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Global Autopilot System Market 2018 Top Key Players: Honeywell International, Lockheed Martin, Rockwell Collins, Garmin, Micropilot, Furuno, Raymairne, DJI, Navico Group, Cloud Cap Technology, Airware, BAE Systems
Global Market Insights
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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. It also consumes less fuel as compared to a manually handled plane.
Increase in air travel due to the introduction of low cost fare flights and rising safety concerns of airborne flights will fuel the autopilot system market growth. 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.
By aircraft type, the industry can be segmented into narrow body, wide body, regional jets and turbo propeller aircrafts. 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.
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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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.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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