The Autopilot System Global Market Report 2023, provides comprehensive information on the autopilot system market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Autopilot System Global Market Report 2023, the market size is expected to grow from $5.04 billion in 2022 to $5.36 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global autopilot system market size is expected to reach $6.99 billion in 2027 at a CAGR of 6.8%.
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An autopilot system is an electrical, mechanical, or hydraulic system that allows aerial, marine and unmanned aerial vehicles (UAVs) to operate autonomously. It consists of a computer system, actuator, and global positioning service (GPS), along with flight director control and avionics systems. These systems are used to minimize the workload of the pilots over long travels while also improving the vessel’s overall performance
The autopilot system market is segmented:
1) By System: Attitude And Heading Reference System, Flight Control System, Flight Director System, Avionics System
2) By Product Type: Rotary Wing Aircraft, Fixed Wing Aircraft
3) By Platform: Airborne, Sea, Subsea, Land-Based
4) By Application: Military, Defense, Commercial
North America was the largest region in the autopilot system market in 2022.
The table of contents in TBRC’s autopilot system market report includes:
1. Executive Summary
2. Autopilot System Market Characteristics
3. Autopilot System Market Trends And Strategies
4. Autopilot System Market – Macro Economic Scenario
5. Autopilot System Market Size And Growth
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26. Africa Autopilot System Market
27. Autopilot System Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Autopilot System Market
29. Autopilot System Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Rockwell Collins Inc
- BAE Systems PLC
- Cloud Cap Technology Inc
- Furuno Electric Co. Ltd
- Garmin International Inc
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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