Aircraft Sensors Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Aircraft Sensors Market
The aircraft sensors market size was valued at USD 2.23 billion in 2019, and the market is now projected to grow from USD 12.97 billion in 2032, exhibiting a CAGR of 14.50% during the forecast period of 2020-2027.
The sensors market has seen decreased growth because of disruptions during the ongoing COVID-19 situation, which affected aircraft manufacture and delivery. Giant manufacturers such as Boeing and Airbus ceased operations until April 2020, which affected the aircraft sensors supply chain. This caused a temporary stagnation of the overall aircraft sensors market growth. However, it was expected to recede by 2021 as production started again. The market began to grow again once manufacturers achieved more stable levels of production and operations.
The escalating trend for UAVs has influenced the growth in the aircraft sensors market share since UAVs use several sensors such as LIDAR for their operations and imaging. The adoption of UAVs in military ISR operations has increased over the years and positively impacted the market. Furthermore, the increased use of UAVs in life-threatening activities and the prospect of new-generation warfare tactics also contribute to market development. The expansion of adopting UAVs in civil applications including agriculture, real estate, security and others equally boosts the market.
Also, Micro-Electro-Mechanical-Systems (MEMS) innovations are improving aerospace with cheap, high-performance applications. MEMS technology offers enhanced flight control, drag and aerodynamics compared to conventional systems. It also has a smaller form factor and lower weight, which means it will be cheaper to produce than current models. A single chip's general combination of inertial and navigation units gives further advantages. MEMS do not degrade under special operating conditions such as high temperatures and vibrations common in aviation operations. A significant factor that will continue to fuel the market is the increasing use of MEMS in the aviation industry.
Comprehensive Analysis of Aircraft Sensors Market
The aircraft sensors market and aerospace & defence industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the aerospace & defence industry. These segmentations are methodically segregated by platform, by sensor type, by application, by connectivity and by end-use. The platform includes, Fixed-Wing Aircraft, Rotary Blade Aircraft and UAV. The sensor type includes, Temperature, Pressure, Force, Speed, Torque and Others. The application includes, Engine Turbine & APU, Flight Control & Actuation, Landing Gear & Brakes and others. The connectivity includes, Wired Sensors and Wireless Sensors. The end-use includes, OEMs and Aftermarket.
North America region will be the biggest market during the forecast period. This is because it constitutes the aerospace industry's manufacturing center. Many aircraft original equipment manufacturers and sensor suppliers also populate this region. This strong presence drives the growth of the aircraft sensors market in North America. As a result, North America is projected to maintain a leading market share.
The top players in the market play a crucial role in the aerospace & defence industry assuring industrial prospectus growth and setting market standards. These players include, Honeywell International, Inc. (The U.S.), Ametek, Inc. (The U.S.), General Electric Company (The U.S.), Meggitt PLC (The U.K.), Safran S.A. (France), Woodward Inc. (The U.S.), Thales Group (France), Zodiac Aerospace (France), Curtiss-Wright Corporation (The U.S.), Schneider Electric SE (France), General Atomics Corporation (The U.S.), The Raytheon Company (The U.S.), TE Connectivity (Switzerland) and Lockheed Martin Corporation (The U.S.). These market players provide a level-playing competitive landscape.
In May 2021, L3Harris Technologies secured a 96.4 million US dollar contract for the client US Special Operations Command (SOCOM) for forward-looking infrared on military-rotary wing aircraft. The SOCOM anticipates spending USD 76m in the first defence-wide funds it wishes to acquire sensors and program management services.
Segmentation Table
Global Aircraft Sensors Market Scope
Study Period2016-2027
Base Year2019
Forecast Period2020-2027
Growth RateCAGR of 14.50% from 2020 to 2027
Historical Period2016-2017
UnitValue (USD Billion)
SegmentationBy Platform, Sensor Type, Application, Connectivity, End-Use, and Region
By PlatformFixed-Wing Aircraft
Commercial Aircraft
Narrow Body
Wide Body
Regional Jet
Business Jet
Military Aircraft
Combat Aircraft
Transport Aircraft
Rotary Blade Aircraft
Commercial Helicopters
Military Helicopters
UAVs
By Sensor TypeTemperature Sensor
Pressure Sensor
Force Sensor
Speed Sensor
Torque Sensor
Accelerometer Sensor
Flow Sensor
Position sensor
Proximity Sensor
GPS sensor
Gyroscope
Radar sensor
Smoke detection sensor
Angle of Attack Sensor
Level Sensor
Vibration Sensors
Airspeed and Altitude Sensor
Others
By ApplicationEngine, Turbine, and APU
Flight Controls and Actuation
Landing Gear & Brakes
Environmental Control System
Doors & Slides
Cabin, Galley, and Cargo
Cockpit Controls
By ConnectivityWired Sensors
Wireless Sensors
By End-UseOEM
Aftermarket
By RegionNorth America (the U.S. and Canada)
Europe (the U.K., Germany, France, Italy, Russia, and Rest of Europe)
Asia-Pacific (Japan, China, India, Australia, and Rest of Asia- Pacific)
Rest of the World (Latin America and the Middle East & Africa)
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