Aircraft Autopilot Systems Market is expected to reach 4.95 billion by 2023 with a CAGR of around 6.30%, during the forecast period

Posted November 12, 2018 by sakkk18

Aircraft Autopilot System Market by Components, Application (Commercial, Military), Aircraft Type (Fixed Wing, Rotary Wing), & Region -Forecast Till 2023
Market Highlights

Autopilot system is an important part of an aircraft, which is used to operate the aircraft without pilot supervision. It consists of various components such as the computer system, actuator, and others. It is used for controlling an aircraft, by eliminating the need for a human operator for constant monitoring. The growing need for automation of the aircrafts is the primary factor driving the growth of the market. Major players of the market making huge investments into R&D for developing advanced technologies, is also fuelling the growth of the market. The huge maintenance costs and the high complexity in system integration are some factors that may hamper the growth of the market.

The market has been analyzed based on components, application and regions. On the basis of components, global aircraft autopilot systems market is segmented as computer systems, gyros, GPS, and actuators. The computer systems segment dominates the components segment of global aircraft autopilot systems market. This computer system is used to program the autopilot system as it helps the pilots, interact with the GPS and the gyros, and transfers the data to the actuator, which then moves the aircraft. Gyros, and GPS are expected to contribute significantly during the forecast period.
Global aircraft autopilot systems market is expected to reach 4.95 billion by 2023 with a CAGR of around 6.30%, during the forecast period.
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Market Research Analysis

On the basis of application, the global Aircraft Autopilot System Market is segmented as Narrow-body aircrafts, Wide-body aircrafts and others. Narrow-body aircrafts dominates the application segment of aircraft autopilot system market. Narrow body aircraft has lesser capacity than the widebody aircraft, they are larger in number. These aircrafts fly over short routes and are thus suited to cater the budget travellers. As of 2016, there were over 15,000 narrow body planes, across the globe, which would be replaced by approximately 12,000 such planes by 2035. Widebody aircraft is expected to contribute significantly, during the forecast period.

Scope of the Report

This study provides an overview of the global aircraft autopilot system market, tracking three market segments across three geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Americas, EMEA, and Asia Pacific,. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Aircraft autopilot system market as components and application.
By Components
• Computer systems
• Gyros
• GPS (Global positioning system)
• Actuators
By Application
• Narrow-body Aircrafts
• Wide-body Aircrafts
• Others

Key Players

The key players of global aircraft autopilot system markets are Lockheed Martin Corporation (U.S), Rockwell Collins Inc. (U.S.), Honeywell International Inc. (U.S.), Genesys Aerosystems (U.S.), Furuno Electric Co. Ltd. (Japan), Garmin Ltd. (Switzerland), Micropilot Inc. (Canada), Raymarine Ltd. (U.S.), Airware (U.S.) and Cloud Cap Technology (U.S.).

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Issued By MRFR
Country India
Categories Aerospace , Business , Research
Tags aircraft autopilot systems market , aircraft autopilot systems market analysis , aircraft autopilot systems market growth , aircraft autopilot systems market share , aircraft autopilot systems market size , aircraft autopilot systems market trends
Last Updated November 12, 2018