Aeroderivative Sensor Market

Aeroderivative Sensor Market Size: 

The aeroderivative sensor market size reached US$ 310 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 702 Million by 2032, representing a growth rate (CAGR) of 9.2% during 2024-2032. The escalating demand for gas turbines, rising focus on aircraft performance and efficiency, trend of smart manufacturing, and increasing usage of urban air mobility (UAM) and unmanned aerial vehicles (UAV) are some of the crucial trends impelling the market growth.

Aeroderivative Sensor Market Analysis:

• Major Market Drivers: There is a rise in the focus on aircraft performance and efficiency. This, coupled with the growing demand for gas turbines, is influencing the market positively.
• Key Market Trends: The burgeoning aerospace industry and the increasing demand for condition monitoring and predictive maintenance are stimulating the market growth.    
• Geographical Trends: North America enjoys a leading position in the market owing to the rising focus on natural gas. Nonetheless, Asia Pacific maintains a strong presence in the market, driven by the increasing need for aeroderivative gas turbines.  
• Competitive Landscape: Top market players in the aeroderivative sensor industry are Bently Nevada (Baker Hughes), EthosEnergy, Meggitt, KISTLER INSTRUMENT CORP, Unison, Conax Technologies, Auxitrol Weston., among many others.
• Challenges and Opportunities: Stringent regulations and certification create a challenge to the market. However, the introduction of advanced technologies and the focus on sustainability represent recent market opportunities.
   

Aeroderivative Sensor Market Drivers:

Growing Demand for Gas Turbines

The escalating demand for aeroderivative sensors on account of the rising need for gas turbines is propelling the market growth. Gas turbines are used in various applications, such as power generation, marine, and oil and gas, owing to their flexibility and efficiency. Aeroderivative sensors are crucial for monitoring and optimizing the performance of these turbines. Furthermore, various companies are introducing aeroderivative products for gas turbines. On 22 November 2023, PROENERGY unveiled a new 48-MW aeroderivative gas turbine designed to quickly respond to gaps in power supply and demand. The PE6000 model was unveiled as a finale to PROENERGY’s annual user conference, held in Houston, Texas. Each PE6000 begins with an overhauled engine core from a CF6-80C2, a GE aircraft engine design that is commonly found in Boeing 747s and some other planes.

Rising Focus on Aircraft Performance and Efficiency

The growing demand for aeroderivative sensors on account of the increasing focus on aircraft performance and efficiency is positively influencing the market. Aircraft manufacturers are adopting these sensors to improve fuel efficiency, reduce emissions, and enhance the performance of aircraft. These sensors help in monitoring engine performance, air data, and environmental conditions to optimize aircraft operations. In line with this, the rising adoption of aircraft for traveling purposes among people is driving the demand for aeroderivative sensors. Airbus states that the demand for passenger traffic will grow annually at a CAGR of 3.6% during 2019-2042.

Trend of Smart Manufacturing

There is a rise in the focus on smart manufacturing practices. This, coupled with the growing adoption of remote monitoring systems, is positively influencing the market. Aeroderivative sensors offer data predictive maintenance that benefits in the early detection of potential issues and prevents expensive downtime. On 30 August 2023, Kistler acquired a plot of land in Winterthur, which is located adjacent to the company's current headquarter. In addition, the factory focuses on combining the most modern processes with a high level of automation and establish the world's largest production facility for piezoelectric sensors.

Increasing Usage of Urban Air Mobility (UAM) and Unmanned Aerial Vehicles (UAV)

There is a rise in the need for aeroderivative sensors due to the adoption of UAM and UAV among individuals and industries for various purposes. UAM and UAV are widely used for commercial, military and defense, and recreational purposes. Aeroderivative sensors are suitable for small and large UAVs. These UAMs and UAVs assist in accessing remote or dangerous areas, facilitating environmental monitoring, and capturing high-resolution imagery. As per Gitnux, the drone market is anticipated to reach US$ 42 Billion by 2025 around the world.

