Altimeter Systems, Pitot Tube, and Other Sensors Market 2031
Altimeter Systems, Pitot Tube, and Other Sensors Market 2031
Segments - Altimeter Systems, Pitot Tubes, and Other Sensors Market by Aircraft Type (Wide-body Aircraft, Narrow-body Aircraft, and Regional Aircraft), Application (Automotive, Chemical, Construction, and Aviation & Aerospace), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :AD-5786
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| 168 Pages
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Report Description
Altimeter Systems, Pitot Tubes, and Other Sensors Market Outlook 2031
The global altimeter systems, pitot tubes, and other sensors market size was USD 191.5 Billion in 2022 and is likely to reach USD 318 Billion by 2031, expanding at a CAGR of 5.8% during 2023–2031. The market growth is attributed to the growing advancements in sensor technology and the increasing use of drones and unmanned aerial vehicles (UAVs).
Growing aerospace and defense industry is anticipated to boost the growth of the altimeter systems, pitot tubes, and other sensors market. The increasing need for precision and safety in aviation leads to the growing adoption of altimeters and pitot tube instruments for ensuring proper altitude and airspeed, which are vital for flight safety.
The altimeter systems, pitot tubes, and other sensors encompass the manufacturing and distribution of instruments that are crucial in aviation for evaluating altitude, airspeed, and other vital flight data. Altimeter systems rely on barometric pressure to measure the aircraft's elevation relative to sea level, while pitot tubes utilize air pressure fluctuations around the aircraft to determine airspeed.
Additionally, auxiliary sensors such as gyroscopes, accelerometers, and magnetic sensors provide supplemental data, which are crucial for navigation and flight control information.
The market report finds that the COVID-19 pandemic hampered the altimeter systems, pitot tubes, and other sensors market, due to a sharp decline in air travel. Lockdowns, travel restrictions, and public health concerns led to a substantial decrease in both domestic and international flights. This significantly reduced the demand for new aircraft and the instruments and sensors used in aviation.
Altimeter Systems, Pitot Tubes, and Other Sensors Market Dynamics
Major Drivers
Growing demand for military and defense applications drives the market. The growing demand for military and defense applications leads to an increasing need for high-performance sensors that operate effectively in harsh environments and deliver accurate measurements across various settings. Pitot tubes are important in aircraft to accurately measure airspeed.
Furthermore, these tubes are crucial for safe takeoffs, landings, and directions during flight. These sensors are extensively used in military aircraft in navigation and targeting systems, which enables precise control and targeting capabilities.
Existing Restraints
High costs associated with designing and manufacturing modern sensors & avionics systems hampers the market. Developing advanced sensor technologies requires extensive research and development efforts. This involves significant financial investments in specialized equipment, materials, and skilled personnel, which hinder the market.
Emerging Opportunities
Growing technological advancements create lucrative opportunities in the market. Advances in sensor technology led to high precision, accuracy, and reliability in measurements. This enhances the overall performance and functionality of altimeter systems, pitot tubes, and other sensors. These sensors can be connected to the Internet of Things (IoT) networks, which enables real-time data transmission and remote monitoring.
Scope of Altimeter Systems, Pitot Tubes, and Other Sensors Market Report
The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Altimeter Systems, Pitot Tubes, and Other Sensors Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Aircraft Type (Wide-body Aircraft, Narrow-body Aircraft, and Regional Aircraft) and Application (Automotive, Chemical, Construction, and Aviation & Aerospace) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
AMETEK.Inc.; Cobham Limited; GENERAL ELECTRIC; Honeywell International Inc.; Meggitt PLC.; Collins Aerospace; Safran Electronics & Defense; TE Connectivity; and Thales. |
Altimeter Systems, Pitot Tubes, and Other Sensors Market Segment Insights
Aircraft Type Segment Analysis
Based on aircraft type, the altimeter systems, pitot tubes, and other sensors market is divided into wide-body aircraft, narrow-body aircraft, and regional aircraft. The regional aircraft segment is expected to hold a large share of the market during the projection period, due to the growing regional air travel.
