Aerospace Sensors Market
PUBLISHED: 2024 ID: SMRC26900
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Aerospace Sensors Market

Aerospace Sensors Market Forecasts to 2030 - Global Analysis By Type (Pressure Sensors, Temperature Sensors, Proximity Sensors, Position Sensors, Inertial Sensors, Flow Sensors, Level Sensors, Image Sensors, Smoke detection sensor, Vibration Sensors, Gyroscope and Other Types), Platform, Connectivity, Application, End User and By Geography

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Published: 2024 ID: SMRC26900

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Aerospace Sensors Market is accounted for $1.3 billion in 2024 and is expected to reach $2.8 billion by 2030 growing at a CAGR of 12.5% during the forecast period. Aerospace sensors are specialized devices used in the aerospace industry to measure and monitor various parameters crucial for the operation, safety, and performance of aircraft and spacecraft. These sensors can detect physical quantities such as temperature, pressure, acceleration, and altitude, as well as environmental factors like wind speed and direction. By providing real-time data, aerospace sensors enable precise control and adjustment of aerospace systems, enhancing operational efficiency and safety and the modern aerospace sensors often incorporate advanced technologies, such as MEMS (Micro-Electro-Mechanical Systems) and optical sensors, to meet the stringent requirements of the industry.

Market Dynamics: 

Driver: 

Expanding commercial aviation industry

As airlines and aircraft manufacturers focus on enhancing safety, efficiency, and passenger experience, the need for sophisticated sensors increases. Modern commercial aircraft require sensors for various applications, including flight control systems, engine performance monitoring, and environmental sensing. This growth fuels innovation in sensor technology, leading to the development of more accurate, reliable, and miniaturized sensors. Additionally, the expansion prompts investments in research and development to meet evolving industry standards and regulatory requirements.

Restraint:

High costs and complex development

Advanced technology required for aerospace sensors often involves substantial research and development expenses, leading to increased costs for manufacturers. These high costs can restrict market entry for smaller companies and limit competition, potentially stifling innovation and keeping prices elevated. Additionally, the complexity of developing aerospace sensors necessitating rigorous testing, certification, and compliance with stringent industry standards can result in longer development cycles and higher risks hindering market growth.

Opportunity:

Development of next-generation aircraft

Next-generation aircraft often incorporate cutting-edge systems and materials, requiring more sophisticated sensors for enhanced performance and safety. These aircraft feature innovations such as improved aerodynamics, advanced propulsion systems, and integrated avionics, all of which demand highly precise and reliable sensors. This evolution in aircraft design accelerates research and development efforts, leading to advancements in sensor technology, such as increased miniaturization and integration with digital systems.

Threat:

Presence of established players with strong market positions

Dominant firms often have significant resources, including advanced technology, extensive R&D capabilities, and established customer relationships, which can stifle competition. This market concentration can lead to higher prices and reduced innovation, as the major players may have less incentive to push for breakthroughs or lower costs. Additionally, smaller firms may struggle to compete on price and technology, limiting diversity in the market.

Covid-19 Impact: 

COVID-19 had a significant impact on the aerospace sensors market by disrupting supply chains, delaying production, and leading to decreased demand due to a downturn in commercial aviation. The pandemic resulted in reduced flight operations and aircraft manufacturing, which affected sensor sales. However, the crisis also accelerated interest in health monitoring and remote diagnostics, potentially creating new opportunities for sensor applications in the future. As the industry recovers, demand for advanced sensors is expected to gradually rebound.

The temperature sensors segment is expected to be the largest during the forecast period

The temperature sensors is expected to be the largest during the forecast period as they monitor critical components such as engines, avionics, and environmental systems, providing essential data for maintaining safety and performance. Thus as aerospace technology advances, the demand for more precise and robust temperature sensors increases. Innovations in temperature sensing, such as those offering greater accuracy, wider temperature ranges, and improved durability, drive market growth.

