Military Aviation Sensors and Switches Market Competitive Landscape to 2030
Posted by Vedika on February 3rd, 2021
The Global Military Aviation Sensors and Switches Market size is estimated to be USD 180.3 million in 2019 and is predicted to reach USD 252.3 million by 2030 with a CAGR of 3.1% from 2020-2030.
Military Aviation Sensors & Switches are the devices which are used in the aircraft to obtain accurate data from the various sections of the aircraft such as landing gear, cockpit, wings and others. The data collected from the various different sections are transferred to the system and ensure the safe and efficient function of the aircraft and also provide information about any damage or malfunction to avoid accidents and other conditions.
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Top Companies: Honeywell International, GE Aviation, Ametek Inc., Safran Electronics & Defence, United Technologies Corporation, Thales SA, Curtiss Wright Corporation, TE Connectivity, Meggit PLC and others.
The global military aviation sensors & switches market share is analysed on the basis of sensor type, application, end user and geography. On the basis of sensor type, the market is segmented into Proximity Sensors, Position Sensors, Pressure Sensors, Temperature Sensors, Angle Of Attack Sensors, Speed Sensors, and Field Switches. Based on application, the market is fragmented into Fighter Aircraft, Training Aircraft, Transport Aircraft, UAV, Helicopter, and Space. On the basis of end user, the market is divided into Health Monitoring System (HMS), Cabin/ Avionics, Engine, and Other. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.
North America is expected to account for the major market share over the forecast period coupled with increased adoption of Military Aviation Sensors & Switches. Furthermore, Presence of developed infrastructure and technological advancement coupled with increase in aerospace industry are further expected to fuel the growth of Military Aviation Sensors & Switches market. Asia Pacific is expected to show rapid growth with gradual increase in market share owing to the increased government expenditure on defense. Furthermore, increased use of unmanned aerial vehicle coupled with increased use of electronics in aircraft is also expected to support the growth of Military Aviation Sensors & Switches market.
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About the AuthorVedika
Joined: November 28th, 2020
Articles Posted: 128
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