Aircraft Altimeters Industry Outlook 2025-2029: Market Set to Cross $1.72 Billion Milestone

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How Large Will the Aircraft Altimeters Market Size By 2025?
The market for aircraft altimeters has seen a strong expansion in the past few years. It is projected to increase from a value of $1.14 billion in 2024 to $1.24 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.8%. This potent growth during the historic period is a result of heightened emphasis on flight safety precautions, an increased number of investments in the realm of space tourism, the expansion of commercial aviation, a rise in the deployment of unmanned aerial vehicles (UAVs), the progression of the general aviation sector, and an intensified focus on flight automation.

How Big Is the Aircraft Altimeters Market Size Expected to Grow by 2029?
In the coming years, the aircraft altimeters market is anticipated to experience a robust growth, expanding to $1.72 billion by 2029 with a compound annual growth rate (CAGR) of 8.4%. This growth throughout the forecast period can be ascribed to varied factors like an increasing need for air travel, expansion in military surveillance and reconnaissance aircraft, incorporation of wireless and Internet of Things (IoT) enabled altimeters, demand for compact and lightweight sensors, and unification with artificial intelligence (AI) and machine learning. Key trends for the forecast period encompass advancements in both avionics and digital altimeter technology, inventions in solid-state altimeters, wireless connectivity, IoT integration, and component miniaturization.

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Which Key Market Drivers Powering Aircraft Altimeters Market Expansion and Growth?
The upward trend in air travel is expected to stimulate the expansion of the aircraft altimeter market in the future. The term "air travel" pertains to the airborne transportation of passengers or goods from one point to another. This surge in air travel can be attributed to the rising global economic development, which enhances individual disposable incomes and paves the way for more people to afford air transport for professional and recreational purposes. The increase in air travel leads to an expanding demand for sophisticated and dependable aircraft altimeters, given the importance of precise altitude identification for safe navigation and adherence to increasingly rigorous aviation rules. For instance, data provided by the Bureau of Transportation Statistics, an American governmental agency, shows that a total of 853 million passengers traveled with U.S. airlines from January through December 2022, up from 658 million the year before. Therefore, the continued rise in air travel will undoubtedly contribute to the development of the aircraft altimeter market.

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Which Fast-Growing Trends Are Poised to Disrupt the Aircraft Altimeters Market?
Leading corporations within the aircraft altimeters market are honing their focus on the creation of state-of-the-art solutions such as radar altimeter systems to provide precise altitude details. These electronic apparatuses are designed to record an aircraft's altitude above the terrain below by sending out radio signals and interpreting the returning echoes. As an illustration, Honeywell International Inc., an American company with expertise in aerospace, building and industrial automation, was awarded a $103 million contract from the U.S. Army in October 2024 for their cutting-edge APN-209 radar altimeter system. This innovative system is set to take the place of the previously utilised APN-209 devices that came into service in 1975, guaranteeing increased reliabilty and superior performance under harsh environmental scenarios. With its availability in flexible integration choices, either as an independent transceiver or combined with an altitude identifier, the APN-209 can cater to diverse aircraft specifications.

What Are the Emerging Segments in the Aircraft Altimeters Market?
The aircraft altimeters market covered in this report is segmented -

1) By Type: Barometric Altimeters, Radar Altimeters, Laser Altimeters, Global Positioning System Altimeter, Analog Type, Digital Type
2) By Aircraft Type: Fixed-Wing Aircraft, Rotary-Wing Aircraft, Unmanned Aerial Vehicles (UAVs)
3) By Application: Civil Aviation, Military Aviation, General Aviation, Commercial Aviation, Business Aviation
4) By End-User: Original Equipment Manufacturer, Aftermarket

Subsegments:
1) By Barometric Altimeters: Aneroid Barometric Altimeters, Servo Barometric Altimeters, Encoding Altimeters, Pressure-Sensitive Altimeters
2) By Radar Altimeters: Pulse Radar Altimeters, Frequency-Modulated Continuous Wave (FMCW) Radar Altimeters, Single-Antenna Radar Altimeters, Dual-Antenna Radar Altimeters
3) By Laser Altimeters: Time-Of-Flight Laser Altimeters, Triangulation-Based Laser Altimeters, Phase-Shift Laser Altimeters, Scanning Laser Altimeters
4) By Global Positioning System (GPS) Altimeters: Standalone Global Positioning System Altimeters, Differential Global Positioning System (DGPS) Altimeters, Wide Area Augmentation System (WAAS)-Enabled Global Positioning System Altimeters, Satellite-Based Augmentation System (SBAS) Altimeters
5) By Analog Type: Mechanical Dial Altimeters, Needle-Pointer Altimeters, Analog Barometric Altimeters
6) By Digital Type: Liquid Crystal Display (LCD) Digital Altimeters, Organic Liquid Crystal Display (OLED) Digital Altimeters, Integrated Digital Altitude Indicators, Multi-Function Display (MFD) Integrated Altimeters

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Who Are the Global Leaders in the Aircraft Altimeters Market?
Major Companies operating in the aircraft altimeters market are Honeywell Aerospace, GE Aerospace, Safran Group, L3Harris Technologies Inc., Garmin Ltd., Mid-Continent Instruments & Avionics Inc., Genesys Aerosystems, Avidyne Corporation, Aspen Avionics Inc., FreeFlight Systems Inc., Dynon Avionics Inc., Sandel Avionics Inc., THOMEN AIRCRAFT EQUIPMENT AG, Raytheon Technologies Corp., Becker Avionics GmbH, uAvionix Corporation, LX navigation d.o.o., Mikrotechna Praha a.s., TruTrak Ltd., Falcon Gauge, Sandia Aerospace, Cobham Aerospace Communications.

Which are the Top Profitable Regional Markets for the Aircraft Altimeters Industry?
North America was the largest region in the aircraft altimeters market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft altimeters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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