Global Altimeter Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global altimeter market in its upcoming report titled, “Global Altimeter Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global altimeter market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global altimeter market report has been segmented on the basis of display, application, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Altimeter also known as altitude meter, is an instrument used for measuring altitude of an object above certain level. Barometric altimeter and radio altimeter are two main types of altimeter. Barometric altimeter also called as pressure altimeter is used in skiing, hiking, trekking, and other recreational activities. It is also used in various types of aircrafts and its smaller version is used by skydivers. There are various types of altimeter displays available in the market such as drum- pointer altimeter, three-pointer altimeter, counter-pointer altimeter, analog display, and electronic display.

Increasing demand of altimeters, owing to growing number of commercial aircrafts is a major factor driving growth of the global altimeter market. Increasing preference for air travel among individuals is resulting into growing commercial avionics sector. Growing commercial aviation sector in developing countries is also anticipated to propel growth of the target market. Altimeters are compact in size with high efficiency and reliability. It is a high precision instrument at affordable price which is also a factor fueling growth of the global market. Growing military budget, couple with increasing investments in defense, as well as commercial sector are also factor expected to drive growth of the global market in the near future.

However, barometric altimeter requires recalibration at varying temperature. Radar altimeter is expensive and requires licensing. These factors may hamper growth of the global altimeter market.

Currently, market in North America dominates the global market in terms of revenue and is expected to maintain its dominance over the forecast period, owing to presence of key aircraft manufacturers in this region. The market in Europe accounts for second-highest share in the market in terms of revenue, owing to increasing number of adventurous sports and growing investment in avionics industries in the region. Market in Asia Pacific is expected to show a significant growth especially in emerging economies such as China and India. Increasing preference for air travel among consumers and growing commercial aviation sector are key factors expected to drive growth of the target market in Asia Pacific region.

Global Altimeter Market Segmentation:

Segmentation by display:

• Digital Visual Altimeters
• Analog Visual Altimeters
• Auxiliary Visual Altimeters
• Audible Altimeters

Segmentation by end-user:

• Commercial Sector
• Defense Sector
• Adventure Sports

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa