Home Press Releases Aircraft Sensors Market Size Worth $4.62 Billion By 2028 | CAGR: 4.7%

Aircraft Sensors Market Size Worth $4.62 Billion By 2028 | CAGR: 4.7%

The global aircraft sensors market size is expected to reach USD 4.62 billion by 2028 according to a new study by Polaris Market Research. The report Aircraft Sensors Market Share, Size, Trends, Industry Analysis Report, By Aircraft Type (Narrow-body, Wide-body, Regional, General Aviation, Helicopter, UAV, Military); By Sensor; By Application; By End-Use, By Region; Segment Forecast, 2021 – 2028gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Some of the key factors fueling the global industry growth include expected recovery in airplane production and deliveries, increasing airplane fleet size, increasing demand for electronic components in modern airplane programs, increasing demand for safer, seamless, and smooth flight operations, growing in-flight connectivity, and internet of things, and stringent norms of regulatory bodies to ensure safer operations and low emission aircraft. Based on recent publishing of Boeing and Airbus, airplane backlog order pile stands 5084 and 6925 airplanes respectively as of June 2021, thereby representing strong industry fundamentals and promising industry outlook.

 

A gradual shift of pneumatic to electronic components in an airplane across application verticals has led to spike in the demand for sensors in an airplane. Further, increasing in-flight connectivity and internet of things coupled with a greater need for better safety and fuel-efficient airplane are creating new market avenues for sensors in the airplane industry.

 

Among sensors types, pressure sensors hold gigantic share in the global industry driven by their large-scale usage in monitoring and indicating cabin and cargo deck pressures in an airplane. Temperature and flow sensors also offer significant market opportunities driven by their usage in certain engine operations monitoring. North America held high dominance in the global industry, owing to presence of various leading airplane, engine OEMs, system manufacturers, and sensors manufacturers. Asia-Pacific is likely to grow at the fastest rate during the forecast period, driven by emerging economies such as China and India and major investments by the key operating companies.

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Major participants such as Ametek Inc., BAE Systems, Crane Aerospace & Electronics, Curtiss-Wright Corporation, Eaton, Esterline Technologies Corporation, General Electric, Honeywell International Inc., InvenSense, Kulite Semiconductor Products, Inc, Meggitt PLC, Safran S.A., Stellar Technology, TE Connectivity, Thales Group, Trimble Inc, Vectornav Technologies, Woodward Inc. are some of the key players competing in the global industry.

 

There have been various new strategic moves by industry stakeholders in the area of sensor technology for airborne surveillance and intelligence. In June 2021, the U.S. Army was recently awarded a contract for designing and building prototype of airborne intelligence sensor to L-3 Communications Integrated Systems and Raytheon Applied Signal Technology. Previously, in February 2021, Tata Group has announced that it will develop military airplane in the country to integrate indigenous sensors and payloads to convert them into aerial intelligence after acquiring intellectual rights from Germany based company.

 

Polaris Market Research has segmented the aircraft sensors market report on the basis of  type, sensor, application, and region: 

 

Aircraft Sensor, Type Outlook (Revenue – USD Million, 2016 – 2028)

  • Narrow-body
  • Wide-body
  • Regional
  • General Aviation
  • Helicopter
  • UAV
  • Military

Aircraft Sensor, Sensor Outlook (Revenue – USD Million, 2016 – 2028)

  • Temperature Sensor
  • Pressure Sensor
  • Speed Sensor
  • Radar Sensor
  • Position Sensor
  • Flow Sensor
  • Others

Aircraft Sensor, Application Outlook (Revenue – USD Million, 2016 – 2028)

  • Flight Deck & Control Systems
  • Airframe
  • Engine
  • Interior
  • Others

Aircraft Sensor, End-Use Outlook (Revenue – USD Million, 2016 – 2028)

  • OEM
  • Aftermarket

Aircraft Sensor, Regional Outlook (Revenue – USD Million, 2016 – 2028)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Netherlands
    • Austria
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Israel
    • UAE

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