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Aircraft Sensors Market

Published Date: December, 2022
No of Pages: 164
Delivery Format: PDF+ Excel

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The market for aircraft sensors is anticipated to expand at a CAGR of about 6% from 2020 to 2025.

Numerous uses for aircraft sensors include communication, navigation, weather monitoring, and engine monitoring. The rising demand for air travel, the requirement for effective aircraft operations, and the strict laws governing aircraft safety can all be related to the rising demand for aircraft sensors.

The rising demand for air travel and the necessity for effective aircraft operations are predicted to be the main drivers of the market for aircraft sensors. Due to rising disposable incomes and a need for quicker and more convenient modes of transportation, demand for air travel is rising. Reduced fuel use and emissions are the primary drivers of the demand for efficient aeroplane operations.

Type, application, and geographic segments are used to categorise the aviation sensors market.

Pitot tubes, air data computers, attitude and heading reference systems, engine pressure ratio sensors, and other products are classified as types in the market.

The market is divided into three categories based on application: general aviation, commercial aviation, and military aviation.

Geographically, there are five regions that make up the aircraft sensor market: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Honeywell International Inc., Rockwell Collins, United Technologies Corporation, Thales Group, Leonardo S.p.A., and Garmin Ltd. are the major participants in the aircraft sensors market.

2. Market Challenges for Aircraft Sensors
During the forecast period of 2019–2024, the worldwide aircraft sensor market is anticipated to expand at a CAGR of more than 5%. The increasing demand for aeroplanes, the need for higher fuel efficiency, and the growing safety concerns are the main factors driving the growth of this industry. There are significant obstacles, nevertheless, that could prevent this market from expanding.

The high price of sensors is one of the main obstacles. The cost of aircraft sensors is very high and has been steadily rising over time. Airlines have been hesitant to instal them on their planes for a variety of reasons, including this one.Additionally, sensors need to be replaced and maintained on a regular basis, which raises the price.

The absence of standards presents another difficulty. There are numerous types of sensors on the market, and each one has benefits and drawbacks of its own. Airlines find it challenging to select the best kind of sensor for their aircraft as a result. Additionally, the lack of a universal standard for aeroplane sensors makes the situation more complicated.

The complexity of integrating sensors with current aircraft systems is yet another issue. For sensors to function successfully, they must be appropriately integrated with the systems of the aircraft. This is a difficult and drawn-out process that frequently causes delays and higher expenditures.

The market for aviation sensors is anticipated to expand at a healthy rate in the years to come, despite the difficulties. This is brought on by the rise in aircraft demand, the demand for higher fuel efficiency, and the rise in safety concerns.

3. Key Trends in the Aircraft Sensors Market
The market for aviation sensors is anticipated to increase from USD 2.73 billion in 2018 to USD 4.06 billion by 2025, at a compound annual growth rate (CAGR) of 6.9%. The increasing demand for aircraft from the commercial and military aviation sectors is blamed for the expansion of the aircraft sensor market.

Based on type, technology, platform, function, and geography, the aviation sensor market has been divided. The aviation sensor market has been divided into categories based on type, including temperature, pressure, humidity, speed and vibration, and Z-axis. During the forecast period, the pressure sensor segment is anticipated to increase at the greatest CAGR. Based on technology, the aviation sensor market has been divided into analogue and digital segments.During the forecast period, the analogue segment is anticipated to increase at the highest CAGR. The market for aircraft sensors has been divided into fixed-wing and rotary-wing aircraft based on platform. The segment for rotary-wing aircraft is anticipated to experience the highest CAGR growth over the forecast period. The market for aircraft sensors has been divided into navigation, communication, and surveillance segments based on function. In 2018, the aviation sensor market is anticipated to be led by the navigation sector.

During the forecast period, North America is anticipated to dominate the aviation sensor market. Due to the region’s strong demand for aircraft from both the commercial and military aviation sectors, this region accounts for a sizable portion of global aircraft production. Asia Pacific is expected to experience the fastest CAGR growth in the aircraft sensor market during the forecast period. The rising demand for aircraft from the commercial aviation industry in nations like China and India can be linked to the expansion of the aircraft sensor market in this region.

