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In-flight Autopilot Systems Market

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In-flight Autopilot Systems Market : Increasing Trend of Aircraft Automation to Boost
Market’s Growth | Opportunity Worth US$8.14 bn by 2021
The global in-flight autopilot systems market is highly consolidated, which makes it difficult for
any new player to enter this market, states a new study by Transparency Market Research
(TMR). The top three participants in this market, namely, Honeywell International Inc., Rockwell
Collins Inc., and Garmin Ltd., acquired 63% of the overall market in 2014. The market is led by
technological advancements and the prominent players are likely to involve actively in
innovation and research and developments in the coming years. Some of the other prominent
players in the worldwide market for in-flight autopilot systems are BAE System Plc and L3
Communications Holding Inc, reports the research study.
As per the research report, the global market for in-flight autopilot systems is expected to offer
an opportunity worth US$8.14 bn by 2021 end, expanding at a CAGR of 4.0% during the period
from 2015 to 2021. North America, Asia Pacific, the Middle East and Africa, Europe, and Latin
America have surfaced as the key regional markets for in-flight autopilot systems across the
world. With the increasing demand for in-flight autopilot systems, North America has been
registering a lead over all the regional markets for in-flight autopilot systems. The trend is
expected to continue in the years to come, with the North America market acquiring more than
45% by 2021. Europe is also projected to report significant growth in its market for in-flight
autopilot systems, notes the research study.
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@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=8092
Increasing Trend of Aircraft Automation to Boost Market’s Growth
“The global market for in-flight autopilot systems is gaining substantially from the increasing
research activities for the development of advanced autopilot systems, equipped with latest
technologies,” says a researcher at TMR. The overall improvements made by aircraft
manufacturers in increasing operational efficacy of aircraft, such as the deployment of autopilot
systems, is boosting the global market considerably.
The rising trend of automation in aircraft is likely to support this market in growing steadily
over the next few years. Apart from this, the increasing awareness pertaining to the benefits
offered by in-flight autopilot systems, such as decrease in pilot fatigue, is also projected to
propel this market in the years to come, states the research report.
High Cost to Restrict Progress
On the whole, the future of the worldwide market for in-flight autopilot systems is bright.
However, the high cost of these systems, owing to the complex manufacturing process, and the
cost incurred in their maintenance may hamper the growth of this market in the years to come,
reports the market study.
Download Report TOC for in-depth analysis
@ https://www.transparencymarketresearch.com/report-toc/8092
Author
monali raghu
monali raghu349   documents Email
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