Market Highlights
The Aircraft Pressure Sensors Market is likely to grow at a significant CAGR of 10.6%, in the long run, to reach US$ 1.04 billion in 2028.
A pressure sensor is a device that detects pressure and converts it into an electric signal whose magnitude is proportional to the applied pressure. After that, the data is displayed and calibrated to alert the pilot. The cost of a pressure sensor is the highest of any type of aircraft sensor. Pressure and temperature sensors are two of the most commonly used sensor types in aircraft for a variety of applications. Pressure sensors are widely used in hydraulic systems for braking, moving control surfaces, lowering and raising landing gears, etc. They are also used in APUs, cabins, and galleys. Aircraft pressure sensors are classified into three types: differential pressure sensors, absolute pressure sensors, and gauge pressure sensors.
After three difficult years (2019-2021), the aerospace industry is gradually moving back on track. The industry is still encircled by several geopolitical challenges, which are putting pressure on the supply chain along with market demand. Despite these challenges, Stratview still predicts impressive growth in the next couple of years, followed by sequential growth in the mid to long-term.
Segments Analysis
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Segmentations
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List of Sub-Segments
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Dominant and Fastest-Growing Segments
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Aircraft Type
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Commercial Aircraft, General Aviation, Regional Aircraft, Military Aircraft, Helicopter, and Unmanned Aerial Vehicle
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The high cost of pressure sensors paired with the incorporation of a large number of pressure sensors in commercial aircraft is the key reason behind its dominance among all aircraft types.
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Sensor Type
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Differential Pressure Sensor, Absolute Pressure Sensor, and Guage Pressure Sensor
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The pressure sensor is found usage in almost all crucial aircraft sections including but not limited to engine, flight control systems, cabin, and landing gear applications.
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Application Type
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Engine; Landing Gears, Wheels & Brakes; Flight Control Systems; Cabin, Cargo & ECS; and Others
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Engine is expected to be the biggest demand-generating application category of pressure sensors in the years to come.
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End-User Type Type
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OE and Aftermarket
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OE is to remain the dominant end-user type.
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Regional Basis
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North America, Europe, Asia-Pacific, and Rest of the World
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Despite challenging market conditions for Boeing, North America will continue to dominate the global market over the next five years.
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By Aircraft Type
The aircraft pressure sensors market is segmented into commercial aircraft, general aviation, regional aircraft, military aircraft, helicopter, and unmanned aerial vehicles. Commercial aircraft is expected to remain the dominant aircraft type in the market during the forecast period owing to the increasing air passenger traffic coupled with an expected increase in production rates of key aircraft programs. Pressure sensors are deployed in several crucial sections of commercial aircraft such as landing gear, engine, cabin, and flight control systems.
By Sensor Type
The market is segmented into differential pressure sensor, absolute pressure sensor, and gauge pressure sensor. The differential pressure sensor is expected to remain the dominant as well as the fastest-growing sensor type in the market during the forecast period as these sensors have a pressure-sensitive component that allows them to detect, watch over, and measure the pressure being applied at their ends. It provides an aid in acquiring the data required for the system to give the reader broader information. It also includes electronic components for transforming the calculated information into an output signal.
By Application Type
The market is segmented as engine; landing gears, wheels & brakes; flight control systems; cabin, cargo & ECS; and others. Engine is expected to remain the dominant application type in the market during the forecast period, owing to the high usage of pressure sensors in the compressor, turbine, and gearbox section.
Regional Analysis
In terms of regions, North America is expected to remain the largest market for aircraft pressure sensors during the forecast period. The region, especially the USA, is the manufacturing hub of the aerospace industry with the presence of a large number of industry stakeholders, such as aircraft and aero-engine OEMs, tier players, and raw material suppliers. This has led the region to be the forerunner of the aircraft industry. On the other hand, Asia-Pacific is set to grow at the highest rate in the years to come, propelled by several factors among which the opening of assembly plants of key OEMs and high focus on the development of aircraft programs indigenously are the major ones.
Key Players
The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc. The following are the key players in the aircraft pressure sensors market:
- Crane Holdings Co.
- TE Connectivity
- Thales Group
- Meggitt PLC
- Curtiss-Wrights Corporation
- Transdigm Group, Inc. (Auxitrol Weston)
- Ametek Inc.
- Honeywell Incorporation Inc.
- Kulite Semiconductor Products, Inc.
- Amphenol Corporation.
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aircraft pressure sensors market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
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Key questions this report answers
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Relevant contents in the report
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How big is the sales opportunity?
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In-depth Analysis of the Aircraft Pressure Sensors Market
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How lucrative is the future?
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Market forecast and trend data and emerging trends
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Which regions offer the best sales opportunities?
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Global, regional, and country-level historical data and forecasts
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Which are the most attractive market segments?
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Market segment analysis and Forecast
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Which are the top players and their market positioning?
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Competitive landscape analysis, Market share analysis
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How complex is the business environment?
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Porter’s five forces analysis, PEST analysis, Life cycle analysis
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What are the factors affecting the market?
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Drivers & challenges
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Will I get the information on my specific requirement?
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10% free customization
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Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com
