Global Autopilot System Market Revenue To Hit Nearly USD 915.07 Million By 2032

Major companies in autopilot systems market are Honeywell International Inc., BAE Systems PLC, Collins Aerospace, Micropilot, Inc., Trimble Navigation Limited, Lockheed Martin Corporation, Moog Inc., Safran SA, Meggitt PLC, and Micropilot Inc.  amongst others. These players are set to bolster the development of global autopilot systems market.

According to analysts at Zion Market Research, the global autopilot systems market accounted for more than USD 267.3 Million in 2023 and is expected to reach more than USD 915.07 Million by 2032, growing at a CAGR of 13.1% from 2024 to 2032.

This review is based on a report by Zion Market Research, titled “Autopilot System Market By Platform (Airborne, Sea, Subsea And Land-Based), By System (Attitude And Heading Reference System, Flight Control System, Flight Director System And Avionics System), By Component (Software, Gyros, GPS And Actuators), By Application (Homeland Security, Defence And Commercial) And By Region: Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028.”

Lower Installation Costs To Spur Growth

“High demand for reduced installation costs, flight operation safety, enhanced efficiency, and automated flight operations will garner the growth for autopilot systems market in the years ahead,” says the author of this study. Apart from this, the rising investments by the leading players in the development of the technologically advanced autopilot systems help escalate the growth of the global market. The companies are adopting strategic contracts for a huge benefit which in turn boosts the global market growth. The increasing demand for the autopilot systems with improved facilities in the existing systems in the emerging regions significantly drives the global market. The other factors expected to fuel the global market are technologically advanced systems, minimal human intervention, navigation system accuracy, total control, and monitoring to avoid accidents. The ‘Do It Yourself’ autopilots prove beneficial for the unmanned aerial vehicles which in turn boost the global market growth. The stringent government regulatory policies, high maintenance cost, and complex communication, as well as integration problems associated with the other systems, restrain the global autopilot market. The involvement of high-cost electronics and sometimes failures of the software or hardware in the systems also hampers the growth of the global market.

Growth Of Aviation Industry To Support North America Growth

Regionally, North America has been one of leading the worldwide autopilot systems market and is anticipated to continue to grow in the years to come, states the autopilot systems market study. North America and Europe is expected to dominate the global autopilot systems market. The regions in Asia-Pacific region are expected to show positive growth. The U.S. in North America propels the global autopilot system market growth. The regions such as Asia-Pacific and Latin America are expected to provide a platform for the autopilot system manufacturers to invest on.

Browse the full “Autopilot System Market By Platform (Airborne, Sea, Subsea And Land-Based), By System (Attitude And Heading Reference System, Flight Control System, Flight Director System And Avionics System), By Component (Software, Gyros, GPS And Actuators), By Application (Homeland Security, Defense And Commercial) And By Region: Global Industry Perspective, Comprehensive Analysis And Forecast, 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/autopilot-system-market

The global market is segmented as follows:

By Platform

• Airborne
• Sea
• Subsea
• Land-based

By System

• Attitude and Heading Reference System\
• Flight Control System
• Flight Director System
• Avionics System

By Component

• Software
• Gyros
• GPS
• Actuators

By Application

• Homeland Security
• Defense
• Commercial

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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