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Technavio’s market research analyst predicts that the global autopilot systems market will grow progressively and post a moderate CAGR of around 5% by 2020. The growing demand for automation, to enhance the flight operational safety and efficiency and to reduce operating costs for greater profits will be one of the primary market drivers. In this market, major vendors will be investing in the development of technologies that will increase the efficiency of autopilot systems with a highly advanced architecture that provides greater efficiency, is easily manageable, and also enhances the safety of the aircraft. Such investments for the development of advanced technologies will fuel the prospects for growth in this market over the next few years. For instance, Honeywell recently entered into a contract with Indigo Airlines to install cockpit technologies that will provide greater situational awareness for the pilot and the autopilot.
According to the market analyst at Technavio, the Americas will dominate the total market share and post a CAGR of approximately 4% by 2020. The major factor contributing to the progress of the market will be the introduction of regulations for the enhancement of flight safety standards and technology for passengers and airlines. As a result, there will be initiatives for remotely controlled systems in commercial airlines in case of emergencies, which will allow air traffic controllers and government agencies to take control of an aircraft and autopilot systems during emergencies.
The market appears to be highly competitive, and sellers compete on the basis of cost, product quality, reliability, and aftermarket service to gain market shares. To survive in the highly competitive market, business houses will be investing in resources and technology to provide cost-effective and high-quality autopilot systems. With the increase in government regulations for flight safety and vendor collaborations for creating new, digital smart autopilots, the market is expected to remain fiercely competitive during the estimated period.
The key players in the market are -
Other prominent players in the market are Garmin, Airware, Cloud Cap Technology, MicroPilot, and Trimble Navigation.
Market analysts predict that the narrow-body aircraft sector will dominate the market and grow at a CAGR of approximately 6% during the forecast period. The increasing number of fleets of LCCs (low-cost carriers) will bolster the demand for sophisticated and technologically upgraded autopilot systems. This rising demand will also lead to the development of systems offering a wide variety of advanced functionalities like automatic control of payloads, compatibility with hybrid structures, curve-based navigation, sense and avoid, RTK precision, and obstacles and safe flight zones definition.
During 2015, the computer systems segment dominated the market accounting for approximately 64% of the total market share. The emerging travel needs of the middle-class population, reduced fare prices of LCCs, and liberalized flight routes will be some factors contributing to the growth of this market segment during the estimated period.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Supply chain system
PART 07: Value chain system
PART 08: Market segmentation by aircraft type
PART 09: Market segmentation by component
PART 10: Geographical segmentation
PART 11: Market drivers
PART 12: Impact of drivers
PART 13: Market challenges
PART 14: Impact of drivers and challenges
PART 15: Market trends
PART 16: Vendor landscape
PART 17: Key vendor analysis
PART 18: Appendix
PART 19: Explore Technavio
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