Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 267.3 Million | USD 915.07 Million | 13.1% | 2023 |
According to Zion Market Research, the global Autopilot System Market was worth USD 267.3 Million in 2023. The market is forecast to reach USD 915.07 Million by 2032, growing at a compound annual growth rate (CAGR) of 13.1% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Autopilot System Market industry over the next decade.
Autopilot Systems are flight control systems that control the navigation process of the aircraft without continuous hands-on control by the pilot. The autopilot system stabilizes the speed, height, and location of the aircraft also it follows the flight plan based on the inputs provided by the pilot. These systems do not replace human control but it assists in the controlling and monitoring of the aircraft.
The emerging trend of automation is fueling the growth of the autopilot systems market. The enhanced security requirements and rising need for flight safety leading to technological advancements in autopilot systems. The reduction in the number of air passengers has significantly impacted the market. The market is expected to witness a rise in demand post-Covid-19 pandemic.
The Covid-19 pandemic had significantly impacted all industries across the globe. The global autopilot systems market is negatively impacted by the Covid-19 outbreak. The reduction in the number of air passengers due to the prevalence of Covid-19 infection has resulted in a significant decline in demand for autopilot systems. The strict prohibition on air travel due to stringent lockdown regulations across many countries has significantly reduced air traffic. The Ongoing pandemic is still hitting the global air transport industry. The autopilot system vendors have incurred losses due to a reduction in demand for autopilot systems during the Covid-19 pandemic. However, the ongoing vaccination and decline in the number of Covid-19 patients are leading to the upliftment of travel restrictions across many countries and slowly recovering the global air traffic. The market is estimated to recover in the forecast period owing to a rise in the number of air passengers and air cargo in the forecast period.
The global autopilot systems market is majorly driven by the rising demand for automation in the aviation industry. The automation enhances the overall performance of the aircraft and fuel efficiency. The autopilot system embedded flights consume less fuel as compared to human-operated flights. These reductions in operational costs are majorly contributing to market growth. Additionally, the rise in the number of air passengers and increased demand for flight safety are propelling the market growth.
The increasing investments by the leading market players for technological improvements and the development of advanced and efficient autopilot systems are propelling the growth of the global autopilot systems market. The other factors driving the market are improved flight navigation, accuracy in monitoring and controlling activities, and reduction in human intervention. The rise in the number of air passengers after covid-19 pandemic and the rise in investments owing to economic recovery is estimated to drive the market growth in the forecast period.
Report Attributes | Report Details |
---|---|
Report Name | Autopilot System Market |
Market Size in 2023 | USD 267.3 Million |
Market Forecast in 2032 | USD 915.07 Million |
Growth Rate | CAGR of 13.1% |
Number of Pages | 155 |
Key Companies Covered | 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. |
Segments Covered | By Platform, By System, By Component, By Application and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The airborne segment held a share of around 36.45% in 2024. This is attributable to the presence of developed and advanced autopilot systems for aircraft, airliners, and air taxis. As per the developments in the aviation industry, flight routes have grown. These long route flights require continuous monitoring and control by the pilots, which leads to serious fatigue. The aircraft autopilot systems aid the pilot in accurate navigation control.
The growing demand for trusted and accurate navigation systems to ensure safe travel by airborne vehicles has created the demand for autopilot systems. The rules and regulations by the international aviation law have made the autopilot system mandatory for all aircraft and airlines with more than 20 seat capacity. This stringent implementation of international law has bolstered the growth of the airborne segment. The increase in investments for the development of autopilot systems to reduce the operating costs of flights is estimated to drive segment growth in the forecast period.
The commercial segment will grow at a CAGR of over 6.6% from 2024 to 2032. This is attributable to an increase in the number of air passengers and a rise in demand for the transport of goods from emerging countries like India and China. The aircrafts used for the transport of passengers and air cargo are known as airlines. The rise in application of these airlines due to the growing need for transport is fueling the growth of the commercial segment. The other factors contributing to the growth of the segment are high speed and less time taken for the transport, the passengers and goods can be shipped the longer distance in a short period of time. The high standard of security and reduced need for heavy packaging are propelling the growth of the commercial aircraft segment. The air transport mode also provides advantages such as fast service and distribution protection. The rise in demand for the air-cargo is estimated to drive the market demand for autopilot systems in commercial vehicles.
The North American region held a share of 37.56% in 2024. This is attributable to the development of the aviation industry in the region. The North American region shows the presence of a huge number of aircraft in the region and advancements in autopilot systems. Technological developments are leading to the production of highly efficient autopilot systems. The North American autopilot systems market has witnessed substantial growth due to an increase in demand for flight safety. The rising need for accurate flight navigation and assistance to pilots for long route flights is propelling the market growth for autopilot systems in the region. The increasing developments in the defense and aviation industry are leading to higher demand for autopilot systems. The U.S. is dominating the autopilot system market in the North American region owing to the presence of well-established key market players in the region.
The Asia Pacific region is estimated to grow at a CAGR of 7.6% over the forecast period. This surge is due to the exponential growth of air traffic in the region. China is estimated to be a dominant player in the aviation industry. Followed by China, India is estimated to be the world’s 3rd largest aviation market owing to the rise in the number of air passengers and air transport. The increasing investment in the aviation industry and growing privatization of the aviation industry are contributing to the exponential growth of the Indian aviation industry, this development is contributing to the growth of the autopilot systems market. The countries like Thailand and Indonesia are also propelling the market to grow. The implantation of international aviation laws for the safety of passengers is fueling the growth of the autopilot market in the APAC region. The growing investments in the defense industry by the governments of China and India are rising the demand for autopilot systems in modern fighter aircraft.
Some of the key players in the autopilot system market are
These key market players are focusing on strategies like acquisitions and mergers, collaborations, partnerships, agreements, and joint ventures to expand their product portfolio and strengthen their global and regional footprint. The players are also investing in research and development activities for the production of efficient quality autopilots and improved navigation systems.
For Instance, 1) In August 2021, The Collins Corporation announced the acquisition of FlightAware, this acquisition will merge the fight tracking solutions and predictive technology of FlightAware into Collins's portfolio.
2) In July 2019, Honeywell announced the acquisition of Tru Trak Flight Systems to deliver better quality aviation technologies to the aviation market.
FrequentlyAsked Questions
The global autopilot system market was valued at USD 267.3 Million in 2023.
The global autopilot system market is expected to reach USD 915.07 Million by 2032, growing at a CAGR of 13.1% between 2024 to 2032.
Some of the key factors driving the global autopilot system market growth are rising demand for automation in the aviation industry and reduction in operational cast owing to reduced fuel consumption by autopilot systems.
North America region held a substantial share of the autopilot system market in 2024. This is attributable to the presence of huge number of aircrafts in the region and rising advancements in the autopilot systems.
Some of the major companies operating in the autopilot system 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.
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