About commercial aircraft autopilot systems
Autopilot systems operate, control, and monitor aircraft without constant supervision by the pilot. They consist of four major components: computer systems, actuators, gyros, and GPS. Computer systems allow pilots to program the autopilot system, helps them interact with the GPS and gyros, and transfers the information to an actuator. Autopilot systems enhance a pilot’s aircraft control capabilities and boost efficiency in auto-mode, thus, reducing overall operating costs.
Technavio analysts forecast the global commercial aircraft autopilot system market to grow at a CAGR of 4.55% over the period 2014-2019.
Covered in this report
The report includes the present scenario and the growth prospects of the global commercial aircraft autopilot system market for the period 2015-2019. The report provides a global overview, market segmentation by component, and growth prospects by region (the Americas, APAC, and EMEA). The report also includes the market landscape and a corresponding detailed analysis of the prominent vendors. In addition, the report discusses the major drivers influencing market growth, outlines the challenges faced by vendors and the market as a whole, and identifies the key trends in the market.
Technavio's report, Global Commercial Aircraft Autopilot System Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; and growth prospects of the market in the coming years. The report includes a discussion on the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Commercial Aircraft Autopilot System Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Commercial Aircraft Autopilot System Market: Honeywell, Genesys Aerosystems, DJI, Micropilot and Rockwell Collins
Other Prominent Vendors in the market are: Airware, Cloud Cap Technology, Furuno Electric, Garmin International and Trimble Navigation
Commenting on the report, an analyst from Technavio’s team said: “There is a growing demand for autopilot landing systems in the market. Autopilot landing systems enable secure landing of aircraft during adverse climatic conditions and limited visibility. The system is frequently used for airports that have dense snow, rain, or fog issues. An aircraft can be effectively monitored by the autopilot with the use of a computer in a landing system, which measures the heading, altitude, airspeed, and distance and ensures safe landing of the aircraft.”
According to the report, there has been an increase in the number of aircraft fleet with growing demand for air travel. In 2014, there were more than 20,000 aircraft in service globally, which would double in the next 20 years. Emerging regions like Asia and the Middle East will likely have more than 17,000 aircraft delivered by 2034. An increase in the number of aircraft would simultaneously result in growth of the autopilot system market.
Further, the report states that the high cost of installation of autopilot systems is a major challenge for airlines, since the industry has a low profit margin.
Honeywell, Genesys Aerosystems, DJI, Micropilot, Rockwell Collins, Airware, Cloud Cap Technology, Furuno Electric, Garmin International, Trimble Navigation
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