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Altimeter Market Size Will Escalate Rapidly in the Near Future

08-02-2018 04:24 PM CET | Industry, Real Estate & Construction

Press release from: CMI - Aerospace and Defense

Altimeter Market

Altimeter Market

An Altimeter is a device used to determine the altitude attained by any object above a fixed level. A barometer or a radar fitted in the aircrafts is an example of altimeter. Altimeters are used by pilots for navigating aircrafts and spacecraft to monitor their height above the earth’s surface. Altimeters are also used by mountaineers and sky divers to pinpoint their location.

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Increasing number of commercial aircrafts is major driving factor for growth of the altimeter market

Altimeter is very important device for determination of altitudes, hence it is primarily used in every type of aircraft. The market for commercial airlines are flourishing globally. Traveling anywhere across the globe has become easier and less time consuming due to aviation industry. Hence, there has been a substantial increase in the number of air passengers. For instance, according to International Civil Aviation Organization (ICAO), the total number of air passengers increased to 3.8 billion in 2016, which was 6.8% higher than 2015, which is propelling demand for introduction of more number of aircrafts in order to expand the network for air travel, which in turn is propelling demand for Altimeter. Therefore, increase in the number of aircrafts is driving growth of the altimeter market.

Increasing government investment in fighter aircrafts is accelerating growth of the market

Increasing investment by government of various countries for fighter aircrafts plays a major role for the growth of the market. For instance, in 2017, the government of Canada announced to purchase 88 advanced fighter aircraft for Canadian safety and security. Furthermore, in April 2018, the Indian Air Force announced acquire a fleet of 110 fighter jets. The use of altimeters is very primary in Air Force air crafts or Navy jets, for pilot monitoring. The typical type of altimeters used in military aircrafts are the radar altimeters to fly quite low over the land and the sea to avoid radar detection and targeting by anti-aircraft guns or surface-to-air missiles. A related use of radar Altimeter technology is terrain-following radar, which allows fighter bombers to fly at very low Altitudes.

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Altimeter Market: Competitive Insight

Key players operating in altimeter market include Garmin International Inc., Aerocontrolex Group Inc., Honeywell Aerospace, UTC Aerospace Systems, Thales Group, Rockwell Collins, Transdigm Group, and United Technologies.

Altimeter Market: Taxonomy

By Display

Analog Visual Altimeters
Digital Visual Altimeters
Audible Altimeters
Auxiliary Visual Altimeters

By Application

Commercial Aircraft
Defence Sector
Adventure Sports

By Region

North America
Europe
Asia Pacific
Latin America
The Middle East
Africa

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About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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