According to a new market report by Lucintel, the future of the global aerospace sensor market looks promising with opportunities in commercial aircraft, regional aircraft, general aviation, helicopters, military aircraft, and UAVs. The global aerospace sensor market is expected to grow with a CAGR of 5% from 2020 to 2025. The major growth drivers for this market are increasing electronic components in the next generation programs and rising aircraft fleet size.
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In this market, pressure, temperature, speed, proximity, radar, flow, and other sensors are used in the aerospace sensor market. Lucinte forecast that radar sensor is expected to witness the highest growth during the forecast period.
Within the aerospace sensor market, commercial aircraft will remain the largest aircraft type supported by the growth of narrow and wide body aircrafts. Lucintel forecast that UAV is expected the highest growth of the forecast period.
North America will remain the largest region due to presence of major aircraft OEMs and part fabricators. APAC is expected to witness the highest growth over the forecast period due to growth of the upcoming commercial aircraft programs and growth of the commercial aircraft fleet size.
Honeywell, TE Connectivity, Ametek, General Electric, Meggitt, and Safran are among the major manufacturers in the aerospace sensor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the aerospace sensor market by aircraft type, sensor type, application, connectivity, end user, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Aerospace Sensor Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global aerospace sensor market by aircraft type, sensor type, application, connectivity, end user, and region as follows
By Sensor Type [$M shipment analysis for 2014 – 2025]:
Pressure
Temperature
Speed
Proximity
Radar
Flow
Others
By Connectivity [$M shipment analysis for 2014 – 2025]:
By Aircraft Type [$M shipment analysis for 2014 – 2025]:
Commercial Aircraft
Regional Aircraft
General Aviation
Helicopter
Military Aircraft
UAV
By Application [$M shipment analysis for 2014 – 2025]:
Engine
Airframe
Interior
Flight Deck and Control System
Others
By End User [$M shipment analysis for 2014 – 2025]:
By Region [$M shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
China
Japan
India
South Korea
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.