Jan 5, 2022   SOURCE: BusinessWire

Worldwide Autopilot Systems Industry to 2026 - Featuring BAE Systems, Furuno Electric and Micropilot Among Others - ResearchAndMarkets.com

The "Autopilot Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The global autopilot systems market exhibited moderate growth during 2015-2020. Looking forward, the publisher expects the market to grow at a CAGR of around 5% during 2021-2026.

Companies Mentioned

  • BAE Systems PLC
  • Cloud Cap Technology Inc.
  • Furuno Electric Co. Ltd.
  • Garmin International Inc.
  • Genesys Aerosystems Group Inc.
  • Honeywell International Inc.
  • Lockheed Martin Corporation
  • Micropilot Inc.
  • Rockwell Collins Inc.
  • Trimble Inc

Autopilot refers to an electrical, mechanical or hydraulic system that is designed for aerial, marine and unmanned aerial vehicles (UAVs) to operate without requiring human assistance. It consists of a computer system, actuator and global positioning service (GPS), along with flight director control and avionic systems.

These systems are designed to minimize the workload of the pilots over long travels and to improve the overall performance of the vessel. They can intercept the course, check for route deviations, control the steering wheel and maintain the assigned altitude. These systems find extensive applications across the automotive, agriculture, commercial aviation, military and aerospace industries.

The expanding aerospace and defence industries are among the key factors driving the market growth. Furthermore, a significant increase in air travel and water transportation activities, especially in the emerging economies, is also providing a boost to the market growth. Autopilot systems aid in enhancing situational awareness, navigational accuracy and the operational and fuel efficiency of the vessel.

Additionally, the widespread adoption of the autopilot systems in UAVs and drones is acting as another growth inducing factor. These systems can manage Attitude & Heading Reference Systems (AHRS), airspeed, magnetometers, accelerometers, gyroscopes and flight control algorithms in the UAVs. They are also used in drones to monitor the route, track waypoints and take high-definition aerial photos and videos. Other factors, including technological advancements, growing need for automation across industries and extensive research and development (R&D) activities, are projected to drive the market further.

Key Questions Answered in This Report:

  • How has the global autopilot systems market performed so far and how will it perform in the coming years?
  • What are the key regional markets?
  • What has been the impact of COVID-19 on the global autopilot systems market?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the platform?
  • What is the breakup of the market based on the system?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global autopilot systems market and who are the key players?
  • What is the degree of competition in the industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Autopilot Systems Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact Of COVID-19

5.4 Market Forecast

6 Market Breakup by Product Type

7 Market Breakup by Component

8 Market Breakup by Platform

9 Market Breakup by System

10 Market Breakup by Application

11 Market Breakup by Region

12 SWOT Analysis

13 Value Chain Analysis

14 Porters Five Forces Analysis

15 Price Indicators

16 Competitive Landscape

16.1 Market Structure

16.2 Key Players

16.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/lbewqr