Record Production Of Commercial Aircraft Spawns A Huge Market For Sensors | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-06.10.24

Airborne-NextGen-06.11.24

Airborne-Unlimited-06.12.24 Airborne-FltTraining-06.13.24

Airborne-Unlimited-06.14.24

Mon, Aug 25, 2014

Record Production Of Commercial Aircraft Spawns A Huge Market For Sensors

Analyst Frost & Sullivan Finds Market Earned Revenue Of $1.24 Billion

In 2013, for the third year in a row, the annual global production of commercial aircraft crossed 1,000 aircraft per year. In the next 20 years, the aerospace industry is expected to have an additional 34,000 commercial aircraft. The frenzied activity in this industry is expected to ripple into the sensor market. Sensor manufacturers have been developing technologically superior sensors to keep pace with airlines, which are updating their fleets with new fuel-efficient aircraft in order to stay competitive.

New analysis from Frost & Sullivan, "Analysis of Sensor Market in the Global Aerospace Industry", finds that the market earned revenues of $1.24 billion in 2013 and estimates this to reach$2.44 billion in 2020. The aerospace industry has been segmented into commercial and general aviation.

"The increase in fuel costs is driving the demand for fuel-efficient aircraft with next-generation engine technology and new jet power plants," said Frost & Sullivan Measurement & Instrumentation Senior Industry Analyst Sankara Narayanan. "These innovations are compelling sensor manufacturers to develop advanced sensors that offer compactness, low cost, reduced complexity, interoperability and ability to communicate with other sensors."

Delivering cutting-edge sensors for aircraft requires highly skilled employees and extensive coordination and integration with suppliers. As the design and production of aircraft is complex, the sensors have to be equally sophisticated. The aerospace industry has always been a trailblazer in sensor technology development and a new wave of technology awareness is spurring research in more advanced sensors for numerous aircraft applications.

"The measurement of critical parameters such as level, temperature, vibration, pressure, flow and position will remain critical for a safe flight," noted Narayanan. "Therefore, as long as airlines continue to build and fly aircraft, there will be a demand for sensors in the aerospace industry."

FMI: www.sensors.frost.com

Advertisement

More News

ANNouncement: Now Accepting Applications For Oshkosh 2024 Stringers!!!

An Amazing Experience Awaits The Chosen Few... Oshkosh, to us, seems the perfect place to get started on watching aviation recover the past couple of years... and so ANN is putting>[...]

Aero-News: Quote of the Day (06.13.24)

“NBAA has a tremendous responsibility to the business aviation industry, and we are constantly collaborating with them. Our flight departments, professionals and aircraft own>[...]

ANN's Daily Aero-Term (06.13.24): Dead Reckoning

Dead Reckoning Dead reckoning, as applied to flying, is the navigation of an airplane solely by means of computations based on airspeed, course, heading, wind direction, and speed,>[...]

ANN's Daily Aero-Linx (06.13.24)

Aero Linx: Vertical Aviation Safety Team (VAST) We are a public–private initiative to enhance worldwide flight operations safety in all segments of the vertical flight indust>[...]

ANN FAQ: How Do I Become A News Spy?

We're Everywhere... Thanks To You! Even with the vast resources and incredibly far-reaching scope of the Aero-News Network, every now and then a story that should be reported on sl>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC