Global In-Flight Autopilot (Automated) Systems Market Report, published by Variant Market Research, forecast that the global market is expected to reach $9.4 billion by 2024 from $6.5 billion in 2016; growing at a CAGR of 4.6% from 2016 to 2024. By geography, Asia-Pacific and RoW are expected to grow at a CAGR of 6.8% and 5.9%, respectively, during the forecast period.In-flight autopilotsystems are nowadays used in all types of aircrafts due to its advanced operational capabilities. It finds application in commercial aircrafts, military aircrafts, and civilian aircrafts. Different system types which are used in aircrafts are flight director system, attitude and heading reference system, and avionics system, among others.
"In-Flight Autopilot Systems Market (By System Type: Flight Director System,Attitude and Heading Reference System, Avionics System, Flight Control System, and Other System Types; By Aircraft Type: Rotary Wings Aircraft, and Fixed-Wing Aircraft; By Application: Commercial Aircrafts, Military Aircrafts, and Civilian Aircrafts;By Geography: North America, Europe, Asia-Pacific and RoW) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015 – 2024"
Increasing requirement for automation in aviation industryto drive the growth ofin-flight autopilotsystemsmarket
The factors supporting growth of the global in-flight autopilot systemsmarket areincreasingrequirementfor automation in aviation industry, rising focus towards improving operational efficiency, andincreasing number of air passengers. However,huge cost of in-flight autopilot systems and high dependence on airline companies may act as a restraint for the growth of the market. Moreover,R&D activities to develop innovative featureswould provide several growth opportunities for the market in the future years.
System type, aircraft type, application, and geography are the major segments considered in the globalin-flight autopilot systems market. By system type, the market is bifurcated intoflight director system,attitude and heading reference system, avionics system, flight control system, and other system types. Based on aircraft type, the market is further classified as rotary wings aircraft, and fixed-wing aircraft. Further, application is divided intocommercial aircrafts, military aircrafts, and civilian aircrafts. By geography, the market is segmented intoNorth America, Europe, Asia Pacific, and Rest of the World (RoW).
The country wise analysis has been also covered under the scope of the report. North America covers the U.S., Canada, and Mexico. UK, France, Germany, Italy, and Rest of Europe are analyzed under the European market. China, Japan, India, Oceanic(Australia, New Zealand, Papua New Guinea and Fiji among others), and Rest of Asia-Pacific are included under the Asia-Pacific market While RoW is bifurcated into South America, Middle East, and Africa.
Flight director systemaccounted for the largest market share in the system type segment
Global In-Flight Autopilot Systems market, by System Type
Flight director systemaccounted for the largest market sharein 2016, in the system type segment, and is expected to continue its dominance during the forecast period 2016 – 2024. As it serves the role of a visual indicator of where autopilot wants the plane to go, its popularity and demand has increased globally.
Fixed-wing aircraftaccounted for the largest market share in the aircraft typesegment
Global In-Flight Autopilot Systems Market, by Aircraft Type
Fixed-wing aircraftaccounted for the largest market sharein 2016, in the aircraft type segment, and are expected to continue its dominance during the forecast period 2016 – 2024. The growth is majorly attributed to the mounting focus of the airline companies towards automation of the aircrafts.
Commercial aircraftsaccounted for the largest market share in the application segment
Global In-Flight Autopilot Systems market, by Application
Commercial aircraftsaccounted for the largest market sharein 2016, in the application segment, and are expected to continue its dominance during the forecast period 2016 – 2024, Growing focus towards flightsafety coupled with rising number of air passengers in commercial aircrafts has driven the market for commercial aircrafts.
North America dominated the global market with largest market share over the forecast period
GLOBAL IN-FLIGHT AUTOPILOT SYSTEMS MARKET SHARE BY GEOGRAPHY,2016 (%)
North Americadominated the global market with largest market share of 46.4% in 2016, and expected to continue its dominance during the forecasted period, owing to countries in this region such as the U.S., iscontinuouslyproviding their military aircrafts with the highlysuperior versions of autopilots.
The major players operating in the market areCloud Cap Technology, Inc., Rockwell Collins, Inc., Lockheed Martin Corporation, MicroPilot, Inc., Genesys Aerosystems Group, Inc., Garmin Ltd., General Electric Company, Lufthansa Systems GmbH, Esterline Technologies, and Honeywell International, Inc., among others.