Aircraft Engine Sensors Market is Forecasted to Reach US$ 0.75 billion in 2028, Says Stratview Research

The global aircraft engine sensors market is projected to witness a growth rate of 10.9% annually from 2023 to 2028, with an anticipated size of US$ 0.75 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global aircraft engine sensors market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Report Highlights:
Market Size in 2028: US$ 0.75 billion
Growth (CAGR): 10.9% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 5
Number of Tables & Graphs: 100+

Segment Insights on the Aircraft Engine Sensors Market:
The global aircraft engine sensors market is segmented based on aircraft type, sensor type, application type, end-user type, and region.

Based on aircraft type - The aircraft engine sensors market is segmented into commercial aircraft, general aviation, regional aircraft, military aircraft, helicopter, and unmanned aerial vehicles. Commercial aircraft is expected to remain the largest as well as the fastest-growing aircraft type in the market during the forecast period, owing to the usage of a relatively large number of sensors in commercial aircraft. Over the eons, it has been recorded an increased number of sensors used per geared turbofan. For instance, A LEAP engine has more sensors than its predecessor (CFM56)..

Based on the sensor type - The market is bifurcated into pressure sensor, temperature sensor, position sensor, inertial sensor, and others. Pressure sensor is expected to remain the dominant as well as the fastest-growing sensor type in the market during the forecast period owing to their various benefits, such as timely electric signals provided to the engine according to the pressure applied coupled with its wider applications. Also, the price of pressure sensors is quite higher than that of other sensors such as temperature sensors.

Based on the application type - The market is segmented as gearbox, compressor, turbine, front blade, and nacelle. Gearbox is expected to remain the dominant application type in the market during the forecast period, owing to the usage of a large number of sensors in the gearbox.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/3109/aircraft-engine-sensors-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is expected to remain the largest market for aircraft engine sensors during the forecast period. This growth outlook is majorly attributed to the following-
- The region has the presence of a large number of aircraft OEMs, aero-engine OEMs, tier players, and raw material suppliers.
- And aircraft engine sensor manufacturers, which make the region the growth engine of the aircraft industry.
- Most of the tier players, airlines, and suppliers have their presence in the region to address the emergent needs of OEMs.

Aircraft Engine Sensors Market Drivers:

Some of the key drivers listed in the report are given below.
- Increasing air travel demand, rising aircraft production, and stringent safety regulations.
- Advancements in sensor technology, demand for fuel-efficient engines, and predictive maintenance adoption.
- Expanding defense aviation and integration of IoT and AI in aircraft systems also fuel market expansion.

Top Companies in the Aircraft Engine Sensors Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• TE Connectivity Ltd.
• Thales Group
• Honeywell International Inc.
• Safran S.A.
• Meggitt PLC
• Curtiss-Wrights Corporation
• Ametek Inc.
• Transdigm Group, Inc. (Auxitrol Weston)
• Woodward Inc
• Sensata Technologies Inc.

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Aircraft Engine Sensors Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:

• Aircraft Sensors Market: https://www.stratviewresearch.com/286/Aircraft-Sensors-Market.html

• Aircraft Pressure Sensors Market: https://www.stratviewresearch.com/3108/aircraft-pressure-sensors-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.