Global Aircraft Sensor Market

By Author: Radhika
Total Articles: 7
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Increasing demand from applications including doors, engines, wings, landing gears, the cockpit is expected to drive the growth of the aircraft sensor market. This market has witnessed a number of key developments by major companies including TE Connectivity Ltd, Honeywell International Inc, Meggit PLC., Thales Group, General Electric Company, and others with a focus on organic as well as inorganic growth strategies.

The aircraft sensors market is expected to see exponential growth in the narrowbody aircraft sector as leading aircraft manufacturers are producing more and more narrow-body aircraft due to its increasing demand in India, China, and many other emerging countries. On the other hand, narrow-body aircraft are low in cost and will always be preferred by low-cost airline services.

The Asia Pacific is estimated to be the fastest-growing region with increasing expenditure on defense and space research. With the presence of some of the fastest-growing economies including India and China, this region is projected to be a major market for the aircraft sensor market during the forecast period.