Aircraft Sensors Market

Market Leader - Aircraft Sensors Market

Aircraft sensors are an integral component of instrumentation systems of an aircraft. These sensors are used to monitor the condition of aircraft engines, different aircraft components, and altitude of an aircraft, cabin environment, and weather conditions and capture information regarding these parameters. Aircraft sensors include pressure sensors, temperature sensors, force sensors, torque sensors, altimeter sensors, accelerometers, speed sensors, position or displacement sensors, proximity sensors, gyroscopes, smoke detection sensors, level sensors, flow sensors, GPS sensor, pitot probes, radar sensors, and Angle-of-Attack (AoA) sensors.

The aircraft sensors market is projected to grow from USD 3.5 billion in 2020 to USD 4.4 billion by 2025, at a CAGR of 4.8% from 2020 to 2025. This growth can be attributed to the increasing aircraft orders due to the rising in air passenger traffic across the globe.

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Key players operating in the aircraft sensors market are Honeywell International, Inc. (US), TE Connectivity Ltd. (Switzerland), Ametek, Inc. (US), General Electric Company (US), Meggitt PLC (UK), Safran S.A. (France), Woodward Inc. (US), Thales Group (France), and Zodiac Aerospace (France). These companies have well-equipped manufacturing facilities and strong distribution network across North America, Europe, and Asia Pacific.

Honeywell International, Inc. (US) is one of the leading companies in the aircraft sensors market. The company has a strong presence in North America and Europe, besides catering to the Asia Pacific region. It has also formed joint ventures and entered into partnerships to cater to North America, Europe, and Asia Pacific aircraft sensors markets. In 2016, Honeywell received a contract from Defense Advanced Research Projects Agency (DARPA) for the provision of three-dimensional Synthetic Vision Avionics Backbone (SVAB) sensors for the US military helicopter, UH-60 Black Hawk. With the increasing demand for air travel, especially from the emerging economies of China and India, the demand for new aircraft will increase. This will eventually help Honeywell’s sensors business to benefits from the emerging market.

TE Connectivity Ltd. (Switzerland) is another major player in the aircraft sensors market. The company sells its products in more than 150 countries worldwide, primarily through direct selling efforts to manufacturers. It has a strong presence in Europe and North America. The company has a very good breadth of offerings as well as delivery and support and an excellent product distribution network. In 2014, TE Connectivity acquired American Sensor Technologies (US) to enhance its portfolio of sensors and sensor systems for applications in harsh and extreme environmental conditions. The company has a vast portfolio of different sensors used in aircraft. It strengthens its product portfolio by acquiring small companies, which helps it strengthen its core capabilities.

AMETEK is one of the key players catering to the aircraft sensors market through its SFMS business unit. The company has a strong emphasis on R&D activities. Its R&D efforts are directed toward the improvement and development of products and creation of new products and technologies. Some of these are digital humidity sensors for environmental controls, silicon on insulator, and thin film technology. It majorly supplies sensors for the engine application. AMETEK has major tie-ups with Boeing 787, A400M, and Gulfstream G650, among others, which have positioned it in a highly competitive market.

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Report Code
AS 5471
RI Published ON
8/6/2020
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