The Aircraft Autopilot System Global Market Report 2023, provides comprehensive information on the aircraft autopilot system market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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In accordance with The Business Research Company’s comprehensive analysis in the Aircraft Autopilot System Global Market Report for 2023, projections indicate a noteworthy expansion in the global aircraft autopilot system market. Anticipated figures suggest a growth trajectory from $4.78 billion in 2022 to an estimated $5.20 billion in 2023, reflecting a robust compound annual growth rate (CAGR) of 8.6%. Notably, the landscape is not without challenges, as the Russia-Ukraine conflict has introduced complexities to the global economic landscape. With repercussions felt in multiple dimensions, such as economic sanctions, commodity price surges, and supply chain disruptions, the ensuing inflationary pressures have left an indelible mark on diverse markets worldwide. Despite these challenges, the forecast for the global aircraft autopilot system market remains optimistic, with projections pointing towards a substantial market size of $7.02 billion by 2027, sustaining a commendable CAGR of 7.8%. This trajectory underscores the resilience and adaptability of the aviation industry, navigating through geopolitical uncertainties to achieve sustained growth.
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The aircraft autopilot system market is witnessing a significant surge in technological advancements, marking a pivotal trend in the industry. Leading players in this domain are strategically embracing novel technologies to propel the development of unmanned aircraft systems (UAS) equipped with cutting-edge autopilot capabilities, solidifying their market standing. A noteworthy illustration of this trend is uAvionix, a prominent US-based company renowned for pioneering the smallest, lightest, and cost-effective ADS-B transponder. In April 2021, uAvionix introduced 'George,' an innovative autopilot designed exclusively for UAS. Weighing merely 80 grams, George represents a paradigm shift, being a compact, lightweight, and power-efficient (SWaP) solution tailored for enterprise operations. Leveraging the open-source autopilot Cube from CubePilot, George seamlessly integrates Cube with Design Assurance Level C (DAL-C) hardware, ensuring enhanced safety and sensor monitoring capabilities. This integration empowers clients to effortlessly fulfill the stringent requirements of type certification and safety case criteria essential for Beyond Visual Line of Sight (BVLOS) missions.
The aircraft autopilot system market is segmented:
1) Aircraft Autopilot System Market By Components: Computer System, Gyros, Global Positioning System (GPS), Actuators
2) Aircraft Autopilot System Market By Type: Fixed Wing, Rotary Wing
3) Aircraft Autopilot System Market By System: Attitude and Heading Reference System, Flight Director System, Flight Control System, Avionics System, Other Systems
4) Aircraft Autopilot System Market By Application: Commercial, Military, Civil
North America was the largest region in the aircraft autopilot system market in 2022.
The table of contents in TBRC’s aircraft autopilot system market report includes:
- Executive Summary
- Aircraft Autopilot System Market Characteristics
- Aircraft Autopilot System Market Trends And Strategies
- Aircraft Autopilot System Market - Macro Economic Scenario
- Aircraft Autopilot System Market Size And Growth
.......
- Africa Aircraft Autopilot System Market
- Aircraft Autopilot System Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Aircraft Autopilot System Market
- Aircraft Autopilot System Market Future Outlook and Potential Analysis
- Appendix
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