The factors such as rise in demand for expansion of aircraft fleet across the globe, increased usage of sensors for data sensing and measurement, and increasing demand for UAVs supplement the growth of the aircraft sensors market. However, privacy and security concerns and regulations by safety agencies of aviation industry are the factors expected to hamper the growth of the aircraft sensors market. In addition, technological advancements in aviation industry and adoption of wireless sensors create market opportunities for the key players operating in the aircraft sensors market.
For the purpose of analysis, the global aircraft sensors market is segmented on the basis of aircraft type, application, connectivity, end use, and region. By aircraft type, the market is divided into fixed wings, rotorcraft, and others. By application, it is fragmented into fuel, hydraulic, and pneumatic systems, engine/propulsion, cabin & cargo environmental controls, aerostructures & flight control, flight decks, landing gear systems, weapon systems, and others. By connectivity, it is categorized into wired sensors and wireless sensors. By end use, it is further classified into OEM and aftermarket. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The leading players operating in the aircraft sensors market are Ametek, Inc., Auxitrol Weston, BAE Systems, Curtiss-Wright, Eaton, General Atomics, General Electric, Honeywell International Inc., Meggitt PLC, Raytheon Technologies Corporation, Safran, Schneider Electric, Smith Systems Incorporated, TE Connectivity, Thales Group, Thermocouple Technology, LLC, and Woodward, Inc.
KEY BENEFITS FOR STAKEHOLDERS
- This study presents an analytical depiction of the global aircraft sensors market analysis along with current trends and future estimations to depict imminent investment pockets.
- The overall aircraft sensors market opportunity is determined by understanding profitable trends to gain a stronger foothold.
- The report presents information related to the key drivers, restraints, and opportunities of the global aircraft sensors market with detailed impact analysis.
- The current aircraft sensors market is quantitatively analyzed from 2022 to 2031 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Key Market Segments
By Aircraft Type
- Fixed Wings
- Rotorcraft
- Others
By Application
- Flight Decks
- Landing Gear Systems
- Weapon Systems
- Others
- Fuel, Hydraulic, and Pneumatic Systems
- Engine/Propulsion
- Cabin and Cargo Environmental Controls
- Aerostructures and Flight Control
By Connectivity
- Wired Sensors
- Wireless Sensors
By End Use
- OEM
- Aftermarket
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Russia
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Ametek, Inc.
- BAE Systems
- Curtiss-Wright Corporation
- Eaton Corporation
- Esterline Technologies Corporation
- General Atomics Corporation
- General Electric Company
- Honeywell International Inc.
- Meggitt PLC
- Safran Electronic & Defense
- Schneider Electric SE
- TE Connectivity Ltd.
- Thales Group
- The Raytheon Company
- UTC Aerospace Systems
- Woddward Inc.
- Zodiac Aerospace
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: AIRCRAFT SENSORS MARKET, BY AIRCRAFT TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Fixed Wings
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Rotorcraft
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Others
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
CHAPTER 5: AIRCRAFT SENSORS MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Fuel, Hydraulic, and Pneumatic Systems
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Engine/Propulsion
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Cabin and Cargo Environmental Controls
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Aerostructures and Flight Control
