Pune, July 02, 2020 (GLOBE NEWSWIRE) -- 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 & Covid-19 Impact 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 and others), By Connectivity (Wired Sensors and Wireless Sensors), By End Use (OEMs and Aftermarket) 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.
Browse Summary of This Research Report with Detailed Table of Content: https://www.fortunebusinessinsights.com/industry-reports/aircraft-sensors-market-101816
The novel coronavirus, COVID-19, has cast an unprecedented effect on several businesses across industries. While some industries are experiencing significant loss owing to the lockdown announced by the federal governments globally, collective efforts from the government and the industries will ensure that the testing times may soon pass away.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Get Sample PDF Brochure with “Short-Term and Long-Term Impact of COVID-19” on Aircraft Sensors Market,
Please Visit: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/aircraft-sensors-market-101816
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.
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 a 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 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.
Speak to Analyst: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/aircraft-sensors-market-101816
Covid-19 Pandemic to Slow Down Sensor Manufacturing
Aircraft sensors are widely used in the aerospace and defense industry. These sensors are mounted inside as well as on the body parts of the aircraft and it can detect environmental changes and disruptions that can affect the movement. They can also detect any obstructions that can cause irregular movement and subsequently help avoid accidents. The increasing investment in the technological integration in aircraft sensors will open up a huge potential for the growth of the overall market in the coming years. The presence of several large scale companies will emerge in favor of market growth. Variations in sensors and the incorporation of collaborative technologies will allow a wider application scope. The use of real-time data will contribute to the growth of the aircraft sensors market in the foreseeable future.
List of the Leading Companies Profiled in the Aircraft Sensors Market Research Report are:
- 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 development of onboard radio frequency (RF) & electro-optical sensors and communication systems for 28 Rafale F-4 multirole jet fighter aircraft.
Quick Buy – Aircraft Sensors Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/101816
Table of Content
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
- Latest technological Advancements
- Porters Five Forces Analysis
- Supply Chain Analysis
- Qualitative Insights
- Impact of COVID-19 on the Airport Sensors Market
- Supply Chain Challenges
- Steps Taken by the Industry/Government/Companies to Overcome the Impact
- Key Developments in the Industry in Response to COVID-19
- Potential Opportunities due to COVID-19 Outbreak
Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/aircraft-sensors-market-101816
Have a Look at Related Research Insight:
Avionics Market Size, Share & Industry Analysis, By System (Hardware Systems (Flight Management System (FMS), Communication, Navigation, and Surveillance (CNS), Electrical System, Emergency System, Health Monitoring System, Collision Avoidance System, Weather System) and Software Systems), Platform (Commercial, Military, Business Jets, General Aviation), End-Use (OEM and Aftermarket), and Regional Forecast, 2019-2026
Connected Aircraft Market Size, Share & Industry Analysis, By Type (Systems and Solutions), Connectivity (Inflight, Air to Air, and Air to Ground Connectivity), Application (Commercial and Military), Frequency Band (Ka-Band, Ku-Band, and L-Band) and Regional Forecasts, 2019-2026
Aircraft Landing Gear Market Size, Share and Industry Analysis, by Type (Nose Landing Gear and Main Landing Gear), By Platform (Fixed-Wing and Rotary-Wing), By Arrangement Type (Tail Wheel, Tandem, and Tri-cycle), By Component (Retraction system, Breaks and Wheels, Steering, and Others), By End User (OEM and Aftermarket), and Regional Forecast, 2019-2026
(UAV) Unmanned Aerial Vehicle Market Size, Share & Industry Analysis, By Application (Military, Commercial & Civil, and Recreational), By System (Airframe, Payload, Avionics, Propulsion), By Technology (Remotely Operated, Semi-Autonomous, Fully-Autonomous), By Class (Small UAVs, Tactical UAVs, Strategic UAVs, Special Purpose UAVs), and Regional Forecast 2019-2026
Aerostructures Market Size, Share & Industry Analysis, By Component (Wings, Nose, Fuselage, Nacelle, Empennage & Pylon and Others), By Material (Metals, Composites and Alloys), By Platform (Fixed-wing aircraft (Commercial Aircraft, Military Aircraft, and UAV’s) and Rotary-wing Aircraft (Commercial Aircraft, Military Aircraft, and UAV’s)), and Regional Forecast 2019-2026
Helicopter Market Size, Share & Industry Analysis, By Type (Civil & Commercial and Military), By Application (Emergency Medical Services (EMS), Corporate Services, Search and Rescue Operation, Oil and Gas, Defense, Homeland Security), By System (Airframe, Engine, Avionics, Landing Gear System, and Cabin Interiors), By Weight (Light Weight, Medium Weight, and Heavy Weight), By Point of Sale (OEMs and Aftermarket), and Regional Forecast 2019-2026
Military Radar Market Size, Share & Industry Analysis, By Platform (Land Radar, Naval Radar, and Airborne Radar), By Range (Long, Medium, Short, and Very Short), By Application (Airspace Monitoring & Traffic Management, Weapon Guidance, Ground Surveillance & Intruder Detection), By Frequency Band (UHF/VHF, L-Band, S-Band), By Components (Antenna, Transmitter, Receiver), and Regional Forecast 2019-2026
Military Antenna Market Size, Share & Industry Analysis, By Frequency (High Frequency, Ultra-High Frequency, Super High Frequency, and Extremely High Frequency), By Type (Dipole Antennas, Aperture Antennas, Travelling Wave Antennas, Loop Antennas, and Array Antennas), By Platform (Airborne, Marine, and Ground), By Application (Communication, Surveillance, SATCOM, Electronic Warfare, and Telemetry), and Regional Forecast, 2019-2026
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
Linkedin | Twitter | Blogs
Read Press Release: https://www.fortunebusinessinsights.com/press-release/aircraft-sensors-market-10063