Aircraft Sensors Market - Growth, Trends, and Forecasts (2023 - 2028)

The aircraft sensors market was worth USD 1.77 billion in 2019 and is projected to reach USD 2.65 billion by 2025, at a CAGR of 5.88% over the forecast period (2020 - 2025). The innovation in safety and effective handling of aircraft will drive the aircraft sensor market.

Key Highlights

• Aircraft use fly-by-computer systems, where signals from sensors monitor the various activities going on in the flight, such as thrust levels, pedals, and flight stick. The information is then received by flight management systems that control surfaces, like ailerons and flaps.
• In July 2018, Gas Sensing Solutions (GSS) developed a unique carbon dioxide sensing technology, which is expected to drastically improve the air quality in the cabin of aircraft. Honeywell led the project, along with SST Sensing, Gas Sensing Solutions, and National Physical Laboratory.
• Moreover, the increasing integration of the internet of things (IoT) in airplanes, to gain real-time statistics, is raising the utilization and need for sensors to generate more accurate data, which is driving the aircraft sensor market.
• The major challenge would be the manufacturing and the maintenance of these complicated aircraft, which is one of the significant cost incurring component in the industry. To reduce or mitigate this, researchers are testing new sensors to achieve this milestone.

Aircraft Sensors Market Trends

Temperature Sensor to Account for a Significant Share

• Temperature sensors are an integral part of an aircraft. They are incorporated in various parts of the aircraft, such as cabin, brakes, air ducts, inter-stage turbines, and hydraulic lines. The manufacturers have to comply with the industry standards and regulations to commercialize.
• For instance, in July 2018, Airbus introduced whale-faced aircraft, BelugaXL. It is a next-generation aircraft with substantial capacity, which requires several sensors, primarily temperature sensors to regulate the optimum required temperature in the cabin, as well as the cargo space.
• With the increasing number of flight passengers, the manufacturing of commercial aircraft is increasing rapidly across the world. This is expected to propel the usage of temperature sensors in aircraft, thereby fueling the market growth over the forecast period.

North America to Dominate the Aircraft Sensors Market

• In North America, the usage of commercial and business aircraft, as well as military aircraft, is increasing, owing to factors like the high influx of immigrants, working professionals, the region is a major tourist attraction, and to strengthen air defense. This has led to an increase in the frequency of aircraft running, thereby increasing the scheduled maintenance.
• Especially, the US aerospace manufacturers are very competitive internationally. The industry contributed USD 143 billion in export sales to the US economy. The inward stock of FDI into the US aerospace manufacturing industry totaled more than USD 21 billion, depicting the scope for aircraft sensor manufacturers in the region.
• Moreover, United States is making deals with other emerging economies or countries to sell high-end military aircraft, which is likely to boost the market growth over the forecast period.

Aircraft Sensors Market Competitive Analysis

The major companies are TE Connectivity Ltd, Honeywell International Inc., UTC Aerospace Systems, Meggitt PLC, Ametek Inc., Thales Group, General Electric Company, The Raytheon Company, and others. The market is consolidated, as these lead manufacturers are preferred to handle the complex companies' standards. As a result, they take up most of the market share. Therefore, the market concentration for this market is high.

• April 2019: Honeywell is already making black boxes for aircraft. But now Honeywell, with Curtiss-Wright, developed the concept "black box in the sky", which can provide airlines and other users with continuous access to critical flight data and cockpit voice information, even when the aircraft is in flight. This is possible with the help of satellite communications systems connection that provides a 24/7 link between the aircraft and a data center on the ground. In case of an incident, the data can be quickly accessed by the airlines and investigators, who no longer will need to wait for the recorders to be found and can rectify the cause before an accident may happen. This technology will be incorporated in 2021 after multiple tests.

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