Aircraft Autopilot System Market Size was valued at USD 5.5 billion in 2022. The Aircraft Autopilot System market is projected to grow from USD 5.76 Billion in 2023 to USD 8.06 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.9% during the forecast period (2023 - 2030). High Demand for Aircraft Autopilot System also contributing to the growth of the Aircraft Autopilot System market. These are just a few of the market drivers that are driving the market.
The autopilot system helps the pilot with plenty of applications. There are crucial modes such as the glide slope, vertical speed and healing mode, dual-mode, control mode, steering, and altitude hold mode. It can track and enable exceptional
operations. The fewer fuel advantages of the aircraft autopilot system diagram make it more popular. Generally, the operations of aircraft are expensive. The operation cost is also a significant threat to this market. There is high demand for aircraft autopilot systems due to the fuel efficiency and less operational cost. The heading control system for an aircraft autopilot is preferable in the aircraft industry due to its higher efficiency features. Aircraft without autopilot systems have poor operations. However, the requirement for efficient aircraft operations is higher these days. This requirement is a crucial driver for the overall growth of the aircraft autopilot system. The need to reduce the error of aircraft operations is another crucial driver for the aircraft autopilot market.
Aircraft Autopilot System Market segmentation, based on component, including Computer Systems, Gyros, GPS, and Actuators. THe computer system segment held the majority share in 2022 in the Aircraft Autopilot System Market data.
Aircraft Autopilot System Market segmentation, based on application, which includes Commercial and Military. The military system segment held the majority share in 2022 in the Aircraft Autopilot System Market data.
Aircraft Autopilot System Market segmentation, based on aircraft type which includes rotary and fixed-wing. The rotary segment held the majority share in in 2022 in the Aircraft Autopilot System Market data.
North America: Various countries such United States are concentrating on expanding their military aircraft fleet for gaining a technological edge over the rival forces.Numerous military aircraft prototypes are developed, and various military procurement programs are underway for catering to the demand for military aircraft. Military, and fighter aircraft manufacturing companies are trying for enhancing their manufacturing capabilities for ensuring timely deliveries. The F-35 JSF program comprises around 25% of Lockheed Martin's annual revenue. The F-35 JSF features an electro hydrostatic flight control actuation system from Moog Inc. The market is driven by the safety needs of the
industry. The emergence of the fly-by-wire concept requires the integration of advanced flight computers in an aircraft. Moreover, for ensuring optimal safety levels as well as improving the situational awareness of the pilots, the regulatory agencies have compulsion the installation of an autopilot system. The development of new aircraft capable of automated flights is boosting the ongoing research and development aspect for aircraft autopilot systems as well as is anticipated for enhancing the business prospects. Innovation is a major aspect of the aircraft industry. It is necessary to upgrade the existing aircraft with innovative technologies. It provides smooth aircraft operations. The need to develop aircraft is high in different regions. The autopilot system is an advanced technology for aircraft. Thus, the growth opportunities are high in the aircraft autopilot system market because of the requirement for upgradation. Furthermore, many governments are planning for reducing the carbon emission effect on the ecosystem. The government is adopting technologies that reduce carbon emissions. Additionally, autopilot is an efficient system that reduces fuel as well as emissions in aircraft. The governmental supportive policies for adopting the autopilot system are another major growth opportunity for the market. The measure encourages aircraft producers to adopt the advanced autopilot architecture. The major player in the market is expanding the market in a different region. The autopilot system needs specialized supervision. An ordinary pilot possibly may not be a qualified autopilot system in aircraft. Special training is needed to operate the autopilot systems. However, the lack of expert pilots operating autopilot aircraft is a serious challenge in the market. It is a time-consuming process for implementing this technology. Also, the availability of technical services for autopilot aircraft is a challenge.
It is difficult to find technical support in emergency services. Asia Pacific: By 2025, China is estimated to become the largest aviation market in terms of air traffic. India is projected to develop as the third largest aviation market across the world, while other countries, such as Thailand and Indonesia are forecasted to be in the top 10 global markets. The demand for new aircraft is supported by the growing passenger traffic in the Asia pacific. On an account of the changes in the international strategy, the international security system has been diminished by growing unilateralism, hegemonism as well as power politics that have increased the ongoing regional conflicts. To enable military power, various countries, such as India and China, have restored a new procurement for responding to security threats as well as accomplishing critical, urgent, as well as dangerous strategic missions. Modern fighter aircraft are installed with autopilot systems as well as flight computers for augmenting the situation awareness of the pilot. The growing demand for aircraft is boosting the business prospects of the player in the market. Other than air traffic, the growing security environment, driven by the growing geopolitical unrest in different countries, resulted in increasing demand for aircraft.