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6 Flight Decks
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country
5.7 Landing Gear Systems
5.7.1 Key market trends, growth factors and opportunities
5.7.2 Market size and forecast, by region
5.7.3 Market analysis by country
5.8 Weapon Systems
5.8.1 Key market trends, growth factors and opportunities
5.8.2 Market size and forecast, by region
5.8.3 Market analysis by country
5.9 Others
5.9.1 Key market trends, growth factors and opportunities
5.9.2 Market size and forecast, by region
5.9.3 Market analysis by country
CHAPTER 6: AIRCRAFT SENSORS MARKET, BY CONNECTIVITY
6.1 Overview
6.1.1 Market size and forecast
6.2 Wired Sensors
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Wireless Sensors
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
CHAPTER 7: AIRCRAFT SENSORS MARKET, BY END USE
7.1 Overview
7.1.1 Market size and forecast
7.2 OEM
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market analysis by country
7.3 Aftermarket
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market analysis by country
CHAPTER 8: AIRCRAFT SENSORS MARKET, BY REGION
8.1 Overview
8.1.1 Market size and forecast
8.2 North America
8.2.1 Key trends and opportunities
8.2.2 North America Market size and forecast, by Aircraft Type
8.2.3 North America Market size and forecast, by Application
8.2.4 North America Market size and forecast, by Connectivity
8.2.5 North America Market size and forecast, by End Use
8.2.6 North America Market size and forecast, by country
8.2.6.1 U. S.
8.2.6.1.1 Market size and forecast, by Aircraft Type
8.2.6.1.2 Market size and forecast, by Application
8.2.6.1.3 Market size and forecast, by Connectivity
8.2.6.1.4 Market size and forecast, by End Use
8.2.6.2 Canada
8.2.6.2.1 Market size and forecast, by Aircraft Type
8.2.6.2.2 Market size and forecast, by Application
8.2.6.2.3 Market size and forecast, by Connectivity
8.2.6.2.4 Market size and forecast, by End Use
8.2.6.3 Mexico
8.2.6.3.1 Market size and forecast, by Aircraft Type
8.2.6.3.2 Market size and forecast, by Application
8.2.6.3.3 Market size and forecast, by Connectivity
8.2.6.3.4 Market size and forecast, by End Use
8.3 Europe
8.3.1 Key trends and opportunities
8.3.2 Europe Market size and forecast, by Aircraft Type
8.3.3 Europe Market size and forecast, by Application
8.3.4 Europe Market size and forecast, by Connectivity
8.3.5 Europe Market size and forecast, by End Use
8.3.6 Europe Market size and forecast, by country
8.3.6.1 UK
8.3.6.1.1 Market size and forecast, by Aircraft Type
8.3.6.1.2 Market size and forecast, by Application
8.3.6.1.3 Market size and forecast, by Connectivity
8.3.6.1.4 Market size and forecast, by End Use
8.3.6.2 Germany
8.3.6.2.1 Market size and forecast, by Aircraft Type
8.3.6.2.2 Market size and forecast, by Application
8.3.6.2.3 Market size and forecast, by Connectivity
8.3.6.2.4 Market size and forecast, by End Use
8.3.6.3 France
8.3.6.3.1 Market size and forecast, by Aircraft Type
8.3.6.3.2 Market size and forecast, by Application
8.3.6.3.3 Market size and forecast, by Connectivity
8.3.6.3.4 Market size and forecast, by End Use
8.3.6.4 Italy
8.3.6.4.1 Market size and forecast, by Aircraft Type
8.3.6.4.2 Market size and forecast, by Application
8.3.6.4.3 Market size and forecast, by Connectivity
8.3.6.4.4 Market size and forecast, by End Use
8.3.6.5 Russia
8.3.6.5.1 Market size and forecast, by Aircraft Type
8.3.6.5.2 Market size and forecast, by Application
8.3.6.5.3 Market size and forecast, by Connectivity
8.3.6.5.4 Market size and forecast, by End Use
8.3.6.6 Rest of Europe
8.3.6.6.1 Market size and forecast, by Aircraft Type
8.3.6.6.2 Market size and forecast, by Application
8.3.6.6.3 Market size and forecast, by Connectivity
8.3.6.6.4 Market size and forecast, by End Use
8.4 Asia-Pacific
8.4.1 Key trends and opportunities
8.4.2 Asia-Pacific Market size and forecast, by Aircraft Type
8.4.3 Asia-Pacific Market size and forecast, by Application
8.4.4 Asia-Pacific Market size and forecast, by Connectivity
8.4.5 Asia-Pacific Market size and forecast, by End Use
8.4.6 Asia-Pacific Market size and forecast, by country
8.4.6.1 China
8.4.6.1.1 Market size and forecast, by Aircraft Type
8.4.6.1.2 Market size and forecast, by Application
8.4.6.1.3 Market size and forecast, by Connectivity
8.4.6.1.4 Market size and forecast, by End Use
8.4.6.2 Japan
8.4.6.2.1 Market size and forecast, by Aircraft Type
8.4.6.2.2 Market size and forecast, by Application
8.4.6.2.3 Market size and forecast, by Connectivity
8.4.6.2.4 Market size and forecast, by End Use
8.4.6.3 India
8.4.6.3.1 Market size and forecast, by Aircraft Type
8.4.6.3.2 Market size and forecast, by Application
8.4.6.3.3 Market size and forecast, by Connectivity
8.4.6.3.4 Market size and forecast, by End Use
8.4.6.4 South Korea
8.4.6.4.1 Market size and forecast, by Aircraft Type
8.4.6.4.2 Market size and forecast, by Application
8.4.6.4.3 Market size and forecast, by Connectivity
8.4.6.4.4 Market size and forecast, by End Use
8.4.6.5 Rest of Asia-Pacific
8.4.6.5.1 Market size and forecast, by Aircraft Type
8.4.6.5.2 Market size and forecast, by Application
8.4.6.5.3 Market size and forecast, by Connectivity
8.4.6.5.4 Market size and forecast, by End Use
8.5 LAMEA
8.5.1 Key trends and opportunities
8.5.2 LAMEA Market size and forecast, by Aircraft Type
8.5.3 LAMEA Market size and forecast, by Application
8.5.4 LAMEA Market size and forecast, by Connectivity
8.5.5 LAMEA Market size and forecast, by End Use
8.5.6 LAMEA Market size and forecast, by country
8.5.6.1 Latin America
8.5.6.1.1 Market size and forecast, by Aircraft Type
8.5.6.1.2 Market size and forecast, by Application
8.5.6.1.3 Market size and forecast, by Connectivity
8.5.6.1.4 Market size and forecast, by End Use
8.5.6.2 Middle East
8.5.6.2.1 Market size and forecast, by Aircraft Type
8.5.6.2.2 Market size and forecast, by Application
8.5.6.2.3 Market size and forecast, by Connectivity
8.5.6.2.4 Market size and forecast, by End Use
8.5.6.3 Africa
8.5.6.3.1 Market size and forecast, by Aircraft Type
8.5.6.3.2 Market size and forecast, by Application
8.5.6.3.3 Market size and forecast, by Connectivity
8.5.6.3.4 Market size and forecast, by End Use
CHAPTER 9: COMPANY LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Key developments
