What is an Aircraft Sensor?
An aircraft sensor is a device that measures a physical quantity and converts it into a signal which can be easily interpreted. Slight variations in the aircraft system or in its environment can lead to severe mishaps. The sensors incorporated in the aircraft identify such abnormal variations and alert the pilot. Such incidences have generated the demand for aircraft sensors in the aviation industry. The increasing demand for new aircraft, advancements in microelectromechanical system (MEMS) technology and regulations by the aviation safety agencies have widely impacted the global market of aircraft sensors. Moreover, the increasing demand for sensors in the growing unmanned aerial vehicles (UAVs) industry is anticipated to generate various market opportunities in the upcoming years. The market players have adopted various strategies, such as contracts, new product developments and agreements to strengthen their position in the aircraft sensors market.
Many types of sensors used in an aircraft are necessary for both safety and operational purposes. Modern aircraft incorporate several different sensors to determine their operational parameters in the immediate sense to monitor engine condition and electronic performance monitoring. For example, sensors used in engines, such as propulsion and space sensors, are used for critical measurements of flight and engine control systems. Aircraft sensors provide efficient, reliable and economical operation for military and commercial aircraft. Manufacturers continuously participate in advanced sensor technologies with innovative measures to improve performance and safety in the most difficult flight conditions.
Aircraft Sensors Market Size and Growth Rate:
The global aircraft sensors market was valued around USD 1.7 Billion in 2017 and is expected to grow at a CAGR of approximately 6.2% during the forecast period to reach USD 2.9 billion by 2025
Aircraft Sensors Market - Growth Drivers and Challenges:
The aircraft sensor market is expected to grow at a sustained pace during the forecast period as a result of increased deliveries and aircraft production. Air travel has increased dramatically over the years as a large part of the population with high disposable incomes discovered that traveling on affordable flights allowed airlines to increase the size of their fleet to meet demand. This factor is one of the main reasons why airlines are ordering more and more aircraft, contributing to the growth of the aircraft sensor market. The complete structure of the aircraft, as well as its engines, are costly components, hence there is paramount importance of the aircraft sensor for safety, protection and proper operation. This is another factor that drives the demand for aircraft sensors in the market during the forecast period.
The aircraft sensor market also depends on the number of orders placed by airlines for aircraft. A large number of orders can negatively affect the productivity of aeronautical OEMs, which limits the growth of the market during the forecast period. Similarly, highly qualified personnel are required to install and test the sensors, which can be an obstacle to the development of the aircraft sensor market during the forecast period.
Aircraft Sensors Market- Geographical Presence:
It is expected that the market for aircraft sensors in North America will experience above-average growth due to the increase in air travel and the presence of the main aircraft and sensor manufacturers in the region. The European market also has great potential for this market due to the presence of aircraft engine manufacturers in the region and their links with several OEMs. In addition, in Asia-Pacific, China is one of the main players in the market, with its own commercial aircrafts that reduce import costs and establish its own engine manufacturing plant.
Key players listed in this Aircraft Sensors Market are:
Aircraft Sensors Market – Detailed Segmentation:
Aircraft Sensors Market Analysis - By Sensor Type:
- Pilot Probes
- Pressure Sensors
- Temperature Sensors
- Force Sensors
- Torque Sensors
- Flow Sensors
- Level Sensors
- Proximity Sensors
- Radar Sensors
- Altimeter Sensors
- Speed Sensors
- Position & Displacement Sensors
- Smoke Detection Sensors
- GPS Sensors
- Angle-of-Attack (AoA) Sensors
Aircraft Sensors Market Analysis - By Platform:
Aircraft Sensors Market Analysis - By Sector:
Aircraft Sensors Market Analysis - By Connectivity:
Aircraft Sensors Market Analysis - By Application:
Aircraft Sensors Market Analysis - By Region:
- Rest of the World
Aircraft Sensors Market - Research Objectives
To explain the definition and scope of the research study based on sensor type, platform, sector, connectivity, application, and region.
Estimate the current market size and forecast the same for 2017 to 2025
- Market size breakdown for each of the segments and regions analyzed
- Insights on the major market dynamics (drivers, restraints & opportunities) and their impact analysis for the analysis period
- Micro and macro level analysis of the market to elucidate eminent investment opportunities
- Porter’s Five forces analysis to deliver a comprehensive buyer-seller scenario and the state of the business environment
- Identification of the aircraft sensors market trends in current scenario as well as growth indicators
- Benchmarking leading vendors in the aircraft sensors industry based on their strategic attempts, financial status, and other internal and external parameters
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