+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Aircraft Sensors - Global Market Trajectory & Analytics

  • ID: 4805147
  • Report
  • April 2021
  • Region: Global
  • 290 pages
  • Global Industry Analysts, Inc
Global Aircraft Sensors Market to Reach $2.5 Billion by 2027

Amid the COVID-19 crisis, the global market for Aircraft Sensors estimated at US$1.8 Billion in the year 2020, is projected to reach a revised size of US$2.5 Billion by 2027, growing at a CAGR of 4.9% over the analysis period 2020-2027. Fixed-Wing Aircraft, one of the segments analyzed in the report, is projected to record a 4.7% CAGR and reach US$1.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Rotary-Wing Aircraft segment is readjusted to a revised 4.4% CAGR for the next 7-year period.



The U.S. Market is Estimated at $491.5 Million, While China is Forecast to Grow at 7.4% CAGR

The Aircraft Sensors market in the U.S. is estimated at US$491.5 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$515.8 Million by the year 2027 trailing a CAGR of 7.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.

UAVs Segment to Record 7.3% CAGR

In the global UAVs segment, USA, Canada, Japan, China and Europe will drive the 6.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$111.2 Million in the year 2020 will reach a projected size of US$175.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$336.5 Million by the year 2027, while Latin America will expand at a 8.6% CAGR through the analysis period.

Select Competitors (Total 47 Featured):
  • AMETEK, Inc.
  • Curtiss-Wright Corporation
  • Esterline Technologies Corporation
  • General Electric Company
  • Honeywell International, Inc.
  • Meggitt PLC
  • Raytheon Company
  • Safran Electronics & Defense
  • TE Connectivity Ltd.
  • Thales Group
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Aircraft Sensors: An Introductory Prelude
  • A Snapshot of Sensor Applications in Modern Aircraft
  • Stellar Growth on the Cards for Aircraft Sensors Market
  • Prevailing Scenario in the World Aerospace Industry Signals towards Bright Prospects
  • Ongoing Expansion in Commercial Airline Fleet Size Widens Opportunities
  • Exhibit 1: Global Aircraft Fleet Size (in Units) by Aircraft Type for the Years 2019 & 2029
  • Exhibit 2: Global Aircraft Fleet Size (in Units) by Geographic Region for the Years 2019 & 2039
  • Growing Passenger & Cargo Traffic Instigates the Need for New Aircraft
  • Exhibit 3: World Passenger Traffic (in RTK) and Cargo Traffic (in FTK) for Years 2016, 2017 and 2018
  • Progressive Momentum in Business Jet Segment Amplifies Opportunities
  • Exhibit 4: About 8,500 Private Jets to be Delivered over the 10-Year Period Starting from 2019: Annual Worldwide Private Jet Deliveries for Years 2018 through 2028
  • Rising Demand for Military Aircraft Amid Mounting Geopolitical Risks and Increasing Global Military Spending Bodes Well
  • Exhibit 5: Global Military Spending (in US$ Billion) for the Years 2013 through 2023
  • Impact of Covid-19 and a Looming Global Recession
  • GPS Sensors Induce Safety, Convenience, and Ease of Navigation Features into Flight Operations
  • Highly Convenient Measuring of Aircraft Flying Altitude with Altimeter Sensors
  • Flow Measurement Made Highly Effective with Sophisticated Sensor Mechanisms
  • Sensors Hold Great Promise in Aircraft Structural Health Monitoring Applications
  • Advanced Sensors Come to Fore to Facilitate Real-Time Engine Monitoring
  • Pressure Sensors: Collecting Reliable Pressure Data Across Various Aircraft Locations
  • Sensor-Guided Instrument Systems Streamline and Improve Aircraft Operations and Performance
  • Air Data Computing Made Effective with Sensor Solutions
  • Liquid-Level Sensors Render Efficiency in Linking Interface Elements and Onboard Display Units
  • Clamour for Additional Sensor Tools Gathers Steam by Dint of Recent Aircraft Crash Events
  • Scenario Extremely Conducive for Wider Proliferation of Smarter Sensors
  • Growing Emphasis on IoT in Aircraft Operations Poised to Create Ample Opportunities
  • While IoT Gains Traction in Aircraft Operations, MRO Segment also Cherishes IoT-Driven Efficiencies in Aircraft Maintenance
  • IoT Grabs Robust Attention in Aircraft Predictive Maintenance Strategies
  • Unmanned Aerial Vehicle (UAV): High-Growth Vertical for Aircraft Sensors
  • Widening Role of UAVs in Military and Civilian Applications
  • UAV Evolves as a Mainstream Strategy in Military Campaigns
  • Exhibit 6: World Unmanned Aerial Systems (UAS) Market in US$ Million by Application for Years 2019 & 2025
  • Exhibit 7: Percentage Breakdown of World UAV Production (Value) by Region for Years 2019 & 2025
  • Ongoing Regulatory Emphasis on Reducing Aerospace CO2 Emissions Seeks More Efficient Aircraft Operations, Creating Novel Opportunities to Sensors
  • A Note on ICAO CORSIA Standard
  • Exhibit 8: ICAO Seeks to Reduce Aircraft Energy Intensity to 9.8MJ/RTK by 2030 from 12.1MJ/RTK in 2019
  • Healthy Trajectory in MRO Services Vertical: Strong Business Case for Aftermarket Aircraft Sensors
  • Current MRO Market Trends Across Various Geographic Regions
  • Exhibit 9: Breakdown of World MRO Services Market (in US$ Billion) by Service Area for Years 2019 & 2029
III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 47
Note: Product cover images may vary from those shown
Adroll
adroll