DALLAS, December 19, 2014 /PRNewswire/ --
According to a new market research report "Autopilot System Market by Product, by Application, by Component, by Geography - Forecasts & Analysis to 2014 - 2019", published by MarketsandMarkets, the global autopilot systems market is estimated to be $2.86 Billion in 2014 and expected to register a CAGR of 6.20% to reach $4.1 Billion by 2020.
Browse 73 market data Tables, 55 Figures spread through 200 Pages and in-depth TOC on "Autopilot System Market - Forecasts & Analysis to 2014 - 2019".
Early buyers will receive 10% customization on this report.
North America holds maximum share in the autopilot systems market. Emerging regions such as Asia-Pacific, The Middle East, and Latin America, which are expected to show a stringent growth with the increasing demand for aircraft and the benefits of autopilots in reducing driver fatigue, providing better fuel efficiency, and allowing longer cruise time.
The autopilot systems are used specifically to reduce the human intervention and navigate effortlessly by monitoring and controlling the aircraft's trajectory. Driving factors for this market include the increasing demand for automation, high fuel efficiency, safer cruising, wide range of applications, and technological advancement over time. The huge maintenance costs, complexity in system integration, and changing government regulations, act as a challenge for the autopilot market. The economic instability, hardware/software failures, and expensive electronics involved, restraints the Autopilot Systems Market growth over the forecast period. The Do It Yourself (DIY) autopilots for the UAV prove to be an opportunity for the Autopilot Systems Market over the forecast period.
The Autopilot Systems Market is segmented into four categories viz. by product, by component, by application, and by geography. The autopilot products can be segmented based on their application for land, sea, subsea and airborne vehicles. The airborne segment consists of manned vehicles including military and commercial aircraft, and also the unmanned vehicles including the missiles and UAV. The report covers the Autopilot Systems Market applications in the sea for ships & surface vehicles and subsea for submarine and unmanned underwater vehicles (ROV and AUV). The land segment includes autopilots used in vehicles used for defense and commercial (farm vehicles) purposes. The elaborate study of autopilot components such as, Gyros, GPS, actuators and autopilot software is also included in this report.
Inquiry before Buying @http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=205309455
The competitive landscape analysis includes the market share of companies in the autopilot systems market. Rockwell Collins (U.S.), Honeywell (U.S.), Genesys Aerosystems (U.S.), Furuno (Japan), Garmin (Switzerland), Micropilot (Canada), Raymarine (U.S.), and DJI (China) are the market leaders and occupy a significant market share for the global autopilot systems market.
Browse Related Reports
Inertial Navigation System Market by Product (Marine grade, Navigation grade, Tactical grade, and Commercial grade), Technology (Mechanical, Fiber optic gyro (FOG), Ring laser gyro (RLG), Micro-Electro-Mechanical Systems (MEMS), Hemispherical Resonator gyro (HRG), and Vibrating gyro), Application (Air, Land, and Naval Platforms), Geography (North America, Europe, Asia-Pacific, the Middle East, and ROW) - Forecast & Analysis to 2014 - 2019
Small UAV Market by Application (Military, Commercial & Civil, Homeland Security), by Payloads (EO, LiDAR, Laser Designator, Meteorological sensors, Cameras, Telemetry, Autopilot, and NBC detection), by Propulsion System (Hybrid, Hydrogen cell, Solar, Lithium-ion battery), by Geography - Market Forecast and Analysis to 2014 - 2020
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza,
17304, Preston Road,
Suite 800, Dallas, TX 75252
Visit MarketsandMarkets Blog@ http://mnmblog.org/market-research/aerospace-defence