Market Overview
The global aircraft sensors market is likely to grow in a significant way during the forecast period. It is estimated that the target market is increasing from USD 3.8 billion in 2019 to get valued around USD 4.9 billion by 2025, growing at a CAGR of 4.48 % over the forecasted period of 2020 to 2025. A sensor that is installed in an aircraft for flight instruments is known as an aircraft sensor. Tachometers, fuel- and oil-quantity gauges, engine temperature gauges, pressure gauges, altimeters, vertical speed indicators, airspeed-measurement meters, etc., are included in these aircraft sensors.
The growth of this market, globally, owes to the extensive uses of wireless sensors, which results of their contribution towards reducing deployment and maintenance costs of aircraft. Further, the widespread installation of structural health monitoring tools in aircraft is boosting the demand for wireless sensors, which is resulting in the growth of the global aircraft sensors market size.
Recent Developments
• Honeywell International Inc. has announced that it had renewed a revolving credit agreement for $1.5 billion, to be used for general corporate purposes when needed, which was signed with Citibank and JPMorgan Chase.
• Airbus has started investing in communications technology and amended logistical procedures for enabling delivery of aircraft remotely by allowing it to continue handing over jets to customers instead of restrictive measures imposed.
Drivers and Restraints of Aircraft Sensors Market
Growing demand for aircraft with advanced technology, rising commercial aviation industry along with the growing importance of avionics are the significant drivers for the growth of the global aircraft sensors market. Additionally, rapid growth in the tourism industry, majorly for medical purposes, and the requirement for the reduction in air travel time are the factors that are expected to fuel the target market growth over the forecast period.
However, growing concerns regarding cybersecurity is a significant restraint which has turned into a challenge for the global aircraft sensors market.
Furthermore, the ascend in the adoption of the Internet of things (IoT) for applications in aviation and the increase in demand for undammed aerial vehicles for numerous applications are creating some growth opportunities for the market expansion.
Market Segmentation of Aircraft Sensors Market
Based on the platform outlook, the global aircraft sensors market is segmented into Fixed-wing Aircraft, Rotary-wing Aircraft, and UAVs.
Based on the type of sensor, the global aircraft sensors market is segmented into Pressure Sensors, Temperature Sensors, Force Sensors, Torque Sensors, Speed Sensors, Position & Displacement Sensors, Level Sensors, Proximity Sensors, Flow Sensors, Accelerometers, Gyroscopes, Pitot Probes, Radar Sensors, Angle-of-Attack (AoA) Sensors, Altimeter Sensors, Smoke Detection Sensors, GPS Sensors, and Others.
On the outlook of the application, the global aircraft sensors market is segmented into Engines, Doors & Slides, Cabin & Cargo Environmental Controls, Flight Decks & Flight Control, Landing Gears, Wheels & Breaks, and Fuel, Hydraulic & Pneumatic Systems.
In the connectivity outlook, the global aircraft sensors market is segmented as Wired and Wireless.
Based on the fit outlook, the global aircraft sensors market is segmented into OEM and Aftermarket.
Sensors Market Region-wise analysis
• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa
In the regional analysis of the Global Aircraft Sensors Market, the North American market is expected to witness significant growth during the outlook period. The growth of the target market in this region is attributed to the presence of giant aircraft developers includes Lockheed Martin, Boeing, and Bombardier in countries such as the U.S. and Canada. Additionally, the growing aerospace & defense sectors, coupled with the abundant presence of raw material suppliers, sensor manufacturers, and distributors are accelerating the growth of the target market in this region.
And the market in the Asia Pacific region is anticipated to experience a considerable surge owing to the launching of commercial and regional aircraft schemes as well as the presence of the world’s biggest commercial aircraft fleet size in the countries that are in the region. Further, the market in the European region has massive growth and is contributing notably towards the global market size.
Key Players of Sensors Market
The key players that are sensor manufacturers in the aircraft industry are Honeywell International Inc, TE Connectivity Ltd., UTC Aerospace Systems, Zodiac Aerospace, Ametek, Inc., Meggitt Plc, Safran Electronics & Defense, Curtiss-Wright Corporation, and Esterline Technologies Corporation. Whereas the key aircraft OEMs include Boeing Lockheed Martin, Airbus, Bombardier, Embraer, ATR, and Mitsubishi Heavy Industries and the key airline firms are Lufthansa, Air China, Delta Air, and Singapore Airline
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Aircraft Sensors Market, By Platform
6.1.1 Fixed-Wing Aircraft
6.1.2 Rotary-Wing Aircraft
6.1.3 UAVs
6.1.4 Market Size Estimations & Forecasts (2019-2024)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Aircraft Sensors Market, By Sensor Type
6.2.1 Pressure Sensors
6.2.2 Temperature Sensors
6.2.3 Force Sensors
6.2.4 Torque Sensors
6.2.5 Speed Sensors
6.2.6 Position & Displacement Sensors
6.2.7 Level Sensors
6.2.8 Proximity Sensors
6.2.9 Flow Sensors
6.2.10 Accelerometers & Gyroscopes
6.2.11 Market Size Estimations & Forecasts (2019-2024)
6.2.12 Y-o-Y Growth Rate Analysis
6.2.13 Market Attractiveness Index
6.3 Aircraft Sensors Market, By Application
6.3.1 Engines
6.3.2 Doors & Slides
6.3.3 Cabin & Cargo Environmental Controls
6.3.4 Flight Decks & Flight Control
6.3.5 Landing Gears
6.3.6 Wheels & Breaks
6.3.7 Fuel, Hydraulic & Pneumatic Systems
6.3.8 Market Size Estimations & Forecasts (2019-2024)
6.3.9 Y-o-Y Growth Rate Analysis
6.3.10 Market Attractiveness Index
6.4 Aircraft Sensors Market, By Connectivity
6.4.1 Wired
6.4.2 Wireless
6.4.3 Market Size Estimations & Forecasts (2019-2024)
6.4.4 Y-o-Y Growth Rate Analysis
6.4.5 Market Attractiveness Index
6.5 Aircraft Sensors Market, By Fit Type
6.5.1 OEM
6.5.2 Aftermarket
6.5.3 Market Size Estimations & Forecasts (2019-2024)
6.5.4 Y-o-Y Growth Rate Analysis
6.5.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Platform
7.2.3 By Sensor Type
7.2.4 By Application
7.2.5 By Connectivity
7.2.6 By Fit Type
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Platform
7.3.3 By Sensor Type
7.3.4 By Application
7.3.5 By Connectivity
7.3.6 By Fit Type
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Platform
7.4.3 By Sensor Type
7.4.4 By Application
7.4.5 By Connectivity
7.4.6 By Fit Type
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Platform
7.5.3 By Sensor Type
7.5.4 By Application
7.5.5 By Connectivity
7.5.6 By Fit Type
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Platform
7.6.3 By Sensor Type
7.6.4 By Application
7.6.5 By Connectivity
7.6.6 By Fit Type
8. Key Player Analysis
8.1 Honeywell International Inc
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 TE Connectivity Ltd
8.3 UTC Aerospace Systems
8.4 Zodiac Aerospace
8.5 Ametek, Inc.
8.6 Meggitt Plc
8.7 Safran Electronics & Defense
8.8 Curtiss-Wright Corporation
8.9 Esterline Technologies Corporation
8.10 Airbus
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