Aeroderivative Sensor Market Opportunities:

Targeting Emerging Markets

The thriving aerospace and defense sector is contributing to the aeroderivative sensors market demand. Force and vibration sensors are used on aircraft to measure the torque and force in braking and actuation systems as well as in-flight controls. Besides this, aeroderivative sensors can monitor engine performance, temperature, and pressure to ensure safe and efficient flight operations. Furthermore, governing authorities of several countries are investing in advanced technologies in the aerospace sector, which is catalyzing the demand for aeroderivative sensors. For instance, in the Indian Union Budget 2022, the Defense budget was around US$ 70 Billion, which showcased an increase of 10% as compared to 2021.

Advanced Technologies

Top manufacturers are focusing on advancing aeroderivative sensors to provide enhanced functionality. They are integrating advanced technologies like artificial intelligence (AI) and machine learning (ML) to enable valuable insights for predictive maintenance and performance optimization. Besides this, they are focusing on providing wireless sensor solutions that can be easily installed and lower wiring complexities. Wireless technology also assists in enabling easier data transmission for remote monitoring. Wilcoxon Sensing Technologies introduced a LVEP050-TO5 ultra-low power accelerometer on 12 October 2023. The product is designed to be embedded into wireless vibration sensors and other battery-powered vibration measurement applications.

Focus on Sustainability

There is an increase in the focus on maintaining environmental sustainability in various sectors. Rising concerns about sustainability create opportunities for aeroderivative sensor manufacturers to develop products that benefit in optimizing fuel-efficiency and lowering carbon footprint. Furthermore, companies in the aerospace sector are focusing on aligning with greener initiatives to minimize carbon footprint. For instance, Meggitt PLC, a leading international company specializing in high performance components and subsystems for the aerospace, defense and selected energy markets, welcomed Paul Scully MP, Parliamentary Under-Secretary of State for Small Business, Consumers and Labor Markets to their new headquarters in Ansty on 23 July 2021. This aims to support sustainable aviation and manufacture the Government’s 10-point plan for a green industrial revolution.

Collaboration and Partnership

Collaborations, partnerships, and mergers and acquisitions (M&A) between sensor manufacturers, aerospace companies, research institutions, and governing authorities are bolstering the market growth. These initiatives encourage innovation and drive the development of advanced solutions that can cater to the unique needs of various sectors. On 13 September 2022, Parker Hannifin Corporation completed its acquisition of Meggitt PLC for £1.63 Billion. Meggitt will add complementary technologies, increase Parker Aerospace’s aftermarket mix through recurring revenue, and enhance growth opportunities through commercial aerospace recovery.

Key Technological Trends and Development:

Compact Piezoelectric Accelerometer

The piezoelectric accelerometer is used for vibration measurements due to its better all-round characteristics as compared to any other type of vibration transducer. It has a wide frequency and dynamic ranges with enhanced linearity throughout the ranges. It can be well suited for measuring high-frequency acceleration signals found in hydraulic and pneumatic perturbations, impulse forces, machinery and equipment vibrations, and pyrotechnic shock. Furthermore, companies in the market are focusing on advancing their products to cater to a wide range of industries. On March 2023, Kistler improved the piezoelectric accelerometer family 8766A for measuring vibrations in surroundings with extreme temperature changes. The integrated electronics piezoelectric (IEPE) triaxial accelerometers of the 8766A family feature lower noise thresholds for all its ranges, resulting in even more accurate measurements. In addition, the new generation includes a model suitable for a measuring range of 2000 g.

Micro-Electro-Mechanical Systems Technology

Micro-electro-mechanical systems (MEMS) are technologies that can be defined as miniaturized mechanical and electro-mechanical elements, which are made using the techniques of microfabrication. The critical physical dimensions of MEMS devices can vary from one micron on the lower end of the dimensional spectrum, all the way to several millimeters. On 20 March 2024, Teledyne Gas and Flame Detection incorporated cutting-edge MEMS sensor technology in their high-performance OLCT 100-XP-MS range of flammable gas detectors. MEMS technology takes gas detection to an even higher level of capability and provides precise readings in % LEL correlated with the specific gas or blended gas/vapor clouds present in the environment.

