Autopilot System Market worth $54.84 Million by 2019 Raymarine (U.S.), Furuno (Japan), Garmin (Switzerland), TMQ (Australia), Simrad (U.S.), Cobham (U.K.) will be the market leaders that occupy a significant market share for the global market. According to the report "Autopilot System Market by Application (Airborne, Land, Sea, Subsea), by Geography (North America, Europe, Asia-Pacific, the Middle-East, Latin America, Africa) - Forecasts & Analysis to 2014 - 2019", published by MarketsandMarkets, the Autopilot System Market is estimated to be $46.5 Million in 2014, and expected to reach $54.84 Millionin 2019 at a CAGR of 2.79%. The major challenges for this particular market will be the complexity in system integration. Browse more than 40 market data Tables with 13 Figures spread through 150 Pages and in-depth TOC on "Autopilot System Market". http://www.marketsandmarkets.com/Market-Reports/autopilot-system-market205309455.html North America holds maximum share in this market. The emerging regions are Asia-Pacific, The Middle East, and Latin America. These regions are expected to grow rapidly, primarily due to the increasing number of aircrafts demand in these regions. The autopilot systems are used specifically to reduce the human intervention and navigate effortlessly by monitoring and controlling the trajectory. Driving factors for this market include high fuel efficiency, safer air travelling, and technology advancement. The huge maintenance costs and the changing government regulations act as a limitation for the autopilot market. The small UAV comprising of expensive electronics is a significant market for the Autopilot System Market over the forecast period.
The market is segmented into three categories viz. by application, by technology, and by region. The global Autopilot System Market consists of applications in land, sea, subsea and air. The serial segment consists of manned vehicles such as aircrafts and unmanned vehicles such as UAV. The report covers The Autopilot System Market in the sea for surface ships as well as subsea including the submarine and unmanned underwater vehicles (ROV and AUV). The land segment focuses on the unmanned ground vehicles for the study. Inquiry before buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=205309455 Early buyers will receive 10% customization on this report. The competitive analysis includes the market share of companies in the autopilot system market. The impact of drivers and restraints are also analyzed along with their impact on autopilot system market. Technology and industry trends are also highlighted, which will provide competitive market intelligence to utilize the business opportunities. Key Takeaways
The global autopilot system market is expected to shoe a sluggish growth within the study period; but in the long run, is expected to show a stringent growth due to the technological advancements The global market is segmented into airborne, land, sea and subsea platforms based on the application. The aerial applications comprises of 31%, land comprises of 15%, sea comprises of 25%, and subsea comprises of 29% of the total markets The autopilots are expected to play a vital role in the unmanned aerial, maritime nd ground vehicles for performing redundant operations to avoid mistakes and monotony With the increase in autonomy and compatibility with the other systems, the autopilots will be used to a great extent in long journeys to reduce the human interventions and thus the driver fatigue Technological advancements and integration of autopilots with complex systems will drive the demand for autopilots in the commercial and military applications. The Do It Yourself autopilots are the open source platform for building simple autopilots and proves to be a upcoming technological trend for this market The market is expected to mature in the upcoming years for their amazing applications to provide complex operational handling in the autonomous
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aerial drones (UAV and Quad copters). The autopilot systems will be improvised to increase the autonomy function which will further fuel the autopilot market. Countries of Asia-Pacific and European region are investing into the autopilots system for unmanned vehicles. The market in the airborne and maritime applications is expected to show a significant growth while the growth in that of the ground vehicles is expected to be stagnant
Browse Related Report 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 http://www.marketsandmarkets.com/Market-Reports/inertial-navigation-systemmarket-154810661.html About MarketsandMarkets MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. M&M covers thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT, and aerospace & defence. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact: Mr. Rohan North - Dominion Plaza, 17304, Preston Road, Suite 800, Dallas, TX 75252 Tel: +1-888-600-6441
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