Global Autopilot Systems Market – Size, Outlook, Trends and Forecast (2024

Global Autopilot Systems Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Autopilot system is the crucial part of the flight management system and is used for controlling the vehicle without the human intervention. However, the system does not replace human entirely but, as an alternative, it helps in operating vehicle efficiently. The autopilot system contains an actuator, a computer and a programmer or mode selector. Programmer enables the pilot to program the autopilot system to get the desired flight profile. The computer receives the programmer information and then transmits to the actuator, and these are used to decrease the workload of the cockpit and for improving the capability of the pilot to control the flight. These systems are extensively used in spacecraft, ships, aviation and missiles.

Global Autopilot Systems Market Size:

Global Autopilot Systems market is poised to reach the value of $5.93 Billion by 2024 from $3.91 Billion in 2017 and will be growing with a CAGR of 6.14% during 2019 – 2024. Increasing demand for automation, growing technological advancements, increasing research activities for advanced autopilot systems, decrease in the pilot fatigue and increasing awareness of the benefits offered by in-flight autopilot systems are driving the market growth. Whereas, government regulations and limitations, hardware and software failures, high cost and complicated manufacturing process and maintenance related issues are hindering the market growth. DIY autopilots in small uncrewed aerial vehicles are creating a chance for the market to explore in all the regions.

Global Autopilot Systems Market Share:

The market is segmented by platform, by component, by application and by geography. By the platform, the market is classified into the airborne platform, land-based autopilot system, sea-based autopilot systems and sub-sea based autopilot system. Every segment by the platform is classified into human-crewed vehicles and uncrewed vehicles sub-segments. Airborne platform segment is expected to hold the large share and also a fastest growing segment with CAGR of XX%. Increasing demand for lessening operating costs, to improve the efficiency and

Global Autopilot Systems Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

safety of the operations of the flight, and allow flight automation are boosting the market growth. Major market players are continually investing in the development of high-end autopilot systems with advanced architecture are driving the growth of this segment.

By component, the market is segmented into GPS, Gyros, Actuators, Software & System Integration. GPS segment is further classified into hardwired GPS, GPS loggers and Real-time GPS. Gyros segment is further classified into Fog & RLG and MEMS gyros. Actuator segment is divided into electro-hydraulic actuators, electro-pneumatic actuators, hydraulic actuators and mechanical actuators. GPS segment holds the most significant market share is owing to providing the positioning abilities to military, civil and commercial users and also to improve the utility of the GPS positioning system. Gyroscopic autopilot system is witnessing the brisk growth rate and is mainly used for the aviation and has been the origin of many diverse aircraft control systems. By application, the market is classified into commercial applications and defence and homeland security application. Commercial applications are further classified into navigation, agriculture, safety operations, oil & gas and news & media. Defence and homeland security application are further classified into navigation, public safety, ISR and combat operations. Commercial application segment is expected to hold the large share is owing to higher adoption rate and usage in diverse sub-segments. Defence and homeland security applications will be the promising segment during the forecast period.

By geography, the market is classified into APAC, North America, South America, Europe and Middle East & Africa regions. North America is expected to hold the most significant market share is owing to increasing adoption of automation technologies and enormous investment by companies to adopt advanced technologies is expected to foster the growth of North America autopilot system market. The markets in Europe and North America have been presenting high growth over the last couple of years. However, countries in

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Global Autopilot Systems Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

the South America and Asia Pacific region are estimated to offer profitable prospects to companies of autopilot systems to capitalise on. Increasing ocean trading and a large number of ships and submarines in the Asia Pacific region are significant factors which are propelling the growth of the autopilot system market in the Asia Pacific region. This growth can also be attributed to the growth of air travels in emerging countries including India, Brazil and some others.

Global Autopilot Systems Market Trends:

Rockwell Collins developed an application to enable the airlines to convert critical aviation messages with advanced cargo information program.
BAE Systems PLC and the University of Manchester has designed future aircraft design with the unique flight control technology.

Global Autopilot Systems Market Research Reports Includes:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have a complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
Identifying DROCin the current market and their impact on altering market dynamics.
Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
Identify the latest developments, market shares and strategies that are employed by the major market players, such as
- Rockwell Collins, Inc.
- BAE Systems PLC
- Garmin Ltd.
- Trimble Navigation Limited.
- Furuno Electric Co. Ltd.

Along with these companies, there were many other companies are considered in the report while analysing the Global Autopilot Systems market. These companies held substantial share-owning to the nature of the industry whereas the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and stable customer base.

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