July 26, 2021

Aircraft Sensors Market Size & Share 2021 | Global Growth Segments, Emerging Trends and Business Strategy with Opportunities and Insights of top Players till 2024

Aircraft Sensors

Aircraft Sensors Market” report helps to gain a deeper insight of the market overall landscape with qualitative and quantitative aspects of various industry factors like growth, size and share. The report consists of an extensive primary research associated with rapidly changing dynamics and current scenario of Aircraft Sensors industry with latest developments. Aircraft Sensors market also shows information of Product awareness, adept workforce, technological advancements, raw material affluence, favorable environment.

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Scope of the Report:

Sensors in aircraft play a critical role in providing accurate data for the safe and effective flight time as well as the take-off and landing of the aircraft, as they provide feedback on a wide array of conditions of airplanes such as the temperature and pressure of the cabin, controlling the wings, flaps, and others.

Major Key Players:

  • TE Connectivity Ltd
  • Honeywell International Inc.
  • UTC Aerospace Systems
  • Meggitt PLC
  • Ametek Inc.
  • Thales Group
  • General Electric Company
  • The Raytheon Company
  • Safran Electronics & Defense
  • Curtiss
  • Wright Corporation
  • Zodiac Aerospace
  • Hydra
  • Electric Company
  • PCB Piezotronics Inc
  • Avidyne Corporation
  • Precision Sensors

    Market Overview:

  • The global aircraft sensors market was worth USD 1.77 billion in 2018 and is projected to reach USD 2.5 billion by 2024, registering a CAGR of 5.88% over the forecast period 2019 – 2024. The innovation in safety and effective handling of aircraft will drive the aircraft sensor market.
  • – Aircraft uses fly-by-computer systems, where signals from sensors monitor the various activities going on in the flight such as thrust levels, pedals and flight stick which is then received by flight management systems that control surfaces like ailerons and flaps.
  • – In July 2018, Gas Sensing Solutions (GSS) developed a unique carbon dioxide sensing technology, which is expected to drastically improve the air quality in the cabin of aircraft. Honeywell led the project along with the partnership with SST Sensing, Gas Sensing Solutions, and National Physical Laboratory.
  • – Moreover, the increasing integration of the internet of things (IoT) in airplanes to gain real-time statistics is raising the utilization and need for sensors to generate more accurate data which is driving the aircraft sensor market.
  • – The major challenge would be the manufacturing and the maintenance of these complicated air aircraft which is one of the significant cost incurring component in the industry. To reduce or mitigate this, researchers are testing new sensors to achieve this milestone.

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    Our Research Report Includes:

    • Aircraft Sensors Market size & share analysis
    • Top market players along with sales, revenue, and business strategies analysis
    • Aircraft Sensors Market growth drivers and restraints
    • Market opportunities & challenges
    • Research methodology and impact of Covid-19 on Industry

    Key Market Trends:

    Temperature Sensor to Account for a Significant Share

    – Temperature sensors are an integral part of an aircraft, which is incorporated at various areas, such as cabin, brakes, air ducts, inter-stage turbines, and hydraulic lines. The manufacturers have to comply with the industry standards and regulations to commercialize.
    – For instance, in July 2018, Airbus introduced whale-faced aircraft, BelugaXL. It is a next-generation aircraft having a humongous capacity, which requires a considerable amount of sensors, primarily temperature sensors to regulate the optimum required temperature in the cabin as well as the cargo space.
    – With the increasing number of flight passengers, the manufacturing of commercial aircraft is increasing rapidly across the world. This is expected to propel the usage of temperature sensors in aircraft thereby fueling the market growth over the forecast period.

    North America to Dominate the Aircraft Sensors Market

    – In North America, the usage of commercial and business aircraft, as well as the military aircraft, is increasing, owing to factors such as the high influx of immigrants, working professionals, major tourist attraction, and to increase air defense. This has led to an increase in the frequency of aircraft running, thereby ascending the scheduled maintenance.
    – Especially, the US aerospace manufacturers are very competitive internationally. The industry contributed USD 143 billion in export sales to the US economy. The inward stock of FDI into the US aerospace manufacturing industry totaled more than USD 21 billion, depicting the scope for aircraft sensor manufacturers in the region.
    – Moreover, the United States is making deals with other emerging economies or countries to sell high-end military aircraft, which are likely to boost the market growth over the forecast period.

    Competitive Landscape:

    Most of the companies present in the market are efficient at the technological front, but require significant support for enhancing their services and expanding their businesses. Thus, mergers and acquisitions offer significant opportunities to gain the attention of a large number of providers across developed regions.

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    Detailed TOC of Aircraft Sensors Market Report 2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Technological Advancements in MEMS
    4.3.2 Rising Demand for Commercial and Business Aircrafts
    4.3.3 Adoption of Internet of Things (IoT) in Aircrafts
    4.4 Market Restraints
    4.4.1 Stringent Regulations in Aviation Industry
    4.4.2 Complexity in Manufacturing of Aircraft Sensors
    4.5 Value Chain / Supply Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Aircraft Type
    5.1.1 Commercial and Business Aircraft
    5.1.2 Military Aircraft
    5.2 By Sensor Type
    5.2.1 Temperature
    5.2.2 Pressure
    5.2.3 Position
    5.2.4 Flow
    5.2.5 Torque
    5.2.6 Radar
    5.2.7 Accelerometers
    5.2.8 Proximity
    5.2.9 Other Sensor Types
    5.3 Geography
    5.3.1 North America
    5.3.2 Europe
    5.3.3 Asia-Pacific
    5.3.4 Latin America
    5.3.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 TE Connectivity Ltd
    6.1.2 Honeywell International Inc.
    6.1.3 UTC Aerospace Systems
    6.1.4 Meggitt PLC
    6.1.5 Ametek Inc.
    6.1.6 Thales Group
    6.1.7 General Electric Company
    6.1.8 The Raytheon Company
    6.1.9 Safran Electronics & Defense
    6.1.10 Curtiss-Wright Corporation
    6.1.11 Zodiac Aerospace
    6.1.12 Hydra-Electric Company
    6.1.13 PCB Piezotronics Inc
    6.1.14 Avidyne Corporation
    6.1.15 Precision Sensors

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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