Aeroderivative Sensor Market Overview:
Aeroderivative Sensor Market Size was estimated at 318 million in 2023. The Aeroderivative Sensor Market Industry is expected to grow from 325 Million in 2024 to USD 632 Million Billion by 2032. The Aeroderivative Sensor Market CAGR (growth rate) is expected to be around 8.3 % during the forecast period (2024 - 2032).
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Aeroderivative Sensor Market Trends Highlighted
Key market drivers include the growing demand for increased aircraft efficiency and performance, the need for reliable and accurate sensors for aircraft engine monitoring and control, and the increasing use of aeroderivative engines in various applications.Opportunities to be explored include the development of new and innovative sensor technologies, the expansion of the aeroderivative engine market into new regions, and the growing demand for aftermarket services for aeroderivative sensors. Recent trends indicate a shift towards the use of more advanced and integrated sensors, the adoption of digital signal processing and data analytics, and the increasing use of artificial intelligence (AI) and machine learning (ML) for sensor data analysis. These trends are expected to continue in the future, driving the growth and innovation of the aeroderivative sensor market.
Aeroderivative Sensor Market Drivers
Rising Demand for Efficient and Reliable Sensors in Aerospace Applications
The Aeroderivative Sensor Market Industry is increasing due to the growing demand for efficient and reliable sensors. These are commonly used in aerospace applications to acquire precise data and control the same. The growth of the market is due to the increase in safety applications used to monitor various critical predictors such as temperature, pressure, flow, vibration, and others. The market’s rising demands have resulted from the growing landscape of the aerospace industry and the demand for more advanced sensors with increased capabilities.
Advancements in Sensor Technologies and Miniaturization
The Aeroderivative Sensor Market Industry is experiencing an upsurge due to the recent improvements in sensor technologies. Miniaturization by the use of micro and nanotechnologies has enabled the implementation of smaller, more precise, and less expensive sensors. Such sensors have minimized size, weight, and power advantages in aerospace, especially when they are integrated into small, cheap radars or airplane engines. Moreover, miniature sensors allow the use of dense sensor fields, improving the sensing resolution.
Growing Adoption of Digitalization and IoT in Aerospace
The Aeroderivative Sensor Market Industry is benefiting from the development of digitalization and the Internet of Things in the aerospace sector. The sensor is coupled with the digital network to allow the determined and periodic or continuous data to be transmitted through the network to a remote monitoring station for real-time monitoring and data analysis, as well as the subsequent perfection of the computational model. Such incorporation helps in the implementation of the predictive maintenance strategy, helping reduce operational costs that affect the profitability of aerospace companies.The implementation of the Internet of Things and digitalization also helps the development of the smart sensor, which can process and analyze data on board and offer valuable information related to the utmost temperature, speed of operation, and, similarly, the implementation of the power turbine.
Aeroderivative Sensor Market Segment Insights:
Aeroderivative Sensor Market Propulsion Type Insights
The Aeroderivative Sensor Market is segmented by Propulsion Type into Turbofan, Turboprop, and Turboshaft. Turbofan segment is expected to emerge as the largest segment, owing to efficiency and thrust-to-weight ratio, which will enable their application in commercial aircraft and long-range military applications only. Turbofan segment is projected to grow at a CAGR of 9.5% and reach a valuation of USD 2.2 billion by 2032. Turboprop engines are used in regional aircraft, turboprop aircraft, and unmanned aerial vehicles. Furthermore, Turboprop exhibits high levels of fuel efficiency as compared to turbofan engines.Turboprop is anticipated to be an incremental segment and reach a valuation of USD 0.6 billion by 2032. Turboshaft engines are applied in helicopters and tilt-rotor aircraft. Turboshaft engines deliver high levels of torque and power, which enables their application in vertical takeoff and landing. The Turboshaft segment is projected to grow and reach a valuation of USD 0.4 billion by 2032. The growth rate of the Turboshaft segment is at the highest CAGR of 11.0% due to the increasing demand for helicopters in military applications as well as for urban air mobility and VTOL aircraft.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Aeroderivative Sensor Market Power Rating Insights
The Aeroderivative Sensor Market segmentation by Power Rating comprises Up to 5,000 SHP, 5,000 to 10,000 SHP, 10,000 to 15,000 SHP, and 15,000 SHP and above. Among these, the 5,000 to 10,000 SHP segment held the largest revenue share in 2023. This is due to the increasing demand for this power range in various applications, including power generation, oil and gas, and marine propulsion. The Up to 5,000 SHP segment is expected to witness significant growth over the forecast period due to the growing adoption of these sensors in small-scale applications.The 10,000 to 15,000 SHP segment is also expected to grow steadily over the forecast period due to the increasing use of these sensors in medium-sized power generation applications. The 15,000 SHP and above segment is expected to grow at a moderate pace over the forecast period due to the limited number of applications requiring such high power ratings. Overall, the Aeroderivative Sensor Market is expected to experience steady growth over the forecast period due to the increasing demand for these sensors across various industries.