Regional aircraft are essential for connecting small airports and serving routes with low passenger volumes. The increasing demand for air travel from regional destinations leads to the expansion of regional airline services. This, in turn, drives the demand for altimeter systems, pitot tubes, and sensors to enhance the safety and performance of these aircraft.
Application Segment Analysis
On the basis of application, the global market is segregated into automotive, chemical, construction, and aviation & aerospace. The aviation & aerospace segment is projected to register a considerable CAGR during the forecast period, owing to the growing safety requirements and rising demand for aircraft.
Safety is paramount in the aviation and aerospace industry. Accurate altitude measurements provided by altimeter systems and airspeed data obtained through pitot tubes are critical for safe takeoffs, landings, and in-flight operations. This necessity drives the demand for high-quality and reliable sensors, which further boosts the market.
The automotive segment is expected to expand at a significant growth rate in the coming years, due to the growing advanced driver assistance systems and rising autonomous and electric vehicles. The automotive industry includes advanced driver assistance systems (ADAS) technologies, which rely heavily on sensors for functions, such as adaptive cruise control, lane departure warning, and collision avoidance.
Altimeter systems, pitot tubes, and other sensors play vital roles in enabling these features. Additionally, the rising autonomous and electric vehicles surged the demand for sensors, which further boosts the market.
Regional Outlook
In terms of region, the global altimeter systems, pitot tubes, and other sensors market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period, due to the advanced technological infrastructure and a strong presence of the aerospace & defense sector.
North America has a robust technological infrastructure, including a well-established aerospace and defense industry. This facilitates the development, production, and integration of high-performance sensors. The region is home to some of the world's major aerospace and defense companies, including Boeing, Lockheed Martin, Raytheon Technologies, and Northrop Grumman. This, in turn, drives the demand for advanced sensors in military aircraft, drones, and other defense applications.
The market in Europe is projected to grow rapidly during the forecast period, owing to the established aerospace industry and innovation in aviation & aerospace. Europe has a well-established aerospace industry and has the presence of major companies, such as Airbus, BAE Systems, and Thales Group.
This robust industry demands advanced sensor technologies for various aviation and defense applications. Europe is a global frontrunner in aviation and aerospace research and development. The region invests heavily in technological advancements, including sensor technologies, which drive innovation in the market.
Segments
The altimeter systems, pitot tubes, and other sensors market has been segmented on the basis of
Aircraft Type
- Wide-Body Aircraft
- Narrow-Body Aircraft
- Regional Aircraft
Application
- Automotive
- Chemical
- Construction
- Aviation & Aerospace
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- AMETEK.Inc.
- Cobham Limited
- GENERAL ELECTRIC
- Honeywell International Inc.
- Meggitt PLC.
- Collins Aerospace
- Safran Electronics & Defense
- TE Connectivity
- Thales
Competitive Landscape
Key players competing in the global altimeter systems, pitot tubes, and other sensors market are AMETEK.Inc.; Cobham Limited; GENERAL ELECTRIC; Honeywell International Inc.; Meggitt PLC.; Collins Aerospace; Safran Electronics & Defense; TE Connectivity; and Thales.
