The global aircraft sensors market size is projected to reach USD 2.57 billion by the end of 2027. The massive investments in technological integration will bode well for the growth of the market in the coming years. The presence of several large scale OEMs and sensor manufacturers will aid the growth of the market in the coming years. According to a report published by Fortune Business Insights, titled “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.
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Report Scope:
Geographic Segment Analyzed in the Report:
North America (USA and Canada)
Latin America (Brazil, Mexico, and the rest of Latin America)
Europe (UK, Germany, France and the rest of Europe)
Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
Middle East and Africa (GCC and rest of the Middle East and Africa)
Key Business Strategies –
Which are the key business segments in the global industry?
What are the important elements used to study the business intelligence of the market?
What is the market value of the dominant firms operating in the industry?
Increasing Number of Company Mergers and Acquisitions Will Provide Impetus to Market Growth
The report encompasses several factors that have contributed to the growth of the overall market in recent years. Among all factors, the increasing number of company mergers and acquisitions has made the highest impact on market growth. Accounting to the constantly rising demand for real-time and automated applications, tech-companies are emphasizing on the development of collaborative systems that will allow applications across diverse domains. The aerospace and defense sector holds a massive potential for companies in the aircraft sensor market. This is consequential to the favorable properties of sensors and their abilities to enhance aircraft activities. The variations in sensors have also proved beneficial of late; a factor that is attributable to the flexibility offered by various sensors in aircraft applications. Due to the rising demand and applications of aircraft sensors, there are several large companies operating in numerous countries across the world. Large scale businesses have the luxury to invest on innovations and experiments and these factors will ultimately yield attractive products. The healthy market competition will bode well for the growth of the overall aircraft sensors market in the foreseeable future.
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List of companies profiled in the 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.)
Industry Developments:
February 2019: Thales Group announced that it has received a contract from France’s Defense Ministry. The contract is said to be worth USD 2.3 billion and will be aimed at the development of onboard radio frequency (RF) & electro-optical sensors and communication systems for 28 Rafale F-4 multirole jet fighter aircraft.
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