Autopilot System Market Is Expected To Grow At a CAGR OF 8.3% FROM 2018-2027.

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According to Stratistics MRC, the “Global Autopilot System Market” is accounted for $3.11 billion in 2017 and expected to grow at a CAGR of 8.3% to reach $6.99 billion by 2026. Reduced installation costs, enhanced efficiencies and the rising adoption rates for automation are some of the factors driving the market growth. However, high maintenance costs and stringent government regulations may restrain the market growth. The unmanned aerial vehicles are the recent trends in the market that is generating ample opportunities for the market growth.

 

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Autopilot system is an important part of the flight management system. This system is utilized to control the direction of an aircraft without constant control by a human administrator. Autopilots do not replace human administrators, but instead, they help in controlling the aircraft. These systems are designed to decrease the work of pilots for long distance travelling and to control the flight to improve overall performance. Utilizing this automation system, modern autopilots can control the aircraft in terms of current position, altitude, and the flight control system.

 

Rising Demand for New Aircraft is driving the market growth:

To address the rise in the passenger traffic, airline operators have initiated procurement drives for new generation aircraft. The dominant aviation regulatory organizations, for example, the Federal Aviation Administration (FAA) and the European Aviation Safety Agency (EASA), have ordered the establishment of an autopilot system in a commercial aircraft for addressing few safety concerns. Military powerhouses, for example, the US and China, are concentrating on expanding their military aircraft fleet to gain a technological edge over their rival powers. While various military aircraft prototypes are being created, several military procurement programs are currently underway to cater to the global demand for military aircraft. Military fighter aircraft manufacturers are attempting to upgrade their production abilities to ensure timely deliveries. The F-35 JSF program is one of the successful military fighter programs.

 

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DIY Autopilots in Small Unmanned Aerial Vehicles would provide ample opportunities for the market growth:

DIY Autopilots in Small Unmanned Aerial Vehicles reduces pilot fatigue especially during long-haul flights and also makes an aircraft fly smoothly and helps fly in stormy weather, since it is steadier. It is very important if there is occurrence of engine failure. They do not replace a human administrator; however assist them in controlling the aircraft. They permit the pilot to control the aircraft's height, direction and speed. They generally divide a flight into taxi, takeoff, climb, cruise and landing. Also, if the pilot wants to change the route, he can do so utilizing the flight management system (FMS) - without turning off autopilot.

 

On the basis of aircraft, narrow-body the segment is expected to grow at the significant market share during the forecast period due to the introduction of low cost carriers with technologically advanced products and this advancement have resulted in sophisticated systems offering different functionalities like heading mode, guide slope, altitude hold, control wheel steering, vertical speed, dual-mode intercept, and tracking, curve based navigation. 

 

By geography, the North America region is anticipated to hold considerable market share during the forecast period. Rising adoption of automation technologies and tremendous investment by airline organizations in order to adopt advanced technologies is expected to foster the growth of the market in the region.

 

Some of the key players in the Global Autopilot Systems market are Bae Systems PLC, Rockwell Collins Inc., Honeywell International Inc., Cloud Cap Technology, Genesys Aerosystems, Micropilot Inc., Lockheed Martin, Garmin Ltd., Airware Inc., Comnav Marine Ltd, Trimble Navigation Limited., Furuno Electric Co. Ltd., Raymarine Uk Ltd, Raytheon Anschutz Gmbh, 3D Robotics Inc., Navico Group, Century Flight Systems Inc., TQM, Electronics International Pty Ltd., DJI Science and Technology Co., Ltd. and Northrop Grumman Sperry Marine B.V. 

 

Honeywell International, Inc.: In September 2018, Honeywell acquired Ortloff Engineers, Ltd., a privately held licensor and industry-leading developer of specialized technologies that drive high returns in natural gas processing and sulfur recovery. Ortloff will become part of Honeywell UOP's Gas Processing and Hydrogen business, bringing the industry's most advanced expertise in the recovery of high-value natural gas liquids (NGLs) from natural gas streams. Ortloff technologies are specialized to maximize gas separation, providing customers with high operational flexibility and greater returns on their plant investments.

 

Bae Systems PLC: In September 2018, BAE Systems partnered with University of New Hampshire on STEM program for high school students. They can provide a memorable learning experience to kids who may not have had it otherwise if they had not put the effort in to developing a curriculum, providing hardware, and supporting their technical growth. In partnership with the University of New Hampshire, the “BAE Systems Summer STEM Scholar Program” provided scholarships for 10 students to attend the university’s Tech Leaders camp.

 

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About Stratistics MRC:

Stratistics MRC Pvt Ltd. is a market research firm serving the fortune 500 companies across the world with market intelligence. We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends. Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

 

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