Aircraft Sensors Market Size, Share & Industry Analysis, By Platform (Fixed-Wing Aircraft, Rotary Blade Aircraft, and UAV), By Sensor Type (Temperature, Pressure, Force, Speed, Torque, and Others), By Application (Engine Turbine & APU, Flight Control & Actuation, Landing Gear & Brakes, Environmental Control System, Doors & Slides, Cabin, Galley & Cargo, Cockpit Controls), and Regional Forecast, 2020-2027,” the market was worth USD 2.23 billion in 2019 and will exhibit a CAGR of 12.05% during the forecast period, 2020-2027.
North America to Emerge Dominant; Rising Aircraft Sensors Industry Will Aid Growth
The report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. Among all regions, the market in North America is expected to emerge dominant in the coming years. The United States is the manufacturing capital of the aerospace industry due to the presence of several large-scale companies in this region. The presence of numerous aircraft OEMs and sensor manufacturers will bode well for the growth of the regional market. As of 2019, the market in North America was worth USD 0.89 billion and this value is projected to increase at a considerable pace in the coming years.
The market in the Asia Pacific is expected to rise at the highest CAGR driven by the rising air passenger traffic and the growing aviation industry. The rising demand for newer aircraft deliveries will present several growth opportunities for the companies operating in the market. The market in Europe will rise at a considerable pace, deriving growth from high investments in UAV manufacturing and development.
Companies profiled in the Aircraft Sensors report:
Honeywell International, Inc. (The U.S.)
Ametek, Inc. (The U.S.)
General Electric Company (The U.S.)
Meggitt PLC (The U.K.)
Safran S.A. (France)
Woodward Inc. (The U.S.)
Thales Group (France)
Zodiac Aerospace (France)
Curtiss-Wright Corporation (The U.S.)
Schneider Electric SE (France)
General Atomics Corporation (The U.S.)
The Raytheon Company (The U.S.)
TE Connectivity (Switzerland)
Lockheed Martin Corporation (The U.S.)
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