Kenneth Research has recently added a report titled In-Flight Autopilot Systems market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2021-2024. In-Flight Autopilot Systems market is further anticipated to grow with a CAGR of 4.6% during the forecast period. Factors such as the growing advancements in the development of novel drugs, coupled with the growing health infrastructure in several nations worldwide are anticipated to drive the growth of the market in the coming years. Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global In-Flight Autopilot (Automated) Systems Market is estimated to reach $9.4 billion by 2024; growing at a CAGR of 4.6% from 2016 to 2024. In-flight autopilot (automated) systems offer various operational capabilities, which have major use to guide & control an aircraft without taking any type of direct help from the pilot. Nowadays, in-flight autopilot systems are finding application in variety of aircrafts to improve the operational effectiveness during the flight. The in-flight autopilot systems market is also observing trends like technological developments which has enabled its combination with complex systems, and is projected to boost its demand in the commercial and military aircrafts.
Major factors driving the global in-flight autopilot systems market are high requirement of automation in aviation industry, mounting focus on improving operational effectiveness, and growing need of advanced flight management. However, reliance on airline companies and high cost of in-flight autopilot systems may hamper the market growth. Furthermore, R&D activities to build up new features would unfold with numerous growth opportunities in the forecasted year.
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Major segments of the global in-flight autopilot systems market are system type, aircraft type, application, and geography. The system type segment comprises attitude and healing reference system, flight director system, flight control system, avionics system, and other system types. Further, by aircraft type, the market is segmented into rotary wings aircraft, and fixed-wing aircraft. Application comprises military aircrafts, commercial aircrafts, and civilian aircrafts.
Geographically, the global in-flight autopilot systems market is categorized into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe segment consist of UK, France, Germany, Italy, and Rest of Europe. Asia-Pacific is segmented into China, Japan, India, Oceanic (Australia, New Zealand, Papua New Guinea and Fiji among others), and Rest of Asia- Pacific, while RoW is bifurcated into South America, Middle East, and Africa.
The major players competing in the market are Lockheed Martin Corporation, Rockwell Collins, Inc., MicroPilot, Inc., Cloud Cap Technology, Inc., Genesys Aerosystems Group, Inc., Honeywell International, Inc., Garmin Ltd., General Electric Company, Esterline Technologies, and Lufthansa Systems GmbH, among others.
The key takeaways from the report
The report will provide detailed analysis of In-Flight Autopilot (Automated) Systems Market with respect to major segments such as system type, aircraft type, and application
The report will include the qualitative and quantitative analysis with market estimation over 2015 – 2024 and compound annual growth rate (CAGR) between 2016 and 2024
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of In-Flight Autopilot Systems Market has been included in the report
Profile of the key players in the In-Flight Autopilot Systems Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of In-Flight Autopilot (Automated) Systems Market
System Type Segments
Attitude and Healing Reference System
Flight Director System
Flight Control System
Other System Types
Aircraft Type Segments
Rotary Wings Aircraft
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Rest of Europe
Oceanic(Australia, New Zealand, Papua New Guinea and Fiji among others)
Rest of Asia-Pacific
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