PUBLISHER: The Business Research Company | PRODUCT CODE: 1526876
PUBLISHER: The Business Research Company | PRODUCT CODE: 1526876
Aircraft sensors are electronic devices designed to detect and quantify physical phenomena within an aircraft's environment, including temperature, pressure, speed, and altitude. They provide real-time data to pilots and flight control systems, ensuring safe and efficient flight operations, as well as monitoring the aircraft's performance and navigation during flight.
The primary types of aircraft sensors include temperature, pressure, position, flow, torque, radar, accelerometer, proximity, and others. Temperature sensors measure temperature variations in a specific environment or object and are utilized across various aircraft types, including narrow-body, wide-body, very large aircraft, regional aircraft, general aviation, helicopters, military aircraft, and unmanned aerial vehicles (UAVs). These sensors offer connectivity options such as wired and wireless and find applications in engine, door, and environmental control systems. They serve both original equipment manufacturers (OEMs) and aftermarket purposes.
The aircraft sensors market research report is one of a series of new reports from The Business Research Company that provides aircraft sensors market statistics, including the aircraft sensors industry global market size, regional shares, competitors with the aircraft sensors market share, detailed aircraft sensors market segments, market trends, and opportunities, and any further data you may need to thrive in the aircraft sensors industry. These aircraft sensors market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The aircraft sensors market size has grown strongly in recent years. It will grow from $4.50 billion in 2023 to $4.87 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth observed during the historic period can be attributed to several factors, including miniaturization and enhanced functionality expanding sensor applications, mandated safety standards driving sensor integration, increased demand necessitating advanced sensor systems, sensors monitoring emissions, optimizing engine performance, and innovations in the defense sector influencing commercial sensor development.
The aircraft sensors market size is expected to see strong growth in the next few years. It will grow to $6.7 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The anticipated growth in the forecast period can be attributed to several factors, including the increasing use of autonomous aircraft requiring advanced sensor suites for navigation and obstacle detection, the integration of AI and machine learning to enhance sensor intelligence enabling predictive maintenance and adaptive control, the growth of electric propulsion necessitating specialized sensors for monitoring powertrain components and battery health, the demand for real-time structural and engine health monitoring driving sensor development, and the rise of urban air mobility requiring precise navigation and collision avoidance sensors for safe operations in densely populated areas. Key trends expected during this period encompass increased precision and distance in data gathering, enhanced environmental monitoring and resource assessment capabilities, real-time data processing for improved operational efficiency, comprehensive insights from multiple sensor data sources, and enhanced protection of sensor data from cyber threats.
The aircraft sensors market is poised for growth, driven by the increasing production and delivery of new aircraft. Aircraft, including airplanes, helicopters, and drones, are crucial for air travel, and their production and delivery are on the rise to meet the growing demand from airlines seeking fleet modernization, route expansion, and increased passenger travel globally. Aircraft sensors play a vital role in ensuring the safety and efficiency of aircraft operations. For example, Airbus SE reported delivering 661 commercial aircraft to 84 customers in 2022, marking an 8% increase from the previous year's 611 units sold. This trend underscores the significant contribution of new aircraft production to the expansion of the aircraft sensors market.
Key players in the aircraft sensors market are concentrating on developing advanced sensor technologies, such as micro-electro-mechanical systems (MEMS) accelerometers, to offer high-performance navigation solutions for aerospace applications and gain a competitive advantage. MEMS accelerometers are precision devices that aid in determining an aircraft's velocity and orientation, essential for navigation and control systems. Honeywell, a US-based aerospace company, introduced the MV60 in March 2022, a new precision navigation sensor featuring MEMS accelerometer technology. The MV60 offers exceptional performance and reliability in a compact and rugged design suitable for aerospace, industrial, and marine applications. It provides accurate acceleration measurements for navigation systems and inertial measurement units, with features such as shock survivability up to 5,000 g and a bandwidth exceeding 300 Hz, ensuring reliable operation under demanding conditions.
In September 2021, FLYHT Aerospace Solutions, a Canada-based provider of real-time aircraft intelligence and cockpit communications, acquired the water vapor sensing system (WVSS-II) product line from SpectraSensors Inc. for $500 million. This strategic acquisition enhances FLYHT's capabilities in airborne weather observation and strengthens its position in the aircraft sensors market. SpectraSensors Inc., based in the US, specializes in manufacturing precision optical laser-based gas analyzers and aircraft sensors, including atmospheric water vapor sensing systems.
Major companies operating in the aircraft sensors market are General Electric Company, United Technologies Corporation, The Raytheon Company, Lockheed Martin Corporation, Schneider Electric SE, Honeywell International Inc., BAE Systems, Safran Electronic & Defense, Eaton Corporation, Thales Group, Collins Aerospace, TE Connectivity Ltd., Parker Hannifin Corporation, Amphenol Corporation, Ametek Inc., General Atomics Corporation, Crane Aerospace & Electronics, Curtiss-Wright Corporation, Woodward Inc., Esterline Technologies Corporation, Stellar Technology, Avidyne Corporation, Hydra-Electric Company, PCB Piezotronics Inc., Custom Control Sensors LLC
North America was the largest region in the aircraft sensors market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the aircraft sensors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The aircraft sensors market consists of sales of level sensors, and speed used in aircraft. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Aircraft Sensors Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on aircraft sensors market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for aircraft sensors ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The aircraft sensors market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.