The flight control systems segment is expected to have the highest CAGR during the forecast period

The flight control systems segment is expected to have the highest CAGR during the forecast period because these systems rely on a range of sensors, including accelerometers, gyroscopes, and pressure sensors, to provide real-time data on aircraft performance, stability, and orientation. As aircraft become more sophisticated, incorporating features such as fly-by-wire technology and advanced autopilot systems, the need for high-precision sensors that can deliver accurate and reliable data under various conditions increases.

Region with largest share:

North America is projected to hold the largest market share during the forecast period as North America leads in the development of cutting-edge sensor technologies, such as MEMS (Micro-Electro-Mechanical Systems), which enhance performance and reliability in aerospace applications. Further the emphasis on improving safety, fuel efficiency, and operational performance in aircraft and spacecraft drives demand for advanced sensors.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period owing to the booming commercial aviation sector in countries like China and India drives demand for advanced aerospace sensors. Increased air travel and fleet expansion necessitate the integration of sophisticated sensors for safety, efficiency, and performance and the rise of local aircraft manufacturers and suppliers contributes to the increased demand for sensors used in new aircraft models and upgrades.

Key players in the market

Some of the key players in Aerospace Sensors market include Ametek Inc., Avidyne Corporation, Curtiss-Wright Corporation, Honeywell International Inc., Hydra-Electric Company, Lockheed Martin Corporation, Meggitt PLC, PCB Piezotronics Inc., Precision Sensors, Raytheon Technologies Corporation, Safran SA, Schneider Electric SE, TE Connectivity Ltd., THALES, General Electric Company, Woodward Inc. and Zodiac Aerospace

Key Developments:

In July 2024, RTX collaborated on hybrid-electric system for Airbus PioneerLab helicopter demonstrator. This hybrid-electric configuration is designed to enable optimized engine performance and improved efficiency, with the electric motors

In July 2024, RTX completed preliminary design review of hybrid-electric Pratt & Whitney GTF™ engine demonstrator for Clean Aviation SWITCH project. The hybrid-electric propulsion system aims to enhance engine efficiency across all phases of flight, offering the potential to reduce fuel burn and emissions for future short- and medium-range aircraft.

In July 2024, GE Vernova entered into innovation agreement with German Grid Transmission Operators to develop Key HVDC technology for future electricity network. The R&D agreement with TenneT TSO GmbH, 50Hertz Transmission GmbH, Amprion GmbH and transnet BW GmbH for the design

Types Covered:
• Pressure Sensors
• Temperature Sensors
• Proximity Sensors
• Position Sensors
• Inertial Sensors
• Flow Sensors
• Level Sensors
• Image Sensors
• Smoke detection sensor
• Vibration Sensors
• Gyroscope
• Other Types

Platforms Covered:
• Commercial Aircraft
• Military Aircraft 
• Rotary Blade Aircraft 
• UAVs (Unmanned Aerial Vehicle) 
• Other Platforms  

Connectivities Covered:
• Wired Sensors 
• Wireless Sensors  

Applications Covered:
• Flight Control Systems 
• Environmental Control Systems 
• Landing Gear Systems 
• Engine Control Systems 
• Cockpit Control Systems 
• Structural Health Monitoring 
• Fuel Management Systems   

End Users Covered:
• Aircraft Manufacturers 
• MRO Service Providers 
• Upgrade & Retrofit Providers 
• Other End Users 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary        
          
2 Preface         
 2.1 Abstract        
 2.2 Stake Holders       
 2.3 Research Scope       
 2.4 Research Methodology      
  2.4.1 Data Mining      
  2.4.2 Data Analysis      
  2.4.3 Data Validation      
  2.4.4 Research Approach      
 2.5 Research Sources       
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources     
  2.5.3 Assumptions      
          
3 Market Trend Analysis       
 3.1 Introduction       
 3.2 Drivers        
 3.3 Restraints       
 3.4 Opportunities       
 3.5 Threats        
 3.6 Application Analysis      
 3.7 End User Analysis       
 3.8 Emerging Markets       
 3.9 Impact of Covid-19       
          
4 Porters Five Force Analysis       
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers      
 4.3 Threat of substitutes      
 4.4 Threat of new entrants      
 4.5 Competitive rivalry       
          