Aeroderivative Sensor Market End Use Insights
The increasing demand for enhanced efficiency and performance in aviation and industrial applications is driving the growth of the aeroderivative sensor market. End Use segment of the Aeroderivative Sensor Market is segmented into Civil Aviation, Military Aviation, and Industrial Applications. Civil Aviation is the largest segment of the aeroderivative sensor market, accounting for over 60% of the market share. The growing demand for fuel-efficient and environmentally friendly aircraft is driving the growth of this segment. Military Aviation is the second largest segment of the aeroderivative sensor market, accounting for around 30% of the market share.The increasing demand for advanced military aircraft and the need for enhanced situational awareness and targeting capabilities is driving the growth of this segment. Industrial Applications are the smallest segment of the aeroderivative sensor market, accounting for around 10% of the market share. The growing demand for sensors in industrial applications such as power generation, oil and gas, and manufacturing is driving the growth of this segment.
Aeroderivative Sensor Market Sensor Type Insights
The Aeroderivative Sensor Market is segmented by Sensor Type into Temperature Sensors, Pressure Sensors, Vibration Sensors, Speed Sensors, and Other Sensors. Among these, Temperature Sensors held the largest market share in 2023, accounting for around 35% of the Aeroderivative Sensor Market revenue. The high demand for temperature sensors can be attributed to their critical role in monitoring and controlling the temperature of various systems and components in aeroderivative engines. Pressure Sensors are expected to witness the fastest growth during the forecast period, owing to the increasing need for accurate pressure monitoring in fuel systems, hydraulic systems, and other critical areas of aeroderivative engines. Vibration Sensors are also gaining traction due to their ability to detect and analyze vibrations, which is essential for ensuring the smooth operation of aeroderivative engines. Speed Sensors are used to measure the rotational speed of various components within aeroderivative engines, providing valuable data for performance monitoring and control. Other Sensors include a range of specialized sensors such as humidity sensors, position sensors, and flow sensors, which cater to specific requirements in aeroderivative engines.
Aeroderivative Sensor Market Regional Insights
The regional segmentation of the Aeroderivative Sensor Market offers valuable insights into the market's dynamics and growth potential. North America holds a significant share of the market, driven by the presence of major aerospace and defense industries. In 2023, the region accounted for approximately 35.2% of the market revenue. Europe follows closely, capturing around 28.7% of the market share, supported by strong demand from commercial aviation and military applications. The Asia-Pacific (APAC) region is projected to witness significant growth over the forecast period, owing to the rising demand for air travel and the expansion of the aerospace industry.South America, the Middle East, and Africa (MEA) regions are expected to contribute a smaller share to the overall market but present opportunities for growth in the coming years.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Aeroderivative Sensor Market Key Players and Competitive Insights:
The Aeroderivative Sensor Market industry’s significant competitors are continuously centering major efforts on researching and creating sensors of various types that correspond to the new demands of the developing aerospace industry. The Aeroderivative Sensor Market industry’s leading competitors actively research and develop competitive, lean sensors in constant interaction with the aerospace industry's main representatives. The Aeroderivative Sensor Market is characterized by a rather high level of competition, and the key players of the industry have to apply mergers and acquisitions, partnership agreements, and a number of other strategies to preserve and extend the market share. The Aeroderivative Sensor Market’s competitive environment is likely to remain the subject, and the promotion of advanced technology and the appearance of new industry leaders is expected from time to time in the industry. There are several leading players in the Aeroderivative Sensor Market industry, such as Honeywell International Inc. and GE Aviation.The Siderno Group is a manufacturer of ferrous and nonferrous steel and iron, and the company may be viewed as a company entering the aeroderivative sensor market. The company manufactures a number of equipment and parts used in the aviation industry, and the development and launching of the aeroderivative sensor manufacturing branch of the company were related to the improvement of the manufacturing quality and options and the general shift towards innovation characteristic of the company strategy.Companies commonly compete with each other and companies from other industries for the leading position in the market and development of the industry or market branch, and they use partnerships, mergers, or acquisition strategies during the process of general and industrial development.
Key Companies in the Aeroderivative Sensor Market Include:
- General Electric Company
- RollsRoyce Holdings plc
- CurtissWright Corp.
- TransDigm Group, Inc.
- Kawasaki Heavy Industries, Ltd.
