Aircraft Sensor Market
The Report Aircraft Sensor Market (by type (Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft, UAV)-by Platform (UAV, Fixed, Rotary Wing Aircraft)-by Sensor (Pressure, Temperature, Speed, Proximity, GYRO)-by Application (Engine, Door, Environmental Control, Landing Gear, Airframe, Flight Deck & Control System, Fluid Conveyance)-by Connectivity (Wire, Wireless)-by Geography (North America, Europe, Asia-Pacific, Middle East & Africa, Latin America))-is expected to reach US$ 3.23 Bn in 2026 at a CAGR of 7.5%
Aircraft sensors are crucial to getting data from the outside world. In this type of aeroplane, they have sensors of altitude, speed, pressure, the angle of attack, etc. if the sensor breaks down, the planes become unstable.
The aircraft uses a number of kilometres of sensors throughout its structure and for different types of systems and components. The aircraft sensor market is dependent on the number of orders placed by the airline carriers for aircraft. The global aircraft sensors market offers attractive growth opportunities in the entire ecosystem of the market. The demand for aircraft sensors is especially driven by the production of new aircraft. Rising demand for sensors in the increasing unmanned aerial vehicles business provides ample opportunities for market growth.
Narrow-body aircraft is expected to remain the largest segment of the global aircraft sensors market during the forecast period during 2018-2026
In terms of type, Narrow-body aircraft is expected to remain the largest segment of the global aircraft sensors market during the forecast period, propelled by increasing aircraft deliveries to support rising passenger and cargo traffic, the introduction of variants of existing programs, and rising commercial aircraft fleet size.
The fixed-wing aircraft segment is estimated to account for the largest share of the aircraft sensors market in 2017
In terms of platform, the fixed-wing aircraft segment is estimated to account for the largest share of the aircraft sensors market in 2017. The growth of the fixed-wing aircraft segment of the aircraft sensors market can be attributed to the increased use of these types of aircraft for the commercial aviation sector.
The wireless sensors segment of the aircraft sensors market is projected to grow at the highest CAGR during 2018-2026
In terms of connectivity, the wireless sensors segment of the aircraft sensors market is estimated to reach at the highest CAGR during the forecast period. Wireless sensors reduce the installation and maintenance costs of an aircraft. These sensors also reduce subsystems design complexity of the aircraft.
Flight deck & control system is projected to remain the most dominant application type in the global aircraft sensors market during 2018-2026
In terms of Application, Flight deck & control system is projected to remain the most dominant application type in the global aircraft sensors market during the forecast period, propelled by rising aircraft deliveries, higher usage of sensors in the flight deck & control systems, and increased incorporation of avionics in the next-generation aircraft.
North America is expected to remain the largest market for aircraft sensors during the forecast period
In terms of region, North America is expected to remain the largest market for aircraft sensors during the forecast period. The Asia Pacific is expected to grow at the highest rate over the next few years. In the Asia Pacific, China is one of the prominent players in the market, owing to its own commercial aircraft which reduces the import cost.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Honeywell International Inc., TE Connectivity Ltd., UTC Aerospace Systems, Zodiac Aerospace, AMETEK, Inc., Meggitt PLC, and Safran Electronic & Defense.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Aircraft sensor market. The report encompasses the market by different segments and region, providing the in-depth analysis of the overall industry ecosystem, useful for taking an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Aircraft sensor market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Aircraft sensor market positioning of competitors.
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Aircraft Sensor Market
by: Vikas Godage