Aircraft Sensors Market

Global Aircraft Sensors Market Size (2023 to 2028)

The global aircraft sensors market size is expected to be worth USD 3.80 Billion in 2023. It is expected to grow at a CAGR of 4.48% during the forecast period and reach a value of USD 4.73 Billion by 2028.

Aircraft sensors play a significant role in ensuring the safety of the plane and passengers during the traveling. Numerous sensors continuously monitor the parameters by sending data to the flight computers for processing before the pilot's observation.

Global Aircraft Sensors Market Drivers:

Growing sensor usage for measurement and data sensing is driving the growth of the aircraft sensors market. An improved focus is placed on the development of More Electric Aircraft (MEA), which has forced aircraft OEMs to collaborate with suppliers to design and develop new electric-intensive aircraft architecture. Electrical actuation systems offer safer, environmentally friendly alternatives to conventional hydraulic fluids, thus leading to increased demand for electrical sensor solutions and driving the market for aircraft sensors.

The growing IoT adoption and digitalization are further propelling the aircraft sensors market. The Internet of Things (IoT) enables the networking of several actuators with varying capacities to facilitate communication and perform a range of functions that would be impractical for individual actuator types to perform independently. For instance, Pratt & Whitney utilizes IoT technology in airplane engines to enhance efficiency, while electrical appliances such as actuators can benefit from IoT for seamless communication and movement. Artificial intelligence and predictive servicing will significantly enhance the capabilities of sensors. With the help of machine learning and AI, sensors can better perform proactive maintenance and real-time analysis. Thus, airlines can arrange preventative repairs in advance and avoid expensive downtime with this technology. Data management and sensor fusion will expand the aircraft sensors market growth. Advancements in data analysis and collection will enable it to provide the optimal flying experience by enabling us to communicate the appropriate information to the appropriate stakeholders at the appropriate moment.

Growing demand for aircraft with advanced technology, the rising commercial aviation industry, and the growing importance of avionics are 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.

Global Aircraft Sensors Market Restraints:

Problems with sensor calibration are hindering the growth of the aircraft sensor market. These challenges come with sensor drift, noise, nonlinearity, sensor mismatch, and failure. Sensor drift can produce inaccurate data and judgments, which compromises the functionality and safety of the control system. High cost and complex integration are impeding the global market growth. Budget airlines and smaller players may find it more difficult to incorporate modern technologies such as artificial intelligence and advanced materials due to their cost. Hence, wider acceptance depends on achieving a balance between desired features and cost.

Harsh environments are a major challenge faced by the aircraft sensors market. Standard sensors tend to function poorly in these circumstances, particularly outside of the temperature range of -40 degrees to +125 degrees. As a result, sensors made expressly for these situations must be resilient and strong enough to endure harsh circumstances. Complex laws and regulations are another factor restricting the growth in the market share. Aviation manufacturers, financiers, and lessors face uncertainty due to the intricate regulatory framework that oversees many parts of the industry in India. This may discourage innovation and investment in the industry.

Impact of COVID-19 on the global aircraft sensors market:

The aircraft sensors market was severely affected by the COVID-19. The demand for aircraft sensors was significantly disrupted because of flight activity restrictions for more than a quarter and the delays in many aircraft orders. Leading aerospace companies like Boeing and Airbus SAS reduced their production and deliveries, which had a substantial impact on the market growth. The manufacturing of sensor devices was hampered by the entire aircraft sensor supply chain. It is anticipated that the market will rebound in the coming years.

REPORT COVERAGE:

This research report on the global aircraft sensors market has been segmented and sub-segmented based on the platform, type, application, connectivity, fit type, & region.

Global Aircraft Sensors Market - By Platform:

• Fixed-Wing Aircraft
• Rotary-Wing Aircraft
• UAVs

Based on the platform, the fixed-wing aircraft segment had the largest share of the global market in 2022 and the domination of the segment is expected to continue throughout the forecast period. Fixed-wing aircraft include cargo planes, turboprops, and private and commercial jets.

The UAV segment is anticipated to account for a notable share of the worldwide market during the forecast period. Compared to rotary wings and UAVs, this has a bigger market, which raises the demand for sensors in various categories. However, the use of UAVs is drastically increasing both in the commercial and military sectors. These are not as sophisticated as fixed-wing aircraft but still employ different sensors such as GPS, gyroscopes, and cameras for data collecting, obstacle avoidance, and navigation.