- Honeywell International Inc.
- Safran SA
- IshikawajimaHarima Heavy Industries Co., Ltd.
- Mitsubishi Heavy Industries, Ltd.
- MTU Aero Engines AG
- CFM International
- LiebherrAerospace
- Pratt Whitney Canada Corp.
- Woodward, Inc.
Aeroderivative Sensor Market Industry Developments
The Aeroderivative Sensor Market is projected to reach USD 3.2 billion by 2032, growing at a CAGR of 9.28% from 2024 to 2032. The market growth is attributed to the rising demand for fuel-efficient and cost-effective aircraft engines. The increasing adoption of aeroderivative sensors in commercial and military aviation, along with technological advancements and the growing emphasis on safety and reliability, are expected to drive the market.Recent developments include the introduction of new products and collaborations by key market players. For instance, in 2023, Honeywell introduced its new HTS9000 pressure sensor, designed for harsh environments and providing accurate pressure measurements for aircraft engines. Partnerships between companies are also shaping the market, with Safran and Thales collaborating to develop an integrated sensor system for aircraft engines.
Aeroderivative Sensor Market Segmentation Insights
Aeroderivative Sensor Market Propulsion Type Outlook
- Turbofan
- Turboprop
- Turboshaft
Aeroderivative Sensor Market Power Rating Outlook
- Up to 5,000 SHP
- 5,000 to 10,000 SHP
- 10,000 to 15,000 SHP
- 15,000 SHP and above
Aeroderivative Sensor Market End Use Outlook
- Civil Aviation
- Military Aviation
- Industrial Applications
Aeroderivative Sensor Market Sensor Type Outlook
- Temperature Sensors
- Pressure Sensors
- Vibration Sensors
- Speed Sensors
- Other Sensors
Aeroderivative Sensor Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
Aeroderivative Sensor Market Report Scope
Report Attribute/Metric |
Details |
Market Size 2023 |
318 (USD Million) |
Market Size 2024 |
325 (USD Million) |
Market Size 2032 |
632 (USD Million) |
Compound Annual Growth Rate (CAGR) |
8.3 % (2024 - 2032) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Base Year |
2023 |
Market Forecast Period |
2024 - 2032 |
Historical Data |
2019 - 2023 |
Market Forecast Units |
USD Billion |
Key Companies Profiled |
General Electric Company, RollsRoyce Holdings plc, CurtissWright Corp., TransDigm Group, Inc., Kawasaki Heavy Industries, Ltd., Honeywell International Inc., Safran SA, IshikawajimaHarima Heavy Industries Co., Ltd., Mitsubishi Heavy Industries, Ltd., MTU Aero Engines AG, CFM International, LiebherrAerospace, Pratt Whitney Canada Corp., Woodward, Inc. |
Segments Covered |
Propulsion Type, Power Rating, End Use, Sensor Type, Regional |
Key Market Opportunities |
Increased adoption of aeroderivative engines Growing demand for auxiliary power units Expansion of the commercial aviation industry Advances in sensor technology Rising demand from emerging markets |
Key Market Dynamics |
Rising demand for fuel efficient aircraft The growing popularity of regional jets Technological advancements in sensor technology Increasing use of drones and urban air mobility Government regulations on emissions and safety |
Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Aeroderivative Sensor Market is expected to reach a valuation of 318 Million USD in 2023.
The Aeroderivative Sensor Market is projected to grow at a CAGR of 8.3 % from 2024 to 2032.
North America is expected to hold the largest market share in the Aeroderivative Sensor Market, owing to the presence of major aerospace and defense companies in the region.
Aeroderivative sensors are primarily used in aircraft engines, auxiliary power units, and industrial gas turbines to monitor and control various parameters such as pressure, temperature, vibration, and speed.
Major competitors in the Aeroderivative Sensor Market include Honeywell International Inc., General Electric Company, United Technologies Corporation, Safran S.A., and Smiths Group plc.
The Aeroderivative Sensor Market is expected to reach a valuation of 632 Million USD by 2032.
The growth of the Aeroderivative Sensor Market is driven by increasing demand for fuel-efficient and reliable aircraft engines, rising investments in aerospace and defense sectors, and advancements in sensor technologies.
Challenges faced by the Aeroderivative Sensor Market include stringent regulatory requirements, intense competition, and technological obsolescence.
Opportunities for growth in the Aeroderivative Sensor Market lie in the development of advanced sensors with improved accuracy, reliability, and durability, as well as the expansion of applications in emerging industries such as renewable energy and automotive.
Key trends in the Aeroderivative Sensor Market include miniaturization of sensors, integration of wireless technologies, and the adoption of artificial intelligence and machine learning for data analysis.