Global Autopilot Systems Market Share, Growth, Trends and Forecast by 2025

NEW YORK - Sept. 14, 2020 - PRLog -- According to the latest research report by IMARC Group, the global autopilot systems market is currently experiencing healthy growth. Autopilot systems are flight control systems that automate the process of guiding the trajectory of an aircraft or aerial vehicle across the automotive, military and aerospace industries. They consist of a computer system, actuator, avionic system and GPS technology to assist human operators in controlling the vehicle. It also comprises sensors around the vehicle that are used to detect and monitor external data pertaining to speed, turbulence and altitude, which is forwarded to the computer system for smooth operation.

Global Autopilot Systems Market Trends:

The global market is primarily driven by significant growth in the commercial aviation sector. Autopilot systems are widely utilized for improving the navigational accuracy and handling emergency situations efficiently to avoid risks of accidents while minimizing human intervention, which is providing a thrust to the market growth. The market is further driven by the extensive integration of GPS autopilot systems with drones and tractors as an essential component in crop management. These systems are used for surveillance and performing redundant activities, such as rowing, plowing, fertilizing, and tilling, in a highly effective manner, which improves the overall efficiency of the farming process. Various established players, including Tesla, Inc., have launched robocars in the market that are equipped with autopilot systems. Some of the other factors driving the market growth include the growing demand for automation in the aerospace and defense industries and extensive research and development (R&D) activities. On account of the aforementioned factors, the market is expected to grow at a CAGR of around 5% during 2020-2025.

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Market Summary:

On the basis of the product type, the market has been bifurcated into rotary and fixed wing aircraft.

Based on the component, the market has been divided into GPS (Global Positioning System), gyroscope, software and actuators.

On the basis of the platform, the market has been classified into the airborne platform, land based, sea and subsea.

Based on the system, the market has been categorized into attitude and heading reference system, flight director system, flight control system, avionics system and others.

On the basis of the application, the market has been segmented into commercial, civil and military.

Some of these players include BAE Systems plc, Collins Aerospace, FURUNO ELECTRIC CO., LTD., Garmin Ltd., Genesys Aerosystems, Honeywell International Inc., Lockheed Martin Corporation, MicroPilot Inc., and Trimble Inc.

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