Aircraft Sensors Market Cruising Skyward

MarketsandMarkets’ research report, titled "Aircraft Sensors Market by Connectivity, Platform (UAV, Fixed, Rotary), Sensor (Pressure, Temperature, Speed, Proximity, Gyro) Application (Engine, Door, Environmental Control), End Use (OEM, Aftermarket), and Region - Global Forecast to 2025", foresees the aircraft sensors market growing from $3.8 billion in 2019 to $4.9 billion by 2025, at a CAGR of 4.48%. Increasing aircraft orders is one factor driving the market. According to the Boeing Current Market Outlook 2018, the demand for commercial aircraft will grow significantly in the future. Rising military expenditure of emerging economies will also contribute to increased market share.

Notes

  • Based on application, the flight deck & flight controls segment of the aircraft sensors market is estimated to account for the largest market share during the forecast period.
  • Based on platform, the UAV segment of the aircraft sensors market is projected to grow at the highest CAGR from 2019 to 2025.
  • Based on connectivity, the wireless sensors segment of the aircraft sensors market is projected to grow at a higher CAGR from 2019 to 2025.
  • North America is estimated to be the largest market for aircraft sensors in 2019.
  • Key players operating in the aircraft sensors market are Honeywell International, Inc., (US), TE Connectivity Ltd. (Switzerland), Ametek, Inc. (US), General Electric Company (US), Meggitt PLC (UK), Safran Electronics & Defense (France), Woodward Inc. (US), Thales Group (France), and Zodiac Aerospace (France).

Need more flight data? Browse the "Aircraft Sensors Market" report.

Free Newsletter

Like this article? Subscribe to FierceSensors!

The sensors industry is constantly changing as innovation runs the market’s trends. FierceSensors subscribers rely on our suite of newsletters as their must-read source for the latest news, developments and analysis impacting their world. Register today to get sensors news and updates delivered right to your inbox.

MarketsandMarkets Inc.

Northbrook, IL

888-600-6441

[email protected]

https://www.marketsandmarkets.com

Suggested Articles

MarketsandMarkets says the low-light imaging market is expected to grow from $10.04 billion in 2019 to $18.36 billion by 2024.

SiC can make medical devices more perceptive, it can make electronics more energy-efficient, and it can help sensors perform in higher temperatures.

Components supplier CTS Corporation has acquired temperature sensor supplier Quality Thermistor, Inc. (QTI), for $75 million in cash.