The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The aircraft sensors market has seen significant growth in recent years and is projected to continue expanding.

• Market Size and Growth Rate:
  • In 2023, the market was valued at $4.50 billion.
  • It is expected to grow to $4.87 billion in 2024, at a CAGR of 8.2%.
  • By 2028, the market is anticipated to reach $6.7 billion, growing at a CAGR of 8.3%.
• Drivers of Historic Growth:
  • Miniaturization and enhanced functionality have broadened sensor applications.
  • Mandated safety standards are driving sensor integration.
  • Increased demand for advanced sensor systems.
  • Sensors are crucial for monitoring emissions, optimizing engine performance.
  • Innovations in the defense sector influence commercial sensor development.

Future Growth Drivers

The forecast period promises robust growth due to several factors:

• Autonomous Aircraft:
  • Advanced sensor suites are essential for navigation and obstacle detection.
• AI and Machine Learning:
  • These technologies enhance sensor intelligence, enabling predictive maintenance and adaptive control.
• Electric Propulsion:
  • Specialized sensors are needed for monitoring powertrain components and battery health.
• Real-Time Monitoring:
  • There is a growing demand for real-time structural and engine health monitoring.
• Urban Air Mobility:
  • Precise navigation and collision avoidance sensors are crucial for safe operations in densely populated areas.

Read The Full Aircraft Sensors Market Report Here:
https://www.thebusinessresearchcompany.com/report/aircraft-sensors-global-market-report

Major Trends

Several trends are expected to shape the market:

• Increased Precision and Distance in Data Gathering:
  • Enhanced capabilities for environmental monitoring and resource assessment.
• Real-Time Data Processing:
  • Improved operational efficiency through comprehensive insights from multiple sensor data.
• Cybersecurity:
  • Enhanced protection of sensor data from cyber threats.

Surging Production and Delivery of New Aircraft

The rising production and delivery of new aircraft are set to propel the aircraft sensors market.

• Demand from Airlines:
  • Airlines are modernizing fleets, expanding routes, and meeting rising passenger travel needs globally.
• Production Statistics:
  • For instance, Airbus SE delivered 661 commercial aircraft to 84 customers in 2022, an 8% increase from 2021.

Key Companies in the Aircraft Sensors Market

Major players in the market include:

• General Electric Company
• United Technologies Corporation
• The Raytheon Company
• Lockheed Martin Corporation
• Schneider Electric SE
• Honeywell International Inc.
• BAE Systems
• Safran Electronic & Defense
• Eaton Corporation
• Thales Group
• Collins Aerospace
• TE Connectivity Ltd.
• Parker Hannifin Corporation
• Amphenol Corporation
• Stellar Technology
• PCB Piezotronics Inc.
• Custom Control Sensors LLC

Advancements in Aircraft Sensor Technology

Companies are focusing on developing advanced sensors to meet the growing demand for small, low-power precision sensors.

• MEMS Accelerometers:
  • These are high-accuracy devices that help determine aircraft velocity and orientation.
• Example:
  • In March 2022, Honeywell launched the MV60, a new precision navigation sensor designed for aerospace, industrial, and marine applications.

FLYHT Aerospace Acquisition

FLYHT Aerospace Solutions has strengthened aviation safety through strategic acquisitions.

• Acquisition of WVSS-II Sensor Technology:
  • In September 2021, FLYHT acquired the water vapor sensing system (WVSS-II) product line from SpectraSensors Inc. for $500 million.
• Enhanced Capabilities:
  • This acquisition enhances FLYHT’s capabilities in airborne weather observation.

Market Segmentation

The aircraft sensors market is segmented by:

• Sensor Type: Temperature, Pressure, Position, Flow, Torque, Radar, Accelerometer, Proximity
• Aircraft Type: Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft, Unmanned Aerial Vehicle (UAV)
• Connectivity: Wired, Wireless
• Application: Engine, Door, Environmental Control
• End Use: Original Equipment Manufacturer (OEM), Aftermarket

Regional Insights

• North America:
  • Was the largest region in the aircraft sensors market in 2023.
• Asia-Pacific:
  • Expected to be the fastest-growing region in the forecast period.

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The Aircraft Sensors Global Market Report 2024  provides an overview of the aircraft sensors market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The aircraft sensors market forecast analyzes aircraft sensors market size, aircraft sensors market share, leading competitor and their market positions.

The Table Of Content For The Aircraft Sensors Market Include:
1. Aircraft Sensors Market Executive Summary
2. Aircraft Sensors Market Segments
3. Aircraft Sensors Market Size And Aircraft Sensors Market Growth Rate
4. Key Aircraft Sensors Market Trends
5. Major Aircraft Sensors Market Drivers
……
25. Key Mergers And Acquisitions In The Aircraft Sensors Market
26. Top Aircraft Sensors Companies
27. Aircraft Sensors Market Opportunities And Strategies
28. Aircraft Sensors Market, Conclusions And Recommendations
29. Appendix

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