Wireless Technology

Wireless technology is rapidly integrated into aeroderivative sensors, as it benefits in offering enhanced performance and functionality. On October 2023, Parker Meggitt, a leading international aerospace and defense business unit of Parker Aerospace, announced that on August 1 it received supplemental type certificate (STC) for iPRESS™, a long-range wireless tire pressure gauge for aviation and the product is now available for a variety of aircraft. The sensor delivers an enhanced user experience while verifying inflation pressure using the company’s wireless tire pressure sensor (WTPS), and a new tire pressure status feature that is integrated into an app for smartphones and tablets.

Miniature Pressure Sensor

Miniature pressure sensors are small-sized pressure sensors, also known as mini pressure transducers, are small-sized pressure sensors that use the piezo-resistive measuring principle to measure pressure.  Moreover, pressure transducers are used to measure liquid, pressure, gas flow, velocity, and water level and altitude. Besides this, various market players are launching products that provide enhanced stability. For example, Baker Hughes launched its latest product for hydrogen–Druck hydrogen-rated pressure sensors on 19 September 2023. These are designed to offer longer term stability and withstand harsh environments. These sensors can be used in a variety of applications, including gas turbines, hydrogen production electrolysis, and hydrogen filling stations.

Integration of Internet of Things

The integration of the Internet of Things (IoT) in aeroderivative sensors for enhanced safety, performance, and efficiency is contributing to the market growth. IoT-enabled aeroderivative sensors provide real time monitoring of engine parameters, such as temperature, pressure, and vibration, from anywhere with internet connectivity. Apart from this, the rising focus on remote solutions is propelling the market growth. According to IoT Analytics, the global number of connected IoT devices grew another 16%, to 16.7 billion active endpoints in 2023.

Aeroderivative Sensor Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with market forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on sensor type, service provider, and end user.

Breakup by Sensor Type:

• Temperature Sensor
• Accelerometer
• Pressure Sensor
• Vibration Sensor
• Flame Sensor
• Others
   

Flame sensor accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the sensor type. This includes temperature sensor, accelerometer, pressure sensor, vibration sensor, flame sensor, and others. According to the report, flame sensor represented the largest segment.

A flame sensor is a device that is used to detect and respond to the occurrence of a fire or flame. It can be built with an electronic circuit using a receiver like electromagnetic radiation. It uses the infrared flame flash method, which allows the sensor to work through a coating of oil, dust, or water vapor. Furthermore, several companies are improving their fame detection products to offer improved safety solutions in various settings. On 18 May 2021, Riello launched an upgraded version of its RDB kerosene burners with flame-detection ionisation probes. Moreover, these ionisation probes are a simpler means of flame supervision as compared to other methods. They have a defined life expectancy of approximately 20,000 hours, providing double the expected life of an ultraviolet (UV) flame sensor.

Breakup by Service Provider:

• After Market
• OEM
   

OEM holds the largest share of the industry

A detailed breakup and analysis of the market based on the service provider have also been provided in the report. This includes after market and OEM. According to the report, OEM accounted for the largest market share.

Original equipment manufacturers (OEM) design and produce various aeroderivative sensors to monitor critical parameters, ensure optimal performance, and meet regulatory requirements. OEMs leverage aeroderivative sensors to implement predictive maintenance strategies. Besides this, on 27 July 2023, GE Vernova’s Gas Power business announced orders for both the supply and the operation and maintenance activities of a simple cycle power plant consisting of 8 GE LM2500XPRESS aeroderivative gas turbines from the Electricity Supply Board of Ireland (ESB) for their facility in Shannonbridge, County Offaly, Ireland.

Breakup by End User:

• Industrial
• Marine
   

Industrial represents the leading market segment 

The report has provided a detailed breakup and analysis of the market based on the end user. This includes industrial and marine. According to the report, industrial represented the largest segment.

