Global Aircraft Sensors Market to Reach US$ 6.9 Billion by 2028, Fostered by Rising Product Demand Across Aviation Industry

April 14, 2023 | Aerospace and Defense

According to the latest report by IMARC Group, titled "Aircraft Sensors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global aircraft sensors market size reached US$ 4.4 Billion in 2022. Aircraft sensors are devices that measure physical quantities, such as temperature, pressure, speed, and altitude, and provide data to the aircraft's control systems for navigation, monitoring, and safety purposes. There are devices installed on aircraft to gather information about the surroundings, internal systems, and the environment of an aircraft. These sensors are critical components of modern aircraft, as they help pilots make informed decisions and adjust their flight plans in real-time. They also help in optimizing flight paths, reducing fuel consumption, and lowering operating costs. Some common aircraft sensors include airspeed sensors, which measure the speed of the aircraft relative to the air around it, altimeters, which measure the altitude of the aircraft above sea level, temperature sensors, which monitor engine and cabin temperatures, and pressure sensors, measure the pressure of the air inside and outside the aircraft. 

Global Aircraft Sensors Market Trends:

Significant growth in the aviation sector is driving the global market. Along with this, the rising incidences of cross-border terrorist activities, drug trafficking, illegal trespassing, and increasing funds in the defense industry are catalyzing the market across the globe. Furthermore, the rising adoption of aircraft sensors for in-flight entertainment, monitoring aircraft performance, and ensuring smooth operations is favoring the growth of the market. With the growing number of air travelers and increasing air traffic, the aviation industry is heavily investing in enhancing safety and reliability while also reducing costs, thus providing a boost to the demand. Besides, the growing need for fuel efficiency is fuelling the market as aircraft sensors can help airlines optimize fuel consumption by providing data on engine performance, weather conditions, and other factors that affect fuel efficiency. Moreover, the increasing integration of the internet of things (IoT) in airplanes to gain real-time statistics is raising the utilization and need for sensors to generate more accurate data, which in turn is creating a positive market outlook. In line with this, the development of new sensor technologies, such as fiber optic sensors and micro-electromechanical systems (MEMS) sensors, is augmenting the market as they offer improved accuracy, reliability, and durability compared to traditional sensors. Apart from this, the increasing investments by the governments of several countries in advanced aircraft sensors to protect citizens from internal and external threats are impacting the market favorably. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 6.9 Billion by 2028, exhibiting a growth rate (CAGR) of 7.50% during 2023-2028. 

Market Summary:

  • On the basis of the aircraft type, the market has been divided into fixed wings, rotorcraft, and others. Currently, the fixed wings represented the largest market segment.
  • Based on the sensor type, the market has been segmented into proximity, temperature, optical, pressure, force, flow, radar, and other sensors. Among these, temperature sensors exhibit a clear dominance in the market.
  • On the basis of the connectivity, the market has been bifurcated into wired and wireless sensors. Wired sensors presently account for the largest market share.
  • Based on the application, the market has been classified into flight decks, landing gear systems, weapon systems, fuel, hydraulic, and pneumatic systems, engine/propulsion, cabin and cargo environmental controls, aerostructures and flight control, and others.
  • On the basis of the end use, the market has been segregated into OEM and aftermarket. Currently, OEM exhibits a clear dominance in the market.
  • Based on the regional insights, the market has been categorized into North America (the United States, and Canada), Europe (Germany, France, United Kingdom, Italy, Spain, and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa. Among these, North America holds the leading position in the market.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include Ametek, Inc., Amphenol Corporation, BAE Systems, Curtiss-Wright Corporation, Eaton Corporation, General Atomics Corporation, Honeywell International Inc., Parker Meggitt (Parker Hannifin Corporation), Safran Electronics & Defense, and TE Connectivity Ltd.

Report Scope:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Aircraft Types Covered Fixed Wings, Rotorcraft, Others
Sensor Types Covered Proximity Sensors, Temperature Sensors, Optical Sensors, Pressure Sensors, Force Sensors, Flow Sensors, Radar Sensors, Others
Connectivities Covered Wired Sensors, Wireless Sensors
Applications Covered Flight Decks, Landing Gear Systems, Weapon Systems, Fuel, Hydraulic, and Pneumatic Systems, Engine/Propulsion, Cabin and Cargo Environmental Controls, Aerostructures and Flight Control, Others
End Uses Covered OEM, Aftermarket
Regions Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Ametek, Inc., Amphenol Corporation, BAE Systems, Curtiss-Wright Corporation, Eaton Corporation, General Atomics Corporation, Honeywell International Inc., Parker Meggitt (Parker Hannifin Corporation), Safran Electronics & Defense, TE Connectivity Ltd, etc.
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Global Aircraft Sensors Market to Reach US$ 6.9 Billion by 2028, Fostered by Rising Product Demand Across Aviation Industry
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