Aircraft Sensors Market
This report, from Stratview Research, studies the global aircraft sensors market over the period 2017 to 2022. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The Global Aircraft Sensors Market: Highlights
The global aircraft sensors market offers attractive growth opportunities in the entire ecosystem of the market. The global aircraft sensors market is expected to grow at a healthy CAGR of 5.8% over the next five years to reach US$ 2.1 billion in 2022. Increasing production rates of key commercial aircraft programs, the introduction of variants of the best-selling aircraft programs, market entry of players, rising aircraft fleet size, increasing electronic components in the next-generation aircraft, and high focus on passenger safety and fuel efficiency are major growth drivers of the global aircraft sensors market.
The global aircraft sensors market is segmented based on the aircraft type as narrow-body aircraft, wide-body aircraft, very large aircraft, regional aircraft, general aviation, helicopter, military aircraft, and UAV. Narrow-body aircraft is expected to remain the largest segment of the global aircraft sensors market during the forecast period, propelled by increasing aircraft deliveries to support rising passenger and cargo traffic, the introduction of variants of existing programs, and rising commercial aircraft fleet size. Airbus anticipated that approximately 34,900 commercial aircraft will be delivered during 2017-2036. This will create a sustainable demand for sensors during the forecast period.
Based on the application type, the global aircraft sensors market is segmented as engine, airframe, flight deck & control system, fluid conveyance, landing gear, environment control system, interior, and others. Flight deck & control system is projected to remain the most dominant application type in the global aircraft sensors market during the forecast period, propelled by rising aircraft deliveries, higher usage of sensors in the flight deck & control systems, and increased incorporation of avionics in the next-generation aircraft.
Based on the regions, North America is expected to remain the largest market for aircraft sensors during the forecast period as the region is the manufacturing capital of the aerospace & defense industry with the presence of several large- to small-sized aircraft OEMs, engine OEMs, tier players, sensor manufacturers, distributors, and raw material suppliers. Asia Pacific is expected to grow at the highest rate over the next five years, owing to upcoming commercial and regional aircraft programs and the world’s largest commercial aircraft fleet size.
The supply chain of this market comprises raw material suppliers, sensor manufacturers, distributors, tier players, aircraft OEMs, and airline companies. The key aircraft OEMs are Boeing, Airbus, Lockheed Martin, Bombardier, Embraer, ATR, and Mitsubishi Heavy Industries and key airline companies are Lufthansa, Delta Air, Air China, and Singapore Airlines.
The key sensor manufacturers for the aircraft industry are Honeywell International Inc, TE Connectivity Ltd., UTC Aerospace Systems, Zodiac Aerospace, Ametek, Inc., Meggitt Plc, Safran Electronic & Defense, Curtiss-Wright Corporation, and Esterline Technologies Corporation. New product development, the formation of long-term contracts, and a wide geographical presence are some of the key strategies adopted by the key players to gain a competitive edge in the market.
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 700 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. More than 10 detailed primary interviews with the market players across the value chain in the all four regions and industry experts are usually executed to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
The aircraft sensors market is segmented into the following categories.
Global Aircraft Sensors Market by Aircraft Type:
Global Aircraft Sensors Market by Sensor Type:
Global Aircraft Sensors Market by Application Type:
Global Aircraft Sensors Market by Connectivity Type:
Global Aircraft Sensors Market by Region:
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
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