Commercial aircraft autopilot systems: Key market research findings
- Increasing demand for computer autopilot systems in aircrafts
- More usage of autopilot landing systems
Technavio has added a new market research report on the global aircraft autopilot system market to its commercial aircrafts portfolio. The global commercial aircraft autopilot system market is expected to grow at a CAGR of around 5% between 2015 and 2019. Increase in aircraft deliveries and surging demand for automation and improved safety standards in aircrafts are major factors driving this market.
Currently, the Americas lead this market with a share of around 38%, and it is closely followed by EMEA and APAC. However, APAC is expected to post the highest market growth rate of around 7% during the forecast period, thanks to the growing demand for computer autopilot systems in the region.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for growth, as well as the segments with the maximum growth potential.
Computer autopilot systems constitute 64% of the total autopilot system market, owing to increased number of backlogs and aircraft deliveries. Recently, increased demand for low-cost and full-service carriers have been observed in APAC and the Middle East with the emergence of airlines such as AirAsia, Vistara, Qantas, Etihad Airways, Qatar Airways, Tigerair, Lion Air, and Jetstar Airways. Rising demand for single-aisle aircraft in these regions is triggering the need for advanced autopilot systems.
“Continuous growth in commercial aircraft movements and passenger traffic are the other key factors driving thedemand for autopilot landing systems. Autopilot landing systems enable secure landing of aircraft during adverse climatic conditions and limited visibility. They measure the heading, altitude, airspeed, and distance of the aircraft before landing. These systems are most often used for airports that have dense snow, rain, or fog concerns,” says Sriram Mohan, Lead Analyst, Aerospace & Defence, Technavio Research.
Leading vendors of the global commercial aircraft autopilot system market are Honeywell, Genesys Aerosystems, DJI, Micropilot, and Rockwell Collins. The market is highly competitive and intense, where the vendors focus on providing cost-effective and high-quality autopilot systems.
A more detailed analysis is available in the Technavio report, Global Commercial Aircraft Autopilot System Market 2015-2019.
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