Honeywell International Inc., Rockwell Collins Inc., United Technologies Corporation, Ametek Inc., Safran S.A. (France), Leonardo S.p.A. (Italy), Collins Aerospace (US), Zodiac Aerospace (France), and SAAB AB are the leading companies in the aviation sensor business (Sweden). These firms have used a variety of growth tactics, including product expansions and new market

4. Impact of the Aircraft Sensors Market on COVID 19
The global economy has been significantly impacted by the COVID-19 pandemic, with the aviation industry being one of the hardest hit. According to the International Air Transport Association (IATA), the pandemic would cost the aviation sector $252 billion in 2020. The business was expected to generate $838 billion in earnings in 2020; therefore, this is a huge decline.

Applications for aircraft sensors include engine monitoring, flight control, and navigation. In 2019, the market for aircraft sensors was valued at $4.2 billion, and from 2020 to 2025, it is anticipated to increase at a CAGR of 6.9%. In 2020, it’s anticipated that the COVID-19 epidemic will negatively affect the market for aircraft sensors. It is anticipated that the pandemic’s impact on air travel will result in a fall in demand for aircraft sensors.

The supply chain for the market for aviation sensors is anticipated to be negatively impacted by the decline in demand for aircraft sensors. The production of aviation sensors will drop as a result of the decline in demand, which will also result in a decrease in revenue for aircraft sensor providers and manufacturers. In 2020, it’s anticipated that the COVID-19 epidemic will negatively affect the market for aircraft sensors. As the aviation industry continues to recover from the pandemic, the market is anticipated to rebound in 2021 and resume growth in 2022.

5. Major Market Developments in the Aircraft Sensors Industry
An instrument called an aircraft sensor is used to monitor different physical properties like temperature, pressure, humidity, etc. and turn them into electrical impulses that the aircraft’s instruments can understand. Numerous applications, including navigation, aircraft control, engine control, and environmental control, make use of these sensors.

From 2019 to 2024, the market for aviation sensors is anticipated to expand at a CAGR of 6.1%.

The demand for aircraft is growing, there is a need for higher fuel efficiency, and there are strict regulations governing aircraft safety, which are the key drivers of this market.

The following are a few of the significant market advancements for aviation sensors:

1. The Air Data Inertial Reference Unit (ADIRU), a novel aviation sensor from Honeywell International Inc. Airspeed, altitude, and direction are all measured by this sensor in aircraft.

2. The Air Data Computer (ADC), a novel aircraft sensor created by Rockwell Collins. This sensor is used to measure many factors, including airspeed and altitude.

3. The GNSS receiver is a brand-new aeroplane sensor created by Garmin International Inc. In order to receive satellite signals for navigation, this sensor is employed in aeroplanes.

4. The Air Data Temperature Sensor is a brand-new aircraft sensor created by Airbus (ADTS). The air temperature is measured by this sensor.

5. The Air Data Pressure Sensor is a brand-new aircraft sensor that Boeing has created (ADPS). The air pressure is measured using this sensor.

Conclusions for the Aircraft Sensors Market
From 2016 to 2021, the market for aircraft sensors is anticipated to expand at a CAGR of 6.31%. The commercial, military, and business aviation sectors’ rising demand for aircraft sensors is what is driving the market.

During the forecast period, the commercial aviation segment is anticipated to dominate the market for aircraft sensors. The necessity for improved aeroplane safety and the rising volume of air travel are both contributing factors to the expansion of this market.

The category for military aviation is anticipated to experience the highest CAGR growth during the forecast period. This expansion can be linked to the rising military aviation spending by numerous nations, including the US, China, and India.

During the forecast period, the North American region is anticipated to dominate the market for aircraft sensors. This rise might be attributed to the region’s growing demand from the business aviation, military aviation, and commercial aviation sectors for aircraft sensors.

The highest CAGR is anticipated for the Asia-Pacific region during the forecast period. This expansion can be linked to the region’s growing need for improved aviation safety as well as the development of air traffic.

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