Aircraft Sensors Market to Reach USD 2.25 Bn by 2022, Projects M&M in Its Cutting-Edge Study Recently Uploaded at MarketPublishers.com30 Aug 2017 • by Natalie Aster
LONDON – The world’s aircraft sensors market is poised to increase at a 6.01% CAGR during 2017-2022 and, thus, grow in value from USD 1.68 billion to USD 2.25 billion. Sustainable growth in this market is fueled by elevating demand for aircraft, rising investments in aircraft sensors development by private equity groups, ongoing advancements in aircraft sensors technologies, amid others. Still, the market also faces a number of challenges including issues associated with authorisation from FAA and local aircraft regulatory bodies.
On the basis of platforms, the overall market is likely to be reigned by the fixed-wing aircraft segment; this is attributed to high popularity of these type of aircraft in the commercial aviation sector and increasing demand for low-cost carries.
Regionally, North America takes lead, whilst APAC is forecast to exhibit the high growth pace over 2017-2022.
MarketsandMarkets M&M cutting-edge research study “Aircraft Sensors Market by Platform, Sensor, Application, Connectivity, and Region - Global Forecast to 2022” is an unrivalled source of trustworthy updated data on the performance of the global aircraft sensors market at various geographical scales. It touches upon the historical background and the current scenario in the examined market, discusses the key factors having influence on the market growth and development as well as highlights the market dynamics. Moreover, this report points out key growth barriers and opportunities, touches upon competitive landscape and gives info on the top players. Moreover, the report contains a detailed market segmentation analysis and provides a future outlook through 2022.
Note that this research report includes 12 comprehensive profiles of the major aircraft sensors market players: Honeywell International, TE Connectivity, AMETEK, General Electric Company, Curtiss-Wright Corporation, Safran Electronic & Defense, Esterline Technologies Corporation, UTC Aerospace Systems, The Raytheon Company, Meggitt, Zodiac Aerospace and Thales Group. Each profile includes an all-round overview of a company’s business performance, gives details on product portfolio, reviews the major business strategies, discloses financial details, covers the recent development and business activities, etc.
For a full collection of the publisher’s research studies follow to the MarketsandMarkets catalogue at MarketPublishers.com.