In-flight Autopilot Systems Market- Increase The Scope Of Automation In Aircrafts

The global in-flight autopilot systems market is highly consolidated, which makes it difficult for any new player to enter this market, states a new study by Transparency Market Research (TMR). The top three participants in this market, namely, Honeywell International Inc., Rockwell Collins Inc., and Garmin Ltd., acquired 63% of the overall market in 2014. The market is led by technological advancements and the prominent players are likely to involve actively in innovation and research and developments in the coming years. Some of the other prominent players in the worldwide market for in-flight autopilot systems are BAE System Plc and L3 Communications Holding Inc, reports the research study.

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As per the research report, the global market for in-flight autopilot systems is expected to offer an opportunity worth US$8.14 bn by 2021 end, expanding at a CAGR of 4.0% during the period from 2015 to 2021. North America, Asia Pacific, the Middle East and Africa, Europe, and Latin America have surfaced as the key regional markets for in-flight autopilot systems across the world. With the increasing demand for in-flight autopilot systems, North America has been registering a lead over all the regional markets for in-flight autopilot systems. The trend is expected to continue in the years to come, with the North America market acquiring more than 45% by 2021. Europe is also projected to report significant growth in its market for in-flight autopilot systems, notes the research study.

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