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.
The conventional aircraft uses sensors that are connected through wired networks, which pose challenges such as cable routing, noise, added weight to the structure, and others.
The usage of wireless sensors in aircraft has remarkable advantages in terms of flexibility in sensor configuration, design optimization, and weight optimization.
The new aircraft are designed with the incorporation of wireless sensors.
The global aircraft sensors market is expected to gain impetus from the increasing demand for new aircraft.
This information is published in an upcoming report by Fortune Business Insights™, titled, “Aircraft Sensors Market Size, Share and Global Trend By Aircraft Type (UAVs, Helicopter, Military Aircraft, Commercial Aircraft), By Sensors Type (Gyro, Speed, Pressure, Temperature), By Application (Landing Gear, Flight Deck Environmental Control) and Geography Forecast till 2026.”The report further states that advancements in aircraft technology and the rising number of deliveries of the UAVs and autonomous aircraft would propel aircraft sensors market growth during the forecast period.
Air traffic has also upsurged drastically since the past few years owing to the ever-increasing population.
Rise in demand for small-sized humidity sensors, increase in installation of personal weather stations, growth in automobile sector, and surge in adoption of IoT and AI in electronics drive the global humidity sensor market.
However, need of improvement in technical specifications of humidity sensor restrains the market growth.
On the other hand, development of vertical farming and precise farming create new opportunities in the coming years.According to the report, the global humidity sensor market garnered $4.0 billion in 2019, and is estimated to reach $11.85 billion by 2027, registering a CAGR of 14.2% from 2020 to 2027.COVID-19 ScenarioThe global lockdown due to novel coronavirus has impacted global supply chain.
Various countries are taking initiative and providing financial support to their domestic market players in order to help them strengthening their market position.There will be a growing demand for humidity sensors from healthcare sector, as all countries are currently focusing and investing high to improve healthcare facilities.The relative segment to maintain its lead status in terms of revenue throughout the forecast periodBased on product, the relative segment accounted for more than four-fifths of the global humidity sensor market in 2019, and is expected to maintain its lead status in terms of revenue throughout the forecast period.
Moreover, this segment is estimated to portray the highest CAGR of 14.9% from 2020 to 2027.
The report also analyzes the absolute segment throughout the forecast period.Read Full News: https://www.alliedmarketresearch.com/humidity-sensor-market The digital segment to maintain its leadership position during the forecast periodBased on type, the digital segment contributed to the highest market share with nearly three-fifths of the global humidity sensor market share in 2019, and is estimated to maintain its leadership position during the forecast period.
According to the Recent Research Study by Hexa Research, global market of image sensor is estimated to reach over USD 12,030 million by 2020.
Image Sensors are mainly used in Tablets and Camera phones.
Hence, rapid growing demand and use of these devices is likely to be major factor for growth the market.
Image sensor detects and conveys that information that constitutes an image.
They are estimated to reach 3,009 million units by the year 2020, with growing CAGR 6.6% from 2015 to 2020.CMOS image sensors provide numbers of profits counting super image quality more than their CCD counter parts.
Contact image sensors need less power and can also be used in smaller devices, this segment is expected to grow at CAGR for around 5.1 % from 2015 to 2020.Browse Details of Report@ https://www.hexaresearch.com/research-report/image-sensors-industry/Report also stated that, Consumer electronics was expected to be the leading application segment in last few years in volume and cost terms, fueled by rising demand of tablets and mobile phones.
