Worldwide demand for altimeters and pitot tubes to grow 12.2 percent over next five years
DALLAS, 23 June 2014. The global market for aircraft altimeter systems and pitot tubes will rise 12.2 percent from an estimated $2.3 billion this year to $2.62 billion in 2019, predict analysts at market researcher Markets and Markets in Dallas. These sensors measure aircraft altitude and speed.
The market research firm details these prediction in the report Altimeter System and Pitot Tube Market for Aerospace and Defense Industry, by Product, by Platform, by Geography, which covers North America, Europe, Asia-Pacific, the Middle-East, Latin America, and the rest of the world.
Altimeters typically measure an aircraft's altitude by measuring air pressure relative to the plane's operating airport. Pitot tubes measure an aircraft's speed by measuring the amount of air that enters a small intake tube mounted to the plane's fuselage, wing, or tail.
The altimeter market consists of radio, laser, pressure, and GPS altimeters. Pitot tubes, meanwhile, are classified into L-shaped, S-shaped, and straight type, based on shapes.
This report analyzes the global altimeter and pitot tube market in the aerospace and defense industry and highlights the market's key drivers, restraints, and challenges, as well as market and technological trends.
It provides a geography-wise analysis of the altimeter and pitot tube market, including application-level segments, as well as a competitive analysis with developments, contracts, programs, and product launches over the next five years.
Highlights include key market players and manufacturers, with their product portfolio, recent developments, strengths, weaknesses, opportunities, and threats, as well as market size for the past five years. The 176-page report includes 70 market data tables and 40 figures.
For more information contact Markets and Markets online at www.marketsandmarkets.com.