Market Share of Aircraft Autopilot System Industry
The aircraft autopilot market is fragmented, with a handful of global players. Some prominent players in the market include BAE Systems plc, Honeywell International Inc., Meggitt (Parker Hannifin Corporation), Avidyne Corporation, and Safran, among others. Besides air traffic, the emerging security environment, fueled by the growing geopolitical unrest in several countries, is increasing demand for aircraft. Players are investing significantly in procuring new aerial assets to gain long-term contracts and expand their global presence.
Furthermore, continuous R&D has been fostering the advancements of accuracy and efficiency of integrated autopilot technologies and associated subsystems. For instance, in October 2021, Garmin Ltd. announced that its GFC 500 autopilot received Supplemental Type Certification (STC) from the Federal Aviation Administration (FAA) for use in Beechcraft 19 Sport, Beechcraft 23 Musketeer/Sundowner, and Beechcraft 24 Musketeer/Sierra aircraft models. Similarly, in June 2021, Bell Textron Inc. announced that the Genesys HeliSAS autopilot incorporated into the Bell 505 helicopter had received certification from the UK’s Civil Aviation Authority (CAA).
Aircraft Autopilot System Market Leaders
BAE Systems plc
Avidyne Corporation
Safran
Honeywell International Inc.
Meggitt (Parker Hannifin Corporation)
*Disclaimer: Major Players sorted in no particular order
