Global Autopilot Systems Market 2023-2030

Description

List of Tables

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). Autopilot (automated) system is an important part of the flight management system. This system is used to control the trajectory of an aircraft without constant control by a human operator. Autopilots do not replace human operators instead they assist in controlling the aircraft. These systems are designed to reduce the workload of pilots for long travel and to control the flight to improve overall performance. Using this automation system, modern autopilots can control the aircraft in terms of current position, altitude, and the flight control system. The global autopilot systems market is anticipated to experience high growth during the forecast period. Rise in demand for automation systems, increase in number of air passengers, and surge in performance of aircraft systems are expected to drive the growth of the global autopilot systems market. Factors such as increase in investment in the automation industry, and research & development on autopilot systems are expected to create lucrative opportunities for the growth of the market. However, poor automation which reduces the operator situational awareness, high cost in case of autopilot systems, and Airline Company's dependence are expected to hinder the growth of the global autopilot systems market.

Segmental Outlook:

The global autopilot systems market is segmented based on the aircraft type, system, and application. Based on the aircraft type, the market is bifurcated into rotatory wing aircraft and fixed wing aircraft. Based on the system, the market is segmented into attitude and heading reference system, flight director system, flight control system, avionics system, and others. Based on the application, the market is further sub-segmented into civil, commercial, and military. Among the application segment, the commercial segment is expected to hold a significant share in the market during the forecast period owing to due to an increase in the number of air passengers and a surge in demand for goods transit.

The Military Segment is anticipated to hold a Prominent Share in the Global Autopilot Systems Market

Among application segment, the military segment is expected to hold a prominent share in the market during the forecast period. To enhance military prowess, several countries, such as China and India, have resorted to new procurements to effectively respond to security threats and accomplish urgent, critical, and dangerous strategic missions. Modern fighter aircraft are equipped with advanced autopilot systems and flight computers for augmenting the overall situation awareness of the pilot. An increase in demand for aircraft is anticipated to bolster the business prospects of the market players in the region during the forecast period.

Regional Outlooks:

The global autopilot systems market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for particular region or country level as per the requirement. Among these, the North American region is projected to experience considerable growth in the autopilot systems market over the forecast period owing to presence of a large number of aircraft and advancements in autopilot systems in the region.

The Asia-Pacific Region is expected to Hold Prominent Share in the Global Autopilot Systems Market

The Asia Pacific region is expected hold a prominent share in the marke3t during the forecast period. This growth is attributed to rapid increase in aviation traffic. The aircraft industry is derived by China due to an increase in the number of air passengers and air transportation. India is considered to be the world's third-biggest aviation market, trailing after China. The exponential growth of the Indian aviation sector is being aided by increased investment and increasing privatization of the market, both of which are driving the growth of the autopilot systems market. The need for autopilot systems in contemporary fighter aircraft is increasing as China and India increase their defense sector expenditures.

Market Players Outlook:

The major companies serving the global Autopilot systems market include BAE Systems Plc, Collins Aerospace, Honeywell International Inc., Safran SA, Meggitt PLC, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in June 2021, Bell Textron Inc. announced that the Genesys HeliSAS autopilot systems incorporated into the Bell 505 helicopter has received certification from the United Kingdom's Civil Aviation Authority (CAA). It is available in two or three-axis configurations: the two-axis version includes pitch control (altitude hold, IAS Hold) and roll control (HDG hold, NAV, vertical navigation mode), and the three-axis option adds yaw control. Moreover, with the latest Garmin avionics, dual channel FADEC-controlled engine and Genesys HeliSAS autopilot, the Bell 505 is the most advanced short light single aircraft on the market. There are more than 300 Bell 505s operating in more than 55 countries across all six continents.

Product Code: OMR2027252

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. By Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
- 3.1.1. Overview
- 3.1.2. Financial Analysis
- 3.1.3. SWOT Analysis
- 3.1.4. Recent Developments
3.2. Key Strategy Analysis

4. Market Segmentation

4.1. Global Autopilot Systems Market by Aircraft Type
- 4.1.1. Rotatory Wing Aircraft
- 4.1.2. Fixed Wing Aircraft
4.2. Global Autopilot Systems Market by System
- 4.2.1. Attitude and Heading Reference System
- 4.2.2. Flight Director System
- 4.2.3. Flight Control System
- 4.2.4. Avionics System
- 4.2.5. Others
4.3. Global Autopilot Systems Market by Application
- 4.3.1. Civil
- 4.3.2. Commercial
- 4.3.3. Military

5. Regional Analysis

5.1. North America
- 5.1.1. United States
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. BAE Systems Plc
6.2. Collins Aerospace
6.3. Dynon Avionics
6.4. General Electric Co.
6.5. Genesys Aero Systems
6.6. Honeywell International Inc.
6.7. Lockheed Martin Corp.
6.8. Meggitt Plc
6.9. MicroPilot, Inc.
6.10. Raymarine Plc
6.11. Safran SA
6.12. Trimble Inc.