Press release
Commercial Aircraft Autopilot System Market Trends, Business Overview, Industry Growth and Forecast to 2028
The global commercial aircraft autopilot system market is anticipated to grow at a considerable CAGR during the forecast period. Owing to the rise in air traffic and demand for air travel, regulatory agencies such as Federal Aviation Administration (FAA) and others had mandated the installation of the auto pilot system to ensure the safety of the passengers and crew members. According to International Civil Aviation Organization (ICAO), the total number of passengers carried on scheduled services rose to 4.5 billion in 2019, which is 3.6% higher than in 2018, while the number of departures reached 38.3 million in 2019. The low-cost carriers carried an estimate of 1.4 billion passengers in 2019, which was approximately 31.0% of the global total scheduled passengers. Further, according to the data published by the Bureau of Transportation Statistics in 2022, US airlines carried 674 million passengers in 2021, which is 82.5% more than in 2021.The presence of major players in the market coupled with their benchmarking operations is anticipated to drive the growth of the global commercial aircraft autopilot system market. For instance, in January 2020, Airbus had performed the fully automatic vision-based take-off using an Airbus Family test aircraft at Toulouse Blagnac airport. This operation aimed to engage the auto pilot while the take-off. The test pilot captain Yann Beaufils stated that, with the use of the auto pilot system, the aircraft accelerated automatically maintaining the runway centerline, at the exact rotation speed as entered in the system. Thus, such operations are anticipated to fuel the demand for the global commercial aircraft autopilot system market.
Further in June 2021, Bell Textron Inc had received a certification from the UK Civil Aviation Authority (CAA) for its Genesys HeliSAS autopilot system incorporated in the Bell 505 Helicopter. Similarly in October 2021, Garmin Ltd had received Supplemental Type Certification (STC) from the Federal Aviation Administration (FAA) for its GFC 500 autopilot system. Therefore, such certifications are anticipated to drive the growth of the global commercial aircraft autopilot system market.
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Market Coverage
•The market number available for - 2021-2028
•Base year- 2021
•Forecast period- 2022-2028
•Segment Covered-
•By Type
•By Application
•Regions Covered-
•North America
•Europe
•Asia-Pacific
•Rest of the World
Competitive Landscape- Honeywell International Inc, Bell Textron Inc, and Dynon Avionics among others.
A full report Commercial Aircraft Autopilot System Market of is available at: https://orionmarketreports.com/commercial-aircraft-autopilot-system-market/105534/
Global Commercial Aircraft Autopilot System Market Report by Segment
By Type
•Single-Axis Autopilot
•Two-Axis Autopilot
•Three-Axis Autopilot
•Others
By Application
•Civil Passenger Aircraft
•Civil Transport Aircraft
•Commercial Helicopter
•Unmanned Aerial Vehicle (UAV)
Key questions addressed by the report
•What is the market growth rate?
•Which segment and region dominate the market in the base year?
•Which segment and region will project the fastest growth in the market?
•How has COVID-19 impacted the market?
•Deviation from the pre-COVID-19 forecast
•Most affected region and segment
•Who is the leader in the market?
•How players are addressing challenges to sustain growth?
•Where is the investment opportunity?
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About Us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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