The global autopilot system market is predicted to reach USD 7.20 billion in 2024 and USD 10.77 billion by 2029, growing at a CAGR of 8.4% during the forecast period.
North America, followed by Europe, has the highest market share of the Autopilot System market. But these developed regions will have very modest growth in the forecast period. Asia-Pacific (APAC) region, which comes in third concerning market share, has the highest average CAGR during the forecast period. The autopilot system market is driven by the increasing need for aircraft, especially in the APAC region. Also, the growing demand for automation, higher fuel efficiency, safer cruises, and reduction in driver fatigue to scrutinize dynamic changes are expected to boost the use of autopilot systems over the forecast period. The need for accuracy in the navigation system, minimization of human intervention, and technological advancements in the autopilot systems for monitoring and controlling the trajectory in case of dangerous situations to avoid accidents plays a significant role in driving the autopilot system market. Complexity in integration and communication with other support systems and inaccuracies in the software are the significant challenges faced by this market. The high maintenance costs and the changing government regulations act as limitations for the autopilot systems market.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
8.4% |
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Segments Covered |
By Platform, Component, Application, and Region. |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Rockwell Collins (U.S.), Honeywell (U.S.), Genesys Aerosystems (U.S.), Furuno (Japan), Garmin (Switzerland), Micropilot (Canada), Raymarine (U.S.), DJI (China), and others. |
Based on the platform, Airborne has the highest market share as of 2029 because of the already-developed autopilot system for aircraft. Cars (land-based) with autopilot mode are also on the increase, but the technology is still not well developed, and there are very few places where cars with autopilot mode are allowed to function.
Based on the component, the software has the largest segment of the Autopilot System Market by type in 2018 and is projected to remain so in the forecast period. This is because as the autopilot technology becomes more and more advanced, it takes software to communicate between various components of the systems like GPS, Gyros, etc. So, the software has become an essential component in any Autopilot system.
Based on the application, the commercial segment has the largest market share as of 2018 and is projected to remain so during the forecast period. The increase in demand for commercial aircraft due to high demand, especially from emerging economies like India and China, is why the commercial segment leads the Autopilot System Market by application.
North America Autopilot System Market commands the highest share, followed by Europe as of 2020. This is because of the large number of aircraft in the region coupled with advancements in the autopilot system in the automobile industry. The market growth rate of the Asia Pacific (APAC) region is the largest, fueled by the recent economic boom in the aviation industry in countries like China, India, Indonesia, etc. Other regions, such as Latin America and the Middle East & Africa, are projected to have a considerably slower growth rate than the APAC region in the Autopilot Systems market.
The major companies operating in the global autopilot system market include Rockwell Collins (U.S.), Honeywell (U.S.), Genesys Aerosystems (U.S.), Furuno (Japan), Garmin (Switzerland), Micropilot (Canada), Raymarine (U.S.), and DJI (China).
The global autopilot system market has been segmented and sub-segmented based on the platform, component, application, and region.
By Platform
By Component
By Application
By Region
North America
The United States
Canada
Rest of North America
Europe
The United Kingdom
Spain
Germany
Italy
France
Rest of Europe
The Asia Pacific
India
Japan
China
Australia
Singapore
Malaysia
South Korea
New Zealand
Southeast Asia
Latin America
Brazil
Argentina
Mexico
Rest of LATAM
The Middle East and Africa
Saudi Arabia
UAE
Lebanon
Jordan
Cyprus
Frequently Asked Questions
The increasing focus on fuel efficiency, reduction in human errors, and advancements in navigation technologies are key drivers propelling the demand for autopilot systems in aviation worldwide.
Artificial intelligence is a pivotal factor, enabling autopilot systems to adapt to real-time environmental changes, optimize routes, and enhance overall decision-making, contributing significantly to the market's technological advancement.
The Autopilot System Market is adapting to the rise of electric and autonomous vehicles by incorporating advanced sensor technologies, machine learning algorithms, and connectivity features to meet the evolving demands of the automotive industry globally.
Regulatory compliance remains a challenge, with varying standards and regulations across different regions. The industry is working towards establishing global standards to address these issues.
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