Commercial Aircraft Autopilot System Market Size, Share, and COVID-19 Impact Analysis, By Software (One axis, Two axis, and Three axis), By Industry (Civil and Defence), By Aircraft (Fixed wing and Rotary wing), and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
The commercial aircraft autopilot system market is witnessing considerable expansion globally, with a significant CAGR anticipated throughout the forecast period extending to 2032. An autopilot is a technology incorporated into almost all of the modern day commercial and military aircrafts that allows pilots to fly the plane without actually interacting with the controls. It is based on the fly-by-wire concept, which works by taking metrics from various input sources all over the aircraft, and determines a safe path for the plane to fly based on those metrics. It is a technology introduced to increase the safety of the aviation industry.
The market is driven by the concerns regarding safety and accuracy of the autopilot. The technology has become a lot more accurate and complex from the time it was first introduced. Autopilots help in reducing the fuel wastage by flying the aircraft in a stable state, reducing the need for course corrections. Majority distances of flights are covered with the help of autopilot. The systems used in some aircrafts are fully capable of taking off as well as landing the aircraft.
The race between aircraft manufacturers to make the most capable and safe aircraft is pushing the boundaries of autopilot every day. The rise in the air traffic, and the current concerns regarding the safety of air travel, all are fuelling aircraft and systems manufacturers to update their technology to be the latest in the market. Improved sensors and algorithms provide better metrics for the system to work on.
A major downside of the current competition in this market is the cost factor. Such automated systems become more costly with every update, and it might not be feasible to update the system in every aircraft.
Key Insights:
The report will describe the following key insights:
- The report analyzes a detailed industry overview, including qualitative and quantitative information.
- The report analyzes an overview and forecast of the Global Commercial Aircraft Autopilot System Market based on various segments.
- The report also analyzes comprehensive PEST analysis for all four regions, i.e. North America, Europe, Asia Pacific, and the Rest of the World, after evaluating economic, political, social and technological factors affecting the global commercial aircraft autopilot system industry in these regions.
Regional Analysis:
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The market is divided into four regions; North America, Europe, Asia Pacific, and the Rest of the World (Latin America and Middle East & Africa). Of these, North America is a major established market, due to the high demand for air travel in this region. Aviation as an industry grew from North America, and today has become a major means of transportation in the region.
Asia Pacific is the fastest growing commercial aircraft autopilot system industry. The air traffic per year is increasing, with major contributions from China and India. The region witnessed a rise of 378.8 % in passenger traffic in February 2023 compared to February 2022. The growing demand for air travel arises the need to acquire more aircraft, increasing the air traffic. This boosts the development of the autopilot and other systems to ensure safety and convenience.
Key Players Covered:
- BAE Systems
- SAFRAN
- Honeywell International Inc
- Collins Aerospace
- Garmin Ltd
- Genesys Aerosystems
- Lockheed Martin Corporation
- Furuno Electric Co. Ltd
- Others
Commercial Aircraft Autopilot System Market Segmentation:
By Mapping | By Industries | By Aircraft | By Geography |
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Key Industry Developments:
- In February 2023, Garmin revealed that it had received supplemental type certification from the FAA for the use of its autopilot GFC 500 in certain Cessna and Commander models, such as the Cessna 172A, 172B, and the Commander 112 and 112A. Garmin said that the GFC 500 brought new safety features to its older aircrafts.
- In November 2022, Collins Aerospace and PT Dirgantara Indonesia (PTDI) signed an agreement to update C-130H aircrafts present in the Indonesian Air Force with their latest Flight2 digital cockpit.
- Ongoing
- 2023
- 2019-2022
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