The aircraft sensors market is projected to grow from USD 1.68 billion in 2017 to USD 2.25 billion by 2022, at a CAGR of 6.01 per cent during the forecast period. Increase in aircraft orders is one of the key factors driving the aircraft sensors market. According to the Boeing Current Market Outlook, the demand for commercial aircraft will grow significantly in the future.

Flight deck and flight controls is expected to be the largest segment of the aircraft sensors market during the forecast period. Rise in demand for new aircraft, higher ASP of premium quality sensors in flight deck and flight control, and increased adoption rate of these sensors in commercial passenger aircraft are expected to drive the flight deck and flight controls segment during the forecast period.

Based on aircraft type, the UAV segment is projected to grow at the highest CAGR during the forecast period. Sensors such as pressure sensors, accelerometers, flow sensors, gyroscopes are integral components of UAVs.

Based on connectivity, the wireless sensors segment of the aircraft sensors market is projected to grow at the highest CAGR during the forecast period. Wireless sensors reduce the installation and maintenance costs of an aircraft. These sensors also reduce subsystems design complexity of the aircraft. Increased deployment of structural health monitoring system in aircraft, which uses IoT technologies, drives the growth of the wireless sensors segment during the forecast period.

North America is expected to lead the aircraft sensors market during the forecast period, owing to the presence of major aircraft manufacturers, such as Boeing (US), Bombardier (Canada), Lockheed Martin (US), Bell Helicopter (US), and Sikorsky Aircraft (US), coupled with the growth of the aviation industry in the region.

Keyplayers operating in the aircraft sensors market are Honeywell International, Inc., (US), TE Connectivity Ltd. (Switzerland), Ametek, Inc. (US), General Electric Company (US), Meggitt PLC (UK), Safran Electronics & Defense (France), Woodward Inc. (US), Thales Group (France), and Zodiac Aerospace (France). These companies have well-equipped manufacturing facilities and strong distribution network across North America, Europe, and Asia-Pacific.