Aircraft Autopilot System Global Market Report 2024

“Aircraft Autopilot System Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on aircraft autopilot system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
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• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for aircraft autopilot system? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The aircraft autopilot system market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Components: Computer System; Gyros; Global Positioning System (GPS); Actuators
• 2) By Type: Fixed Wing; Rotary Wing
• 3) By System: Attitude and Heading Reference System; Flight Director System; Flight Control System; Avionics System; Other Systems
• 4) By Application: Commercial; Military; Civil
• Companies Mentioned: Honeywell International Inc.; MicroPilot; Lockheed Martin Corporation; BAE Systems plc; Collins Aerospace- RXT corporation
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

An aircraft autopilot system is a device designed to guide an aircraft without direct input from the pilot. This system operates as software or a tool that manages the aircraft under specific conditions by utilizing the vehicle's hydraulic, mechanical, and electronic systems. Its functions include controlling the flight plan, stabilizing speed and altitude, and managing the aircraft's direction.

The main components of an aircraft autopilot system include a computer system, gyros, GPS, and actuators. The aircraft computer system encompasses computerized components and systems utilized in aircraft. The autopilot system relies on a computer system to regulate the aircraft. The computing element of an autopilot can be analog or digital, and its role is to interpret data from sensing elements, integrate commands, and process navigational input. Types of aircraft autopilot systems include fixed-wing and rotary-wing systems, incorporating components such as attitude and heading reference systems, flight director systems, flight control systems, avionics systems, and more. Aircraft autopilot systems find applications in commercial, military, and civil aircraft.

The aircraft autopilot system market research report is one of a series of new reports from The Business Research Company that provides aircraft autopilot system market statistics, including aircraft autopilot system industry global market size, regional shares, competitors with a aircraft autopilot system market share, detailed aircraft autopilot system market segments, market trends and opportunities, and any further data you may need to thrive in the aircraft autopilot system industry. This aircraft autopilot system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The aircraft autopilot system market size has grown strongly in recent years. It will grow from $5.2 billion in 2023 to $5.64 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth observed in the historical period can be attributed to several factors, including improvements in aircraft performance, enhancements in aerodynamic efficiency, efforts towards weight reduction, advancements in safety and stability features, the pursuit of streamlined aesthetics, and the drive for increased market competitiveness within the aviation industry.

The aircraft autopilot system market size is expected to see strong growth in the next few years. It will grow to $7.58 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The anticipated growth in the forecast period can be attributed to various factors, including the development of next-generation aircraft designs, a focus on sustainability and green aviation practices, compliance with regulatory requirements, the global growth of air traffic, and the increasing adoption of advanced materials in aviation. Noteworthy trends expected in the forecast period encompass the integration of new technologies, the incorporation of noise reduction technologies, customization tailored to different aircraft types, the provision of retrofitting and aftermarket services, as well as collaborations and partnerships within the aviation industry.

The anticipated rise in air traffic is poised to act as a driving force for the aircraft autopilot system market. Air traffic specifically refers to the movement of aircraft in the sky or on airport surfaces, excluding loading ramps and parking zones. An autopilot serves as a system that navigates an aircraft's flight path without constant manual control by a human operator. It adjusts the aircraft's control surfaces to navigate through the heightened air traffic. With the escalating air traffic, there is a surging demand for advanced automation technology to aid pilots in managing increased workloads and ensuring safe and efficient flight operations. For instance, as of April 2023, the International Air Transport Association (IATA), a Cuba-based trade association of global airlines, reported a continuous growth in global air travel in February 2023, measuring a 55.5% increase in total traffic measured in revenue passenger kilometers compared to February 2022. Moreover, the Bureau of Transportation Statistics, a US-based entity within the United States Department of Transportation, reported a 30% year-to-year increase as US airlines transported 194 million more passengers in 2022 compared to 2021. Consequently, the upsurge in air traffic is expected to drive the growth of the aircraft autopilot system market.

The surge in geopolitical tensions is projected to propel the expansion of the aircraft autopilot system market. Geopolitical tensions encompass political conflicts, rivalries, or disputes among nations or regions, often concerning issues such as territory, resources, power, or ideology. Autopilot systems become indispensable, particularly for unmanned aerial vehicles (UAVs), which play a critical role in reconnaissance and surveillance during periods of geopolitical tensions. For instance, in March 2022, as per The Armed Conflict Location & Event Data Project (ACLED), a US-based non-profit organization, there were 33,331 reported events of political violence targeting civilians in 2020, escalating by 12% to reach 37,185 events in 2021. Correspondingly, civilian fatalities increased by 8%, with reported fatalities rising from 35,879 in 2020 to 38,658 in 2021. Thus, the escalating geopolitical tensions are stimulating the growth of the aircraft autopilot system market.