5 Global Aerospace Sensors Market, By Type     
 5.1 Introduction       
 5.2 Pressure Sensors       
 5.3 Temperature Sensors      
 5.4 Proximity Sensors       
 5.5 Position Sensors       
 5.6 Inertial Sensors       
 5.7 Flow Sensors       
 5.8 Level Sensors       
 5.9 Image Sensors       
 5.10 Smoke detection sensor      
 5.11 Vibration Sensors       
 5.12 Gyroscope       
 5.13 Other Types       
          
6 Global Aerospace Sensors Market, By Platform     
 6.1 Introduction       
 6.2 Commercial Aircraft       
  6.2.1 Narrow Body      
  6.2.2 Wide Body      
  6.2.3 Regional Jet      
  6.2.4 Business Jet      
 6.3 Military Aircraft       
 6.4 Rotary Blade Aircraft      
 6.5 UAVs (Unmanned Aerial Vehicle)     
 6.6 Other Platforms       
          
7 Global Aerospace Sensors Market, By Connectivity     
 7.1 Introduction       
 7.2 Wired Sensors       
 7.3 Wireless Sensors       
          
8 Global Aerospace Sensors Market, By Application     
 8.1 Introduction       
 8.2 Flight Control Systems      
 8.3 Environmental Control Systems     
 8.4 Landing Gear Systems      
 8.5 Engine Control Systems      
 8.6 Cockpit Control Systems      
 8.7 Structural Health Monitoring      
 8.8 Fuel Management Systems      
          
9 Global Aerospace Sensors Market, By End User     
 9.1 Introduction       
 9.2 Aircraft Manufacturers      
 9.3 MRO Service Providers      
 9.4 Upgrade & Retrofit Providers      
 9.5 Other End Users       
          
10 Global Aerospace Sensors Market, By Geography     
 10.1 Introduction       
 10.2 North America       
  10.2.1 US       
  10.2.2 Canada       
  10.2.3 Mexico       
 10.3 Europe        
  10.3.1 Germany       
  10.3.2 UK       
  10.3.3 Italy       
  10.3.4 France       
  10.3.5 Spain       
  10.3.6 Rest of Europe      
 10.4 Asia Pacific       
  10.4.1 Japan       
  10.4.2 China       
  10.4.3 India       
  10.4.4 Australia       
  10.4.5 New Zealand      
  10.4.6 South Korea      
  10.4.7 Rest of Asia Pacific      
 10.5 South America       
  10.5.1 Argentina      
  10.5.2 Brazil       
  10.5.3 Chile       
  10.5.4 Rest of South America     
 10.6 Middle East & Africa      
  10.6.1 Saudi Arabia      
  10.6.2 UAE       
  10.6.3 Qatar       
  10.6.4 South Africa      
  10.6.5 Rest of Middle East & Africa     
          
11 Key Developments        
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures   
 11.2 Acquisitions & Mergers      
 11.3 New Product Launch      
 11.4 Expansions       
 11.5 Other Key Strategies      
          
12 Company Profiling        
 12.1 Ametek Inc.       
 12.2 Avidyne Corporation      
 12.3 Curtiss-Wright Corporation      
 12.4 Honeywell International Inc.      
 12.5 Hydra-Electric Company      
 12.6 Lockheed Martin Corporation      
 12.7 Meggitt PLC       
 12.8 PCB Piezotronics Inc.      
 12.9 Precision Sensors       
 12.10 Raytheon Technologies Corporation     
 12.11 Safran SA        
 12.12 Schneider Electric SE      
 12.13 TE Connectivity Ltd.       
 12.14 THALES        
 12.15 General Electric Company      
 12.16 Woodward Inc.       
 12.17 Zodiac Aerospace       
          
