Aircraft pressure transducers are very crucial in manufacturing as well as overall operations of an aircraft and a variety of aircraft flight testing processes use pressure transducers. A pressure transducer is a piece of equipment that is used in any aircraft's flight phase and is crucial for working of an aircraft. More precisely, a particular form of transducer is used during the aircraft construction phase, prior to the completion of the aircraft, and during flight testing. An aerospace pressure transducer is the advanced piece of equipment used in this testing procedure. Transducers, also known as transmitters, senders, markers, piezometers, and manometers, are pressure transducers. The role is exactly the same regardless of the term. The unit transforms one type of energy into another. It typically transforms a signal from one source of energy to a different form of energy. Depending on the application, an aerospace pressure transducer can be used in a variety of product families.
MARKET SCOPE
The "Global Aircraft Pressure Transducer Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the aircraft pressure transducer market with detailed market segmentation by output, wing type, aircraft type, and geography. The report provides key statistics on the market status of the leading aircraft pressure transducer market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of output, the market is segmented as less than 5 VDC, 5 to 10 VDC, 10 to 20 VDC and above 20 VDC.
- Based on wing type, the market is segmented into fixed wing and rotary wing.
- On the basis of aircraft type, the market is segmented as commercial, military and general aviation.
MARKET DYNAMICS
Drivers:
- The key market drivers for aircraft pressure transducer market are, rising utilization of pressure transducers in aircraft, technological advancements in aviation industry along with the high rate of pressure transducer adoption and the growth of advanced pressure transducers.
- Additionally, increased in production of commercial as well as military aircrafts are expected to boost market growth during the forecast period.
- Moreover, rising electronic components in next generation aircraft is expected to fuel the market growth.
Restraints:
- Various set of rules and regulations by aviation controlling agencies is expected to restrain market growth during the forecast period.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). The aircraft pressure transducer market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 17 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive porter's five forces analysis affecting the aircraft pressure transducer market.
IMPACT OF COVID-19 ON AIRCRAFT PRESSURE TRANSDUCER MARKET
The global coronavirus pandemic has had a profound impact on the lives of many people in nearly every country. During the pandemic, the pressure transducer industry globally suffered a loss. The COVID-19 pandemic struck, endangering lives, disrupting supply chains and employees, and closing factories. The economic slowdown has had a negative impact on the aviation industry, resulting in sharp drops in demand and sales of pressure transducers. This is one of the major factors affecting the global pressure transducer market. As a result, demand for pressure sensors from these industries decreased, having a negative impact on the aircraft pressure transducer market's growth. The COVID-19 outbreak has prompted lockdowns in a number of countries, as well as the closure of international borders and the implementation of stringent regulatory measures by regulatory authorities in a number of countries, resulting in a significant drop in global demand for aircraft pressure transducers. COVID-19 is highly likely to have a long-term impact on consumers' living standards and preferences. Due to growing awareness of social distancing and the implementation of a remote working strategy, it may also result in a decline in aircraft usage. Additionally, over the projection period, limitations on public gatherings and travel prohibitions in certain countries are projected to hamper market growth for aircraft pressure transducers.
MARKET PLAYERS
The report covers key developments in the aircraft pressure transducer market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from aircraft pressure transducer market are anticipated to lucrative growth opportunities in the future with the rising demand for aircraft pressure transducer in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the aircraft pressure transducer market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Collins Aerospace
- Emerson Electric Co
- Endevco(PCB Piezotronics)
- ESI Technology Ltd
- Kulite Semiconductor Products, Inc.
- Meggit Plc
- Sensata Technologies
- Taber Transducer
- TAVISCorporation
- United Electric Controls Co.