Aircraft Sensors Market estimated to grow at a CAGR of >5% in the forecast period

05 March 2021, IndustryNewsGlobal // -- The report on the Aircraft Sensors Market has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2020-2025

The report also offer insights into different market segments and other factors affecting the market.

Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Aircraft Sensors Market is expected to inflate at a CAGR of >5 by the forecast period.

As per the report, the market is segmented by:

• by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, and Others) – Aerospace and Defense to remain the most dominant sector.
  •by Sensors Type (Pressure Sensors, Temperature Sensors, and Others) – Tooling to remain most dominant application
  •by Application Type (Engine, Airframe, and Others)- Flight deck & control system remain the most dominant application.
  ●by Connectivity Type (Wire, and Wireless) – Out of Autoclave to witness healthy growth.
  ●and by Region (North America, Europe, Asia-Pacific, and RoW) – North America to remain the largest market.

Highlights of the Report:

The aircraft sensors market is segmented based on the aircraft type as narrow-body aircraft, wide-body aircraft, very large aircraft, regional aircraft, general aviation, helicopter, military aircraft, and UAV. 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. Airbus anticipated that approximately 34,900 commercial aircraft will be delivered during 2017-2036. This will create a sustainable demand for sensors during the forecast period.

Based on the application type, the global aircraft sensors market is segmented as engine, airframe, flight deck & control system, fluid conveyance, landing gear, environment control system, interior, and others. 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.

Based on the regions, North America is expected to remain the largest market for aircraft sensors during the forecast period as the region is the manufacturing capital of the aerospace & defense industry with the presence of several large- to small-sized aircraft OEMs, engine OEMs, tier players, sensor manufacturers, distributors, and raw material suppliers. Asia Pacific is expected to grow at the highest rate over the next five years, owing to upcoming commercial and regional aircraft programs and the world’s largest commercial aircraft fleet size.

Key Players of the Market

The key sensor manufacturers for the aircraft industry are Honeywell International Inc, TE Connectivity Ltd., UTC Aerospace Systems, Zodiac Aerospace, Ametek, Inc., Meggitt Plc, Safran Electronic & Defense, Curtiss-Wright Corporation, and Esterline Technologies Corporation.