The Aircraft Sensors Market Size was valued at USD 4.29 billion in 2022 and is expected to reach USD 6.34 billion by 2030 with a growing CAGR of 5% over the forecast. period 2023-2030.
Technological advances in the aviation industry improve airline and airport operations. From recent years, services in the aviation industry are grown 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.
To get more information on Aircraft Sensors Market - Request Free Sample Report
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.
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.
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
.png)
Need any customization research on Aircraft Sensors Market - Enquiry Now
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
The Major Players 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 and Other Players
Curtiss-Wright Corporation-Company Financial Analysis
| 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. |
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 Segmentation, By End Use
8.1 OEM
8.2 Aftermarket
9. Aircraft Sensors Market Segmentation, By Connectivity
9.1 Wired
9.2 Wireless
10. Aircraft Sensors Market Segmentation, By Platform
10.1 UAV
10.2 EVTOL
10.3 Fixed
10.4 Rotary
11. Aircraft Sensors Market Segmentation, By Application
11.1 Engine
11.2 Door
11.3 Environmental Control
12. Aircraft Sensors Market Segmentation, 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.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
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.
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.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Drone Services Market Size was valued at USD 16.24 billion in 2022 and is expected to reach USD 90.75 billion by 2030 and grow at a CAGR of 24% over the forecast period 2023-2030.
The Hypersonic Weapons Market size was valued at USD 6.7 Billion in 2023 & is estimated to reach USD 15.92 Billion by 2031 and increase at a compound annual growth rate (CAGR) of 11.2% between 2024 and 2031.
The 3D Radar Market Size was valued at USD 1284.62 million in 2022 expected to reach USD 5274.61 million by 2030 with a growing CAGR of 19.31% over the forecast period 2023-2030.
The Special Mission Aircraft Market Size was valued at US$ 16 billion in 2022 and is expected to reach USD 23.28 billion by 2030 with a growing CAGR of 4.8% over the forecast period 2023-2030.
The Delivery Drone Market size was valued at US$ 859.47 million by 2023 and is estimated to reach US$ 14.91 billion by 2031 with a growing CAGR of 42.8% during the period 2024-2031.
The Unmanned Aerial Vehicle Market Size was valued at USD 32.17 billion in 2022 and is expected to reach USD 82.55 billion by 2030 with a growing CAGR of 12.5% over the forecast period 2023-2030.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
