Global Autopilot Systems Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Autopilot Systems Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global autopilot systems market report has been segmented on the basis of component, platform, application, and region.
Global Autopilot Systems Market: Overview
Autopilot systems are used for controling aircraft trajectory without a human operator’s constant hands-on control. It is a control system that provides assistance to the human pilot. Autopilot systems maintain altitude and direction of the vehicle, aircraft or vessel. It includes hydraulic, electrical, and mechanical systems used for providing guidance to the aerial vehicle.
Global Autopilot Systems Market: Dynamics
Increasing adoption of automation technology is a key factor driving growth of the global autopilot systems market. Growing commercial aviation sector, owing to increasing number of air travel passengers is another factor supporting growth of the global market. In addition, increasing adoption of an autopilot system in the aviation sector to reduce the involvement of humans, monitoring route, and improve navigation are also factors fueling growth of the target market. Furthermore, autopilot improve passenger comfort and fuel efficiency. These are also factors expected to propel growth of the global autopilot systems market in the near future.
However, accidents caused by failures in the autopilot system is a factor that may hamper growth of the global autopilot systems market. In addition, government regulations in various countries is another factor that could affect the adoption of autopilot system among end users. Nevertheless, adoption of autopilot systems for unmanned aerial vehicles can create high revenue opportunities for players in the target market.
Global Autopilot Systems Market: Segment Analysis
Among the component segments, the global positioning system segment is expected to register lucrative growth in terms of revenue in the near future. Global positioning system or GPS is used for determination of the position of an object by a satellite navigation system. Use of global positioning system to map out the route of the flight by navigation co-ordinates is a factor driving growth of the target market over the forecast period.
Among the application segments, the commercial segment is expected to register high growth in terms of revenue over the next 10 years. Increasing investment in the commercial aviation sector for the adoption of advanced technology is a key factor supporting this segment in the global market.
Global Autopilot Systems Market: Regional Analysis
Market in North America accounts for a significant share in terms of revenue and is expected to maintain its position in the near future. Presence of prominent players and high adoption of advanced technology are factors driving growth of the target market in this region. Europe market is expected to account for second-highest share in terms of revenue over the forecast period. Regulations regarding flight safety standards is a factor supporting growth of the target market in countries in this region. Market in Asia Pacific is expected to register lucrative growth in terms of revenue in the near future, followed by Latin America. Growing aviation industry, coupled with increasing number of air travel passengers is a factor fueling growth of the target market in the Asia Pacific.
Global Autopilot Systems Market Segmentation:
Segmentation by Component:
- Global Positioning System
- Software & System Integration
Segmentation by Platform:
Segmentation by Application:
- Defense & Homeland Security
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Bae Systems PLC
- Rockwell Collins, Inc.
- Garmin Ltd.
- Honeywell International, Inc.
- Trimble Navigation Limited.
- Comnav Marine Ltd.
- Furuno Electric Co., Ltd.
- Raymarine Uk Ltd.
- Micropilot, Inc.
- Raytheon Anschütz GmbH
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