The global Aircraft Autopilot System Market was estimated at US$ xx billion in 2020 and is expected to record a CAGR of 6.14% to reach US$ xx billion in 2025.
An Aircraft Autopilot System is a mechanical, electrical or hydraulic system that can operate an aircraft or a ship without the help of a person. This autopilot system stores inertial measurement unit data. In addition, corrective measures are taken to guide the aircraft using this storage data. The autopilot system also monitors the relevant driving data to maintain the orientation of the aircraft or vessel. There are three primary levels of control used in the autopilot system, including the single-axis autopilot control, the 2-axis autopilot control and the additional 3-axis autopilot control.
The leading aviation regulatory agencies, such as the Federal Aviation Administration (FAA) and the European Aviation Safety Agency (EASA), have ordered the installation of autopilot systems in commercial airplanes to address some security problems.
The F-35 JSF program is one of the most successful military combat programs. The F-35 JSF program constitutes approximately 25% of the annual turnover of Lockheed Martin Corporation, so they plan to improve F-35 JSF production capacity from 131 aircraft in 2019 to 149 in 2020 and 169 by 2021.
In 2017, Ankara negotiated a $ 2.5 billion deal between the Kremlin and the S-400, despite warnings that buying the system would have political and economic consequences.
The growing demand for automation systems, the increasing number of aviation passengers and the increase in aircraft system performance is expected to grow the global market for Aircraft Autopilot System.
The global Aircraft Autopilot System business is growing mainly due to the increase in air travel worldwide, and leading airlines have started adopting these systems. The leading airlines are investing a high capital for the advancement of aircraft technology. Technological advances in aircraft, including the adoption of advanced autopilots, are critical drivers of the growth of the global Aircraft Autopilot System industry. Also, the growth of the world market is driven by the increase in maritime trade and water transport. The presence of strict rules and regulations to ensure the safety of aircraft with real-time data is also an essential factor in the growth of GPS segments.
Besides, the growing penetration of autonomous technologies and the advantages of Aircraft Autopilot System, such as improved fuel economy and long-distance travel, are also the main drivers of the global market. Besides, the increasing adoption of autopilot systems in unmanned aerial vehicles and drones is a crucial factor that is expected to strengthen the growth of the Aircraft Autopilot System Market in the near future.
However, the low compatibility and inaccuracy of the software are some of the main factors that may limit the growth of the global market for aircraft autopilot systems. Also, the high costs associated with maintaining autopilot systems and changes in government regulations for autopilot systems are limiting the growth of this market.
The global Aircraft Autopilot System market is classified in terms of system, aircraft type, application and region.
By Aircraft Type:
Based on the aircraft type, the narrow-body segment is predicted to witness rapid growth in the coming years, attributing to the increasing adoption by low-cost carriers and technological advancements.
Depending on the application, the civil and commercial segment is likely to expand with a robust growth rate in the forecast period due to the government amends in developing countries to implement autopilot systems in aircraft.
In terms of geography, the North American aircraft autopilot system market occupied most of the global business. The United States dominates the autopilot systems industry in North America. The adoption of automation technology and the significant investment of airlines to adopt advanced technology are expected to accelerate the growth of the North American market.
Europe Aircraft Autopilot System market is the second-largest market and is presumed to witness satisfactory growth during the forecast period. The presence of a large number of airlines and the increasing adoption of autopilot systems in airplanes are some of the critical factors in increasing the growth of the autopilot systems market in Europe. The United Kingdom contributed significantly to the growth of the European market for autopilot systems.
Nevertheless, the Asia Pacific aircraft autopilot system market and Latin America aircraft autopilot system market will be the fastest-growing regions around the world. The increase in maritime trade in the Asia-Pacific region and numerous ships and submarines are vital drivers of the growth of the autopilot system market in the area. The business growth may also be due to the increase in air travel in emerging countries, such as India and Brazil.
Honeywell's BendixKing business helps bring affordable technology to experimental and general aviation markets. The U.S. Navy Fleet Preparation Center in Florida recently launched its F-35 radar maintenance capabilities with the Lockheed Martin LM-STAR automated test system.
Rockwell Collins, Honeywell and Genesys Aerosystems ranked third in the commercial aircraft autopilot systems market in 2014. Rockwell Collins has a 23.08% stake, Honeywell has a 17.06% stake, Genesys Aerosystems has a 10.91% stake.
Famous companies in the Aircraft Autopilot System Market include Lockheed Martin Corporation, Collins Aerospace, BAE Systems plc, MicroPilot, Genesys Aerosystems, Garmin Ltd, Honeywell International, Inc., Meggitt PLC, Cloud Cap Technology, Moog, Inc. and Safran SA
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Aircraft Autopilot System Market, By System
6.1.1 Attitude and Heading Reference
6.1.2 Flight Director
6.1.3 Flight Control
6.1.5 Market Size Estimations & Forecasts (2019-2024)
6.1.6 Y-o-Y Growth Rate Analysis
6.1.7 Market Attractiveness Index
6.2 Aircraft Autopilot System Market, By Aircraft Type
6.2.1 Narrow Body
6.2.2 Regional Jets
6.2.3 Wide Body
6.2.4 Turbo Propellers
6.2.5 Market Size Estimations & Forecasts (2019-2024)
6.2.6 Y-o-Y Growth Rate Analysis
6.2.7 Market Attractiveness Index
6.3 Aircraft Autopilot System Market, By Application
6.3.1 Civel and Commercial
6.3.3 Market Size Estimations & Forecasts (2019-2024)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By System
7.2.3 By Aircraft Type
7.2.4 By Application
7.3.1 By Country
18.104.22.168 Rest of Europe
7.3.2 By System
7.3.3 By Aircraft Type
7.3.4 By Application
7.4 Asia Pacific
7.4.1 By Country
22.214.171.124 South Korea
126.96.36.199 South East Asia
188.8.131.52 Australia & NZ
184.108.40.206 Rest of Asia-Pacific
7.4.2 By System
7.4.3 By Aircraft Type
7.4.4 By Application
7.5 Latin America
7.5.1 By Country
220.127.116.11 Rest of Latin America
7.5.2 By System
7.5.3 By Aircraft Type
7.5.4 By Application
7.6 Middle East and Africa
7.6.1 By Country
18.104.22.168 Middle East
7.6.2 By System
7.6.3 By Aircraft Type
7.6.4 By Application
8. Key Player Analysis
8.1 Lockheed Martin Corporation
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Honeywell International Inc.
8.3 Collins Aerospace
8.4 BAE Systems Plc
8.5 Genesys Aerosystems
8.7 Meggit Plc
8.8 Safran SA
8.9 Garmin Ltd
8.10 Moog, Inc.
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures