07-Sep-2020 | Zion Market Research
As per the market analysis by Zion Market Research analysts, the global aircraft sensors market is estimated to expand from around USD 3.7 billion in 2019 to about USD 5.1 billion by 2025, at approx 4.51 % CAGR during the projected period. TE Connectivity Ltd., Safran S.A., Honeywell International, Inc., General Electric Company, Meggitt PLC, Ametek, Inc., Thales Group, Zodiac Aerospace, and Woodward Inc. are few of the active players in the aircraft sensors market.
Increasing Aircraft Fleet Size To Upsurge The Demand For Aircraft Sensors
The growth of the global aircraft sensors market is expected to be influenced by factors such as the increasing aircraft fleet size, rising production costs of main commercial aircraft programs, entry of new market players, the launch of versions of the best-selling aircraft programs, elevated emphasis on passenger safety & fuel efficiency, and rising electronic parts in the next-gen aircraft.
Rising Number Of Passengers Expected To Boost The Fixed-Wing Aircraft Segment Of The Market
The fixed-wing aircraft segment, on the basis of platform, is anticipated to rule the aircraft sensors market in the years to come. The rise in the count of air passengers, particularly from the emerging nations, is projected to have a noteworthy effect on market growth. Further, the rising need for fixed-wing aircraft that are extensively utilized for air travel is anticipated to boost the growth of the aircraft sensors market in the near future.
Flourishing Aviation Industry In Asia Pacific To Help It Govern The Global Market
The global aircraft sensor market is expected to be governed by Asia Pacific aircraft sensors market with the highest CAGR during the projected period. The rising air passenger traffic is the key factor for the expansion of the aviation industry in this region. Further, the rise in disposable income air passenger traffic has led to the rising need for new aircraft deliveries, which, consequently, propels the need for aircraft sensors. To cite, Commercial Aircraft Corporation of China (COMAC), the Shanghai-based aircraft manufacturer, in 2018, obtained orders of around 600 C919 jumbo jets from twenty-four domestic customers, comprising China Southern, Air China, Hainan Airlines, Sichuan Airlines, and China Eastern.
Browse the full “Aircraft Sensors Market: by Application (Fuel, Hydraulic & Pneumatic Systems, Engines, Doors & Slides, Flight Decks & Flight Control, Cabin & Cargo Environmental Controls, Landing Gears and Wheels & Breaks), by Sensor Type (Position, Temperature, Flow, Pressure, Level, Smoke Detection, Torque, Radar, Proximity, Accelerometers and Other Sensor), by Platform (Rotary-wing Aircraft, Fixed-wing Aircraft and UAVs) Global Industry Perspective, Comprehensive Analysis and Forecast, 2018 – 2025.” Report at https://www.zionmarketresearch.com/report/aircraft-sensors-industry
The global aircraft sensors market is segmented as follows:
By Sensor Type
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