The report, now available on ASDReports, recognizes the following companies as the key players in the Global Commercial Aircraft Autopilot System Market: Honeywell, Genesys Aerosystems, DJI, Micropilot and Rockwell Collins
Other Prominent Vendors in the market are: Airware, Cloud Cap Technology, Furuno Electric, Garmin International and Trimble Navigation
Commenting on the report, an analyst said: “There is a growing demand for autopilot landing systems in the market. Autopilot landing systems enable secure landing of aircraft during adverse climatic conditions and limited visibility. The system is frequently used for airports that have dense snow, rain, or fog issues. An aircraft can be effectively monitored by the autopilot with the use of a computer in a landing system, which measures the heading, altitude, airspeed, and distance and ensures safe landing of the aircraft.”
According to the report, there has been an increase in the number of aircraft fleet with growing demand for air travel. In 2014, there were more than 20,000 aircraft in service globally, which would double in the next 20 years. Emerging regions like Asia and the Middle East will likely have more than 17,000 aircraft delivered by 2034. An increase in the number of aircraft would simultaneously result in growth of the autopilot system market.
Further, the report states that the high cost of installation of autopilot systems is a major challenge for airlines, since the industry has a low profit margin.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Source: ASDReports - Market Research
Date: Sep 14, 2015