Market Research Report
Global Altimeter Systems, Pitot Tubes, and Other Sensors Market Size study with COVID-19 impact, by Product (Altimeter Systems, Pitot Tubes and Other Sensors), by End-user (Aerospace and Defense Industry) and Regional Forecasts 2020-2027
|Published by||Bizwit Research & Consulting LLP||Product code||956286|
Delivery time: 2-3 business days
|Global Altimeter Systems, Pitot Tubes, and Other Sensors Market Size study with COVID-19 impact, by Product (Altimeter Systems, Pitot Tubes and Other Sensors), by End-user (Aerospace and Defense Industry) and Regional Forecasts 2020-2027|
|Published: August 28, 2020||Content info:||
Global Altimeter Systems, Pitot Tubes, and Other Sensors Market is valued approximately USD 181.88 Million in 2019 and is anticipated to grow with a healthy growth rate of more than 3.21% over the forecast period 2020-2027. An altimeter or an altitude meter is an instrument used to measure the altitude of an object above a fixed level. A pitot tube, also known as pitot probe, is a flow measurement device used to measure fluid flow velocity. The pitot and altimeter are gaining significant demand from aviation industries, as it enables the efficient measurement of height of an aircraft above a fixed level during landing of commercial and military aircraft. Hence, rapid growth in aviation industry across the globe is escalating the demand altimeter, pitot tubes and other sensors for measurement of height of aircraft over the forecast years. According to the Statista, in 2018, the Aviation market is the largest in Asia pacific region which covers over 34.9% of the global share, followed by North America, Europe and Latin America that accounts for over 24%, 22.2% and 7% of the total share in the globe aviation market. In addition, growing need for high quality avionic instrument is driving the growth of market. However, high cost of installation and maintenance of altimeter and pitot tubes is hampering the market growth.
The regional analysis of global Altimeter Systems, Pitot Tubes, and Other Sensors Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the increase in rate of air traffic. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as growing need for high quality avionic instrument would create lucrative growth prospects for the Altimeter Systems, Pitot Tubes, and Other Sensors Market across Asia-Pacific region.
Major market player included in this report are:
Garmin International Inc.
Honeywell Aerospace Inc.
Aerocontrolex Group Inc.
UTC Aerospace Systems
Revue Thommen Ag
Free Flight Systems Inc.
Hindustan Aeronautics Limited
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2017, 2018
Base year - 2019
Forecast period - 2020 to 2027
Target Audience of the Global Altimeter Systems, Pitot Tubes, and Other Sensors Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers