What is the Historic and Current Scenario of the Autopilot System Market?
The autopilot system market has seen considerable growth due to a variety of factors.
•The size of the autopilot system market has seen robust growth in the past few years. The projection predicts an increase from $5.61 billion in 2024 to $5.98 billion in 2025, marking a 6.6%.
compound annual growth rate (CAGR). Factors contributing to this growth in the past include improvements in aviation safety, the expansion of the airline industry, adherence to regulatory standards, enhanced airplane performance, and the emergence of commercial aviation.
What are the Forecasted Growth and Key Factors of the Autopilot System Market?
The autopilot system market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations for the autopilot system market size predict robust expansion in the coming years, with an anticipated growth to "$7.98 billion by 2029 and a compound annual growth rate (CAGR) of 7.5%.
This anticipated growth during the forecast period is likely due to factors such as increasing demand for passenger safety, incorporation in next-generation aircraft, emphasis on fuel efficiency, updates to regulatory compliance, and progress in AI and machine learning. Key market trends for this period include software and firmware updates, prioritization of redundancy and safety, advancements in unmanned aerial vehicles (UAVs), innovation in human-machine interfaces, and improvements in sensor technology.
What Are The Leading Drivers Of Growth In The Autopilot System Market?
The growth of the autopilot system market is predicted to surge due to an expected increase in air passenger numbers. Individuals who travel via airplane or other air transport are considered air passengers. Automated support in air traffic control may become more in demand as air passenger traffic escalates. The automation role in air traffic control has grown pivotal as the total number of annual flights is increasing exponentially. Moreover, the prolonged COVID-19 lockdown has caused an increase in both work-related and recreational travel. For example, there was a 65% increase in carried air passengers from January to April 2022 compared to April 2021, and aircraft flight departures witnessed a 30% increase, according to the International Civil Aviation Organization (ICAO), a UN agency and the world forum for civil aviation's report published in May 2022. Thus, the expected rise in air passenger numbers is the driving force behind the advancement of the autopilot system market.
How Are The Segments Defined Within The Global Autopilot System Market?
The autopilot system market covered in this report is segmented –
1) By System: Attitude And Heading Reference System, Flight Control System, Flight Director System, Avionics System
2) By Product Type: Rotary Wing Aircraft, Fixed Wing Aircraft
3) By Platform: Airborne, Sea, Subsea, Land-Based
4) By Application: Military, Defense, Commercial
Subsegments:
1) By Attitude And Heading Reference System (AHRS): Inertial Reference Units, Gyroscopic Sensors, Magnetometers
2) By Flight Control System (FCS): Primary Flight Control Systems, Secondary Flight Control Systems, Automatic Flight Control Systems
3) By Flight Director System (FDS): Vertical Flight Director, Lateral Flight Director, Integrated Flight Director Systems
4) By Avionics System: Navigation Systems, Communication Systems, Surveillance Systems, Display Systems
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How Are New Trends Expected To Influence The Growth Of The Autopilot System Market?
A rising trend in the autopilot system market is the development of innovative technology. Major businesses in this sector are striving to create new tech-based solutions to consolidate their market position. For instance, in February 2023, Reliable Robotics Corp., an American company specializing in aircraft automation systems, launched a sophisticated autopilot system for planes. This system, with its high-accuracy navigation, enhances air safety by facilitating all-weather auto-taxi, auto-takeoff, and auto-landing, eliminating the need for ground infrastructure. This groundbreaking technology acts as a basis for an ongoing engagement autopilot, thus reducing the risk of in-flight loss of control, controlled flight into terrain, fuel mismanagement, and other serious air accident causes.
Who Are the Key Players in the Autopilot System Market?
Major companies operating in the autopilot system market include:
• Rockwell Collins Inc.
• BAE Systems plc
• Cloud Cap Technology Inc.
• Furuno Electric Co. Ltd.
• Garmin International Inc.
• Genesys Aerosystems Group Inc.
• Honeywell International Inc.
• Micropilot Inc.
• Raymarine Ltd.
• Moog Inc.
• Safran SA
• Parker Meggitt plc
• Lockheed Martin Corporation
• Century Flight Systems Inc.
• Cobham Limited
• TMQ International Pty. Ltd.
• Thales Group
• Avidyne Corporation
• Dynon Avionics
• SEA MACHINES Robotics Inc.
• West Marine
• Kobelt Manufacturing Co. Ltd.
• Comnav Marine Ltd.
• Brunswick Corporation
• Octopus Autopilot Drives systems
• Trimble Navigation Limited
• Raytheon Anschütz GmbH
• The Mercedes-Benz Group AG
What Is The Most Dominant Region In The Autopilot System Market?
North America was the largest region in the autopilot system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global autopilot system market during the forecast period. The regions covered in the autopilot system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
