Global Sensors Market for Avionics Industry 2017-2021

Overview of the global sensors market for the avionics industry

Market research analysts at Technavio predict that the global sensors market for the avionics industry will grow steadily at a CAGR of more than 7% by 2021. The implementation of real-time monitoring in aircraft is identified as one of the primary growth factors for this market. The implementation of real-time monitoring systems on the airplane allows aircraft operators to oversee the flight performance and engine effectiveness efficiently. These systems enable proper and precise maintenance and also help in lowering the overall maintenance and repair costs of an aircraft. Such advantages increase the service life of the aircraft and its components. Moreover, these sensor systems also help in collecting a wide range of data that include variations in flight conditions, the status of onboard systems, and operation of engines.

The US will be the major revenue contributor to the sensors market for the avionics industry throughout the forecast period. The presence of the world's most renowned commercial aircraft and business jet manufacturers and the rising R&D projects drive the growth of the market in the US. Additionally, large investments towards in-house R&D and the rising funds for academic research institutes, will also propel the growth of the aircraft sensors market in the country.

Competitive landscape and key vendors  

The sensors market for the avionics industry consists of many vendors. These vendors earn contracts with aircraft manufacturers such as Airbus and Boeing or defense organizations of several countries. The competition among the players in the aircraft sensors market is intense and the vendors look to outbid each other to win contracts. The competition in the market is expected to further intensify due to the rise in innovations, product extensions, service extensions, and M&A activities.

The vendors in the market are AMETEK, Amphenol, CiES, Crane Aerospace & Electronics, Eaton, Esterline Technologies, Fluid Components (FC), HarcoSemco, Japan Aviation Electronics Industry, Jewell Instruments, Meggitt, MEMSCAP, Murata Manufacturing, RdF, Sensor Systems, Sensata Technologies, LORD, TE Connectivity, UTC Aerospace Systems, and Zodiac Aerotechnics.

Segmentation by application and analysis of the sensors market for the avionics industry

• Flight Control Systems (FCSs)
• Communication, navigation, and surveillance (CNS) systems
• Flight management systems (FMSs)
• AHMSs

During 2016, the FCSs segment accounted for the major shares of the aircraft sensors market. Factors such as the rise in aircraft fleet and the increase in advancements in aircraft manufacturing will contribute to the growth of this market segment in the coming years. Furthermore, the growing requirement for automatic FCSs in flights to improve flight stability and lowering crew workload will also drive the need for sensors for avionic systems.

Segmentation by aircraft type and analysis of the sensors market for the avionics industry

• Unmanned aircraft
• Helicopters
• Commercial aircraft
• Military aircraft

According to this market research report, the military aircraft segment accounted for the maximum shares of the sensors market for the avionics industry during 2016. However, the commercial aircraft segment will lead the aircraft sensors market by the end of the forecast period due to the growing focus toward the safety and security of airplanes across the world. Moreover, the implementation of guidelines demanding the implementation of advanced avionics in aircrafts by numerous international agencies such as the European Aviation Safety Agency and the International Air Transport Association will also drive the growth of the segment in this global market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global sensors market for the avionics industry?
• What are the key market trends impacting the growth of the global sensors market for the avionics industry?
• What are the challenges to market growth?
• Who are the key vendors in the global sensors market for the avionics industry?
• What are the market opportunities and threats faced by the vendors in the global sensors market for the avionics industry?
• Trending factors influencing the market shares of APAC, Europe, the US, and ROW.
• What are the key outcomes of the five forces analysis of the global sensors market for the avionics industry?

Technavio also offers customization on reports based on specific client requirement.

A sensor is an equipment that can sense or measure a physical property and then record, indicate, or respond to it. The growing demand for tablets and mobile phones is a factor driving the growth of sensors for a wide range of applications. By scrutinizing emerging trends in customer behavior, growth potential, and market challenges, the team of industry research experts at Technavio furnishes an expansive portfolio of industry research reports on the various aspects of the sensors sector, which is an essential part of the hardware and semiconductor industry.

To calculate the sensor industry’s growth prospects, research analysts at Technavio follow a combination of quantitative and qualitative research techniques and also consider factors such as the market size and the demand for various products globally. By analyzing detailed information on a range of factors like the constantly changing consumer behavior and the products offered by prominent vendors across the globe, our upcoming market research report on the global sensors for the avionics industry market for the forecast period of 2017 to 2021 will help clients recognize the constantly changing landscape for the sensors sector. Technavio also offers custom-made reports for clients based on their specifications to help them substantiate their presence in the market.

This upcoming industry research report on the global sensors for the avionics industry market also considers the growth of related markets such as nanosensors, which is expected to grow at a CAGR of around 93% by 2021. The upcoming industry research report for the global sensors for the avionics industry market also identifies the primary drivers, key trends, and the critical challenges currently faced by the sensors sector. It also offers a competitive analysis to give a complete picture of the human machine interface and displays.