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Aircraft Sensors Market Growth Statistics, Regional Analysis, Top Players, Size, And Forecast To 2033
Aircraft Sensors Market
As per the report, the aircraft sensors market size has grown strongly in recent years. It will grow from $4.50 billion in 2023 to $4.87 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The aircraft sensors market size is expected to see strong growth in the next few years. It will grow to $6.7 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%.
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Surging Production And Delivery Of New Aircraft
The increasing production and delivery of new aircraft is expected to propel the growth of the aircraft sensors market going forward. Aircraft are vehicles designed for air travel, including airplanes, helicopters, and drones. The production and delivery of new aircraft are increasing due to growing demand from airlines seeking to modernize fleets, expand routes, and meet rising passenger travel needs globally. Aircraft paint is applied in aircraft production primarily to protect against corrosion and environmental damage and enhance aesthetics. For instance, in January 2023, according to Airbus SE, a Netherlands-based aerospace corporation, the company delivered 661 commercial aircraft to 84 customers in 2022, representing an increase of 8% from the 611 units sold in 2021. Therefore, increasing production and delivery of new aircraft is driving the growth of the aircraft sensors market.
Advancements In Aircraft Sensor Technology To Meets The Growing Demand For Small Low-Power Precision Sensors
Major companies in the aircraft sensors market are focusing on developing advanced sensors for aircraft, such as micro-electro-mechanical systems (MEMS) accelerometers, to provide a high-performance navigation solution for aerospace and gain a competitive edge. Micro-electro-mechanical systems (MEMS) accelerometer is a high-accuracy device that helps determine the aircraft's velocity and orientation. For instance, in March 2022, Honeywell, a US-based aerospace company, launched the MV60, a new precision navigation sensor. It is a MEMS accelerometer for aerospace, industrial, and marine applications. The MV60 offers high performance and reliability in a compact, rugged, cost-effective design. It measures acceleration for navigation systems and inertial measurement units across various vehicles and operations. The device features a small footprint, shock survivability up to 5,000 g, and bandwidth over 300 Hz. The MV60 features a robust design and quality assurance that provide superior reliability, ensuring it can withstand demanding operating conditions.
The aircraft sensors market covered in this report is segmented -
1) By Sensor Type: Temperature, Pressure, Position, Flow, Torque, Radar, Accelerometer, Proximity
2) By Aircraft Type: Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft, Unmanned Aerial Vehicle (UAV)
3) By Connectivity: Wired, Wireless
4) By Application: Engine, Door, Environmental Control
5) By End Use: Original Equipment Manufacturer (OEM), Aftermarket
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Major companies operating in the aircraft sensors market are General Electric Company, United Technologies Corporation, The Raytheon Company, Lockheed Martin Corporation, Schneider Electric SE, Honeywell International Inc., BAE Systems, Safran Electronic & Defense, Eaton Corporation, Thales Group, Collins Aerospace, TE Connectivity Ltd., Parker Hannifin Corporation, Amphenol Corporation, Ametek Inc., General Atomics Corporation, Crane Aerospace & Electronics, Curtiss-Wright Corporation, Woodward Inc., Esterline Technologies Corporation, Stellar Technology, Avidyne Corporation, Hydra-Electric Company, PCB Piezotronics Inc., Custom Control Sensors LLC
Contents of the report:
1. Executive Summary
2. Aircraft Sensors Market Report Structure
3. Aircraft Sensors Market Trends And Strategies
4. Aircraft Sensors Market - Macro Economic Scenario
5. Aircraft Sensors Market Size And Growth
…..
27. Aircraft Sensors Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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