Aircraft Sensors Market Size to Rise at 12.05% CAGR till 2027; Driven by the Presence of Numerous OEM and Sensor-Vendors across the World

The global aircraft sensors market size is projected to reach USD 2.57 billion by the end of 2027. The presence of several large scale OEMs and sensor manufacturers will aid the growth of the market in the coming years. According to a report published by Fortune Business Insights, titled Aircraft Sensors Market Size, Share & Covid-19 Impact Analysis, By Platform (Fixed-Wing Aircraft, Rotary Blade Aircraft, and UAV), By Sensor Type (Temperature, Pressure, Force, Speed, Torque, and Others), By Application (Engine Turbine & APU, Flight Control & Actuation, Landing Gear & Brakes and others),  By Connectivity (Wired Sensors and Wireless Sensors), By End Use (OEMs and Aftermarket) and Regional Forecast, 2020-2027“, the market was worth USD 2.23 billion in 2019 and will exhibit a CAGR of 12.05% during the forecast period, 2020-2027.

Aircraft sensors are mounted on aircraft bodies to detect unwanted obstruction in its path. They are used to locate obstructions and can notify pilots about these obstructions and avoid collisions or accidents. The importance of aircraft sensors cannot be overlooked. As a result, massive investments are being made in the research and development of efficient products, with a bid to minimizing accidents and enabling a seamless travel. The rising demand for new aircraft and subsequent applications of these sensors in the aviation industry will have a direct impact on the growth of the overall market in the coming years. The presence of several large scale aircraft sensor vendors operating across the world will contribute to the growth of the market. The high emphasis on the integration of advanced radar sensors in aircraft will open up a huge potential for the companies operating in the market.

Thales Group Bags Contract from French Defense Ministry

The report highlights a few of the major industry developments of recent times and states their impact on the global market. The increasing emphasis on technological intervention has yielded efficient products, which in turn, will emerge in favor of the companies operating in the market. In February 2019, Thales Group announced that it has received a contract from France’s Defense ministry for developing on-board RF and electro-optical sensors and communication system. The contract is aimed at the development of these sensor-based systems for the Rafale F4 multirole jet fighter. The contract is rumored to be around USD 2.3 billion and will be aimed at production of RF sensors for 28 updated Rafale jets. Thales’ contract with France Defense Ministry will not just help the company expand, but will also have a direct impact on the growth of the overall aircraft sensors market in the coming years.

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https://www.fortunebusinessinsights.com/industry-reports/aircraft-sensors-market-101816

Wireless Sensing to Enable a Wider Application Scope

The report includes several factors that have contributed to the growth of the market. The high investments in technological intervention have yielded a few exceptional products in recent years. The use of concepts such as AI and IoT has allowed real time applications. Growing demand for real-time applications has led to a wider adoption of wireless sensors; thereby creating a platform for growth for this type of sensor vendors across the world. Additionally, the variations in sensors such as flow sensors and temperature sensors have widened the application scope. The aforementioned factors have had a huge influence on the growth of the market in recent years.

 Major Companies Striving to Healthy Strong Government Relations

Accounting to the massive demand for aircraft sensors across the world, several businesses are looking to adopt strategies that will help them establish a wider consumer base. The use of sensors is rising rapidly in the aviation and aircraft sector. This has encouraged companies to collaborate with defense and military organizations and several companies are looking to maintain excellent relations with Armed forces and other such organizations, with the aim of acquiring high-value contracts.

List of companies profiled in the report:

• Honeywell International, Inc. (The U.S.)


• Ametek, Inc. (The U.S.)


• General Electric Company (The U.S.)


• Meggitt PLC (The U.K.)


• Safran S.A. (France)


• Woodward Inc. (The U.S.)


• Thales Group (France)


• Zodiac Aerospace (France)


• Curtiss-Wright Corporation (The U.S.)


• Schneider Electric SE (France)


• General Atomics Corporation (The U.S.)


• The Raytheon Company (The U.S.)


• TE Connectivity (Switzerland)


• Lockheed Martin Corporation (The U.S.)

The global market is segmented on the basis of: