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Aeroderivative Sensor Market Trends

  • Report ID: GMI5359
  • Published Date: Aug 2024
  • Report Format: PDF

Aeroderivative Sensor Market Trends

The aeroderivative sensor industry is experiencing notable growth with the rising integration of advanced sensors in contemporary aerospace systems. As smart aircraft and unmanned aerial vehicles (UAVs) become more prevalent, the demand for sensors that provide high precision, reliability, and resilience in extreme conditions is surging. For instance, in May 2024, Honeywell developed lightweight, custom-engineered sensors for Lilium's all-electric vertical takeoff and landing (eVTOL) jet. These innovative sensors, essential for precise engine positioning, support Lilium's goal of sustainable, high-speed regional air mobility with zero emissions. Similarly, in July 2024, IdeaForge acquired a stake in spacetech startup GalaxEye Space for INR 8.28 Cr, aiming to develop drone-based sensors for fog and foliage penetration. The acquisition aligns with IdeaForge's expansion, including entering the U.S. market and enhancing its UAV systems. This necessity is propelling the adoption of aeroderivative sensors in both commercial and military aviation.
 

Aeroderivative sensors are increasingly being adopted for predictive maintenance and enhancing system efficiency. As the aerospace industry embraces data-driven operations, the capability to foresee and avert equipment failures is gaining paramount importance. These sensors furnish crucial data for monitoring aircraft system health. Consequently, airlines and military operators can fine-tune maintenance schedules, minimize downtime, and boost overall operational efficiency. This growing reliance on aeroderivative sensors underscores the wider trend of advanced sensor adoption in the aerospace sector.

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The market size for aeroderivative sensor was valued at USD 318.9 million in 2023 and is anticipated to grow at over 8.5% CAGR between 2024 & 2032, propelled by the advancements in aerospace systems.

The temperature aeroderivative sensor segment is expected to reach a value of over USD 200 million by 2032, as these sensors prevent overheating to ensure engines remain within safe temperature limits and bolster efficiency, reliability, and longevity.

North America aeroderivative sensor market accounted for a share of over 40% in 2023 and will grow rapidly through 2032, fueled by its robust aerospace and defense industries.

Bently Nevada, Columbia Research Laboratories, Inc, Conax Technologies, EthosEnergy, KISTLER INSTRUMENT CORP, among others.

Aeroderivative Sensor Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 25
  • Tables & Figures: 244
  • Countries covered: 21
  • Pages: 227
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