Aeroderivative Sensor Market
Global Industry Analysis and Forecast 2023-2030
Market Value (2022)
USD 274.3 Million
Forecasted Value (2030)
USD 521.4 Million
CAGR (2023 – 2030)
Fastest Growing Region (2023 - 2030)
Temperature Sensor, Vibration Sensor, Pressure Sensor, Flame Sensor
Marine, Industrial, Others
The global Aeroderivative Sensor Market was valued at USD 274.3 million in 2022 and is projected to reach USD 521.4 million by 2030, growing at a CAGR of 8.35% from 2023 to 2030.
The growing demand for aeroderivative sensor is increasing owing to the rising need for flight instruments sensors to control and optimize aeronautical navigation. These sensors allow monitoring, controlling, and optimization of gas turbines that ensures efficient and reliable work. They are designed to measure and monitor temperature in aeroderivative systems, such as gas turbines and help ensure optimal performance and prevent overheating. In addition, the need for aeroderivative sensors is being driven by the rising demand for gas turbines. Gas turbines are widely utilized to generate electricity in a variety of industries, and the need for aeroderivative sensors is fueled by the need for efficient and dependable turbine operation. Aeroderivative sensors produce vast amounts of data about engine health, performance, and failure. However, this data might be complex to handle and analyze, requiring adequate information administration and analysis abilities. Concerns concerning cybersecurity vulnerabilities are raised by the gradual digitization and connection of sensor systems. Data security has grown increasingly complicated and costly as a result of the increasing significance of safeguarding sensor data against unwanted access and potential cyberthreats. The need for large initial investments and concerns regarding data management and cyber security restricts market growth.
Analyst’s Review on Aeroderivative Sensor Market
The aeroderivative sensor market is growing rapidly owing to the increased emphasis on energy efficiency in gas turbine design. This growth is also driven by several factors such as increased focus toward cost reduction and rising number of environmental regulations. With continuous advances in gas turbine technology, such as improved combustion systems, materials, and aerodynamics, the market is expected to proliferate. The need for highly efficient turbines that resulted from the expanding number of smart manufacturing facilities is fueling product uptake. The availability of cutting-edge sensing technologies and the beneficial features of turbines to withstand and promote continuous power generation will also increase product usage across the region. These aeroderivative sensors enable monitoring function which provides real-time performance monitoring and optimization of flight-based systems, improving efficiency and reliability. Data collected from these sensors can be used to generate insights and analytics. With this information, users and maintenance teams can make informed decisions about system maintenance, optimization, and troubleshooting.
Aeroderivative sensors refer to sensors designed to measure and monitor parameters related to the operation of these gas turbines. These parameters may include temperature, pressure, vibration, rotational speed and other critical variables. These sensors would likely be used to collect real-time data from these turbines to monitor, control and optimize their performance. The data collected by these sensors can be used to ensure efficient and safe operation, detect anomalies and failures, and perform preventive maintenance to avoid unexpected malfunctions. They contribute to the overall reliability, efficiency, and safety of aircraft gas turbines.
The integration of IIoT technologies into industrial applications is increasing the demand for sensors, including those for the aerospace industry. IIoT enables real-time data collection, analysis, and optimization of industrial processes, including aircraft gas turbines. These aeroderivative sensors play an essential role in monitoring and optimizing gas turbine performance, contributing to reliable and efficient power generation. Aerospace derived gas turbines are used in marine applications, and the demand for sensors that monitor and optimize turbine efficiency is expected to increase in this sector. Continuous advances in sensor technology such as improvements in accuracy, reliability, and cost-effectiveness are driving the growth of the aeroderivative sensor market.
The market is expected to grow rapidly owing to the increased demand for gas turbines. However, to ensure robustness and reliability of a sensor under difficult operating conditions such as high temperature and vibration can be a significant challenge. Integrating sensors into a gas turbine system can be difficult. especially when it comes to the requirement for periodic downtime for maintenance and replacements. Sensor gathering information merely represents a single component of the problem which might be difficult to interpret sensor data and apply it effectively for decision-making, performance optimization, and diagnostics. Developing advanced algorithms and data analysis techniques to understand sensor data and accurately diagnose potential problems is an ongoing challenge in the industry.
The global aeroderivative sensor market is segmented based on type, application, and geography.
Based on type, the market is segmented into temperature sensor, vibration sensor, pressure sensor, and flame sensor. temperature sensors are dominating the segment owing to the growing demand for industrial and marine gas turbines in industry setups.
Based on application, the aeroderivative sensor market is segmented intom marine, industrial, and others. The industrial segment is expected to dominate the industry over the forecast period owing to the growing focus on developing high-quality sensors with improved capabilities in industrial settings. Prominent industry giants are experimenting with autonomous sensors to ensure great reliability and increased usage. Moreover, the inclination toward the installation of multiple sensors with advanced technologies in smart factories is also bolstering the adoption of aeroderivative sensors in end-user industries.
Based on region, the global aeroderivative sensor market is classified into North America, Europe, Asia Pacific, MEA, and Latin America.
North America is the dominating region owing to the rising construction of smart factory building and the consequent need for extremely effective sensors. The advent and rise of high-quality universal aviation gas turbines has contributed to the industry's expansion. The adoption of energy-efficient gadgets has been aided by the rise in environmental initiatives by private businesses and regional municipalities. Aerospace-derived sensors offer a wide range of features, affordability, and an efficient method to find environmentally friendly solutions. Some of the main advantages of implementing these sensors include increased cycle flexibility and efficiency as well as fewer breakdowns downtime, which will influence the industry landscape during the projected period of time.
The Asia Pacific is the fastest growing region owing to the increased use of aeroderivative sensors across several end-user industries, including power generation, oil & gas, and chemical processing. These industries require efficient and reliable electronic devices to monitor and track engine failures, which is fuelling the growth of the regional market. In the Asia Pacific region, the demand for electricity is increasing due to population growth, urbanization, and economic development, and these sensors are used for power generation, especially in remote areas with limited energy sources. The need for sensors that can ensure the security and efficacy of the engines continues to rise as a consequence of the growing number of aero-engine power production engines.
The global aeroderivative sensor market study will provide valuable insights with an emphasis on the fragmented nature of the industry. Prominent players are focusing on several key business strategies, such as partnerships, mergers & acquisitions, product innovations, and joint ventures to expand their product portfolio and increase their market shares across different regions. The major players in the aeroderivative sensor market are:
- Artisan Scientific Corporation
- Auxitrol Weston
- Baker Hughes Company
- Conax Technologies
- Gastops Ltd.
- General Electric
- Rockwell Automation
- Siemens Energy
- AMETEK Power Instruments
- MITSUBISHI HEAVY INDUSTRIES, LTD.
- April 2023 (Contract): GE was awarded a contract by UCED Group that primarily focuses on long-term investments in conservative sectors. GE supplies the LM6000 PC Sprint air derivative gas turbine to expand backup power plant and promote renewable energy in the Czech Republic.
The global Aeroderivative Sensor Market is segmented as:
- Temperature Sensor
- Vibration Sensor
- Pressure Sensor
- Flame Sensor
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- North Africa
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America