Autopilot system market expected to grow significantly

Companies operating in this industry are Genesys Aerosystems, Honeywell International, Lockheed Martin, Rockwell Collins, Garmin and Micropilot. Other players include Furuno, Raymairne, DJI, Navico Group, Cloud Cap Technology, Airware, BAE Systems, Century Flight Systems, Comnav Marine, Raytheon, Trimble Navigation, TMQ International, Cobham PLC.

Autopilot system is a crucial part of the flight management infrastructure. It is used for controlling a vehicle, thus eliminating the need of constant monitoring by a human operator. It does not eliminate the need of a human operator, instead, it helps them to operate the vehicle efficiently.

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It improves the accuracy of navigation, reduces the need for human intervention and helps in guiding the pilot and monitoring the trajectory in case of risky situations to avoid accidents. The module is designed in such a way so as to cutback the workload of the cockpit and increase the efficiency of the pilot to control the flight.

Increasing need for flight automation, reduction in operating expenses for higher gains, improved fuel efficiency, and safer cruise are the drivers which will accelerate the autopilot system market size in the coming years. Companies looking for technological advancements and developing high end equipment for greater control and robust applications for military and aerospace will drive the growth.

Introduction of stringent laws and regulations by various governments regarding the aircraft safety represents a challenge to industry participants. Growth opportunities include sophisticated technology development that has led to ability to maintain navigational course. Expensive avionics and maintenance costs will restrict the autopilot system market share.

The narrow body aircraft segment is expected to dominate the industry with the improvement in lifestyle and demand for air travel owing to the introduction of low cost carriers with technologically advanced products. Technological development has resulted in sophisticated systems offering various functionalities like heading mode, guide slope coupling, altitude hold, control wheel steering, vertical speed, course deviation warning, dual mode intercept, coupling and tracking, curve based navigation, sense and avoid.

Autopilot system market share for airborne vehicles include commercial and military aircrafts in the manned segment, while UAVs and missiles form part of the unmanned segment. Further, the maritime vehicles can be segmented into sea based like ships (military & commercial), and subsea based vehicles like submarines or underwater unmanned vehicles, remotely controlled vehicles.

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Europe and U.S. autopilot system market share is forecast to continue dominating global revenue in the coming years. The incorporation of rules and regulations for improvisation of flight safety and technology standards for airlines and passengers will be a notable trend. Latin America and APAC autopilot system market size are expected to witness significant growth during the forecast timeline.

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This release was published on openPR.