Market Overview:
Aircraft sensors market size Valued at USD 3.12 Billion, market Grow at a CAGR Of 12.34% by 2020-2030.
By 2030, the global aircraft sensors market growth to witness booming in near future. The COVID 19 impact evaluation of the worldwide aircraft sensor market is offered in the report. The increase in demand to slash operational costs in the production of airplanes is observed to encourage the adoption of aircraft sensors. This is expected to underpin the expansion of the aircraft sensor market through the review period.
The growing demand for latest aircraft designs promoting consumer convenience can explain new airplanes introduced in the market, which, in turn, can favour the expansion of the aircraft sensor market in the near future. Increase in air traffic and easy availability of aircraft OEMs, along with hefty investment in aircraft sensors to offer high-quality services are other growth indicators of the aircraft sensor market. The rise in the demand for sensors in widely used UAVs can also favour the market in the foreseeable future.
Key Players:
The key players are why the Aircraft sensors market size Forecast is emerging at the global level. There are working on service upgradation to provide advanced sensors to the aviation sector. Here is the list of prominent key players of the Aircraft sensors market size Outlook.
Honeywell International, Inc. (US),TE Connectivity (Switzerland),United Technologies Corporation (US),Safran (France),Inc. (US),Meggitt PLC (UK),Curtiss-Wright Corporation (US),Esterline Technologies Corporation (US),Thales Group (France),Raytheon Company (US) General Electric (US),Eaton Corporation (Ireland),Crane Aerospace & Electronics (US),Stellar Technology (US),Custom Control Sensors, LLC (US)
Market Segmentation:
The aircraft sensor market industry study is done by sensor type, connectivity, platform, and end-use.
The sensor type based segments of the aircraft sensor market are pressure sensors, force sensors, speed sensors, temperature sensor, torque sensor, level sensor, proximity sensor, radar sensor, pitot probes, smoke detection sensor, angle of attack (AOA) sensor, global positioning system (GPS), gyroscope, oxygen sensor, altimeter, accelerometer, and position and displacement sensors.
The connectivity based segments of the aircraft sensor market are wireless sensors and wired sensors. The increase in the installation of wireless aircraft sensor can boost the market in the near future.
The platform based segments of the aircraft sensor market are UAV, rotary wing, and fixed wing.
The end-use based segments of the aircraft sensor market are aftermarket and OEM. The OEM segment can rise at high pace.
Regional Analysis:
In North America, the aircraft sensors market size can expand due to the presence of reputed technology companies, such as Raytheon Company and Honeywell International, Inc that are likely to churn up substantial revenue for the regional market.
In Europe, the increase in investments made by governments and aircraft OEMs, such as Airbus, can drive the aircraft sensors market size in the region. EU market can be led by the UK.
In Asia Pacific, the aircraft sensor market can rise with the highest CAGR across the forecast review period. Increase in air passenger in developing regions can drive the regional market.
In Middle East & Africa, the aircraft sensor market can rise as the region offers effective platform for the production of sought after UAVs. Moreover, increase in need for military aircraft and introduction of modernized military programs can drive the regional market through the analysis period.
In Latin America, the existence of renowned aircraft OEMs, such as Embraer SA, can favor the expansion of aircraft sensor market in the analysis period.
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