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Aircraft Sensors Market
Aircraft Sensors Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis: 2023-2028
"The global aircraft sensors market was estimated at USD 1.1 billion in 2022 and is likely to grow at a CAGR of 10.5% during 2023-2028 to reach USD 2.2 billion in 2028."
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Aircraft sensors provide critical information to pilots for aircraft safety. In an aircraft cabin, 100 to 300 sensors are employed, with roughly 11 major types of sensors present to detect and measure various outputs from aircraft systems and any fault/damage as soon as feasible for safety and smooth operations. With the world's fastest-growing contemporary aircraft, there is an unceasing demand for robust and reliable aircraft sensors.
Some common types of sensors found on aircraft include - Pressure Sensors, Temperature Sensors, Position Sensors, Force/Torque Sensors, Inertial Sensors, etc.
The demand for sensors in the aircraft industry is highly subject to the production of aircraft. The industry had been witnessing excellent growth till 2018. After 2018, the industry faced several setbacks one after another, and is still under the water and making efforts to bring back its growth trajectory.
The COVID-19 pandemic had a significant impact on the aircraft sensors market, causing a decline of over 45% in 2020. Despite hopes for a market recovery in 2021, demand continued to decline by 7%. This has had a major impact on industry stakeholders. The industry registered a steep recovery from 2022 onwards, especially on both fronts: OE as well as aftermarket.
Factors that are likely to help industry stakeholders rejuvenate the aircraft sensors market are –
Overall, the aircraft sensors market is driven by a combination of technological advancements, regulatory requirements, and the need for improved operational efficiency and safety in the aviation industry.
|
Segmentations |
List of Sub-Segments |
Dominant and Fastest-Growing Segments |
|
Aircraft Type |
Commercial Aircraft, General Aviation, Regional Aircraft, Military Aircraft, Helicopter, and Unmanned Aerial Vehicle |
Commercial aircraft is expected to remain the dominant aircraft type in the market. |
|
Sensor Type |
Pressure Sensor, Temperature Sensor, Position Sensor, Force/Torque Sensor, Inertial Sensor, and Others |
Pressure sensors continue holding market dominance. High preference for pressure sensors in the landing gear, flight control systems, and engine applications. |
|
Application Type |
Engine; Landing Gear, Wheels & Brakes; Flight Control Systems; Cabin, Cargo & ECS; and Others |
Engine is expected to remain the biggest demand generator for sensors in the years to come. |
|
End-User Type |
OE and Aftermarket |
OE is to remain the dominant end-user type. |
|
Regional Basis |
North America, Europe, Asia-Pacific, and RoW |
North America is estimated to dominate the market, owing to the presence of numerous tier players, OEMs, and aircraft sensor manufacturers in the region. |
The market is segmented into commercial aircraft, general aviation, regional aircraft, military aircraft, helicopters, and unmanned aerial vehicles. Commercial aircraft is expected to remain the dominant aircraft type in the market during the forecast period owing to a relatively large number of sensors used for different applications in commercial aircraft. An expected increase in air passenger traffic coupled with an expected ramp-up in production rates of key aircraft programs and upcoming aircraft programs are likely to create huge growth opportunities in the commercial aircraft sensors market in the foreseen years.
The market is segmented into pressure sensors, temperature sensors, position sensors, force/torque sensors, inertial sensors, and others. The pressure sensor is expected to remain the dominant as well as the fastest-growing sensor type in the market during the forecast period, owing to their high usage in flight control systems, engine, cabin, and landing gear, wheels, & brakes applications, etc.
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The market is segmented into the engine, landing gear, wheels & brakes, flight control systems, cabin, cargo & ECS, and others. The engine is expected to remain the dominant application type in the market during the forecast period. The engine is the most critical section of an aircraft and contains several sensitive areas where high fluctuation in temperature and pressure exists.
North America is expected to remain the largest market for aircraft sensors and it held a revenue share of more than 40% in 2022, due to the presence of a large number of raw material suppliers, tier players, OEMs, and sensor manufacturers, making the region a growth engine of the aircraft industry.
Asia-Pacific is projected to witness the highest growth in the market over the next five years with the increasing focus of industry stakeholders to expand in emerging economies such as India and China. The region is expected to occupy ~38% share of the world's aircraft fleet in the next twenty years.
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The market is populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc.
The following are the key players in the aircraft sensors market.
Note: The above list does not necessarily include all the top players in the market.
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Recent Market JVs and Acquisitions:
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 market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the market covering a period of 12 years of trend and forecast. 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 aircraft sensors market is segmented into the following categories:
By Aircraft Type
By Sensor Type
By Application Type
By End-User Type
By Region
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft sensors market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a 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 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.
The aircraft sensors market is estimated to grow at a CAGR of 10.5% by 2028, driven by an expected increase in air passenger traffic, aircraft fleet size, upcoming aircraft programs, and growing demand for sensors in UAVs.
TE Connectivity, Thales Group, Honeywell International Inc., Safran S.A., Meggitt PLC, Curtiss-Wrights Corporation, Ametek Inc., Transdigm Group, Inc. (Auxitrol Weston), Woodward Inc., and Sensata Technologies Inc. are the leading players in the aircraft sensors market.
North America is estimated to remain dominant in the aircraft sensors market in the foreseen future. The USA remains the most preferred manufacturing destination for companies engaged in the aerospace business. Sensor business is no exception with several companies having a presence in the region to cater to the huge market.
Asia-Pacific is likely to grow at the fastest pace in the years to come, driven by China, India, Japan, and Singapore. The growing presence of the leading companies in the region is creating gargantuan opportunities for the industry stakeholders in the region. Furthermore, a high focus on the leading Asian economies towards the development of aircraft programs indigenously is adding a stir to the regional growing sensor demand.
Engine is expected to be the dominant application type in the market, driven by an increased number of sensors used in engines.
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