CHAPTER 10: COMPANY PROFILES
10.1 Ametek, Inc.
10.1.1 Company overview
10.1.2 Company snapshot
10.1.3 Operating business segments
10.1.4 Product portfolio
10.1.5 Business performance
10.1.6 Key strategic moves and developments
10.2 BAE Systems
10.2.1 Company overview
10.2.2 Company snapshot
10.2.3 Operating business segments
10.2.4 Product portfolio
10.2.5 Business performance
10.2.6 Key strategic moves and developments
10.3 Curtiss-Wright Corporation
10.3.1 Company overview
10.3.2 Company snapshot
10.3.3 Operating business segments
10.3.4 Product portfolio
10.3.5 Business performance
10.3.6 Key strategic moves and developments
10.4 Eaton Corporation
10.4.1 Company overview
10.4.2 Company snapshot
10.4.3 Operating business segments
10.4.4 Product portfolio
10.4.5 Business performance
10.4.6 Key strategic moves and developments
10.5 Esterline Technologies Corporation
10.5.1 Company overview
10.5.2 Company snapshot
10.5.3 Operating business segments
10.5.4 Product portfolio
10.5.5 Business performance
10.5.6 Key strategic moves and developments
10.6 General Atomics Corporation
10.6.1 Company overview
10.6.2 Company snapshot
10.6.3 Operating business segments
10.6.4 Product portfolio
10.6.5 Business performance
10.6.6 Key strategic moves and developments
10.7 General Electric Company
10.7.1 Company overview
10.7.2 Company snapshot
10.7.3 Operating business segments
10.7.4 Product portfolio
10.7.5 Business performance
10.7.6 Key strategic moves and developments
10.8 Honeywell International Inc.
10.8.1 Company overview
10.8.2 Company snapshot
10.8.3 Operating business segments
10.8.4 Product portfolio
10.8.5 Business performance
10.8.6 Key strategic moves and developments
10.9 Meggitt PLC
10.9.1 Company overview
10.9.2 Company snapshot
10.9.3 Operating business segments
10.9.4 Product portfolio
10.9.5 Business performance
10.9.6 Key strategic moves and developments
10.10 Safran Electronic & Defense
10.10.1 Company overview
10.10.2 Company snapshot
10.10.3 Operating business segments
10.10.4 Product portfolio
10.10.5 Business performance
10.10.6 Key strategic moves and developments
10.11 Schneider Electric SE
10.11.1 Company overview
10.11.2 Company snapshot
10.11.3 Operating business segments
10.11.4 Product portfolio
10.11.5 Business performance
10.11.6 Key strategic moves and developments
10.12 TE Connectivity Ltd.
10.12.1 Company overview
10.12.2 Company snapshot
10.12.3 Operating business segments
10.12.4 Product portfolio
10.12.5 Business performance
10.12.6 Key strategic moves and developments
10.13 Thales Group
10.13.1 Company overview
10.13.2 Company snapshot
10.13.3 Operating business segments
10.13.4 Product portfolio
10.13.5 Business performance
10.13.6 Key strategic moves and developments
10.14 The Raytheon Company
10.14.1 Company overview
10.14.2 Company snapshot
10.14.3 Operating business segments
10.14.4 Product portfolio
10.14.5 Business performance
10.14.6 Key strategic moves and developments
10.15 UTC Aerospace Systems
10.15.1 Company overview
10.15.2 Company snapshot
10.15.3 Operating business segments
10.15.4 Product portfolio
10.15.5 Business performance
10.15.6 Key strategic moves and developments
10.16 Woddward Inc.
10.16.1 Company overview
10.16.2 Company snapshot
10.16.3 Operating business segments
10.16.4 Product portfolio
10.16.5 Business performance
10.16.6 Key strategic moves and developments
10.17 Zodiac Aerospace
10.17.1 Company overview
10.17.2 Company snapshot
10.17.3 Operating business segments
10.17.4 Product portfolio
10.17.5 Business performance
10.17.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Aircraft Sensors Market,' the aircraft sensors market was valued at $4 billion in 2021, and is estimated to reach $9.7 billion by 2031, growing at a CAGR of 9.1% from 2022 to 2031.The concept of aircraft sensors is typically attributed to serving the purpose of controlling, monitoring, and navigating aircraft. Also, it plays a critical role in providing accurate data for safe and effective flight time, as well as the take-off and landing of the aircraft. Feedback on a variety of flight situations, as well as the conditions of different flight instruments and systems, is necessary for safe and efficient flight control. These conditions are continuously monitored by various sensors that send data to the flight computer for processing before the pilot sees it. Currently, the aircraft industry is adopting wireless sensors, which have significant advantages in terms of sensor configuration flexibility, design optimization, and weight optimization. Also, the main factor in using wireless sensors over wired sensors is their low weight. Thus, wireless sensors play a vital role in the advancement of the aviation industry, which is expected to create opportunities for the aircraft sensors market during the forecast period.
