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The Autopilot Market size is projected to reach a CAGR of 6.5% from 2022 to 2028.
Autopilot is a mode or a system wherein the path control of the aircraft, car, marine craft or spacecraft is automated without much needed human intervention frequently. It just gives the path control and thus is unable to be a human replacement rather acts as an aid to the human operator. It was firstly developed by Sperry corporation in the year 1912.
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Technological advancements along with the need for accuracy along with minimal human interference are some of the factors that have supported long-term expansion for Autopilot Market.
Recent Developments
In 2020, Honeywell (NYSE: HON) has formed a new business unit dedicated to the growing Unmanned Aerial Systems and Urban Air Mobility (UAM) industries.
Collins Aerospace Systems, a unit of United Technologies Corp. (NYSE: UTX), has launched a next-generation Piccolo Elite autopilot featuring advanced sensors, powerful processing upgrades and a new separated lift thrust take-off and landing (VTOL) controller for unmanned aerial vehicles (UAV).
Prominent Players
- Century Flight Systems Inc.
- Honeywell International Inc.
- Cloud Cap Technology
- BAE Systems Plc.
- TMQ International
- Rockwell Collins Inc.
- Garmin LPlc
- Cobham Plc.
- Furuno Electric Co. Ltd.
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North America to Dominate the Market
North America is the most rapidly growing market and offers a huge opportunity for the AUTOPILOT industry due to the increased expenditure on defence.
Autopilot Market Segmentation:
On the basis of Platform
· Airborne
· Land based
· Sea
· Subsea
On the basis of Component
· GPS
· Gyro
· Actuators
· Software
On the basis of Application
· Commercial
· Defence
Based on region:
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
The Report helps to identify the opportunities in Global Regions:
· North America (the United States, Canada, and Mexico)
· Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
· Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
· South America (Brazil etc.)
· The Middle East and Africa (North Africa and GCC Countries)
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- Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
- In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
In addition to the market data for Autopilot Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
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