PUNE, India, Feb. 07, 2019 (GLOBE NEWSWIRE) -- Global aircraft sensor market was valued at 1.6 billion USD in 2018 and is expected to reach 2.44 billion USD by 2027. In coming years, the market is expected to witness technological advancements and sensors that are more efficient, smarter and lighter would gain adoption. In 2018, the U.S. market was valued at around 583 million USD. The country is a leading manufacturer of military as well as commercial aircrafts, hence, is also among major markets of aircraft sensors. During next six years, the Asia Pacific region would witness year-on-year growth of 7% and is expected to exceed a market revenue of 700 million USD by 2027.
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“Number of aircrafts in emerging markets is increasing at a notable pace with rising disposable income and standard of living. This is also impacting the demand for various sensors that are used as a necessary component in these aircrafts. Apart from this, demand for advanced aircraft sensors from military and defense industry would continue to rise at a notable pace in coming years.”
In terms of sensor types, the temperature sensor segment generates largest share of revenue on account of their extensive usage. The segment accounted for a revenue of 445 million USD in 2018. Rising investments towards in-house production of military aircrafts in emerging economies like India would lead to demand for aircraft sensors in such countries in coming years.
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The detailed research study provides qualitative and quantitative analysis of aircraft sensor market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue as well as sales volume across regions and further, across all the major countries. The supply side analysis covers regional production volume and capacity analysis. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East, Africa, and Latin America.
Some of the major players operating in the global aircraft sensor market are: AMETEK, Inc., Collins Aerospace, Curtiss-Wright Corporation, Esterline Technologies Corporation, GENERAL ELECTRIC, Honeywell International Inc, Meggitt PLC, Raytheon Company, Safran (Zodiac Aerospace), TE Connectivity, and Thales Group, among others.
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By Sensor Type
- Temperature
- Pressure
- Position
- Flow
- Torque
- Radar
- Accelerometers
- Proximity
By Application
- Engine
- Landing Gear, Brakes & wheels
- Fuel Systems
- Cabin & Cargo Compartment
- Others
By End-use
- Commercial & Business Aircraft
- Military Aircraft
By Geography
- North America
- U.S.
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Southern Africa
- Rest of Middle East and Africa
- Latin America
- Brazil
- Rest of Latin America
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