These prominent companies adopted development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to expand their consumer base worldwide. For instance,
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In October 2021, Meggitt PLC, a major international company that specializes in high performance components for aerospace and defense, signed a multimillion Euro SMARTSupport contract with FL Technics for 3 years, to supply MRO (Maintenance Repair and Overhaul) services for sensors, valves, and actuators.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Altimeter Systems, Pitot Tubes, and Other Sensors Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Altimeter Systems, Pitot Tubes, and Other Sensors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Altimeter Systems, Pitot Tubes, and Other Sensors Market - Supply Chain
4.5. Global Altimeter Systems, Pitot Tubes, and Other Sensors Market Forecast
4.5.1. Altimeter Systems, Pitot Tubes, and Other Sensors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Altimeter Systems, Pitot Tubes, and Other Sensors Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Altimeter Systems, Pitot Tubes, and Other Sensors Market Absolute $ Opportunity
5. Global Altimeter Systems, Pitot Tubes, and Other Sensors Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Altimeter Systems, Pitot Tubes, and Other Sensors Market Size and Volume Forecast by Applications
5.3.1. Automotive
5.3.2. Chemical
5.3.3. Construction
5.3.4. Aviation & Aerospace
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Altimeter Systems, Pitot Tubes, and Other Sensors Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Altimeter Systems, Pitot Tubes, and Other Sensors Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Altimeter Systems, Pitot Tubes, and Other Sensors Demand Share Forecast, 2019-2026
7. North America Altimeter Systems, Pitot Tubes, and Other Sensors Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Altimeter Systems, Pitot Tubes, and Other Sensors Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Altimeter Systems, Pitot Tubes, and Other Sensors Market Size and Volume Forecast by Applications
7.4.1. Automotive
7.4.2. Chemical
7.4.3. Construction
7.4.4. Aviation & Aerospace
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Altimeter Systems, Pitot Tubes, and Other Sensors Demand Share Forecast, 2019-2026
8. Latin America Altimeter Systems, Pitot Tubes, and Other Sensors Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Altimeter Systems, Pitot Tubes, and Other Sensors Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Altimeter Systems, Pitot Tubes, and Other Sensors Market Size and Volume Forecast by Applications
8.4.1. Automotive
8.4.2. Chemical
8.4.3. Construction
8.4.4. Aviation & Aerospace
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Altimeter Systems, Pitot Tubes, and Other Sensors Demand Share Forecast, 2019-2026
9. Europe Altimeter Systems, Pitot Tubes, and Other Sensors Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Altimeter Systems, Pitot Tubes, and Other Sensors Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Altimeter Systems, Pitot Tubes, and Other Sensors Market Size and Volume Forecast by Applications
9.4.1. Automotive
9.4.2. Chemical
9.4.3. Construction
9.4.4. Aviation & Aerospace
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Altimeter Systems, Pitot Tubes, and Other Sensors Demand Share Forecast, 2019-2026
10. Asia Pacific Altimeter Systems, Pitot Tubes, and Other Sensors Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Altimeter Systems, Pitot Tubes, and Other Sensors Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Altimeter Systems, Pitot Tubes, and Other Sensors Market Size and Volume Forecast by Applications
10.4.1. Automotive
10.4.2. Chemical
10.4.3. Construction
10.4.4. Aviation & Aerospace
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Altimeter Systems, Pitot Tubes, and Other Sensors Demand Share Forecast, 2019-2026
11. Middle East & Africa Altimeter Systems, Pitot Tubes, and Other Sensors Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Altimeter Systems, Pitot Tubes, and Other Sensors Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Altimeter Systems, Pitot Tubes, and Other Sensors Market Size and Volume Forecast by Applications
11.4.1. Automotive
11.4.2. Chemical
11.4.3. Construction
11.4.4. Aviation & Aerospace
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Altimeter Systems, Pitot Tubes, and Other Sensors Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Altimeter Systems, Pitot Tubes, and Other Sensors Market: Market Share Analysis
12.2. Altimeter Systems, Pitot Tubes, and Other Sensors Distributors and Customers
12.3. Altimeter Systems, Pitot Tubes, and Other Sensors Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. AMETEK.Inc.
12.4.2. Cobham Limited
12.4.3. GENERAL ELECTRIC
12.4.4. Honeywell International Inc.
12.4.5. Meggitt PLC.
12.4.6. Collins Aerospace
12.4.7. Safran Electronics & Defense
12.4.8. TE Connectivity
12.4.9. Thales
Methodology
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