In order to acquire long-term contracts as well as expand their presence globally, market players are investing majorly in the procurement of acquisition of new aerial assets. Moreover, continuous research and development have been bolstering the advancement of efficiency and accuracy of integrated autopilot technologies as well as associated subsystems. The aircraft having autopilot technology is able to work autonomously via the help of hydraulic and mechanical energy. The Aircraft Autopilot System is experiencing demand because of plenty of reasons. Crucial components of the autopilot system are the actuator, transistor, mode selector, and programmer. The autopilot systems are necessary for decreasing the workload in aircraft cockpits. The adoption rate of this system will huge in the coming year. The aircraft autopilot system is complex technology. The integration of this system into existing aircraft is restraining the market. It is a process that needs technical expertise. Also, it is an expensive and time-consuming procedure. The use of autopilot enhances the efficiency of aircraft. The long duration of integration of the autopilot system is another restraining factor. The restraint can have an impact on the overall market. these restraints impact the overall profitability of the market. The aircraft autopilot market is fragmented, with a few players in the market. Some of the major players in the market include Collins Aerospace, BAE Systems PLC, Moog Inc., Honeywell International Inc., Lockheed Martin Corporation, Meggitt PLC, Moog Inc., and Safran SA.
Major market players are spending a lot of money on R&D to increase their product lines, which will help the schizophrenia market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, mergers and acquisitions, contractual agreements, increased investments, and collaboration with other organizations. Competitors in the Aircraft Autopilot System industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment. One of the primary business strategies adopted by manufacturers in the global Aircraft industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, Aircraft industry has provided medicine with some of the most significant benefits. The Aircraft Autopilot System market major player such as Honeywell International Inc., Genesys Aerosystems, Furuno Electric Co. Ltd. Garmin Ltd., MicroPilot, Lockheed Martin Corporation, and Rockwell Collins.
October 2021 Gramin Ltd. have announced that its GFC 500 autopilot certified with Supplemental Type Certification from Federal Aviation Administration for use in Beechcraft 23 Musketeer/Sundowner, Beechcraft 24 Musketeer/Sierra Beechcraft 19 Sport aircraft models. June 2021 Bell Textron Inc. have announced that the Genesyst Genesys HeliSAS autopilot integrated into Bell 505 helicopter has obtained certification from the UK Civil Aviation Authority November 2020: StandardAero and Thales have announced the sucessful flight test of innovative compact autopilot system that will bring H125 and AS350 helicopters into a new era of safety and perfomance.
| Attribute/Metric | Details |
| Market Size 2022 | USD 2.3 billion |
| Market Size 2023 | USD 2.5 billion |
| Market Size 2030 | USD 4.2 billion |
| Compound Annual Growth Rate (CAGR) | 8% (2023-2030) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2030 |
| Historical Data | 2018 - 2021 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Treatment, Route of Administration and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Johnson & Johnson, Bristol-Myers Squibb and Company/Otsuka Pharmaceuticals, AstraZeneca, Eli Lilly, Alkermes, Sumitomo Dainippon Pharma, Pfizer |
| Key Market Opportunities | Advancement is a crucial aspect of the aircraft industry |
| Key Market Dynamics | High Demand for Aircraft Autopilot System |
Aircraft Autopilot System Market Highlights:
Frequently Asked Questions (FAQ) :
Registering a CAGR of 8% during 2020-2030. is estimated to unlock the growth scope of the global market by 2023
Furuno Electric Co. Ltd. (Japan), Genesys Aerosystems (U.S.), Garmin Ltd. (Switzerland) are the important players in the market.
A beneficial income level is forecasted for the market in the approaching period.
The need to scale back human involvement to reduce error margin is estimated to spur the market's expansion.
The North American region leads the charge for growth in the forecast period.
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