The global aircraft sensors market is projected to have an average-paced CAGR of 9.1% during the forecast period. The current valuation of the market is USD 6,233.7 million in 2023. The market value of the aircraft sensors market is anticipated to surpass a market valuation of USD 13,211.0 million by 2033. A historical market valuation of USD 5,756.0 million has been recorded by the analysts of Future Market Insights for the concerned market during the base year.
Significant Factors influencing the Growth of the Market are:
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
It is well established that the aviation sector adheres strictly to norms and guidelines regarding the use of electrical components. The manufacturers require following a certain set of guidelines related to design and safety concerns. Aviation safety agencies are imposing stringent regulations that are estimated to impede the growth of the market in the long run.
In addition to that, factors like privacy and security concerns are also expected to hinder the pace of advancement for the aircraft sensors market. Since the aviation sector is an open ecosystem, it is more exposed to the outer world. It has replaced the closed systems that only have communication with one another.
UAVs make use of a wide range of sensors for improving vehicle operations and gathering data. They use advanced sensor technologies such as LIDAR sensors for imaging and navigation purposes are estimated to stir up the market dynamics in the aircraft sensors industry.
The surging adoption of UAVs in the military for surveillance, reconnaissance, and intelligence operations across the globe is anticipated to support market growth through 2033. Furthermore, there is a rise in the usage of UAVs in life-threatening missions, and growth in demand for modern warfare techniques is also estimated to boost the demand for aircraft sensors in 2023.
| Report Attribute | Details |
|---|---|
| Aircraft Sensors Market Value (2023) | USD 6,233.7 million |
| Aircraft Sensors Market Anticipated Value (2033) | USD 13,211.0 million |
| Aircraft Sensors Projected Growth Rate (2023 to 2033) | 7.8% |
Principal Consultant
It is identified that the aircraft sensors market is witnessing an unprecedented surge in the recent few years. There has been an approximate rise of USD 477.7 million from the base year to the current. This growth in market valuation can be highly attributed to the technological innovations made in the aircraft sensors market.
An in-depth analysis of the market has revealed that there is a huge demand for expanding the aircraft fleet worldwide. A rise in financial conditions of the middle-class populace across developing countries, owing to rising disposable income across developing countries is resulting in a rise in air passenger traffic. Therefore, the demand for new aircraft is leading to more investment across the aviation industry.
In addition to that, there has been rising adoption of UAVs for commercial and civil operations such as engineering, security, real estate, agricultural activities, and more. These factors have revamped the market dynamics during the period 2018 to 2022 and are expected to exert an influence over the market in the long run.
| Historical CAGR (2018 to 2022) | 4.6% |
|---|---|
| Forecast CAGR (2023 to 2033) | 7.8% |
Fixed-wing Aircraft - By Aircraft Type
It is identified that the fixed-wing aircraft segment is likely to hold significant shares through the forecast period. At present, this segment is advancing at a moderate pace, registering a CAGR of 3.12%. In the base year, this segment accounted for a market valuation of USD 72.3 billion. It is currently accountable for a 42.3% market share in 2023.
This segment is projected to hold the largest shares owing to the rise in the global aircraft fleet. The need for interception, air superiority, and ground, and maritime attack roles are some of the key factors fueling the market size for fixed-wing aircraft.
Owing to the exorbitant expenses of obtaining foreign aircraft, some of the emerging countries are also being driven for beginning production initiatives for military aircraft. This aspect is also expected to propel shares for fixed-wing aircraft.
Temperature Sensor - By Sensor Type
It is estimated that the temperature sensor segment is likely to uphold considerable market shares n 2023. This segment is moving forward at an average speed, recording a CAGR of 4.5%. The temperature sensor segment is currently holding a market valuation of USD 6.44 billion and is likely to surpass a value of USD 10.01 billion by the end of 2033.
