Aircraft Sensors Market is Forecasted to Reach US$ 2.2 Billion in 2028, Says Stratview Research

The global aircraft sensors market is projected to witness a growth rate of 10.5% annually from 2023 to 2028, with an anticipated size of US$ 2.2 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 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$ 2.2 billion
Growth (CAGR): 10.5% 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 Sensors Market:

The global Aircraft Sensors market is segmented based on Aircraft type, Sensor type, Application type, End-User type, and Region.

Based on aircraft type - The market is segmented into commercial aircraft, general aviation, regional aircraft, military aircraft, helicopters, and unmanned aerial vehicles. Commercial aircraft is expected to remain the dominant aircraft type in the market during the forecast period owing to a relatively large number of sensors used for different applications in commercial aircraft. An expected increase in air passenger traffic coupled with an expected ramp-up in production rates of key aircraft programs and upcoming aircraft programs are likely to create huge growth opportunities in the commercial aircraft sensors market in the foreseen years.

Based on sensor type - The market is segmented into pressure sensors, temperature sensors, position sensors, force/torque sensors, inertial sensors, and others. The 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 high usage in flight control systems, engine, cabin, and landing gear, wheels, & brakes applications, etc.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/286/Aircraft-Sensors-Market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

North America is expected to remain the largest market for aircraft sensors and it held a revenue share of more than 40% in 2022, due to the presence of a large number of raw material suppliers, tier players, OEMs, and sensor manufacturers, making the region a growth engine of the aircraft industry.

Asia-Pacific is projected to witness the highest growth in the market over the next five years with the increasing focus of industry stakeholders to expand in emerging economies such as India and China. The region is expected to occupy ~38% share of the world's aircraft fleet in the next twenty years.

Aircraft Sensors Market Drivers:
Some of the key drivers listed in the report are given below.
• Increasing production rates of key aircraft programs.
• Expected market entry of COMAC C919, Irkut MC-21, and Boeing B777x.
• Rising aircraft fleet size.
• Growing acceptance of sensors in unmanned aerial vehicles.
• Improved sensors in aviation to monitor different physical quantities.
• Advancement in sensors with wireless smart sensors and smart skin technologies to detect damage in an aircraft, etc.

Top Companies in the Aircraft Sensors Market:
Stratview Research has identified the following companies as the top market players.
• TE Connectivity
• 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.
Note: The above list does not necessarily include all the top players in the market.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the Aircraft 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?

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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.