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Technavio highlights the top 3 trends in the global autopilot landing systems market

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Autopilot systems: Key market research findings

  • Increasing emphasis on aircraft modernization fuels market growth
  • Narrow body aircrafts account for a majority of the market’s revenue
  • Key vendors – Genesys Aerosystems, Honeywell, Lockheed Martin, and Rockwell Collins

Technavio’s market research analysts predict the global market for autopilot systems to grow at a CAGR of around 5% between 2016 and 2020. The growth of the market is fueled by the increasing emphasis on aircraft modernization. Several available next-generation products and systems have raised the demand for aircraft modernization. For example, Airbus and Boeing are currently focusing on the automation of cockpit technology, which will assist the pilot during autopilot mode using sophisticated design solutions. During 2015, the global autopilot systems market was led by the Americas with a market share of more than 37%. The growth of the market in this region is spurred by the need to comply with strict regulations to enhance the safety standards by leveraging modern technology for passengers and airlines.

The new market research report from Technavio presents a breakdown and analysis of the autopilot system segments based on the aircraft type.

“The emergence of autopilot landing systems is revolutionizing the global aircraft market. Autopilot landing systems enable the secure landing of aircraft, even during harsh climatic conditions and limited visibility. These systems are frequently used at airports that have dense snow, rain, or fog. With the use of computers in a landing system, heading, altitude, airspeed, and distance can be effectively monitored and measured by the autopilot to ensure safe landing of the aircraft,” says Abhay Kumar Singh, Lead Analyst, Aerospace & Defense, Technavio Research.

Currently, the narrow body aircraft segment accounts for a market revenue of almost $283 million to retain its position as the key revenue generating vertical of the global market. Airlines are investing highly in technology that will give their flights the greatest efficiency and flexibility and provide safety to the passengers onboard. Many airlines are increasing their narrow-body fleet owing to the growing demand from remote areas to cosmopolitan cities. As a result, there is increasing focus on technological advancements such as modernization of avionics and automation systems.

The key vendors in the global autopilot landing systems market include Genesys Aerosystems, Honeywell, Lockheed Martin, and Rockwell Collins. Mergers and acquisitions, along with increased collaboration with alliance partners around the world will drive the global market in the coming years. Trimble Navigation acquired Gehry Technologies, which would boost the company’s cloud-based project management and collaboration platform. Furthermore, government organizations such as FAA, EASA, and CASA, encourage the development and installation of autopilots in the aircraft. As a result, autopilot manufacturers invest in creating new, digital smart autopilots that can be installed in a variety of aircraft.

A more detailed analysis is available in the Technavio report, Global Autopilot Systems Market 2016-2020.

We can customize reports by other regions and specific segments upon request.

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