Aircraft Sensors Market worth 2.25 Billion USD by 2022


Posted May 14, 2019 by ayub121

The aircraft sensors market is projected to grow from USD 3.8 billion in 2019 to USD 4.9 billion by 2025, at a CAGR of 4.48% during the forecast period.

 
The aircraft sensors market report provides an analysis of the concerned market from 2019 to 2025. It discusses the industry and technological trends currently prevailing in the aircraft sensors market, along with the drivers, restraints, challenges, and opportunities for the market. The aircraft sensors market is projected to grow from USD 3.8 billion in 2019 to USD 4.9 billion by 2025, at a CAGR of 4.48% during the forecast period.

https://www.marketsandmarkets.com/Market-Reports/aircraft-sensors-market-53630527.html

he increase in aircraft orders is one of the key factors driving the aircraft sensors market. Emerging markets in the Asia Pacific and Latin American regions are expected to witness an increase in the demand for aircraft during the forecast period. This growth can be attributed to factors such as the rise in passenger traffic across the globe due to an increase in disposable income of the middle-class population in emerging economies. With the rapid growth in the procurement of aircraft, the demand for aircraft sensors is expected to increase.

Wireless sensors are increasingly being deployed to capture information for communication systems to enhance the reliability and efficiency of aircraft operations. Wireless sensors enable easier deployment of devices and offer better flexibility than wired solutions. They also reduce the cost of installation of sensors on aircraft due to their minimal cabling costs. Wireless sensors technology is considered as an information gathering solution and is being increasingly deployed in new aircraft.
Based on platform, the UAV segment is estimated to lead the aircraft sensors market in 2019. The growth can be attributed to the increased use of UAVs in military applications. Based on sensor type, the smoke detection segment is projected to grow at the highest CAGR during the forecast period. The growth is attributed to increased emphasis on passenger safety by aircraft manufacturers and adherence to safety regulations set by aviation authorities.
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Based on application, cabin & cargo environmental is estimated to be the fastest-growing segment of the aircraft sensors market in 2019. This is mainly due to innovations in sensing technologies for cabin & cargo environmental systems such as providing optimized cooling, heating, and ventilation and controlling humidity and contaminants to improve the passenger experience in the aircraft. Based on connectivity, the wireless sensors segment is expected to grow at the highest CAGR due to their easier deployment and increasing role in structural health monitoring systems of aircraft. North America is expected to lead the aircraft sensors market during the forecast period, due to the growth of the aviation industry in the region and the presence of major aircraft OEMs such as Lockheed Martin (US), Bombardier (Canada), Boeing (US), and Bell Helicopter (US).

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Issued By MarketsandMarkets™ INC.
Country United States
Categories Aerospace
Tags aircraft sensors market
Last Updated May 14, 2019