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Report Scope & Overview:

Aircraft Sensors Market Size was valued at USD 4.29 billion in 2022, expected to reach USD 6.34 billion by 2030, and grow at a CAGR of  5% over the forecast. period 2023-2030.

Technological advances in the aviation industry improve airlines and airport operations. From recent years, services in the aviation industry are growing exponentially. The markets associated with this sector, which are proving to be the services in the aviation sector, are emerging around the world. Aviation market players are striving to improve their services and products so that they can be as efficient as possible in the industry. The Air Sensors Market is one of the airlines related to the airport, seeing the continued growth rate over the years. Sensors are devices that detect and measure visual features. The use of sensors in aircraft has been found to be effective for a variety of purposes.

Aircraft Sensors Market Graph 2022

Sensors in flight function play an important role in a variety of functions. The Air Sensors Market has grown significantly due to its important service and solutions in relation to the airport. The sensors used in the aircraft provide accurate flight time data, which enables passengers to remain alert during takeoff and landing. Aircraft sensors even provide response data for a variety of aircraft conditions, such as compression and temperature of the aircraft, to control the wings, wings, and other objectives. Thanks to these functional features, the Aircraft Sensory Market is gaining a lot of attention worldwide.

Increased demand for advanced sensors in aircraft to measure different body structures is driving a significant growth in the Aircraft sensor Market. The need for the aircraft aviation industry with improved features sets new opportunities for growth in the aviation sensory market. Key market players work on features and sensory development to provide advanced sensors according to market demand. The growing level of public interest in simultaneous air travel accelerates the growth of the Aircraft Market. People prefer to fly because it is considered a comfortable way to travel, and it takes less time to reach the right destination. Therefore, the wide selection of passengers to fly has improved Aircraft Sensors Market Trends. As the choice of air travel grows by the day today, the increasing demand for advanced aviation services is increasing, which encourages the use of sensors in the aircraft.

MARKET DYNAMICS:

KEY DRIVERS:

  • Global demand for new aircraft is increasing.

  • Increased investment by aircraft manufacturers in connected aircraft

RESTRAINTS:

  • Aviation safety agencies' regulations

  • Small or new market participants find it difficult to meet the requirements set by these regulatory authorities, which acts as a barrier for market players, reducing market growth.

OPPORTUNITIES:

  • Sensors for unmanned aerial vehicles are becoming increasingly popular.

  • The aviation sector is increasingly embracing the Internet of Aircraft Things.

CHALLENGES:

  • Due to Digitalization and system interconnection risk of cyber attack are increases

  • ALIS acts as the F-35's information infrastructure, transmitting information about the aircraft to the relevant users via a globally spread network of technicians.

THE IMPACT OF COVID-19

The COVID-19 pandemic period was a nightmare for the aviation industry. During this time, the markets associated with the aviation sector have faced significant challenges. When travel and transportation were restricted due to the imposed lockdown, the Aircraft Sensors Market suffered massive financial losses. For an extended period of time, aviation services and aircraft operations were suspended. These factors influenced the Aircraft Sensors Market Value. However, the market will restore its growth rate in the coming years in order to achieve its goal.

MARKET ESTIMATION

Increased air passenger traffic, particularly from emerging economies, is expected to have a significant impact on the commercial aviation market. During the forecast period, the aircraft sensors market is expected to be driven by rising demand for fixed-wing aircraft, which are widely used for air travel. The wireless sensors segment is expected to grow at the fastest CAGR during the forecast period. The wired sensors segment dominates the global market, and the market size for wireless sensors for aircraft will grow due to increased demand for lightweight aircraft.

In the connectivity segment, the Aircraft Sensors Market is divided into wired and wireless sensors. The wired sensors have low maintenance costs and high reliability, which accelerates the segment's growth. The wireless segment has been identified as the dominant segment, and it is expected to grow at a faster rate during the evaluation period.

The Aircraft Sensors Market is divided into OEM and aftermarket segments based on end-use. During the forecast period, the OEM segment has the highest CAGR. This segment is critical because it is important to manufacturers of commercial aircraft, military aircraft, and business jets. The aftermarket segment is the end-use type's dominant segment. Among others, the sensor type segment is the most extensive. It is made up of Pressure Sensors, Force Sensors, Temperature Sensors, Speed Sensors, Torque Sensors, Position & Displacement Sensors, Level Sensors, Flow Sensors, Proximity Sensors, Gyroscopes, Global Positioning System (GPS) Sensors, Radar Sensors, Pitot Probes, Angle-Of-Attack (AOA) Sensors, Smoke Detection Sensors, Altimeter Sensors, Oxy All of these sensors have valuable applications, which will drive the global Aircraft Sensors Market forward. In recent years, altimeter sensors have dominated the market, and it is expected to register the highest CAGR during the review period. 

