Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 5.12 Billion | USD 10.88 Billion | 8.72% | 2023 |
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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