Bigger: Autonomous Aircraft and the Transformation in Aviation” report explores the next steps for aviation and a potential to transformation of daily life while expanding America’s leadership in global aviation. Since their first “Think Bigger” report, investments in autonomous aircraft have skyrocketed. This latest report finds autonomous aircraft are projected to directly lead to almost 100K jobs by 2040. Spending on autonomous aircraft is poised for dramatic growth and expected to total about $325B from 2022-40 and expand at a nearly 25 percent compound annual growth rate. The report identifies three key policy recommendations:
#Build a comprehensive national policy and regulatory map that prioritizes U.S. leadership in aviation;
#Invest in key infrastructure and technology development areas; and
#Develop performance-based regulations that facilitate innovation while ensuring safety and security. (Source: AIA 03/16/22) [* Avascent is a management consulting firm - with offices in NYC and Washington DC - specializing in serving senior executives in the defense, aerospace, healthcare, homeland security, logistics, technical services and infrastructure sectors.] AIA, Avascent Report: Autonomous Aircraft Market to Reach $325 Billion by 2040 | Aerospace Industries Association (aia-aerospace.org)
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