North America Aircraft Sensors Market to Touch Robust CAGR of 7% throughout the Projected Period

Published on : Oct 27, 2017

Albany, New York, October 27, 2017: Recently, Market Research Hub (MRH) has included an in-depth study regarding sensors used in aircrafts in its vast research repository, with the title of “Aircraft Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022”. The global market is thoroughly monitored and analysed in order to gain key acumen regarding the global scenario.

Global Market for Aircraft Sensors: Outlook

The global market for aircraft sensors is anticipated to largely benefit owing to the developments in this sector in North America region. This region reflects higher attractiveness and is leading the global market in 2017 and is poised to continue its status quo till the end of the assessment period. The demand for aircraft sensors is expected to rise owing to the development in the aviation sector in many developed regions. In North America, major manufacturers involved in the aircraft sector such as Lockheed Martin, Bell Helicopter as well as Boeing are investing in sensors and also creating higher demand for the aircraft sensors in this region.

The main motive of this research report is to present a comprehensive understanding regarding vital details that have an influence over the growth of the aircraft sensors market thus triggering the demand of aircraft sensors on a global level. With this research study, the reader can get an inkling to numerous aspects of the market and can make informed decisions to gain competitive advantage in the coming years. Also, the research report portrays future market projections pertaining to aircraft sensors that can assist the reader in planning future moves.

Global Market for Aircraft Sensors: Influencing Aspects

The aircraft sensors market is expected to gain an impetus owing to expanding businesses with respect to numerous platforms like rotary-wing aircraft, fixed-wing aircraft and unmanned aerial vehicle (UAV). By the end of the base year (2017), the fixed-wing aircraft segment is anticipated to show prominence in creating various opportunities for several industry players. Moreover, this segment is predicted to contribute to the growth of the overall aircraft sensors market in the coming years. Gyroscopes are expected to be a critical type of sensors used in aircrafts that could deliver a huge revenue during the period of assessment. The weighted research report on aircraft sensors market includes in-depth analysis on various market facets that have a direct or an in-direct influence over the expansion of the market.

Market Nomenclature

The global market for aircraft sensors has been categorized on the basis of product type, by application and by region. By product type, the market is segmented into turbofan, turboshaft and turboprop. In the application category, the market is segmented into commercial, general and military. By region, the global market is segmented by North America, Japan, Europe, Latin America, Asia Pacific excluding Japan (APEJ) and Middle East and Africa (MEA). In the application type category, the commercial segment is estimated to reflect a higher market share and valuation by the end of the forecast period 2017-2022. This segment is projected to grow at a noteworthy rate and poised to register a 6.7% CAGR throughout the 2017-2022 timeline to reach a significant market valuation. In 2017, this segment is anticipated to reflect a market share of more than 50% to lead the global market in terms of application. Regional market analysis stresses the fact that the North America region is highly favourable for the growth of the global market for aircraft sensors. The aircraft sensors in the North America region is projected to grow at a robust 7.0% CAGR throughout the period of forecast. The market in other regions is expected to soar at a significant rate in the coming years.

Competitive Analysis

The research report on global aircraft sensors market covers an in-depth analysis on the various key players involved in the market such as Curtiss-Wright Corporation, Meggitt plc, Safran SA, General Atomics Corporation, Schneider Electric SE, AMETEK, Inc., Zodiac Aerospace SA, Honeywell International, Inc., TE Connectivity Ltd., and UTC Aerospace Systems.

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