In addition, the aircraft sensors market has witnessed significant growth in recent years, owing to the growth in the investments in the aerospace industry and the increasing integration of the internet of things (IoT) in airplanes to gain real-time statistics, which is raising the utilization & need for sensors to generate more accurate data. Furthermore, the companies operating in the aircraft sensors industry have adopted partnerships, investments, and product launches to increase their market share and expand their geographical presence. For instance, in January 2021, Honeywell announced receiving funding from the US Defense Advanced Research Projects Agency (DARPA) to create the next generation of inertial sensor technology that can be used in both commercial and defense navigation applications.
The factors such as the rise in demand for expansion of aircraft fleet across the globe, increased usage of sensors for data sensing and measurement, and increasing demand for UAVs supplement the growth of the aircraft sensors market. However, privacy and security concerns and regulations by safety agencies in the aviation industry are the factors expected to hamper the growth of the market. In addition, technological advancements in the aviation industry and adoption of wireless sensors create market opportunities for the key players operating in the aircraft sensors industry.
COVID-19 Impact Analysis:
The decline in production and delivery by major aircraft manufacturers such as The Boeing Company and Airbus SAS until April 2020 has majorly impacted the overall growth of the market. The overall supply chain of the aircraft sensors hampered the production of the sensor units. The market is expected to recover by the year 2021. Moreover, COVID-19 has had an impact on numerous OEMs' operations, from R&D to manufacturing. Although industry participant’s experienced short-term disruption in delivery systems and roll-outs. In addition, the COVID-19 pandemic affected air passenger traffic globally in 2020, reducing flight activity and impacting airline cash flows. As a result, most airlines decided to cancel or defer their aircraft orders. The commercial aircraft OEMs trimmed their production rates as the pandemic decreased the demand for new jets. However, the commercial aviation industry recovered gradually in 2021, which led to a significant increase in aircraft deliveries compared to 2020. Airbus and Boeing together delivered 951 aircraft in 2021 compared to 723 aircraft in 2020.KEY FINDINGS OF THE STUDY
By aircraft type, the others segment is projected to dominate the global aircraft sensors market in terms of growth rate.By application, the weapon systems segment is projected to dominate the global aircraft sensors market in terms of growth rate.
By connectivity, the wireless sensors segment is projected to dominate the global aircraft sensors market in terms of growth rate.
By end use, the OEM segment is projected to dominate the global aircraft sensors market in terms of growth rate.
The leading players operating in the aircraft sensors market are Ametek, Inc., Auxitrol Weston, BAE Systems, Curtiss-Wright, Eaton, General Atomics, General Electric, Honeywell International Inc., Meggitt PLC, Raytheon Technologies Corporation, Safran, Schneider Electric, Smith Systems Incorporated, TE Connectivity, Thales Group, Thermocouple Technology, LLC, and Woodward, Inc.
Companies Mentioned
- Ametek, Inc.
- Bae Systems
- Curtiss-Wright Corporation
- Eaton Corporation
- Esterline Technologies Corporation
- General Atomics Corporation
- General Electric Company
- Honeywell International Inc.
- Meggitt PLC
- Safran Electronic & Defense
- Schneider Electric SE
- Te Connectivity Ltd.
- Thales Group
- the Raytheon Company
- Utc Aerospace Systems
- Woddward Inc.
- Zodiac Aerospace
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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