Aircraft Altimeter and Pitot Tube Global Market Report 2023: Healthy Growth in Commercial Airline Revenues to Catalyze Opportunities Across the Aircraft Supply Chain
Robust Growth in Passenger & Cargo Traffic Bodes Well for Retrofits, Refurbishments and Sales of Aircraft Altimeter and Pitot Tube: Global Passenger & Cargo Traffic (In Trillions of Available Seat Kilometers & Revenue Passenger Kilometers and Millions of Available Tonne Kilometers & Freight Tonne Kilometers) for the Years 2016 through 2020
DUBLIN, May 4, 2023 /PRNewswire/ -- The "Aircraft Altimeter and Pitot Tube - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Aircraft Altimeter and Pitot Tube Market to Reach $471.3 Million by 2030
In the changed post COVID-19 business landscape, the global market for Aircraft Altimeter and Pitot Tube estimated at US$354.7 Million in the year 2022, is projected to reach a revised size of US$471.3 Million by 2030, growing at a CAGR of 3.6% over the analysis period 2022-2030. Narrow-Body Aircraft, one of the segments analyzed in the report, is projected to record a 4% CAGR and reach US$235.4 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Wide-Body Aircraft segment is readjusted to a revised 3.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $96.6 Million, While China is Forecast to Grow at 6.2% CAGR
The Aircraft Altimeter and Pitot Tube market in the U.S. is estimated at US$96.6 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$96 Million by the year 2030 trailing a CAGR of 6.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$61.8 Million by the year 2030.
Select Competitors (Total 47 Featured) -
- Honeywell International, Inc.
- Rockwell Collins, Inc.
- Thales Group
- TransDigm Group, Inc.
- United Technologies Corporation (UTC)
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Aircraft Altimeter and Pitot Tube - Global Key Competitors Percentage Market Share in 2022 (E)
- Aircraft Altimeter and Pitot Tube Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Impact of Covid-19 and a Looming Global Recession
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Product Overview
- Air Speed Indicators & Pitot Tube
- Altimeters & Types of Altimeters
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Robust Outlook for Commercial Aviation Provides the Cornerstone for Growth in the Aircraft Altimeter and Pitot Tube Market
- Healthy Growth in Commercial Airline Revenues to Catalyze Opportunities Across the Aircraft Supply Chain
- Robust Growth in Passenger & Cargo Traffic Bodes Well for Retrofits, Refurbishments and Sales of Aircraft Altimeter and Pitot Tube: Global Passenger & Cargo Traffic (In Trillions of Available Seat Kilometers & Revenue Passenger Kilometers and Millions of Available Tonne Kilometers & Freight Tonne Kilometers) for the Years 2016 through 2020
- Importance of Air Data Systems: An Introductory Prelude
- As the Principle Industry, Robust Growth Forecasts for Air Data Systems (ADS) to Echo Downstream into the Aircraft Altimeter & Pitot Tubes Market: Global Air Data Systems Market (In US$ Million) for the Years 2017, 2019 and 2022
- Growing Focus on Safety & the Ensuing Emphasis Laid on Monitoring Aircraft Performance & Monitoring Data to Spur Growth of Aircraft Altimeter and Pitot Tube
- Ever-present Threat of Accidents in Aviation & the Undeniable Importance of Atmospheric Conditions in Safe Flying Drives the Importance of Altimeter and Pitot Tube as Key Flight Instruments: Global Number of Accidents Per Million Departures 2014 through 2018
- Digitalization, a Major Technology Trend Sweeping Through the Market
- Implementation of Reduced Vertical Separation Minimum (RVSM) Highlights the Need for Accurate Altitude Measurement
- Integration of De-icing Technology in Pitot Tube, a Key Technology Trend Fueling Growth
- Growing Base of Aircraft Fleet & the Ensuing MRO of Safety Equipment to Spur Frequency of Replacements & Upgrades
- Expanding Global Fleet Size to Benefit Opportunities for Replacements & Upgrades of Safety Equipment in the MRO Market: Global Aircraft Fleet Size (In Units) by Geographic Region for the Years 2017, 2019, 2024, 2029 and 2037
- A Robust MRO Industry is a Major Win for Aircraft Altimeters & Pitot Tubes in the Aftermarket: Global MRO Industry (In US$ Billion) for the Years 2019, 2024 and 2029
- Proliferation of Drones to Drive Demand for Air Data Computers & Micro Air Data Systems Including Pitot-Static Tube Optimized for UAVs
- Emerging Alternate Technologies Especially Photonic-Based Systems to Challenge Pitot Probes in the Coming Years
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
A selection of companies mentioned in this report includes
- Honeywell International, Inc.
- Rockwell Collins, Inc.
- Thales Group
- TransDigm Group, Inc.
- United Technologies Corporation (UTC)
For more information about this report visit https://www.researchandmarkets.com/r/r68xdm
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