Autopilot System Market Is Driven By Integration Of AI Technologies
The autopilot system market comprises products such as airborne autopilot systems, aircraft autopilot systems, and marine autopilot systems. Autopilot systems aid pilots in navigation and reduce workload during flight by maintaining the aircraft's heading, altitude, and speed. These autopilot systems are integrated with other avionics components such as flight management systems, displays, and auto-throttles. Autopilot systems for aircraft are becoming increasingly advanced with integration of artificial intelligence technologies that can automate more flight functions. The Global autopilot system market is estimated to be valued at US$ 3.4 Bn in 2024 and is expected to exhibit a CAGR of 15 % over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Autopilot System Market Demand are Neste, AEMETIS INC., Gevo, Shell PLC, Lanza Jet, and Sky NRG. Neste is a leading producer of renewable diesel and jet fuels. AEMETIS INC. produces low carbon renewable fuels like ethanol and renewable jet and diesel fuel using waste wood and other cellulosic biomass.
The demand for autopilot systems is growing due to the increasing aircraft deliveries globally. According to Airbus, over 39,210 new passenger and freighter aircraft will be required over the next 20 years. This growing fleet size is anticipated to drive the demand for autopilot systems installations in new aircraft.
The autopilot system market players are focusing on international expansion to tap the growth opportunities in emerging aviation markets such as China, India, and Middle East. For instance, in 2021, Garmin expanded its autopilot system product line with several new fleets approved for G3000 integrated flight deck.
Market Drivers
One of the key drivers for the autopilot system market is the integration of artificial intelligence technologies. This is enabling advanced automation capabilities including self-piloting navigation, decision making, and path planning for aircraft, ships, and other vehicles. Advanced AI-based autopilot systems can automate several mission-critical and dangerous flight functions with more precision, reliability and safety than human pilots alone. This is promoting adoption of autopilot systems across various commercial and defense application areas.
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