Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 5.12 Billion | USD 10.88 Billion | 8.72% | 2023 |
The global aircraft sensors market size was worth around $ 5.12 billion in 2023 and is predicted to grow to around $10.88 billion by 2032 with a compound annual growth rate (CAGR) of roughly 8.72% between 2024 to 2032
Aircraft sensors are devices that detect environmental events and changes and convert them into signals that are easy to interpret. A slight misalignment of the plane can lead to catastrophe. Sensors built into the aircraft detect such irregular deviations and notify pilots, which has inaugurated the demand for aircraft sensors in the aviation industry.Request Free Sample
Rising demand for technologically advanced aircraft to replace aging fleets and the high adoption of wireless sensors for military and commercial purposes are expected to propel the aircraft sensors market in the forecast year. Inflation in defense finance and the emergence of new technologies such as IoT, AI, and big data analytics are also expected to boost the market.
The report analyzes the global aircraft sensors market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Aircraft Sensors industry.
Aircraft sensors are the integral part of the instrument system of the aircraft. These sensors help aircraft in measuring, fuel & oil quantity, position, temperature, flow, pressure, level, smoke detection, torque, proximity and accelerometers among other sensor. All these sensors add strength to an aircraft.
Aircraft sensors market is projected to rise in the upcoming years. The market is expected to increase owing to the immense benefits it offers to the pilot. Rising production of commercial aircrafts, entry of new players in the market, upgrading aircrafts fleet sizes, enhancing electronic components for the next gen aircraft with increased passenger safety and enhanced fuel efficiency are considered to be some of the major growth factors for aircraft sensors market. The sensors fitted in the aircraft identify numerous abnormal variations and alert the pilot for the same. For instance, after two fatal crashes of boing flagship aircraft, boing 737 Max, the flight has been grounded since March; all these issues will contribute to the growth of the market in the long run.
The rising demand for new aircraft and advancements in MEMS technology and regulations by aviation safety agencies has greatly impacted the market for aircraft sensors. Moreover, the rising demand for UAV’s will positively impact the aviation industry, as the incidents of fatal crashes reduces. Moreover, the increasing investment of private equity firms for the development of aircraft sensors will likely promote growth. However, regulations by aviation safety agencies are expected to hinder market growth in the projected period.
Global Aircraft Sensors Market: Segmentation
The study provides a decisive view of the aircraft sensors market by segmenting the market based on by application, by sensor type, by platform and by Region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
By Application Segment includes Fuel, Hydraulic & Pneumatic Systems, Engines, Doors & Slides, Flight Decks & Flight Control, Cabin & Cargo Environmental Controls, Landing Gears, Wheels & Breaks.
By Sensor Type Segment includes Position, Temperature, Flow, Pressure, Level, Smoke Detection, Torque, Radar, Proximity, Accelerometers and Other Sensor.
By Platform Segment includes Rotary-wing Aircraft, Fixed-wing Aircraft and UAVs.
The Regional segment includes the present and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Report Attributes | Report Details |
---|---|
Report Name | Aircraft Sensors Market |
Market Size in 2023 | USD 5.12 Billion |
Market Forecast in 2032 | USD 10.88 Billion |
Growth Rate | CAGR of 8.72% |
Number of Pages | 120 |
Key Companies Covered | TE Connectivity Ltd., Honeywell International, Inc., General Electric Company , Ametek, Inc., Safran S.A., Meggitt PLC, Woodward Inc., Zodiac Aerospace and Thales Group |
Segments Covered | By Application, By Sensor Type, By Platform and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The aircraft market is segmented into application, sensor type and platform. The platform segment is expected to will market growth for aircraft sensors in the predicted period. The platform segment is divided into fixed wing aircraft, UAVs and rotary wing aircraft. The fixed wing aircraft segment will hold a significant rate owing to the type of aircraft in the commercial aviation sector. Additionally, the rising demand for low-cost carriers is considered to be one of the factors driving market growth for aircraft sensors in the predicted period.
The players are adopting numerous strategies, which includes new product developments, agreements and contracts to support their position in the aircraft sensors market. Noticeable players included in aircraft sensors market report are TE Connectivity Ltd., Honeywell International, Inc., General Electric Company , Ametek, Inc., Safran S.A., Meggitt PLC, Woodward Inc., Zodiac Aerospace and Thales Group among others.
The aircraft sensors market is segmented into North America, Europe, Asia- Pacific, Latin America & Middle East and Africa. North America is accounted to have a significant share in the estimated period. Owing to the presence of technological advanced countries such as U.S and Canada along with the presence of major players of the market such as Bombardier, Boeing Lockheed Martin and Sikorsky Aircraft are expected to propel market growth in the estimated period.
Global Aircraft Sensors Market: Application Segment Analysis
Global Aircraft Sensors Market: Sensor Type Segment Analysis
Global Aircraft Sensors Market: Platform Segment Analysis
Global Aircraft Sensors Market: Regional Segment Analysis
FrequentlyAsked Questions
Aircraft sensors are devices that collect data from various parts of an aircraft and its surrounding environment to provide critical information for safe and efficient flight operations. These sensors are integral components of modern aircraft and play a crucial role in monitoring, controlling, and optimizing various systems and parameters. The data collected by aircraft sensors is used by pilots, flight crews, and onboard systems to make informed decisions and ensure the safety and performance of the aircraft.
The growth in air travel and passenger numbers drives the demand for new aircraft, leading to higher installations of advanced sensors to ensure safety, efficiency, and passenger comfort.
As per the market analysis by Zion Market Research Analysts, the global aircraft sensors market is estimated to expand from around USD USD 5.12 Billion in 2023 to about USD 10.88 Billion by 2032.
at approx 8.72% CAGR during the projected period.
The aircraft sensors market is segmented into North America, Europe, Asia- Pacific, Latin America & Middle East and Africa. North America is accounted to have a significant share in the estimated period. Owing to the presence of technological advanced countries such as U.S and Canada along with the presence of major players of the market such as Bombardier, Boeing Lockheed Martin and Sikorsky Aircraft are expected to propel market growth in the estimated period.
The players are adopting numerous strategies, which includes new product developments, agreements and contracts to support their position in the aircraft sensors market. Noticeable players included in aircraft sensors market report are TE Connectivity Ltd., Honeywell International, Inc., General Electric Company , Ametek, Inc., Safran S.A., Meggitt PLC, Woodward Inc., Zodiac Aerospace and Thales Group among others.
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