USD 1.19 billion
Global Aircraft Sensors Market Size, Share, Growth Analysis, By Type(Force Sensors, Proximity sensors), By Platform(UAVs, Rotary-wing Aircraft) - Industry Forecast 2024-2031
Report ID:
SQMIG20A2207 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
68 |
Figures:
69
Global Aircraft Sensors Market Insights
Aircraft Sensors Market size was valued at USD 1.19 billion in 2021 and is poised to grow from USD 1.33 billion in 2022 to USD 3.38 billion by 2030, growing at a CAGR of 12.34% in the forecast period (2023-2030).
The aircraft sensors market is driven by the increasing demand for technologically advanced aircraft, replacing aging fleets, and the adoption of wireless sensors in commercial and military sectors. The aircraft sensors market experiences growth due to several factors. Aircraft Sensors are essential components integrated into aircraft to control, monitor, and aid navigation. They include flight instruments like engine temperature gauges, tachometers, and fuel and oil gauges. Detecting irregularities, these sensors prevent potential disasters. With the introduction of electronic sensors, precise feedback ensures better system control. Utilizing pressure, temperature, proximity, and other types, these sensors find wide applications in various tasks
Additionally, defense funding and the emergence of IoT, AI, and big data analytics contribute to market growth. Advancements in MEMS technology and the use of UAVs in global military operations further fuel the market.
US Aircraft Sensors Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Fixed-wing Aircraft
Fastest Growth
Fixed-wing Aircraft
Growth Rate
12.34% CAGR
Global Aircraft Sensors Market ($ Bn)
Country Share for North America Region (%)
Global Aircraft Sensors Market By Platform ($ Bn)
Global Aircraft Sensors Market By Platform (%)
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Global Aircraft Sensors Market Segmental Analysis
The global aircraft sensors market is segmented on the basis of Type, Platform, Application, and region. By Type, the market is segmented into Force Sensors, Proximity sensors, Position & Displacement Sensors, Pressure Sensors, Speed Sensors, Temperature Sensors, Torque Sensors, and Others. By Platform, the market is segmented into UAVs, Rotary-wing Aircraft, and Fixed-wing Aircraft. By Application, the market is segmented into Cabin & Cargo Environmental Controls, Flight Decks & Flight Control, Fuel, Hydraulic & Pneumatic Systems, Landing Gears, Wheels & Brakes, and Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Aircraft Sensors Market Analysis By Type
“Temperature sensors” are considered the most dominant segment. These sensors play a crucial role in monitoring and controlling the engine temperature, cabin temperature, and other critical temperature parameters to ensure safe and efficient aircraft operations.
On the other hand, “Proximity sensors” stand out as the fastest-growing segment in the aircraft sensor market. These sensors detect the presence or absence of an object within a certain range and are becoming increasingly essential for various aircraft applications, including collision avoidance systems, landing gear proximity detection, and obstacle detection, contributing to their rapid growth in the industry.
Aircraft Sensors Market Analysis By Platform
Fixed-wing aircraft, including commercial airliners, cargo planes, and business jets, have been in operation for decades and are widely used across various industries. Therefore, the “Fixed-wing aircraft” dominates the market. The demand for sensors in fixed-wing aircraft is consistently high due to their extensive use in critical flight operations, navigation, and monitoring systems.
On the other hand, the fastest-growing segment in the aircraft sensors market is expected to be “UAVs (Unmanned Aerial Vehicles)”. UAVs have gained immense popularity in recent years due to their versatility and wide range of applications in military, surveillance, mapping, agriculture, and other sectors. As technology advances, UAVs are becoming more sophisticated, capable, and accessible, driving the demand for advanced sensors to support their operations. The increasing adoption of UAVs for various tasks and the ongoing research and development efforts in this sector are likely to fuel rapid growth in the demand for sensors tailored for UAV platforms.
Global Aircraft Sensors Market By Platform, 2023 (%)
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Global Aircraft Sensors Market Regional Insights
The global aircraft sensors market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Among these regions, “North America” holds the largest market share. In North America, the avionics industry is well-established and technologically advanced, making it the dominant region for aircraft sensors. North America is home to major aircraft manufacturers, airlines, and defense contractors, driving the demand for sophisticated and reliable sensors for various aircraft systems.
On the other hand, Asia Pacific is considered to be the fastest growing region. The region's rapid economic development has led to increased air travel, bolstering the demand for new aircraft and retrofitting existing ones with advanced sensor technologies. Furthermore, a rising defense budget in several countries is contributing to the growth of military aviation, requiring cutting-edge sensors for enhanced performance and safety.
Global Aircraft Sensors Market By Geography, 2024-2031
- Largest
- Fastest
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Global Aircraft Sensors Market Dynamics
Aircraft Sensors Market Drivers
Technological Advancements and Demand for Advanced Aircraft
- The continuous advancements in technology have led to the development of more sophisticated and advanced aircraft. The increasing demand for these modern aircraft, which are equipped with state-of-the-art sensor systems, drives the demand for aircraft sensors.
