AUTOPILOT SYSTEM MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Autopilot System Market, By Component (Software, Gyros, Actuators, and GPS), By System (Attitude and Heading Reference System, Flight Director System, Flight Control System, Avionics System, and Other), By Aircraft Type (Commercial, Military, and Civil), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Autopilot System Market Regional Insights

The Asia Pacific market is expected to be the largest market for autopilot system, accounting for over 33% of the market share in 2023. The growth of the market is attributed to increasing disposable incomes and vehicle production in countries like China, Japan, and South Korea.
North America is expected to be the second-largest market for autopilot system during the forecast period, accounting for over 24% of the market share in 2023. The growth of the market in North America is attributed to the early adoption of advanced automotive technologies and presence of major players in the region.
The Europe market is expected to be the fastest-growing market for autopilot system, with a CAGR of over 19% during the forecast period. The growth of the market in Europe is attributed to stringent safety regulations and government initiatives to promote autonomous driving.

Geographies covered:

North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa and Rest of Middle East