Dublin, May 24, 2024 (GLOBE NEWSWIRE) -- The "Altimeter Sensor Market Report: Trends, Forecast and Competitive Analysis to 2030" report has been added to ResearchAndMarkets.com's offering.
The global altimeter sensor market is expected to reach an estimated $1.1 billion by 2030 with a CAGR of 8.7% from 2024 to 2030.
The major drivers for this market are increasing appeal for adventure sports among the youth demographic, swift growth of the aviation sector across various economies, and elevated need for precise and timely navigation services. The future of the global altimeter sensor market looks promising with opportunities in the aerospace & defense, automotive, and consumer goods markets.
The study includes a forecast for the global altimeter sensor by technology, end-use industry, and region.
Altimeter Sensor Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
- Barometric Altimeter
- GPS Altimeter
- Radar Altimeter
Altimeter Sensor Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
- Aerospace & Defense
- Automotive
- Consumer Goods
- Others
Altimeter Sensor Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
Altimeter Sensor Market Insights
- Radar technology expected to witness the highest growth over the forecast period.
- Aerospace & defense expected to witness the highest growth over the forecast period.
- APAC expected to witness highest growth over the forecast period.
List of Altimeter Sensor Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies altimeter sensor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the altimeter sensor companies profiled in this report include:
- Acteon
- Adafruit Industries
- AMSYS
- Honeywell International
- HOPE Microelectronics
- Jolly Logic
- Parallax
- PASCO Scientific
- Sea & Sun Technology
- Shenzhen Hope Microelectronics
Features of the Global Altimeter Sensor Market
- Market Size Estimates: Altimeter sensor market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Altimeter sensor market size by technology, end use industry, and region in terms of value ($B).
- Regional Analysis: Altimeter sensor market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different technologies, end use industries, and regions for the altimeter sensor market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the altimeter sensor market.
- Analysis of competitive intensity of the industry based on Porter's Five Forces model.
For more information about this report visit https://www.researchandmarkets.com/r/ch3x6o
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