Growing Adoption of Unmanned Aerial Vehicles (UAVs):
- The rising use of UAVs in various applications, including military surveillance, agriculture, and surveying, creates a significant demand for aircraft sensors. UAVs rely on a variety of sensors to ensure safe and efficient operation, contributing to the growth of the aircraft sensors market.
Aircraft Sensors Market Restraints
High Initial Costs and Integration Challenges:
- The installation and integration of advanced sensor systems in aircraft can be costly and complex. As a result, aircraft manufacturers and operators may face challenges in adopting these technologies, particularly in the case of older aircraft or budget constraints.
Stringent Regulatory Standards and Certification:
- The aviation industry is subject to stringent safety regulations, and aircraft sensors must meet rigorous certification standards. Obtaining the necessary approvals and certifications can be time-consuming and expensive, potentially impeding the adoption of new sensor technologies in the market.
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Global Aircraft Sensors Market Competitive Landscape
The global aircraft sensors market features intense competition among key players vying for market share. Major companies are investing in research and development to introduce innovative sensor technologies and gain a competitive edge. Collaborations, partnerships, and mergers are common strategies employed to expand their market presence and global reach. Additionally, companies focus on providing customized solutions and comprehensive sensor packages to meet diverse aviation requirements. Quality, reliability, and compliance with stringent safety regulations are critical factors influencing the competitive landscape. The market also witnesses continuous efforts to improve sensor efficiency, accuracy, and data analytics capabilities, enhancing their appeal to airlines and aircraft manufacturers.
Aircraft Sensors Market Top Player’s Company Profile
- Honeywell International, Inc. (The U.S.)
- Ametek, Inc. (The U.S.)
- General Electric Company (The U.S.)
- Meggitt PLC (The U.K.)
- Safran S.A. (France)
- Woodward Inc. (The U.S.)
- Thales Group (France)
- Zodiac Aerospace (France)
- Curtiss-Wright Corporation (The U.S.)
- Schneider Electric SE (France)
- General Atomics Corporation (The U.S.)
- The Raytheon Company (The U.S.)
- TE Connectivity (Switzerland)
- Lockheed Martin Corporation (The U.S.)
Aircraft Sensors Market Recent Developments
- In July 2022, TT Electronics and Honeywell Aerospace formed a partnership to develop next-generation inertial navigation units for aerospace and military applications, aimed at improving navigation and flight control operations.
- In August 2022, Lockheed Martin secured a contract from the US Navy to develop the F-35 Joint Strike Fighter program for the UK, Canada, and Australia. The contract focuses on upgrading the data center of the F-35s to enhance the development of mission data files derived from the extensive array of sensors and systems on the aircraft. This agreement is expected to bolster Lockheed's reputation in the military segment and attract global interest in its advanced product portfolio.
- In February 2023, Northrop Grumman Corporation initiated the integration and testing of the new ultra-wideband Electronically-Scanned Multifunction Reconfigurable Integrated Sensor (EMRIS). The EMRIS system is designed to enable military forces to make faster decisions and act collectively. Its scalable and reconfigurable architecture allows for versatile mounting configurations, making it applicable across various platforms and domains, including aircraft.
Global Aircraft Sensors Key Market Trends
Advancements in Sensor Technology:
- The aviation industry has been experiencing significant advancements in sensor technology. Newer sensors are becoming more accurate, reliable, and capable of collecting vast amounts of data in real-time. These sensors are equipped with enhanced features such as higher precision, improved durability, and increased sensitivity. Advancements in sensor technology have enabled better monitoring and control of various aircraft parameters, leading to enhanced safety, improved maintenance practices, and increased operational efficiency.
Integration of IoT and AI in Aviation Sensors:
- The integration of the Internet of Things (IoT) and Artificial Intelligence (AI) has been a notable trend in the aviation sensors market. IoT allows the seamless connection of different sensors within an aircraft, enabling efficient data sharing and analysis across various systems. AI-based algorithms can process the massive volume of data collected by sensors to provide valuable insights, predictive maintenance, and real-time decision-making support. This integration has led to the development of smart aircraft systems, where sensors communicate and cooperate with each other, leading to optimized performance and enhanced safety.
Global Aircraft Sensors Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global aircraft sensors market analyses, the expanding global aviation industry, fueled by the rising demand for efficient and safer aircraft operations are the key growth drivers. The increasing adoption of advanced sensor technologies, such as LiDAR and infrared sensors, has enhanced navigation and surveillance capabilities. Additionally, the growing emphasis on real-time data collection and analysis for predictive maintenance and optimization has further boosted market growth. However, the industry faces challenges such as stringent regulations, high development costs, and the need for reliable sensor integration with existing aircraft systems. Overcoming these hurdles will be crucial to sustaining the upward trajectory of the aviation sensors market in the future.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.19 billion |
| Market size value in 2031 | USD 3.38 billion |
| Growth Rate | 12.34% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Aircraft Sensors Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Aircraft Sensors Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Aircraft Sensors Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Aircraft Sensors Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Aircraft Sensors Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Aircraft Sensors Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Aircraft Sensors Market Report Snapshots
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