The global aircraft sensors market, valued at USD 2.23 billion in 2019, is projected to soar to USD 12.97 billion by 2032, reflecting a robust compound annual growth rate (CAGR) of 14.50% from 2020 to 2032. In 2019, North America led the market, holding a dominant 39.91% share.

The aircraft sensors market is experiencing significant growth, driven by the ongoing advancements in aviation technology that prioritize enhanced safety, efficiency, and connectivity. The increasing adoption of smart and autonomous aircraft has elevated the importance of sensors as essential components for real-time data collection, which is crucial for predictive maintenance, optimizing fuel usage, and ensuring passenger safety. The integration of IoT and AI within the aviation sector is further propelling market growth, enabling advanced sensor applications that monitor various aspects, from engine performance to cabin conditions. As the aviation and defense industries continue to embrace digital transformation, the aircraft sensors market is set to play a pivotal role in shaping the future of aviation.

List of companies profiled in the report:

• Honeywell International, Inc. (The U.S.)
• Ametek, Inc. (The U.S.)
• General Electric Company (The U.S.)
• Meggitt PLC (The U.K.)
• Safran S.A. (France)
• Woodward Inc. (The U.S.)
• Thales Group (France)
• Zodiac Aerospace (France)
• Curtiss-Wright Corporation (The U.S.)
• Schneider Electric SE (France)
• General Atomics Corporation (The U.S.)
• The Raytheon Company (The U.S.)
• TE Connectivity (Switzerland)
• Lockheed Martin Corporation (The U.S.)

Increasing Number of Company Mergers and Acquisitions Will Provide Impetus to Market Growth