Sensors are the part of the equipment systems on aircraft board. It includes flight, navigation equipment, and engine. Flight equipment includes altimeters, vertical speed indicator, and airspeed indicator. Altimeters are used to measure the alterations in static air pressure for knowing the height at which the aircraft is flying.
Global Aircraft Sensors Market: Growth Factors
The massive use of wireless sensors as a result of their contribution towards reducing deployment and maintenance costs of aircraft will spur the growth of aircraft sensors industry over the years to come. Apart from this, the large-scale installation of structural health monitoring tools in aircraft will further fuel the demand for wireless sensors, thereby pushing the aircraft sensors market size. Additionally, the onset of new technologies such as IoT, artificial intelligence, and big data analytics has paved the way for aircraft sensors market growth. Furthermore, an increase in the defense funding and inflation in the aircraft orders will increase the size of the aircraft sensors market. Apparently, large scale demands of the product across military, general, and commercial sectors will amplify the growth trajectory of the aircraft sensors industry over the estimated timeframe.
Global Aircraft Sensors Market: Segmentation
The aircraft sensors market can be sectored into product type, platform, sensor, end use, and application. On the basis of product type, the industry is segregated into turboshaft, turbofan, and turboprop. In terms of platform, the aircraft sensors market is classified into an unmanned aerial vehicle, rotary, and fixed platforms. On the basis of the sensor, the industry is segmented into pressure, gyro, temperature, proximity, and speed. In terms of end use, the market is classified into aftermarket and OEM. Application wise, the aircraft sensors industry is classified into general, commercial, and military sectors.
Global Aircraft Sensors Market: Regional Analysis
Region wise, the aircraft sensors market can be divided into five main regions: North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. North American market is slated to witness a noteworthy growth due to the presence of giant aircraft developers such as Boeing, Lockheed Martin, and Bombardier in the countries such as the U.S. and Canada. Apart from this, the thriving aerospace & defense sector along with the abundant presence of sensor manufacturers, raw material suppliers, and distributors will accelerate the business growth.
The market in the Asia Pacific is projected to experience a lucrative surge, subject to the launching of commercial and regional aircraft schemes along with the presence of world’s biggest commercial aircraft fleet size in the region. Moreover, the European market has a huge growth prospect and will contribute notably towards the market size. Latin America and the Middle East and African markets have untapped growth potential and are likely to assist the overall market to register cumulative growth within the next few years.
Global Aircraft Sensors Market: Competitive Players
Few of the main participants in aircraft sensors market are Safran SA, General Electric Company, Meggitt plc, TE Connectivity Limited, AMETEK, Thales Group, Honeywell International, Inc., Zodiac Aerospace SA, General Atomics Corporation, UTC Aerospace Systems, Woodward Inc., Schneider Electric SE, Inc., Honeywell International, Inc., and Curtiss-Wright Corporation.