Global Aircraft Sensors Market - By Type:

• Pressure Sensors
• Temperature Sensors
• Force Sensors
• Torque Sensors
• Speed Sensors
• Position & Displacement Sensors
• Level Sensors
• Proximity Sensors

Based on type, the proximity sensors segment is anticipated to hold a major share of the global market in the coming years. These sensors can sense objects electrically without causing abrasion or damage. With a temperature range of -40 degrees Celsius to 200 degrees Celsius, these are highly adaptable. Its popularity in the aviation sector is fuelled by the capability of proximity sensors to be integrated into a wide range of aircraft systems, including landing gear, aircraft doors, escape slide locks, cargo loading systems, and thrust reverser actuation systems.

Global Aircraft Sensors Market – By Application:

• Engines
• Doors & Slides
• Cabin & Cargo Environmental Controls
• Flight Decks & Flight Control
• Landing Gears
• Wheels & Breaks
• Fuel & Hydraulic
• Pneumatic Systems

Based on application, the flight decks and flight control segment is expected to grow at the highest CAGR during the forecast period. Due to their improved control, ergonomic design, and compatibility with automated systems, sidesticks are currently employed by Airbus, COMAC, and Heart Aerospace, which demonstrates the advancement of flight deck design.

Global Aircraft Sensors Market – By Connectivity:

• Wired
• Wireless

Based on connectivity, the wireless segment led the aircraft sensors market in 2022 and is anticipated to account for the major share of the worldwide market during the forecast period. Wireless sensor networks offer operational benefits like lower wiring costs, reduced weight, and greater flexibility for airplane deployment under Clean Sky programs by the European Union, like Smart Fixed Wing Aircraft, which is driving the market. The technology reduces costs and weight by enabling the installation of sensors on planes, detecting heat and stress near their source, thereby improving plane testing and maintenance.

Global Aircraft Sensors Market – By Fit Type:

• OEM
• Aftermarket

Based on the fit type, the OEM segment is projected to flourish at the fastest CAGR during the forecast period. The need for aircraft sensors is predicted to rise in these regions because of a growing demand for diverse aircraft types brought on by an increase in air traffic.

Global Aircraft Sensors Market – By Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

North America is dominating the aircraft sensors market owing to advancements in technology and widespread usage of UAVs. The immense number of people traveling for business and pleasure is increasing the demand for aircraft fleets. It is predicted that the aviation industry's adoption of automation techniques will promote market growth. Technological developments in microelectromechanical systems (MEMS) will have a major influence on the redesigned aviation sensor landscape.

The European aircraft sensors market also presents enormous opportunities for the aviation engine industry to grow because of the presence of major aerospace engine companies in the region and their contractual ties with several aircraft manufacturers. The market continues to be reshaped by trends and developments, even as recent years have witnessed a focus on digitalization, automation, and enhanced maintenance. More sophisticated techniques and procedures are produced as a result of the requirement for fuel economy as well as advancements in digitalization and new materials.

Asia Pacific will expand at an exponential rate during the forecast period due to rising aviation industries in India, Vietnam, Indonesia, and Thailand. These nations are experiencing an increase in air traffic, which adds to the fleet's growth in the area. The expansion of the fleet will also benefit the region's aftermarket services. These elements are anticipated to fuel market expansion in these areas.

Middle East and Africa is projected to increase its share in the aircraft sensors market in the coming years. The rising geographic and ethnic disputes and security concerns in the region have boosted the demand for specific needs in the military and aerospace sensors industry. Large defense budgets are maintained by countries like Saudi Arabia and the United Arab Emirates, which have spiked spending on early warning radar and surveillance systems. These sensors are necessary for protecting critical maritime routes, as well as for air and missile defense.

The Latin American aircraft sensors market is estimated to head forward at a steady pace in the future. Growing middle-class demand, modernizing fleets, and rising investments in aviation infrastructure are major factors for the market to grow in this region.

KEY MARKET PLAYERS:

The major players in the aircraft sensors market are Honeywell International Inc., TE Connectivity Ltd., UTC Aerospace Systems, Zodiac Aerospace, Ametek, Inc., Meggitt Plc, Safran Electronics & Defense, Curtiss-Wright Corporation, Esterline Technologies Corporation, Boeing Lockheed Martin, Airbus, Bombardier, and Embraer

RECENT HAPPENINGS IN THE MARKET:

• In September 2023, Honeywell and Civitanavi Systems introduced a new inertial measurement unit for commercial and defense customers worldwide. The high bandwidth, low noise, high performance, and tactical grade inertial measurement units in the HG2800 family are designed for pointing, stabilization, and short-duration navigation aboard both military and commercial aircraft.
• In November 2023, Airspace Link HBCplus, a configurable satellite connectivity option for Airbus aircraft, was selected by Emirates, Air Algeria, and Air India, leading to three further agreements being signed by Airbus. The European aircraft manufacturer reports that a total of 71 aircraft were ordered, comprising 60 Airbus A380s from Emirates, five A330neos from Air Algeria, and six A350-900s from Air India.