The aircraft autopilot system market is witnessing a prominent trend driven by technological advancements. Companies within this market are embracing new technologies and innovating unmanned aircraft systems (UAS) equipped with sophisticated autopilot capabilities to maintain their competitive edge. For instance, uAvionix, a US-based firm renowned for developing the smallest, lightest, and cost-effective ADS-B transponder, introduced Georg in April 2021. Georg, weighing merely 80 grams, stands as a certified low-size, weight, and power (SWaP) solution for enterprise operations. Leveraging CubePilot's open-source autopilot Cube, Georg integrates Design Assurance Level C (DAL-C) hardware, ensuring safety and sensor monitoring, enabling clients to satisfy type certification and safety criteria for Beyond Visual Line of Sight (BVLOS) missions.

Major players in the aircraft autopilot system market are forging strategic partnerships to drive product innovation and fortify their market positions. Collaborative endeavors in this realm foster advancements in specialized autopilot systems, enriching safety, operational efficiency, and overall functionality within the aviation sector. A prime example occurred in November 2023 when Standard Aero Holdings Inc., a US-based aircraft maintenance and repair entity, and Thales Group, a French technology conglomerate, jointly unveiled the cutting-edge 4-Axis Autopilot System, StableLight. Derived from Thales' Compact Autopilot System, StableLight is tailored for light rotorcraft, enhancing flight control by delivering transparent stability augmentation, minimizing pilot workload, and augmenting mission capabilities. Its advanced features include stabilized climb flight attitude recovery, auto hover, and other sophisticated functionalities, proving particularly effective in challenging conditions such as Inadvertent Instrument Meteorological Conditions (IIMC). This strategic partnership underscores a dedication to safety, innovation, and meeting the dynamic demands of the aviation industry, marking a significant milestone in advancing top-tier autopilot systems specifically designed for light rotorcraft.

In September 2021, Genesys Aerosystems, a prominent avionic systems company based in the United States, joined forces with Jettech LLC, an aircraft solutions company also based in the US, to pursue the certification of the S-TEC 5000 Autopilot for retrofitting in FAR Part 23 and Part 25 Citation series aircraft. Leveraging Genesys's extensive avionics expertise and JetTech's specialization in aviation solutions, the collaboration targets meeting the demand for upgraded autopilot systems within the retrofit market. The primary focus lies in elevating performance, safety standards, and operational efficiency specifically tailored for Citation series aircraft. The S-TEC 5000 Autopilot offers state-of-the-art digital and attitude-based capabilities. Through this partnership, the goal is to acquire the Supplemental Type Certificate (STC) required for the initial retrofit applications. The project is set to commence with Citation S550, Encore, Ultra, and V models, marking a strategic step towards enhancing the capabilities of these aircraft through advanced autopilot technology.

Major companies operating in the aircraft autopilot system market report are Honeywell International Inc., MicroPilot, Lockheed Martin Corporation, BAE Systems plc, Collins Aerospace- RXT corporation, Furuno Electric Co. Ltd., Garmin Ltd., Airware, Dynon Avionics, Trimble Inc., Esterline Technologies Corporation, General Electric Company, Avidyne Corporation, Trio Avionics, Safran Electronics & Defense, Genesys Aerosystems, Cloud Cap Technology, Century Flight Systems, L-3 Communications Holdings Inc., Meggitt plc, Moog Inc., NavtechGPS, Northrop Grumman Corporation, Precision Flight Controls Inc., Sagem Avionics Inc., Sandel Avionics Inc., S-TEC Corporation, Thales Group, Aspen Avionics Inc., Universal Avionics Systems Corporation, Chelton Limited

North America was the largest region in the aircraft autopilot system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global aircraft autopilot system market during the forecast period. The regions covered in the aircraft autopilot system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the aircraft autopilot system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The aircraft autopilot system market consists of revenues earned by entities by providing services such as direction assistance, navigation management, track guidance services. The market value includes the value of related goods sold by the service provider or included within the service offering. The aircraft autopilot system market also includes sales of sensing unit, autopilot computer, autopilot servo, command unit which are used in providing aircraft autopilot system services. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.