Major applications of the autopilot system market are commercial, military & aerospace. The industry can be divided in to airborne, maritime and land-based vehicles. Autopilot system market share for airborne vehicles include commercial and military aircrafts in the manned segment, while UAVs and missiles form part of the unmanned segment. Further, the maritime vehicles can be segmented into sea based like ships (military & commercial), and subsea based vehicles like submarines or underwater unmanned vehicles, remotely controlled vehicles.
Increase in air travel due to the introduction of low-cost fare flights and rising safety concerns of airborne flights will fuel the autopilot system market growth. It improves the accuracy of navigation, reduces the need for human intervention and helps in guiding the pilot and monitoring the trajectory in case of risky situations to avoid accidents. The module is designed in such a way so as to cutback the workload of the cockpit and increase the efficiency of the pilot to control the flight.
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Global Autopilot System Market size will grow on account of the need for operational safety of the flight and rising automation.Autopilot system is a crucial part of the flight management infrastructure. It is used for controlling a vehicle, thus eliminating the need of constant monitoring by a human operator. It does not eliminate the need of a human operator, instead, it helps them to operate the vehicle efficiently. It also consumes less fuel as compared to a manually handled plane.
Integration of hardware, software and complexity leading to system errors and failures are the limitations faced by this industry. Introduction of stringent laws and regulations by various governments regarding the aircraft safety represents a challenge to industry participants. Growth opportunities include sophisticated technology development that has led to ability to maintain navigational course. Expensive avionics and maintenance costs will restrict the market share.
On basis of components, the autopilot system market can be segmented in to four types, GPS, gyros, actuators and computer systems & software. The aircraft or vehicle is equipped with a GPS that can locate the aircraft position in space by measuring its distance from three or more satellites of the network. Using the navigation system, the autopilot can do more than keeping the plane straight, it can plan and execute a complete flight route.
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Single axis autopilot system market features include controlling the ailerons, also called as wing leveler as it balances the aircraft wings on an even level. Two-axis controls the elevators and ailerons whereas the three-axis autopilot manages all three basic systems, the elevators, ailerons and rudder.
Europe and U.S. autopilot system market share is forecast to continue dominating global revenue in the coming years. The incorporation of rules and regulations for improvisation of flight safety and technology standards for airlines and passengers will be a notable trend. Latin America and APAC autopilot system market size are expected to witness significant growth during the forecast timeline.
Companies operating in this industry are Genesys Aerosystems, Honeywell International, Lockheed Martin, Rockwell Collins, Garmin and Micropilot. Other players include Furuno, Raymairne, DJI, Navico Group, Cloud Cap Technology, Airware, BAE Systems, Century Flight Systems, Comnav Marine, Raytheon, Trimble Navigation, TMQ International, Cobham PLC.
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