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Markets and Markets : Autopilot System Market expected to be worth $7.30 Billion by 2020
[July 31, 2014]

Markets and Markets : Autopilot System Market expected to be worth $7.30 Billion by 2020


(M2 PressWIRE Via Acquire Media NewsEdge) According to a new market research report "Autopilot System Market by Application (Airborne, Land, Sea, Subsea), by Geography (North America, Europe, Asia-Pacific, The Middle-East, Latin America, Africa), by Configuration (Manned And Autonomous Platforms) - Forecasts & Analysis to 2014 - 2019" The global autopilot system market is estimated to be $4.79 billion in 2014, and expected to reach $7.30 billion in 2020 at a CAGR of 7.28%. The major challenges for this particular market will be the complexity in system integration.



Browse 86 market tables and 33 figures spread through 150 pages and in-depth TOC on "Autopilot System Market".

http://www.marketsandmarkets.com/Market-Reports/autopilot-system-market-205309455.html Early buyers will receive 10% customization on this report.


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.

PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=205309455 The study covers the global market with a detailed study of the specific regions and countries to give a brief of the market dynamics in the autopilot system over the forecast period. The market is driven majorly by the increasing demand of aircraft and need of accuracy in the navigation system during the journey. The market share is greatest in the U.S. and the U.K.

The market is segmented into three categories viz. by application, by region, and by country. The global market consists of applications in land, sea, subsea and airborne. The aerial segment consists of manned vehicles including commercial and military aircraft and unmanned vehicles including the missiles and UAV. The reports covers the autopilot system 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 and specific armored vehicles for the forecast.

For More Further Details @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=205309455 The market is driven by the increasing need of aircrafts and unmanned aerial vehicles (UAV) for the aerial applications. The increase in fuel efficiency and reduction in driver fatigue to scrutinize dynamic changes is expected to boost the use of autopilot systems over the forecast period. The small UAV comprising of expensive electronics is a significant market for the autopilot system and will see a significant opportunity for the 'Do It Yourself' autopilots in future.

Rockwell Collins (U.S.), Honeywell (U.S.), BAE Systems (U.K.),Cobham (U.K.),Furuno (Japan), Garmin (Switzerland), Micropilot (Canada), Raymarine (U.S.), DJI (China), Simrad (U.S.), are the market leaders and occupy a significant market share for the global market.

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.

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