List of Tables         
1 Global Aerospace Sensors Market Outlook, By Region (2022-2030) ($MN)   
2 Global Aerospace Sensors Market Outlook, By Type (2022-2030) ($MN)   
3 Global Aerospace Sensors Market Outlook, By Pressure Sensors (2022-2030) ($MN)  
4 Global Aerospace Sensors Market Outlook, By Temperature Sensors (2022-2030) ($MN) 
5 Global Aerospace Sensors Market Outlook, By Proximity Sensors (2022-2030) ($MN) 
6 Global Aerospace Sensors Market Outlook, By Position Sensors (2022-2030) ($MN)  
7 Global Aerospace Sensors Market Outlook, By Inertial Sensors (2022-2030) ($MN)  
8 Global Aerospace Sensors Market Outlook, By Flow Sensors (2022-2030) ($MN)  
9 Global Aerospace Sensors Market Outlook, By Level Sensors (2022-2030) ($MN)  
10 Global Aerospace Sensors Market Outlook, By Image Sensors (2022-2030) ($MN)  
11 Global Aerospace Sensors Market Outlook, By Smoke detection sensor (2022-2030) ($MN) 
12 Global Aerospace Sensors Market Outlook, By Vibration Sensors (2022-2030) ($MN) 
13 Global Aerospace Sensors Market Outlook, By Gyroscope (2022-2030) ($MN)  
14 Global Aerospace Sensors Market Outlook, By Other Types (2022-2030) ($MN)  
15 Global Aerospace Sensors Market Outlook, By Platform (2022-2030) ($MN)  
16 Global Aerospace Sensors Market Outlook, By Commercial Aircraft (2022-2030) ($MN) 
17 Global Aerospace Sensors Market Outlook, By Narrow Body (2022-2030) ($MN)  
18 Global Aerospace Sensors Market Outlook, By Wide Body (2022-2030) ($MN)  
19 Global Aerospace Sensors Market Outlook, By Regional Jet (2022-2030) ($MN)  
20 Global Aerospace Sensors Market Outlook, By Business Jet (2022-2030) ($MN)  
21 Global Aerospace Sensors Market Outlook, By Military Aircraft (2022-2030) ($MN)  
22 Global Aerospace Sensors Market Outlook, By Rotary Blade Aircraft (2022-2030) ($MN) 
23 Global Aerospace Sensors Market Outlook, By UAVs (Unmanned Aerial Vehicle) (2022-2030) ($MN)
24 Global Aerospace Sensors Market Outlook, By Other Platforms (2022-2030) ($MN)  
25 Global Aerospace Sensors Market Outlook, By Connectivity (2022-2030) ($MN)  
26 Global Aerospace Sensors Market Outlook, By Wired Sensors (2022-2030) ($MN)  
27 Global Aerospace Sensors Market Outlook, By Wireless Sensors (2022-2030) ($MN)  
28 Global Aerospace Sensors Market Outlook, By Application (2022-2030) ($MN)  
29 Global Aerospace Sensors Market Outlook, By Flight Control Systems (2022-2030) ($MN) 
30 Global Aerospace Sensors Market Outlook, By Environmental Control Systems (2022-2030) ($MN)
31 Global Aerospace Sensors Market Outlook, By Landing Gear Systems (2022-2030) ($MN) 
32 Global Aerospace Sensors Market Outlook, By Engine Control Systems (2022-2030) ($MN) 
33 Global Aerospace Sensors Market Outlook, By Cockpit Control Systems (2022-2030) ($MN) 
34 Global Aerospace Sensors Market Outlook, By Structural Health Monitoring (2022-2030) ($MN)
35 Global Aerospace Sensors Market Outlook, By Fuel Management Systems (2022-2030) ($MN) 
36 Global Aerospace Sensors Market Outlook, By End User (2022-2030) ($MN)  
37 Global Aerospace Sensors Market Outlook, By Aircraft Manufacturers (2022-2030) ($MN) 
38 Global Aerospace Sensors Market Outlook, By MRO Service Providers (2022-2030) ($MN) 
39 Global Aerospace Sensors Market Outlook, By Upgrade & Retrofit Providers (2022-2030) ($MN)
40 Global Aerospace Sensors Market Outlook, By Other End Users (2022-2030) ($MN)  
          
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
 

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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