Industry Background:
An aircraft altimeter is a barometric device capsule linked to a pointer by a mechanical system. The Pointer inside it moves across the dial in response to changes in pressure. The altimeter provides an output to the transponder system to enable the transmission of the flight level or altitude to the air traffic control. Increasing airways traffic and production of aircraft is boosting the demand for the global aircraft altimeters market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Rockwell Collins (United States), Thales Group (France), Transdigm Group Inc. (Aerosonic) (United States), TTI Inc. (United States), TGH Aviation (United States) and Thommen Aircraft Equipment Ltd. (Switzerland) |
According to AMA, the market for Aircraft Altimeters is expected to register a CAGR of 1.5% during the forecast period to 2030. This growth is primarily driven by Increasing Government Investment In Aircraft Industry and Need for Airways Safety.
Globally, a noticeable market trend is evident Wireless and IoT Connected Altimeters high in Demand Major Players, such as Rockwell Collins (United States), Thales Group (France), Transdigm Group Inc. (Aerosonic) (United States), TTI Inc. (United States), TGH Aviation (United States) and Thommen Aircraft Equipment Ltd. (Switzerland), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market
Key Developments in the Market:
In November 2023, Korean Air sealed its strategic partnership with Supernal, which is backed by South Korean automotive group Hyundai, launching a series of technical projects and workshops aimed at preparing the way to launch air services with the four-passenger SA-1 aircraft. The flag carrier will provide guidance to Supernal on Korean market requirements and support efforts to establish test operations and develop supporting infrastructure.
In July 2023, The Federal Aviation Administration is proposing a solution to the long-running dust-up between the airline and cellular industries over 5G rollouts: stricter requirements for radio altimeters in airplanes, which would potentially go into effect early next yea
Regulatory Insights:
"Standard temperature at sea level is 15 degrees Celsius. The temperature gradient from sea level is minus 2 degrees Celsius (3.6 degrees Fahrenheit) per 1,000 feet. Pilots should apply corrections for static pressure systems and/or instruments if appreciable errors exist", according to Aeronautical Information Publication - AIP and There are regulations regarding the adoption of a standard altimeter setting at the higher altitudes which reduces the station barometer errors and altimeter errors derived from different geographical sources.
Influencing Trend:
Wireless and IoT Connected Altimeters high in Demand
Market Growth Drivers:
Increasing Government Investment In Aircraft Industry and Need for Airways Safety
Restraints:
Unexpected Technological Problems with Altimeter and Regulatory Norms Associated with The Altimeter
Opportunities:
Advancement in Technology used in Aircraft Safety Systems
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Aircraft Altimeters Market
- Analysis about New Entrants in Aircraft Altimeters Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Aircraft Altimeters Study Sheds Light on
The Aircraft Altimeters Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Aircraft Altimeters industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Aircraft Altimeters industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.