Sensors in aircraft play a critical role in providing accurate data for safe and effective flight time, as well as the take-off and landing of the aircraft, as they provide feedback on a wide array of conditions of airplanes, such as the temperature and pressure of the cabin, controlling the wings, flaps, and others. The increasing integration of the internet of things (IoT) in airplanes, to gain real-time statistics, is raising the utilization and need for sensors to generate more accurate data, which is driving the avionics sensor market.
MARKET SCOPE
The "Global Avionics Sensors 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 Avionics Sensors market with detailed market segmentation by application, aircraft type, and geography. The report provides key statistics on the market status of the leading Avionics Sensors market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of application, the market is segmented flight control systems, communication navigation and surveillance systems, flight management systems, aircraft health monitoring systems
- On the basis of aircraft type, the market is segmented commercial aircraft, military aircraft, helicopter, UAV
MARKET DYNAMICS
Drivers:
- Increasing usage of sensors for data gathering.
- Increasing investments by private equity firms in the avionic sensors market.
- Increasing adoption of Internet of Aircraft Things in the aviation industry.
- Increasing demand for sensors in the growing unmanned aerial vehicles industry.
Restraints:
- Insufficient technology growth in developing countries.
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), the Middle East and Africa (MEA), and South America. The Avionics Sensors market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 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, highlighting the factors affecting the Avionics Sensors market in these regions
IMPACT OF COVID-19 ON AVIONICS SENSORS MARKET
The disruption in global supply chain due to the COVID-19 pandemic has left a drastic impact on the aerospace industry through 2020 till 2021. There has been a reduction in the production volume of commercial aircrafts, due to which the demand for Avionics Sensors market has been severely affected. Moreover, there has been a halt in overall commercial flights across the world which has led to a decrease in the demand for aircraft parts such as avionics sensors components. However, the avionics sensors used in military aircraft, helicopters, and UAVs are vital for the efficient functioning of the aircraft. Owing the typical requirement of avionics sensors in defense industry, the demand for avionics sensors from the defense sector remains effectively unaffected.
MARKET PLAYERS
The report covers key developments in the Avionics Sensors 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 market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Avionics Sensors market are anticipated to lucrative growth opportunities in the future with the rising demand for Avionics Sensors in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Avionics Sensors 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.
- AMETEK
- Amphenol Corporation
- Collins Aerospace
- Crane Aerospace and Electronics
- Eaton
- Fluid Components International
- Japan Aviation Electronics Industry
- Meggit Plc
- TE Connectivity
- Transdigm Group Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.