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  • Aircraft Sensors Market Forecast Analysis | 2023-2028

    Aircraft Sensors Market Forecast Analysis | 2023-2028

    Aircraft Sensors Market Forecast Analysis | 2023-2028
    Report code - SRAD147 Published On : Dec,2022 No. of Pages: 130
    Aircraft Sensors Market Size, Share, Trend, Forecast Analysis, and Growth Opportunity: 202 See more...

    Market Highlights

    The aircraft sensors market was estimated at USD 1.1 billion in 2022 and is likely to grow at a promising CAGR of 10.5% during 2023-2028 to reach USD 2.2 billion in 2028.

    Aircraft-Sensors-Market-Insights

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    What are aircraft sensors?

    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.

    Aircraft Sensors Market Report Highlights

    Market Size in 2022

    USD 1.1 billion

    Market Size in 2028

    USD 2.2 billion

    Market Growth (2023-2028)

    10.5% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

     

    Market Dynamics

    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 sensors market are –

    • Increasing production rates of key aircraft programs.
    • Expected market entry of COMAC C919, Irkut MC-21, and Boeing B777x.
    • Rising aircraft fleet size.
    • Growing acceptance of sensors, in unmanned aerial vehicles.
    • Improved sensors in aviation to monitor different physical quantities.
    • Advancement in sensors with wireless smart sensors and smart skin technologies to detect damage in an aircraft, etc.

    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.

    Aircraft-Sensors-Market-Dynamics

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    Key Players

    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.

    • TE Connectivity
    • Thales Group
    • Honeywell International Inc.
    • Safran S.A.
    • Meggitt PLC
    • Curtiss-Wrights Corporation
    • Ametek Inc.
    • Transdigm Group, Inc. (Auxitrol Weston)
    • Woodward Inc.
    • Sensata Technologies Inc.

    Recent Market JVs and Acquisitions:

    • In 2021, FLYHT Aerospace Solutions acquired the water vapor sensing system product line from SpectraSensors, a subsidiary of Endress+Hauser.
    • In 2020, TE Connectivity completed the first public acquisition of First Sensor AG. It currently owns 71.87% shares of First Sensor AG.
    • Safran S.A. acquired Zodiac Aerospace in the year 2018. 

    Segment Analysis

    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.

     

    By Aircraft Type

    The market is segmented into commercial aircraft, general aviation, regional aircraft, military aircraft, helicopter, 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.

    By Sensor Type

    The market is segmented into pressure sensor, temperature sensor, position sensor, force/torque sensor, inertial sensor, 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.

    By Application Type

    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.

    Regional Insights

    North America is expected to remain the largest market for aircraft sensors during the forecast period, 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.

    Aircraft-Sensors-Market-Regional-Insights

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    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.

    Market Segmentation

    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 market is segmented into the following categories. 

    By Aircraft Type

    • Commercial Aircraft
    • General Aviation
    • Regional Aircraft
    • Military Aircraft
    • Helicopter
    • Unmanned Aerial Vehicle

    By Sensor Type

    • Pressure Sensor
    • Temperature Sensor
    • Position Sensor
    • Inertial Sensor
    • Force/Torque Sensor
    • Others

    By Application Type

    • Engine
    • Landing Gear, Wheels & Brakes
    • Flight Control Systems
    • Cabin, Cargo & ECS
    • Others

    By End-User Type

    • OE
    • Aftermarket

    By Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and the Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

    Aircraft-Sensors-Market-Segmentation

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    Research Methodology

    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.

    Report Features

    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.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Aircraft Sensors Market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    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.

    Frequently Asked Questions (FAQs)

    The 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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