Press release
Aircraft Sensors Market, Key Vendors, Segment, Growth Opportunities by 2023 to 2032
The global aircraft sensors market was valued at USD 4,765.5 million in 2022 and expected to grow at a CAGR of 8.7% during the forecast period.The term "aircraft sensors" refers to the sensors built into an aircraft for use in navigation, control, and monitoring. The sensors in the aircraft are set up for flying instruments including tachometers, fuel and oil gauges, engine temperature gauges, and others. Serious tragedies can result from very minor aeroplane errors. Such unusual anomalies are discovered by the sensors built inside the aeroplane, which alert the pilot. These instances are what started the aviation industry's desire for aircraft sensors.
Automation has increased the amount of sensors in an aircraft, which improves the precision of the functions the aircraft is designed to do. An aeroplane in the present day is a highly sophisticated item with several sensors and measurement systems. Additionally, it is anticipated that the growing use of sensors in unmanned aerial vehicles (UAVs) would open up a number of market possibilities in the years to come. For instance, the U.S. army granted General Atomics a $92.3 million contract in November 2020 for the creation of intelligent sensors using AI for unmanned aircraft. Additionally, the contract included research, development, testing, and evaluation of the AI system for the unmanned aerial platform's smart sensor prototype.
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growing use of sensors for data sensing and measurement, growing demand for UAVs, and rising need for aircraft fleet expansion all contribute to the expansion of the aviation sensors market. The factors that are anticipated to impede the market's growth include privacy and security worries, aviation industry regulations, and safety agency rules. Additionally, market possibilities for the major companies operating in the aircraft sensors market are created by technical developments in the aviation sector and the use of wireless sensors.
The market for aircraft sensors is divided into segments based on the kind of aircraft, the application, connectivity, end use, and the geography. The market is segmented into fixed wings, rotorcraft, and other types of aircraft. By application, it is divided into flight decks, landing gear systems, armament systems, fuel, hydraulic, and pneumatic systems, engine/propulsion, cabin & cargo environmental controls, aerostructures & flight control. It is divided into wired sensors and wireless sensors based on connection. It is further divided into OEM and aftermarket products based on end usage. It is examined throughout North America, Europe, Asia-Pacific, and LAMEA in terms of regions.
Ametek, Inc., Auxitrol Weston, BAE Systems, Curtiss-Wright, Eaton, General Atomics, General Electric, Honeywell International Inc., Meggitt PLC, Raytheon Technologies Corporation, Safran, Schneider Electric, Smith Systems Incorporated, TE Connectivity, Thales Group, Thermocouple Technology, LLC, and Woodward, Inc. are the top companies active in the aircraft sensors market.
Market Segmentation:
Sensor Type: The aircraft sensors market can be segmented based on the type of sensor, such as pressure sensors, temperature sensors, proximity sensors, position sensors, flow sensors, and others.
Platform: The aircraft sensors market can be segmented based on the platform, such as commercial, military, and general aviation.
Application: The aircraft sensors market can be segmented based on the application, such as flight control system, engine control system, environmental control system, and others.
Geography: The aircraft sensors market can be segmented based on the geography, such as North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
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Competitive Landscape:
The global aircraft sensors market is highly competitive, with several key players operating in the market.
Some of the leading companies in the aircraft sensors market include:
Honeywell International Inc.
TE Connectivity Ltd.
Amphenol Corporation
Safran S.A.
Woodward Inc.
UTC Aerospace Systems (Collins Aerospace)
Meggitt PLC
Thales Group
Esterline Technologies Corporation
Zodiac Aerospace (now part of Safran S.A.)
These companies are competing based on factors such as product quality, innovation, price, and customer service. They are also investing heavily in research and development to develop advanced sensors that can meet the increasing demand for enhanced aircraft systems. The companies are also collaborating with other players in the market, including aircraft manufacturers, to develop customized solutions that can meet specific requirements.
Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
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