Press release
Aircraft Autopilot System Market Poised for 7 % Growth, Set to Hit $7.99 Billion by 2029
Aircraft Autopilot System Market Size
The escalation in air traffic is anticipated to fuel the advancement of the aircraft autopilot system market. The term air traffic encapsulates the movement of aircraft in flight or on airport terrain, with exception of loading areas and parking spaces. An autopilot is a system developed to guide the flight trajectory of an aircraft without the necessity for relentless manual supervision from a human operator. The autopilot system adjusts the control surfaces of the aircraft to navigate in the burgeoning air traffic. With the expansion of air traffic, an escalating demand for superior automation technology is observed to aid the pilots in managing the heightened workload and maintaining secure and productive flight procedures. For example, in April 2023, it was reported by the International Air Transport Association (IATA), a trade union for airlines located in Cuba, that there was a continuation in the growth of global air travel in February 2023, with total air traffic, gauged in revenue passenger kilometers, experiencing a rise of 55.5% in comparison to February 2022. Moreover, in March 2023, the Bureau of Transportation Statistics, a US agency that is a component of the United States Department of Transportation, disclosed that US airlines transported an additional 194 million passengers in 2022 compared to 2021, corresponding to an annual increase of 30%. Consequently, the escalation in air traffic is anticipated to fortify the growth of the aircraft autopilot system market.
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What Is the projected market size and growth rate for the aircraft autopilot system market?
In recent years, the aircraft autopilot system market has experienced substantial growth. It is projected to increase from a market size of $5.53 billion in 2024 to $5.98 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.2%. Enhancements in aircraft performance, improved aerodynamic efficiency, weight reduction, increased safety and stability, aesthetic refinements, and competition in the market have all contributed to the growth during the historic period.
The market for aircraft autopilot systems is projected to experience substantial expansion in the following few years. It is predicted to escalate to "$7.99 billion by the year 2029 at a compound annual growth rate (CAGR) of 7.5%. This expected growth during the forecast timeframe can be ascribed to factors like new-age aircraft designs, adoption of green aviation practices, regulatory norms, surge in global air traffic, and inclusion of superior materials. The forecast period is also expected to witness major trends such as technology integration, adoption of noise reduction technologies, customization to suit varying aircraft types, services related to retrofitting and the aftermarket, along with collaborations and partnerships.
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What new trends are reshaping the aircraft autopilot system market and its opportunities?
Leading corporations in the aircraft autopilot system market are pushing the boundaries of technology with the development of autonomous flight technology. This advancement is aimed at bolstering operational efficiency, minimizing human errors, and augmenting safety measures, while also enabling intricate flight maneuvers without the need for pilot intervention. Aircraft equipped with autonomous flight technology can function independently, using sensors and artificial intelligence for navigation and immediate adjustments, negating the requirement for human interference. In a milestone move in April 2024, Purdue University, a renowned public research institution in the US, established the first-ever center committed to promoting innovation in autonomous aviation transportation through AI. The Center on AI for Digital, Autonomous, and Augmented Aviation (AIDA3) has been set up with the objective of meeting the projected demand for close to 1 million uncrewed aircraft in the U.S. by 2027. AIDA3 intends to deploy AI and machine learning tools to augment the safety and efficiency of unmanned aerial vehicles (UAVs). The center will be collaborating with Windracers to formulate practical solutions for tackling real-world issues in the domain of autonomous aviation, focusing on key applications like emergency services and humanitarian aid.
What major market segments define the scope and growth of the aircraft autopilot system market?
The aircraft autopilot system market covered in this report is segmented -
1) By Components: Computer System, Gyros, Global Positioning System (GPS), Actuators
2) By Type: Fixed Wing, Rotary Wing
3) By System: Attitude and Heading Reference System, Flight Director System, Flight Control System, Avionics System, Other Systems
4) By Application: Commercial, Military, Civil
Subsegments:
1) By Computer System: Flight Management System (FMS), Autopilot Control Unit, Navigation Computer
2) By Gyros: Rate Gyros, Fiber Optic Gyros, Micro-Electro-Mechanical Systems (MEMS) Gyros
3) By Global Positioning System (GPS): Standard GPS, Differential GPS (DGPS), Real-Time Kinematic (RTK) GPS
4) By Actuators: Electric Actuators, Hydraulic Actuators, Pneumatic Actuators
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Which region dominates the aircraft autopilot system market?
North America was the largest region in the aircraft autopilot system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global aircraft autopilot system market during the forecast period. The regions covered in the aircraft autopilot system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the aircraft autopilot system industry growth?
Major companies operating in the aircraft autopilot system market include Honeywell International Inc., MicroPilot, Lockheed Martin Corporation, BAE Systems plc, Collins Aerospace- RXT corporation, Furuno Electric Co. Ltd., Garmin Ltd., Airware, Dynon Avionics, Trimble Inc., Esterline Technologies Corporation, General Electric Company, Avidyne Corporation, Trio Avionics, Safran Electronics & Defense, Genesys Aerosystems, Cloud Cap Technology, Century Flight Systems, L-3 Communications Holdings Inc., Meggitt plc, Moog Inc., NavtechGPS, Northrop Grumman Corporation, Precision Flight Controls Inc., Sagem Avionics Inc., Sandel Avionics Inc., S-TEC Corporation, Thales Group, Aspen Avionics Inc., Universal Avionics Systems Corporation, Chelton Limited
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What Is Covered In The Aircraft Autopilot System Global Market Report?
• Market Size Forecast: Examine the aircraft autopilot system market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the aircraft autopilot system market for a structured understanding.
• Key Players Overview: Analyze major players in the aircraft autopilot system market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the aircraft autopilot system market.
• Segment Contributions: Evaluate how different segments drive overall growth in the aircraft autopilot system market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the aircraft autopilot system market.
• Industry Challenges: Identify potential risks and obstacles affecting the aircraft autopilot system market.
• Competitive Landscape: Review strategic developments in the aircraft autopilot system market, including expansions, agreements, and new product launches.
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