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    Aircraft Engine Sensors Market Report

    Aircraft Engine Sensors Market Report
    Report code - SR2225 Published On : Dec,2022 No. of Pages: 120
    Aircraft Engine Sensors Market Size, Share, Trend, Forecast, Competitive Analysis, and Gro See more...

    Market Highlights

    Engine sensors are electro-mechanical tools that keep track of several engine parameters. Thermocouples, resistance temperature detectors (RTDs), and hall effect sensors are a few types of sensors used in engines. Engine sensors also provide critical measurements of pressure, temperature, and speed for flight and engine control systems in all types of aircraft. As the engine is the most critical section of an aircraft, it constitutes the widest number of sensors in it. Temperature sensors, pressure sensors, force/torque sensors, accelerometer/vibration (inertial) sensors, position sensors, and fluid Sensors are the major types of sensors used in aircraft engines. 

    Aircraft engine sensors constitute a fair share of the overall aircraft sensors market. The market highly relies on the growth of engine production, which is highly subjected to the OEMs' aircraft production rates. The past three years (2019-2021) proved to be most disruptive for the industry stakeholders with several setbacks. These setbacks kicked off the market demand to almost a decade-old figure. The year 2022 is giving some realm to the industry stakeholders with the demand for aircraft, especially narrow bodies, improving at a healthy rate. However, the ongoing geopolitical challenges are creating huge pressure, ultimately denting their business growth as well as margin levels.

    However, Stratview Research estimates suggest that despite the challenging market conditions, the aircraft engine sensors market would continue to follow its recovery trajectory in the years to come, ultimately approaching its pre-pandemic figure by early 2025. The expected rise in the production rate of key engine programs (LEAP, GE9x, etc.) and large engine fleet size (CFM56, etc.) are likely to drive the sensor market in the coming years. Furthermore, the advancements, such as microelectromechanical systems (MEMS), in sensor technology may give an additional impetus to the market demand. Also, increased demand for compact engines coupled with the increasing development of sophisticated sensors and the rise in demand for wireless sensors add fuel to the fire. Overall, the aircraft engine sensors market is likely to grow at a promising CAGR of 10.9% in the long run to reach US$ 0.75 Billion in 2028. 

    Recent Market JVs and Acquisitions:

    1. In 2020, TE Connectivity, a leading provider of connectivity and sensing solutions in the industrial sector, completed the first public acquisition of First Sensor AG. It currently owns a 71.87% share of First Sensor AG.
    2. In 2021, FLYHT Aerospace Solutions acquired the water vapor sensing system product line of SpectraSensors, a subsidiary of Endress+Hauser. 

    Market Segments' 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

    A large number of sensor content per turbofan engine paired with the large engine deliveries make commercial aircraft the leading market among all aircraft types.

    Sensor Type

    Pressure Sensor, Temperature Sensor, Position Sensor, Inertial Sensor, and Others

    Pressure sensor is estimated to hold dominance in the market, mainly driven by their higher price.

    Application Type

    Gearbox, Compressor, Turbine, Front Blade, and Nacelle

    Among engine applications, gearbox proved to be an application category that holds the maximum number of sensors.

    End-User Type Type

    OE and Aftermarket

    OE is to remain the dominant end-user type till 2028.

    Regional Basis

    North America, Europe, Asia-Pacific, and the Rest of the World

    North America has been a pioneer in the aircraft engine sensors market. Presence of all the leading engine makers, their tier players, aircraft OEMs, and sensor manufacturers.

    Based on the aircraft type, the aircraft engine sensors market is segmented into commercial aircraft, general aviation, regional aircraft, military aircraft, helicopter, and unmanned aerial vehicles. Commercial aircraft is expected to remain the largest as well as the fastest-growing aircraft type in the market during the forecast period, owing to the usage of a relatively large number of sensors in commercial aircraft. Over the eons, it has been recorded an increased number of sensors used per geared turbofan. For instance, A LEAP engine has more sensors than its predecessor (CFM56).

    Based on the sensor type, the market is bifurcated into pressure sensor, temperature sensor, position sensor, inertial sensor, and others. 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 various benefits, such as timely electric signal provided to the engine according to the pressure applied coupled with its wider applications. Also, the price of pressure sensors is quite higher than that of other sensors such as temperature sensors.

    Based on the application type, the market is segmented as gearbox, compressor, turbine, front blade, and nacelle. Gearbox is expected to remain the dominant application type in the market during the forecast period, owing to the usage of a large number of sensors in the gearbox.

    In terms of regions, North America is expected to remain the largest market for aircraft engine sensors during the forecast period, mainly driven by the USA. The region has the presence of a large number of aircraft OEMs, aero-engine OEMs, tier players, and raw material suppliers. and aircraft engine sensor manufacturers, which make the region the growth engine of the aircraft industry. Most of the tier players, airlines, and suppliers have their presence in the region to address the emergent needs of OEMs. 

    Key Players

    The market is highly 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 engine sensors market.

    • TE Connectivity Ltd.
    • 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.

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft engine 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. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors

    The aircraft engine sensors market is segmented into the following categories. 

    Aircraft Engine Sensors Market, by Aircraft Type

    • Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Unmanned Aerial Vehicle (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Engine Sensors Market, by Sensor Type

    • Pressure Sensor (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Temperature Sensor (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Position Sensor (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Inertial Sensor (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Engine Sensors Market, by Application Type

    • Gearbox (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Compressor (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Turbine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Front Blade (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Nacelle (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Engine Sensors Market, by End-User Type

    • OE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aircraft Engine Sensors Market, by Region

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

    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

    A Bird's Eye View of the Market

    The aircraft engine sensors market is estimated to grow at a CAGR of 10.9% by 2028, driven by an expected increase in aircraft production rates of key aircraft programs coupled with upcoming aircraft programs.

    TE Connectivity Ltd., 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 engine sensors market.

    North America to remain dominant in the aircraft engine sensors market in the foreseen future. The region has the presence of a large number of aircraft OEMs, such as Airbus and Boeing, and aero-engine OEMs, which make the region the growth engine of the aircraft industry.

    Asia-Pacific is estimated to remain the fastest-growing market for aircraft engine sensors in the foreseeable future. China, Japan, and Singapore are likely to be the biggest markets in the region in the years to come.

    Gearbox is estimated to remain dominant in the aircraft engine sensors market, owing to the large number of sensors used in the gearbox.

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