Commercial Aircraft Autopilot System Market 2015-2019

Market outlook of the commercial aircraft autopilot market
The global commercial aircraft autopilot system market was valued at over $450 million in 2014. The increase in aircraft deliveries and the increase in the demand for automation and improved safety standards are some of the key drivers for this market. 

On account of the consistent rise in air travel, the report predicts the market demand for aircraft replacements to reach nearly 38,000 units in the next 20 years. Airline companies are expected to make huge investments in the latest technologies, including autopilot systems, and it is expected to help the market grow steadily during the forecast period.

Segmentation of the commercial autopilot market by components

•     GPS
•     Gyros
•     Computer system

The international air transport association (IATA) is projecting around 16 billion passengers by 2050, compared to 3.3 billion in 2014. To accommodate this rise in air traffic, organizations such as federal aviation administration (FAA) have framed strict regulations to ensure the safety of aircrafts with real-time data on board. The GPS segment of the market is expected to register close to $65 million worth of revenues by 2019.

Market shares by the leading regions of the commercial autopilot market

•     Americas
•     EMEA
•     APAC