Aircraft Sensors Market to touch US$ 4.8 Billion by 2023 – Global Key Players (Honeywell, UTC Aerospace Systems, Zodiac Aerospace, Ametek, Meggitt, Safran Electronics & Defense, Curtiss-Wright)

Marketprognosis.com Publish a New Market Research Report On “Global Aircraft Sensors Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Aircraft Sensors Market:

The Global Aircraft Sensors Market was valued at USD 3.3 Billion in 2017 and is expected to reach a market value of USD 4.8 Billion by 2023, registering a CAGR of 6.4% during the forecast period (2018-2023).

The market report is segmented on the basis of type into pressure sensors, temperature sensors, speed sensors, proximity sensors, and gyro sensors. The report is also segmented by aircraft type into narrow-body aircraft, wide-body aircraft, very large aircraft, helicopter, military aircraft, and UAV. Sensors are necessary in an aircraft for real-time analysis during the flight and also to capture data.

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According to IATA, 7.2 billion passengers are expected to travel in 2035, which is a near doubling of the estimated 3.8 billion air travelers in 2016. This increase in the number of passengers is expected to result in the increase in the fleet size of companies. Thereby, leading to the growth in the aircraft sensors market. The relaxation of regulations will motivate more customers to use airplanes as a means of transport. The United States has the highest number of passengers, however, China is expected to overtake the US in the number of passengers by 2025.

The rise in disposable incomes and the increased purchasing power of customers has increased air travel. To meet this exponential rise in demand, the aviation companies are bringing in more regional aircrafts and this, in turn, will increase the need for narrow-body aircraft engines. Moreover, these manufacturers also procure new engines for replacing the old engines. With the rise in the demand, the narrow-body aircraft engine manufacturers are developing faster delivery processes. This will lead to an increase in the number of narrow-body type aircraft which, in turn, is expected to increase the market share of sensors used in the narrow-body segment.

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North America is the manufacturing capital of the aerospace & defense industry with the presence of several large-sized to small-sized aircraft OEMs, engine OEMs, tier players, sensor manufacturers, distributors, and raw material suppliers. Major aircraft manufacturers, like Boeing (US), Bombardier (Canada), Lockheed Martin (US), Bell Helicopter (US), and Sikorsky Aircraft (US), are based in this region and they generate a huge demand for aircraft sensors. All of these companies have backlogs in aircraft productions and this is expected to keep a constant demand for sensors in the forecast period.

Major Key Players:

1 Honeywell International Inc.

2 TE Connectivity Ltd

3 UTC Aerospace Systems

4 Zodiac Aerospace

5 Ametek, Inc.

6 Meggitt PLC

7 Safran Electronics & Defense

8 Curtiss-Wright Corporation

9 Esterline Technologies Corporation and More…………..

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What is driving this market?

4 What are the challenges to market growth?

5 Who are the key vendors in this market space?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the strengths and weaknesses of the key vendors?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Aircraft Sensors Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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This release was published on openPR.