Altimeter Market Size Incredible Possibilities And Growth Analysis

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Altimeter
Altimeter


An altimeter is critical equipment for determining altitude, it is found in all types of aircraft. Globally, the commercial airline market is thriving. Traveling anywhere in the world has gotten easier and less time-consuming as a result of the aviation sector. As a result, the number of flying passengers has increased significantly. According to the International Civil Aviation Organization (ICAO), the total number of air passengers increased to 3.8 billion in 2016, a 6.8 percent increase over 2015, propelling demand for the introduction of more aircraft to expand the network for air travel, which in turn propels the demand for Altimeter. As a result, an increase in the number of aircraft is propelling the Altimeter Market forward.

Increased government investment in combat aircraft is propelling the sector forward. Increased government expenditure in fighter aircraft by various countries plays a significant influence in Altimeter Market Expansion. For example, the Canadian government declared in 2017 that it will purchase 88 modern fighter aircraft for Canadian safety and security. Furthermore, the Indian Air Force declared in April 2018 that it would acquire a fleet of 110 fighter jets. Altimeters are used extensively in Air Force aircraft and Navy jets for pilot monitoring. Radar altimeters are commonly employed in military aircraft to fly low over land and sea to avoid radar detection and targeting by anti-aircraft guns or surface-to-air missiles. Terrain-following radar, which allows fighter bombers to fly at extremely low altitudes, is a related application of radar Altimeter technology.

Regional Insights into the Altimeter Market

The Altimeter Market is divided into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Over the projected period, Asia Pacific is expected to be the fastest expanding region in the altimeters market. India, China, and Japan are among the leading countries driving growth in the Asia Pacific industry. According to an April 2018 news release from the International Air Transport Association (IATA), Asia Pacific had the greatest market share of 33.7 percent of total air passenger traffic worldwide in February 2018.

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