Aeroderivative sensors are widely used in various industrial settings, such as aerospace, power generation, oil and gas, and chemicals, for enhanced safety, performance, and energy-efficiency. Top players are also incorporating advanced technologies that deliver exceptional performance. On 29 January 2024, Melexis announced a new sensor technology that promises to advance electric vehicle thermal management systems. The micro-electro-mechanical systems (MEMS) sensor uses a patented design that delivers a more robust MEMS pressure sensor. These sensors can measure gaseous and liquid states and survive solid states, which shows their ability to withstand under all conditions.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East
• Africa
   

North America leads the market, accounting for the largest aeroderivative sensor market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Latin America (Brazil, Mexico, and others); the Middle East; and Africa. According to the report, North America represents the largest regional market for aeroderivative sensor.

The rising adoption of aeroderivative sensors in the North America region due to favorable government initiatives is supporting the market growth. In addition, the increasing focus on natural gas is propelling the market growth in the region. On 26 September 2022, New York Power Authority (NYPA), the nation’s largest state public power organization, and GE demonstrated combustion of the hydrogen-natural gas blend on an LM6000 SAC gas turbine at NYPA’s 2001-opened 45-MW Brentwood small clean power plant in Suffolk County, Long Island, New York. A pioneering GE aeroderivative gas turbine project to demonstrate hydrogen combustion as part of a retrofit at an existing U.S. natural gas power plant.

Analysis Covered Across Each Country:

• Historical, current, and future market performance
• Historical, current, and future performance of the market based on sensor type, service provider, and end user.
• Competitive landscape
• Government regulations
   

Competitive Landscape:

The market research report has provided a comprehensive analysis of the competitive landscape covering market structure, market share by key players, market player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant, among others. Detailed profiles of all major companies have also been provided. This includes business overview, product offerings, business strategies, SWOT analysis, financials, and major news and events. Some of the major market players in the aeroderivative sensor industry include Bently Nevada (Baker Hughes), EthosEnergy, Meggitt, KISTLER INSTRUMENT CORP, Unison, Conax Technologies, Auxitrol Weston. Key manufacturers in the market are collaborating with governing agencies to provide innovative aeroderivative sensors solutions to various sectors. Governing authorities of various countries are also providing funding to the key players that accelerate the market expansion. On 8 January 2024, GE Vernova’s Gas Power business announced that it has secured an order from Queensland Government-owned energy company CS Energy for 12 LM2500XPRESS* aeroderivative gas turbines for a new power station in the Western Downs Region, west of Brisbane, in Queensland, Australia.

Analysis Covered for Each Player:

• Market Share
• Business Overview
• Products Offered
• Business Strategies
• SWOT Analysis
• Major News and Events
   

Recent Developments:

• 11 April 2023: GE secured a contract from UCED Group, the energy division of Czech investment group CREDITAS Group, focused primarily on long-term investments in conservative industries. GE will supply a LM6000 PC Sprint aeroderivative gas turbine to expand UCED Prostějov reserve power plant to help stabilize the grid and support renewables growth in the Czech Republic.  
• March 2024, Kistler's existing range of cylinder pressure sensors has been successfully tested for resilience when used in hydrogen internal combustion engines.
   

Aeroderivative Sensor Market Report Scope:

Key Questions Answered in This Report:

• How has the global aeroderivative sensor market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global aeroderivative sensor market?
• What is the impact of each driver, restraint, and opportunity on the global aeroderivative sensor market?
• What are the key regional markets?
• Which countries represent the most attractive aeroderivative sensor market?
• What is the breakup of the market based on the sensor type?
• Which is the most attractive sensor type in the aeroderivative sensor market?
• What is the breakup of the market based on the service provider?
• Which is the most attractive service provider in the aeroderivative sensor market?
• What is the breakup of the market based on the end user?
• Which is the most attractive end user in the aeroderivative sensor market?
• What is the competitive structure of the market?
• Who are the key players/companies in the global aeroderivative sensor market?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the aeroderivative sensor market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global aeroderivative sensor market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the aeroderivative sensor industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.