Commercial Aircraft Autopilot System Market 2015-2019

Market outlook of the commercial aircraft autopilot market
The global commercial aircraft autopilot system market was valued at over $450 million in 2014. The increase in aircraft deliveries and the increase in the demand for automation and improved safety standards are some of the key drivers for this market. 

On account of the consistent rise in air travel, the report predicts the market demand for aircraft replacements to reach nearly 38,000 units in the next 20 years. Airline companies are expected to make huge investments in the latest technologies, including autopilot systems, and it is expected to help the market grow steadily during the forecast period.

Segmentation of the commercial autopilot market by components

•     GPS
•     Gyros
•     Computer system

The international air transport association (IATA) is projecting around 16 billion passengers by 2050, compared to 3.3 billion in 2014. To accommodate this rise in air traffic, organizations such as federal aviation administration (FAA) have framed strict regulations to ensure the safety of aircrafts with real-time data on board. The GPS segment of the market is expected to register close to $65 million worth of revenues by 2019.

Market shares by the leading regions of the commercial autopilot market

•     Americas
•     EMEA
•     APAC

According to Airbus, emerging regions such as APAC, Latin America, Africa, and Eastern Europe, witnessed the demand for air travel grow six times more than the developed economies of North America and Western Europe, in 2014.

Overview of the leading vendors of the commercial autopilot market

•     Honeywell
•     Genesys Aerosystems, 
•     DJI
•     Micropilot
•     Rockwell Collins

The other prominent vendors of the market include Airware, Cloud Cap Technology, Furuno Electric, Garmin International, and Trimble Navigation. As per the forecast, vendors are likely to leverage the growing demand for autopilot landing systems. Autopilot landing systems enable secure landing of aircrafts during harsh climatic conditions and limited visibility. The system is frequently used at airports that have dense snow, rain or fog.

Key questions answered in the report

•     What are the key factors driving the commercial autopilot market?
•     What are the key market trends impacting the growth of the commercial autopilot market?
•     What are the various opportunities and threats faced by the commercial autopilot market? 
•     Key outcome of the five forces analysis on the commercial autopilot market? 
•     Growth forecast of the commercial autopilot market until 2019?

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