Revenue Market Forecast to 2030 | Technocrew Solution

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The aircraft sensors market size reached USD 4.40 Billion in 2021 and is expected to register a revenue CAGR of 9.7% during the forecast period according to the latest analysis by Emergen Research. Rising demand for sensors in military UAVs is a key factor driving revenue growth of the market. The market for aircraft sensors is expected to grow due to the increasing need for technologically superior aircraft to replace aging fleets and the widespread use of wireless sensors for both military and commercial applications. Defense financing inflation as well as the development of new technologies like the Internet of Things (IoT), Artificial Intelligence (AI), and big data analytics are also expected to drive market revenue growth. In addition, factors contributing to the market’s expansion include expanding fleet sizes, new market entrants, rising production rates for crucial commercial aircraft programs, rising electronic component counts in next-generation aircraft, and a keen focus on both fuel economy and passenger safety.

Segments Covered in this report are:

  • Sensor Type Outlook (Revenue, USD Billion; 2019–2030)

    • Proximity Sensors
    • Temperature Sensors
    • Optical Sensors
    • Pressure Sensors
    • Force Sensors
    • Flow Sensors
    • Radar Sensors
    • Others
  • Aircraft Type Outlook (Revenue, USD Billion; 2019–2030)

    • Fixed-Wing Aircraft
    • Rotary Wing Aircraft
    • Unmanned Aerial Vehicles
    • Advanced Air Mobility
  • End-Use Outlook (Revenue, USD Billion; 2019–2030)

    • OEM
    • Aftermarket

The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

Key Companies Profiled in the Report:

The BOSCH Group, Eaton Corporation, Trimble Inc., TDK Corporation, Meggitt PLC, Curtiss-Wright Corporation, General Electric Company, Ultra Electronics, Thales Group, and Lockhead Martin Corporation

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