- The key vendors in the global autopilot systems market 2015-2019 are FURUNO Electric Co., Garmin International, Inc., Genesys Aerosystems Group, Inc., Honeywell International, Inc. and Rockwell Collins Inc.
London, 22 April 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global autopilot systems market 2015-2019. Growing demand for autopilot landing system is one of the major trends upcoming in the market. The autopilot landing system enables secure landing during harsh weather conditions and limited visibility. It is based on a microcontroller and helps pilots to land safely on sea surfaces, in deserts, and in difficult climate zones. The global autopilot systems market is expected to grow at a CAGR of 6.78% during the forecast period of 2014-2019.
Autopilot systems enable organizations to increase their productivity and boost ROI. They reduce operational costs and enhance profitability, promoting organizational growth. Increased demand for automation and a rise in the number of aircraft and marine vehicles is expected to trigger market growth.
“The global autopilot systems market is witnessing a major shift from ground-based navigation air traffic control to satellite-based navigation ATC,” says Faisal Ghaus, Vice President of Technavio Research.
“Satellite-based navigation technology is used in UAVs. Its advantages include that it improves safety, reduces flight times, increases the fuel efficiency of aircraft by selecting the shortest path, and reduces greenhouse gas emissions and noise by allowing aircraft to operate along optimal flight paths through a variety of new aircraft and ground-based technologies.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3E%3Cspan%20style%3D%22line-height%3A%201….
