Aircraft Autopilot System Market Size

Aircraft Autopilot System Market Analysis

The Aircraft Autopilot System Market size is estimated at USD 5.96 billion in 2024, and is expected to reach USD 7.96 billion by 2029, growing at a CAGR of 5.97% during the forecast period (2024-2029).

The enhanced safety requirements of the aviation industry drive the market. The advent of the fly-by-wire (FBW) concept necessitates the integration of advanced flight computers onboard an aircraft. Furthermore, to ensure optimal safety levels and enhance the pilots' situational awareness, the global aviation regulatory agencies have mandated the installation of an autopilot system in conjunction with the flight director system.

The development of advanced aircraft capable of automated flights is driving the ongoing R&D for aircraft autopilot systems. Once the technology is fully developed and becomes commercially feasible, it is anticipated to enhance the business prospects of the market players.

Moreover, stringent regulations from aviation authorities regarding utilizing autopilot systems will require the developers to increase their scope of R&D to get their autopilot systems certified. For instance, the European Union Aviation Safety Agency (EASA) has proposed to develop various ways for airlines to operate aircraft with a single pilot. EASA anticipates that the transition might happen as early as 2027. The EASA plan has two concepts that need to be incorporated: extended minimum manned operations (eMCO) and single pilot operations (SiPO). Such developments will fuel the autopilot systems market as this will demand single pilot autonomy systems and error-tolerant cockpit designs.