(I-BusinessNews.Com, November 24, 2018 )
Stratview Research announces the launch of a new research report on Aircraft Sensors Market by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Very Large Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft, and UAV), by Sensor Type (Pressure, Temperature, Speed, Proximity, Gyro, and Others), by Application Type (Engine, Airframe, Flight Deck & Control System, Fluid Conveyance, Landing Gear, Environment Control System, Interior, and Others), by Connectivity (Wire and Wireless), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017-2022.
The Aircraft Sensors Market: Highlights
The Aircraft Sensors Market offers attractive growth opportunities in the entire ecosystem of the market. The aircraft sensors market is expected to grow at a healthy CAGR of 5.8% over the next five years to reach US$ 2.1 billion in 2022. Increasing production rates of key commercial aircraft programs, the introduction of variants of the best-selling aircraft programs, market entry of players, rising aircraft fleet size, increasing electronic components in the next-generation aircraft, and high focus on passenger safety and fuel efficiency are major growth drivers of the Aircraft Sensors Market.
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The aircraft sensors market is segmented based on the aircraft type as narrow-body aircraft, wide-body aircraft, very large aircraft, regional aircraft, general aviation, helicopter, military aircraft, and UAV. Narrow-body aircraft is expected to remain the largest segment of the aircraft sensors market during the forecast period, propelled by increasing aircraft deliveries to support rising passenger and cargo traffic, the introduction of variants of existing programs, and rising commercial aircraft fleet size. Airbus anticipated that approximately 34,900 commercial aircraft will be delivered during 2017-2036. This will create a sustainable demand for sensors during the forecast period.
The key sensor manufacturers for the aircraft industry are Honeywell International Inc, TE Connectivity Ltd., UTC Aerospace Systems, Zodiac Aerospace, Ametek, Inc., Meggitt Plc, Safran Electronic & Defense, Curtiss-Wright Corporation, and Esterline Technologies Corporation. New product development, the formation of long-term contracts, and a wide geographical presence are some of the key strategies adopted by the key players to gain a competitive edge in the market.
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