MARKET KEY PLAYER

Safran Electronic & Defense, Curtiss-Wright Corporation, The Raytheon Company, Zodiac Aerospace, Honeywell International Inc., Ametek Inc., Esterline Technologies Corporation., UTC Aerospace Systems, TE Connectivity Ltd., Thales group, Meggitt PLC.

KEY MARKET SEGMENTATION:

by End Use:

  • OEM

  • Aftermarket

by Connectivity:

  • Wired

  • Wireless

by Platform:

  • UAV

  • EVTOL

  • Fixed

  • Rotary

by Application:

  • Engine

  • Door

  • Environmental Control

by Sensor:

  • Pressure

  • Temperature

  • Speed

  • Proximity

  • Gyro

Aircraft Sensors Market Segment Chart

REGIONAL ANALYSIS:

During the forecast period, the North American aircraft sensors market is expected to grow at the fastest CAGR. The aviation industry in North America is expanding rapidly, owing primarily to increased air passenger traffic. Increased disposable income and increased air passenger traffic have resulted in a growing demand for new aircraft deliveries in this region, which has increased demand for aircraft sensors.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Aircraft Sensors Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 4.29 Billion
Market Size by 2030 US$ 6.34 Billion
CAGR CAGR of 5% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By End Use (OEM, Aftermarket)
• By Connectivity(Wired, Wireless), Platform (UAV, EVTOL, Fixed, Rotary)
• By Application (Engine, Door, Environmental Control)
• By Sensor (Pressure, Temperature, Speed, Proximity, Gyro)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Safran Electronic & Defense, Curtiss-Wright Corporation, The Raytheon Company, Zodiac Aerospace, Honeywell International Inc., Ametek Inc., Esterline Technologies Corporation., UTC Aerospace Systems, TE Connectivity Ltd., Thales group, Meggitt PLC.
DRIVERS • Global demand for new aircraft is increasing.
• Increased investment by aircraft manufacturers in connected aircraft
RESTRAINTS • Aviation safety agencies' regulations
• Small or new market participants find it difficult to meet the requirements set by these regulatory authorities, which acts as a barrier for market players, reducing market growth.

Frequently Asked Questions

The market size of the Aircraft Sensors Market was valued at USD 4.29 billion in 2022.

The growth rate of the Aircraft Sensors Market is 5% over the forecast period 2023-2030.

The key players of the Aircraft Sensors Market are Safran Electronic & Defense, Curtiss-Wright Corporation, The Raytheon Company, Zodiac Aerospace, Honeywell International Inc., Ametek Inc., Esterline Technologies Corporation., UTC Aerospace Systems, TE Connectivity Ltd., Thales group, Meggitt PLC.

Increasing global demand for new aircraft and increasing investment by aircraft manufacturers in connected aircraft are the driving factors of the Aircraft Sensors Market.

North America region dominated the Aircraft Sensors Market.

Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8.Aircraft Sensors Market, by End Use

8.1 OEM

8.2 Aftermarket

 

9.Aircraft Sensors Market, by Connectivity

9.1 Wired

9.2 Wireless

 

10.Aircraft Sensors Market, by Platform

10.1 UAV

10.2 EVTOL

10.3 Fixed

10.4 Rotary

 

11.Aircraft Sensors Market, by Application

11.1 Engine

11.2 Door

11.3 Environmental Control

 

12.Aircraft Sensors Market, by Sensor

12.1 Pressure

12.2 Temperature

12.3 Speed

12.4 Proximity

12.5 Gyro

 

13. Regional Analysis

13.1 Introduction

13.2 North America

13.2.1 USA

13.2.2 Canada

13.2.3 Mexico

13.3 Europe

13.3.1 Germany

13.3.2 UK

13.3.3 France

13.3.4 Italy

13.3.5 Spain

13.3.6 The Netherlands

13.3.7 Rest of Europe

13.4 Asia-Pacific

13.4.1 Japan

13.4.2 South Korea

13.4.3 China

13.4.4 India

13.4.5 Australia

13.4.6 Rest of Asia-Pacific

13.5 The Middle East & Africa

13.5.1 Israel

13.5.2 UAE

13.5.3 South Africa

13.5.4 Rest

13.6 Latin America

13.6.1 Brazil

13.6.2 Argentina

13.6.3 Rest of Latin America

 

14.Company Profiles

14.1 Honeywell International Inc.

14.1.1 Financial

14.1.2 Products/ Services Offered

14.1.3 SWOT Analysis

14.1.4 The SNS view

14.2 The Raytheon Company

14.3 Zodiac Aerospace

14.4 Safran Electronic & Defense

14.5 Curtiss-Wright Corporation

14.6 Ametek, Inc.

14.7 Esterline Technologies Corporation.

14.8 UTC Aerospace Systems

14.9 TE Connectivity Ltd.

14.10 Thales group,

14.11 Meggitt PLC.

 

15. Competitive Landscape

15.1 Competitive Benchmarking

15.2 Market Share analysis

15.3 Recent Developments

 

16. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Data Bank Validation

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