Autopilot System Global Market Report 2024

The autopilot system market has grown strongly in recent years. It will grow from $5.36 billion in 2023 to $5.73 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The expansion observed in the historical period can be credited to several factors including advancements in aviation safety, the burgeoning airline industry, adherence to regulatory standards, improvements in aircraft performance, and the increasing prominence of commercial aviation.

The autopilot system market is expected to see strong growth in the next few years. It will grow to $7.56 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. During the forecast period, the anticipated growth stems from heightened passenger safety demands, increased integration with next-generation aircraft, a strong emphasis on fuel efficiency, updates in regulatory compliance, and ongoing advancements in AI and machine learning.

Projected escalations in air passenger numbers are poised to drive the expansion of the autopilot system market. With air passengers defined as individuals utilizing air transportation, the surge in their volume necessitates heightened automated support in air traffic control. As flight frequencies soar annually, the role of automation in managing air traffic becomes increasingly vital. Notably, following the extended lockdown during the COVID-19 outbreak, both business and leisure air travel spiked significantly. The International Civil Aviation Organization's May 2022 report revealed a staggering 65% increase in air passengers from January to April 2022 compared to the same period in 2021, accompanied by a 30% rise in aircraft flight departures, reinforcing the market's momentum.

The burgeoning expansion within logistics is anticipated to be a driving force behind the autopilot system market's growth. Logistics, encompassing the efficient flow and storage of goods, services, and information, increasingly relies on autopilot systems to expedite deliveries, optimize routes, and streamline fleet management. Noteworthy is the data from Penske Logistics in June 2023, which highlighted a significant 19.6% surge in total business logistics costs in the United States in 2022, amounting to $2.3 trillion, equivalent to 9.1% of the national gross domestic product. This surge underscores the pivotal role of autopilot systems in meeting the demands of an expanding logistics landscape.

Technological advancements emerge as a prominent trend shaping the autopilot system market. Leading companies within this sector are steadfastly innovating to fortify their market standing. A case in point is the February 2023 unveiling by Reliable Robotics Corp., introducing an advanced autopilot system for aircraft boasting high-precision navigation capabilities. This innovation revolutionizes aviation safety, enabling all-weather auto-taxi, auto-takeoff, and auto-landing sans ground infrastructure. Notably, the continuous engagement autopilot ensures prevention against fatal aircraft accidents, addressing concerns such as loss of control during flight and controlled flight into terrain, exemplifying a pioneering technological leap in the field.

Strategic partnerships and collaborations take center stage as major players in the autopilot system market seek heightened profitability. These alliances, aimed at specific business objectives, leverage advanced autopilot systems to introduce groundbreaking solutions. An illustrative instance is the November 2023 collaboration between Thales Group and StandardAero, culminating in Stable Light, a cutting-edge 4-axis autopilot system tailored for AS350 and H125 helicopters. Securing a Supplemental Type Certificate (STC) from the US, this system bolsters safety and diminishes risks during critical flight phases and adverse conditions. Engineered to enhance the flight control experience, Stable Light possesses multifaceted operational capabilities, promising efficiency, reliability, and heightened safety standards within the aviation industry.

In July 2021, Shield AI Inc., a US-based aerospace and defense technology firm renowned for its expertise in artificial intelligence, completed the acquisition of Martin UAV for an undisclosed sum. This strategic move enables Shield AI to integrate its battle-tested autonomous software, Hivemind, into Martin UAV's unmanned aircraft model, V-BAT. Consequently, Shield AI solidifies its leading position in providing autonomous edge autopilot systems tailored for defense applications. Martin UAV, also based in the US, specializes in the manufacturing of unmanned aircraft systems (UAS) with a focus on cutting-edge aircraft technologies.

Major companies operating in the autopilot system market report are Rockwell Collins Inc., BAE Systems plc, Cloud Cap Technology Inc., Furuno Electric Co. Ltd., Garmin International Inc., Genesys Aerosystems Group Inc., Honeywell International Inc., Micropilot Inc., Raymarine Ltd., Moog Inc., Safran SA, Parker Meggitt plc, Lockheed Martin Corporation, Century Flight Systems Inc., Cobham Limited, TMQ International Pty. Ltd., Thales Group, Avidyne Corporation, Dynon Avionics, SEA MACHINES Robotics Inc., West Marine, Kobelt Manufacturing Co. Ltd., Comnav Marine Ltd., Brunswick Corporation, Octopus Autopilot Drives systems, Teleflex Inc., Trimble Navigation Limited, Raytheon Anschütz GmbH, Formic Technologies Inc., The Mercedes-Benz Group AG.

North America was the largest region in the autopilot system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global autopilot system market duirng the forecast period. The regions covered in the autopilot system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the autopilot system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Distinct types of autopilot systems exist, including attitude and heading reference systems, flight control systems, flight director systems, and avionics systems. The attitude and heading reference system relies on sensors across three axes, providing crucial aircraft attitude details such as roll, pitch, and yaw. These systems are further categorized based on the type of aircraft include rotary-wing and fixed-wing and find applications in diverse platforms such as airborne, sea, subsea, and land-based operations. They serve various sectors including military, defense, and commercial industries.

The autopilot system market research report provides autopilot system market statistics, including autopilot system industry global market size, regional shares, competitors with an autopilot system market share, detailed autopilot system market segments, market trends and opportunities, and any further data you may need to thrive in the autopilot system industry. This autopilot system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The autopilot system market consists of sales of altitude and directional gyros, turn coordinators, and altitude control. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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