Rockwell Collins (U.S.), Honeywell (U.S.), Genesys Aerosystems (U.S.), Furuno (Japan), Garmin (Switzerland), Micropilot (Canada), Raymarine (U.S.)
(PRWEB) January 09, 2015
According to a new market research report "Autopilot System Market by Product, by Application, by Component, by Geography - Forecasts & Analysis to 2014 - 2019", the global autopilot systems market is estimated to be $2.86 Billion in 2014 and expected to register a CAGR of 6.20% to reach $4.1 Billion by 2020.
Browse 73 market data Tables, 55 Figures spread through 200 Pages and in-depth TOC on "Autopilot System Market - Forecasts & Analysis to 2014 - 2019".
Early buyers will receive 10% customization on this report.
This report includes the analysis of the drivers, restraints, and challenges that influence the autopilot systems market and opportunities for growth during the forecast period. It also discusses the industry, market and technological trends that currently prevail in the autopilot market. The report also highlights the emerging trends for the global autopilot systems market. Information about the technological roadmap and the impact of the technology advancements on the autopilot system demand is also included in this report.
The autopilot systems are used specifically to reduce the human intervention and navigate effortlessly by monitoring and controlling the aircraft's trajectory. Driving factors for this market include the increasing demand for automation, high fuel efficiency, safer cruising, wide range of applications, and technological advancement over time. The huge maintenance costs, complexity in system integration, and changing government regulations, act as a challenge for the autopilot market. The economic instability, hardware/software failures, and expensive electronics involved, restraints the Autopilot Systems Market growth over the forecast period. The Do It Yourself (DIY) autopilots for the UAV prove to be an opportunity for the Autopilot Systems Market over the forecast period.
The airborne segment consists of manned vehicles including military and commercial aircraft, and also the unmanned vehicles including the missiles and UAV. The report covers the Autopilot Systems Market applications in the sea for ships & surface vehicles and subsea for submarine and unmanned underwater vehicles (ROV and AUV). The land segment includes autopilots used in vehicles used for defense and commercial (farm vehicles) purposes. The elaborate study of autopilot components such as, Gyros, GPS, actuators and autopilot software is also included in this report.
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The competitive landscape analysis includes the market share of companies in the autopilot systems market. Rockwell Collins (U.S.), Honeywell (U.S.), Genesys Aerosystems (U.S.), Furuno (Japan), Garmin (Switzerland), Micropilot (Canada), Raymarine (U.S.), and DJI (China) are the market leaders and occupy a significant market share for the global autopilot systems market.
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