This segment is gaining rapid traction owing to the rise in the use of temperature sensors in cockpit control systems and flight control. These sensors are highly integrated into various parts of the aircraft such as air ducts, cabins, brakes, hydraulic lines, and others. The robust growth in the manufacturing of new aircraft is estimated to propel the segment growth through the estimated study period.
| Segment | Aircraft Type |
|---|---|
| Attributes | Fixed-wing Aircraft |
| CAGR % 2022 to 2033 | 3.12% |
| USD Valuation in 2023 | USD 72.3 billion |
| Segment | Sensor Type Type |
|---|---|
| Attributes | Temperature Sensor |
| CAGR % 2022 to 2033 | 4.5% |
| USD Valuation in 2023 | USD 6.44 billion |
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
| Region | North America |
|---|---|
| Country | United States |
| CAGR (2023 to 2033) | 5.8% |
| Region | Europe |
|---|---|
| Country | United Kingdom |
| CAGR (2023 to 2033) | 2.9% |
| Region | Europe |
|---|---|
| Country | Germany |
| CAGR (2023 to 2033) | 4.7% |
| Region | Asia Pacific |
|---|---|
| Country | China |
| CAGR (2023 to 2033) | 4.6% |
| Region | Asia Pacific |
|---|---|
| Country | Japan |
| CAGR (2023 to 2033) | 4.82% |
| Country/Region | United States |
|---|---|
| Statistics | The USA is expected to hold a significant market share for the aircraft sensors market through 2033. Currently, the North American region is responsible for an approximate CAGR of 5.8%. The USA has emerged as a dominant country in the region with an 18.2% market shares in 2023. |
| Growth Propellants | The presence of key manufacturers of aircraft sensors in the North American region is aiding the growth of the industry across the USA. The country is also manufacturing and designing a high number of different aircraft platforms, which is a key reason for fueling the aircraft sensor market size in the USA. |
| Country/Region | Europe |
|---|---|
| Statistics | The European aircraft sensor market is anticipated to flourish at a significant rate. This region accounted for a CAGR of 4.7% during the base year and is estimated to hold considerable shares through the projection period. Germany has emerged as a leading country in Europe with a 4.7% market share. |
| Growth Propellants | The use of military aircraft, along with a high demand for commercial and business aircraft, owing to aspects like working professionals and a high influx of immigrants across the region is estimated to revamp the landscape for aircraft sensors in Europe. the region is also anticipated to have major tourist attractions and is making efforts to strengthen air defense, thereby fueling the market size of aircraft sensors. |
| Country/Region | Japan |
|---|---|
| Statistics | Japan is estimated to dominate the Asia-Pacific aircraft sensors market through the forecast period. Japan is registered to account for a moderate-paced CAGR of 4.82% during the period 2018 to 2022. |
| Growth Propellants | A rise in the aviation industry across Japan due to an increase in air travel is driving the market demand for aircraft sensors. Furthermore, there is a growing demand for new aircraft deliveries, which is making a significant contribution to market growth. Additionally, commercial and regional aircraft programs are resulting in industry growth across Japan. |
| Country/Region | Korea |
|---|---|
| Statistics | The Korean aircraft sensors market is likely to have notable growth through the forecast period. The market will register a CAGR of approximately 2% through the estimated study period. |
| Growth Propellants | A rise in investments in UAV developments is likely to fuel the sales of aircraft sensors across Korea. A surge in the commercial applications of drones is also expected to stir up the market demand for aircraft sensors. |
The growth outlook for the aircraft sensors market is predicted to advance at a CAGR of 7.8% from 2023 to 2033.
The North American region is anticipated to lead the aircraft sensors market during the forecast period
The market valuation of the aircraft sensors market stands at USD 6,233.7 million in 2023.
The aircraft sensors market is likely to hold a valuation of USD 13,211.0 million by 2033.
The aviation industry sector is the key driver in the aircraft sensors market
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sensor Type 5.1. Force Sensors 5.2. Position & Displacement Sensors 5.3. Pressure Sensors 5.4. Speed Sensors 5.5. Temperature Sensors 5.6. Torque Sensors 5.7. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Platform 6.1. UAVs 6.2. Rotary-wing Aircraft 6.3. Fixed-wing Aircraft 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Cabin & Cargo Environmental Controls 7.2. Flight Decks & Flight Control 7.3. Fuel, Hydraulic & Pneumatic Systems 7.4. Landing Gears, Wheels & Breaks 7.5. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. MEA 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Safran S.A. 16.2. General Electric Company 16.3. Woodward Inc. 16.4. TE Connectivity Ltd. 16.5. Honeywell International, Inc. 16.6. Ametek, Inc. 16.7. Meggitt PLC 16.8. Thales Group 16.9. Eaton Corporation 16.10. Zodiac Aerospace 17. Assumptions & Acronyms Used 18. Research Methodology
Explore Automotive Insights
View Reports
Aircraft Sensors Market
