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Research analysis on the global aircraft turbine engine flowmeter and pressure sensors market identifies that the rising engine performance with increased efficiency will be one of the major factors that will have a positive impact on the growth of the market. Technavio's market research analysts predict that this market will grow at a CAGR of nearly 5% by 2021. The aircraft operators intend to operate engines that provide better fuel efficiency with lesser maintenance costs. Monitoring and fixing of aero-engine components lead to significant increase cost figures raising the operational costs. To mitigate this, improved engine parts such as the fuel flowmeter can be integrated to an aero-engine to keep track of the real-time consumption of aviation fuel. These devices are necessary for pilots to determine the engine performance and help conduct various flight planning-related calculations. These calculations include electronically computing and displaying information regarding the total fuel used, total fuel remaining, total range and flight time remaining at a persistent airspeed, and the rate of fuel consumption. Advantages like these will drive the demand for aircraft turbine engine flowmeter and pressure sensors in the global market.
The utilization of control logic and graphical programming tools in designing fuel management system is one of the latest trends that will contribute to the growth of this market. To introduce an advanced mechanism in the market, Airbus utilized Simulink and Stateflow control logic and graphical programing tools to come up with a better fuel management system for its A380 wide-body aircraft. These innovative tools assisted Airbus engineers to simulate the whole fuel flow mechanism and determine the essential functional specifications. This approach has led the developers to design an in-flight fuel management mechanism concentrating in key areas such as the center of gravity control, normal engine feed, load alleviation, and fuel jettison.
The aircraft turbine engine flowmeter and pressure sensor market is quite competitive. The vendors in the market compete based on the factors such as product cost, reliability, and quality. These factors are making it crucial for vendors to ensure the provision of cost-efficient and superior quality solutions for new-generation engines.
The leading vendors in the market are ?
The other prominent vendors in the market are HarcoSemco, Meggitt Sensing Systems, Rolls-Royce Controls and Data Services, and Titan Aviation.
During 2016, the flowmeter and pressure sensors for turbofan engine segment accounted for the major shares of this market. Factors such as the rising orders for narrow-body aircrafts and the growing need to enhance the fuel management system will contribute to the growth of this industry segment in the coming years.
This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the aircraft turbine engine flowmeter and pressure sensors market throughout the forecast period. The robust aviation base in North American countries, particularly the US and Canada and the increase in demand for engine and associated components will drive the market growth in the region.
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This upcoming research report on the aircraft turbine engine flowmeter and pressure sensor market offers insights into the major trends and forthcoming drivers influencing the growth of the aerospace and defense industry. OuImarket research reports for the aerospace and defense industry also follow a scrupulous data collection methodology and present an extensive analysis of niche segments like aerospace components.
Moreover, to achieve higher accuracy, our industry experts implement an extensive research approach of primary and secondary data collection methods and assess the changing demand-supply landscape of the aerospace components sector. Few of the key approaches involved in the in this methodology are detailed vendor briefings, online surveys, and consultation of industry journals and publications. Also, by considering the market forecast and size and the surging demand for various segments of the aerospace components sector, the market research professionals at Technavio present an all-inclusive picture of the aircraft turbine engine flowmeter and pressure sensor market from 2017 to 2021.
This forthcoming market research report on the aircraft turbine engine flowmeter and pressure sensor market also covers vendors like ELDEC Corporation, Meggitt Sensing Systems, and Senior Aerospace Ketema?. Our industry analysts believe that the rapid rate of adoption of the next-generation aircraft engine, which requires high-end sophisticated flowmeters and pressure sensors for enhanced flight performance may influence the aircraft turbine engine flowmeter and pressure sensor market during the next few years.
The upcoming industry research report for the aircraft turbine engine flowmeter and pressure sensor market also categorizes the major drivers, prominent trends, along with the imminent restraints that the aerospace components sector is witnessing. This upcoming report on the aircraft turbine engine flowmeter and pressure sensor market also presents insights into the rapidly changing competitive landscape to give clients a complete picture of the forthcoming events within the aerospace and defense industry. Technavio also presents in-depth market assessments into the sectors such as aerospace manufacturing and aerospace products.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by engine type
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Appendix
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
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