Aircraft Autopilot System Market by Components (Computer Systems, Gyros, GPS, Actuators), Application (Commercial, Military), Aircraft Type (Fixed Wing, Rotary Wing), & Region (North America, Europe, Middle East & Africa, South America)-Forecast Till 2023
Aircraft Autopilot System Market Scenario:
Aircraft autopilot system improves the precision of navigation, decreases the need for human involvement and helps in guiding the pilot and monitoring the route in case of unsafe situations to avoid risks of accidents. The section is designed to cutback the workload of the cockpit, and increase the efficiency of the pilot in regulating the flight. Autopilot system also reduces the overall operating cost.
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The role of autopilots has broadened significantly from pilot assistance, it now includes automated landing and also taking full control of aircraft in emergency situations. However, autopilots can never replace a human operator, but only assist in various operations such as monitoring the weather, systems, and trajectory.
The Global Aircraft Autopilot System Market is estimated to witness a CAGR of more than 8% during the forecast period from 2018 to 2023.
On the basis of components, the industry can be segmented into four categories, Computer Systems, Gyros, GPS, and Actuators. The aircraft are equipped with GPS devices that can locate the aircraft in space. By using the navigation coordinates, the autopilot not only assists in keeping the plane straight, but it can also design and execute a complete flight route automatically.
Technological improvements will be a key trend for aircraft autopilot system market growth. The case of aircraft MH 370, which went missing on 8 March 2014 while flying from Kuala Lumpur International Airport in Malaysia, has created ample chaos in the commercial aviation industry as the reasons for its disappearance are still unclear. Keeping such events in view, the aerospace companies are developing their R&D expertise to prevent future aircraft misfortunes. Therefore, airlines are stressing on sophisticated, autonomous technology that can control the flight in case of any danger.
The key driver for market growth will be increasing demand for automation. Automation enhances flight operational safety and efficiency, and at the same time, it reduces operating costs which increases profits Increase in operational safety is especially critical for commercial airlines, which support millions of air travelers. Aircraft autopilot system market drivers include increasing the demand for automation, high fuel efficiency systems, increasing wide range of applications, and technological progress over a decade. The enormous maintenance costs, complexity in system integration, and changing government regulations, are challenges for the autopilot market. Integration of the different hardware, the complex software design which is required, and complexity leading to system errors and failures, are the various limitations faced by this industry. Moreover, Expensive avionics and maintenance costs will restrict the autopilot system market share.
Aircraft Autopilot System Market Key Players:
The key players in global aircraft autopilot system market are Honeywell International Inc. (U.S.), Genesys Aerosystems (U.S.), Furuno Electric Co. Ltd. (Japan), Garmin Ltd. (Switzerland), MicroPilot (Canada), Lockheed Martin Corporation (U.S), Rockwell Collins (U.S.), Cloud Cap Technology (U.S.), Airware (U.S.) and DJI (China).
Aircraft Autopilot System Market Report Scope:
This study provides an overview of the Global Aircraft Autopilot System Market, tracking three market segments across three geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Americas, EMEA, and Asia Pacific,. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Aircraft autopilot system market as components and application.
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