Aircraft Autopilot System Market by Aircraft Type (Commercial & Civil, Military), by Point of Sale (OEM, Aftermarket), by System (Attitude, Heading Reference System, Flight Director System, Flight Control System, Avionics System, Others), by North America (U.S., Canada) Forecast 2024-2032
The Aircraft Autopilot System Marketsize was valued at USD 175.6 USD Million in 2023 and is projected to reach USD 351.00 USD Million by 2032, exhibiting a CAGR of 10.4 % during the forecast period.The Aircraft Autopilot System is an example of modern technology that involves the control of an aircraft using computer technology, reducing the burden of manually flying the plane by the pilot and thus making flying safer. It consists of hundreds of sensors, actuators, and computer systems that control the flight, including altitude, heading, airspeed, and navigation. Aircraft autopilot systems consist of precision control algorithms, a GPS interface, autothrottle control, and a rich monitoring system with a high technical capability of detecting differences between the aircraft and its set path. These benefits include better fuel consumption and timing, less stress and more alertness for the pilot, a clear picture of flight conditions, and increased security. Depending on the level of flight automation, the autopilot system provides pilots with sufficient levels of freedom regarding the overall control of flight parameters that would enable them to concentrate on such tasks as tactical decision-making and responding to emergencies or discrepancies.
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The Asia-Pacific region is projected to hold a commanding share of the aircraft autopilot system market owing to rapid growth in air travel, surging aircraft production, and government initiatives focused on aviation safety. North America and Europe also constitute significant markets driven by well-established aviation industries and high adoption of advanced autopilot systems. However, emerging economies in regions such as Latin America, the Middle East, and Africa present promising growth opportunities due to increasing air traffic and investments in infrastructure development.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 10.4% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 10.4% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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