Oct 20, 2022   SOURCE: BusinessWire

Global Aircraft Sensors Market (2022 to 2027) - Increased Adoption of Internet of Things in Aviation Industry Presents Opportunities - ResearchAndMarkets.com

The "Global Aircraft Sensors Market by Aircraft type (Fixed-wing, Rotary-wing, UAVs, AAM), Application (Engine, Aerostructures, Fuel & Hydraulic, Cabin), Sensor Type, End Use (OEM, Aftermarket), Connectivity (Wired, Wireless) and Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The Aircraft Sensors Market is projected to grow from USD 4.7 billion in 2022 to USD 7.0 billion by 2027, at a CAGR of 8.3% during the forecast period

The aviation industry is witnessing major transformations in terms of technological advancements in aircraft models. This has given rise to improvements in the sensor networks used in aircraft. More electric and hybrid electric aircraft are part of the future of the aviation industry, with their adoption rate expected to significantly increase in the future.

Fixed Wing segment to witness largest market share in the forecast period

By Aircraft Type, the fixed wing segment is expected to growth the highest in the forecast period. The increase in air traffic is driving the demand for commercial aircraft across all regions.

The increasing air traffic is also driving the need to ensure safety and health of these aircrafts. Hence advanced and efficient sensors solutions are required to ensure health and safety of these aircraft. This is one of the major factors driving the need for aircraft sensors.

Temperature Sensors to witness highest growth in the forecast period

Based on Sensor type, the Temperature sensors are witnessing highest growth in the forecast period. Temperature sensors are widely used for application in fuel temperatures, outside air temperature, cabin temperature, cargo temperature, and turbine inlet temperature.

Increasing air traffic, higher operating costs, and greater performance demands have made precision air data measurements necessary for safety and maximum performance. Thus, accurate and reliable total temperature measurement is essential for the efficient operation of aircraft.

Market Dynamics

Drivers

  • Increased Usage of Sensors for Data Sensing & Measurement
  • Advancements in Micro-Electrical-Mechanical Systems (Mems) Technology
  • High Demand for Sensors in Military UAVs

Restraints

  • Frequent Calibration of Sensors to Ensure Efficient Working of Systems

Opportunities

  • Increased Adoption of Internet of Things in Aviation Industry
  • Increasing Need for Sensors for Structural Monitoring

Challenges

  • Cybersecurity Risks

Companies Mentioned

  • Aerosonic
  • Ametek Inc.
  • Amphenol Corporation
  • Circor Aerospace
  • Crane Aerospace & Electronics
  • Curtiss-Wright Corporation
  • Eaton Corporation
  • General Electric Company
  • Honeywell International Inc.
  • Kongsberg Gruppen ASA
  • L3Harris Technologies, Inc.
  • Lockheed Martin Corporation
  • Lord Sensing Stellar Technology
  • Meggitt plc
  • Safran Group
  • Sensor Systems LLC
  • Systron Donner Inertial
  • TDK Corporation
  • TE Connectivity Ltd.
  • Thales Group
  • The Bosch Group
  • Trimble Inc.
  • Ultra Electronics
  • Vectornav Technologies LLC
  • Woodward Inc.

For more information about this report visit https://www.researchandmarkets.com/r/vkmqzl