Press release
Autopilot Systems Market Is Likely to Experience a Tremendous Growth by 2029
The global autopilot systems market size was valued at $4.4 billion in 2022, and is projected to reach $6.3 billion by 2030, registering a CAGR of 5.4% during the forecast period (2023-2030). An autopilot system is used to automate the process of guiding and controlling the aircraft. A typical autopilot system can automate multiple tasks, such as attitude and altitude maintenance, rate of climb and descent, and course interception and guidance. The market is driven by the enhanced safety requirements of the aviation industry. The advent of the fly-by-wire (FBW) concept necessitates the integration of advanced flight computers onboard an aircraft. Furthermore, to ensure optimal safety levels and enhance the situational awareness of the pilots, the global aviation regulatory agencies have mandated the installation of an autopilot system, in conjunction with the flight director system.The development of advanced aircraft capable of automated flights is driving the ongoing R&D aspect for aircraft autopilot systems and is anticipated to enhance the business prospects of the market players once the technology is fully developed and becomes commercially feasible. As the global air passenger traffic increases, to address the passenger traffic growth, airline operators have initiated procurement drives for new generation aircraft. The dominant aviation regulatory agencies, such as the Federal Aviation Administration (FAA) and the European Aviation Safety Agency (EASA), have mandated the installation of autopilot systems in commercial aircraft to address several safety concerns.
Military powerhouses such as the US and China are focusing on expanding their military aircraft fleet to gain a technological edge over their rival forces. While numerous military aircraft prototypes are being developed, several military procurement programs are currently underway to cater to the global demand for military aircraft market. Military fighter aircraft manufacturers are trying to enhance their production capabilities to ensure timely deliveries. Therefore, the demand for new aircraft would subsequently create a parallel demand for autopilot systems during the forecast period.
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Market Coverage
The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered-
By Aircraft Type
By System
By Application
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- BAE Systems PLC, Collins Aerospace, Honeywell International Inc., Saf-ran SA, Meggitt PLC, and others.
Autopilot Systems Market Report Segment
By Aircraft Type
Rotatory Wing Aircraft
Fixed Wing Aircraft
By System
Attitude and Heading Reference System
Flight Director System
Flight Control System
Avionics System
By Application
Civil and Commercial
Military
A full Report of Autopilot Systems Market is Available @ https://www.omrglobal.com/industry-reports/autopilot-systems-market
Autopilot Systems Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Company Profiles
BAE Systems Plc
Collins Aerospace
Dynon Avionics
General Electric Co.
Genesys Aero Systems
Honeywell International Inc.
Lockheed Martin Corp.
Meggitt Plc
MicroPilot, Inc.
Raymarine Plc
Safran SA
Trimble Inc.
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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