Radar Altimeter Market: Global Industry Analysis and Forecast (2023-2029)

Radar Altimeter Market was valued at US$ 35.72 Bn. in 2022. Global Radar Altimeter Market size is estimated to grow at a CAGR of 4.41%.
Radar Altimeter Market Overview:
A radar altimeter is also called a radio altimeter (RALT), electronic altimeter, reflection altimeter. It is used to measure altitude above the terrain and beneath an aircraft or spacecraft. A radio altimeter is an airborne electronic device, which is capable of measuring the height of the aircraft. It is suitable device to measure the absolute altitude of the spacecraft or aircraft above the terrain, which is completed by transmitting, receiving and processing a radio into analog voltage proportional to the height.To know about the Research Methodology :- Request Free Sample Report

Previously, radio altimeters have determined altitude by measuring the time between transmission of a radio signal between the aircraft and the reflected signal. Currently, Modern systems are transforming the way of measurement way. An introduction of innovative measurement system of phase between the transmitted and reflected signal are expected to drive the market growth.
Radar Altimeter Market Dynamics:
The usages of radio altimeter are an integral part for both the function of ground proximity warning systems and operation of aircraft, where it is used to determine the position of the aircraft in relation to the applicable decision height. The growth of the radar altimeters market is primarily driven by its growing adoption in civil and military aviation applications. Increasing adoption of radar altimeters by remote sensing scientists for in various geomorphologic studies, rising use of safety and security measures in aerospace and defence industry, high spending on defence industry by various governments across the region and rising demand for military and commercial aircrafts are expected to improve growth of the market during the forecast period.

Radar altimeter provides some benefits such as indication of accurate height and high reliability which are ultimately propelling the growth of the market. An increase in the air passenger traffics are growing rapidly because of the consumer spending, which is fueled by modern lifestyle and travel time saving. demand for commercial aircrafts, adoption of radar altimeter by adventure sports, mountaineers and sky divers are expected to boost the market growth in the near future. On the other hand, possibility of technical failure in radar altimeters because of the harsh weather condition like rain and snow and high cost of the radar altimeter are limiting the growth of the radar altimeter market.

An Increase in Focus on The Modernization of Military Space Missions: drive the demand for Radar Altimeter

An increase in focus on the modernization of military space missions and the resiliency of space capabilities is expected to drive the market growth. New government appreciation for threats, which are posed by anti-satellite (ASAT) weapons has caused a sharp increase in concern. The United States and other countries are increasing investments in research, technology, and commercial services and shifting organizational strategies to improve the resiliency of their military space capabilities and capacities. The US government has taken initiative for innovation and modernization, which is resulting in a new acquisition authority. High investments and organizational changes are expected to continue and the deployment of new military space concepts have to be increased in the market.
Radar Altimeter Market Segment Analysis:
By application, the global radar altimeter market is segmented into civil aviation applications and military aviation applications. The Civil aviation application segment held the dominant position in 2022. A growing adoption of radar altimeters in commercial aircrafts for landing purpose particularly for automatic landings and in low-visibility conditions to allow the autopilot to begin the flare maneuver are some of the prominent factors, which are increasing demand for radar altimeter. In commercial aircrafts, radar altimeters give the altitude readings up to 760 m above the ground level.

Also, rising adoption of radar altimeters to give warning to pilot if the aircraft is descending too quickly or flying too low is expected to boost the growth of the market. However, military aviation application is expected to contribute more than 45% share in the market during the forecast period. An increasing adoption of radar altimeters in military aircrafts to take off moderately low over the sea and the land to avoid radar detection is attributed to the growth of the market. In addition, rising use of radar altimeters in military aircrafts during war to find the exact location of enemy’s aircraft and in naval operation to find the suspicious submarine or ship is impelling the growth of radar altimeter market.
Regional Insights:
Asia Pacific region is projected to be leading region in the global market by 2029

The economies such as China, Japan, India, Vietnam and South Korea are major contributor countries in the Asia Pacific regional market. High expenditure by government in civil aviation and military aviation industry across the developing economies are expected to boost the market growth. China is the world leader in the civil aviation market. China followed by the US, India, Indonesia, and Vietnam are the top five countries in the world in civil aviation market. Growing production of commercial and military aircrafts are increasing need for radar altimeters. The rise in air transportation activities, adoption of various navigation systems in the aircrafts and allocation of financial budget in defense industry are some of the prominent factors behind the Asia Pacific market growth.

The European commercial aerospace sector has been growing rapidly on the back of higher aircraft deliveries. An increase in demand for commercial and military aircraft along with a substantial defense spending has contributed to the growth of the aerospace and defense industry in Europe and radar altimeter market growth. Europe is actively engaged in conducting extensive R&D of emerging technologies for deployment in the aerospace sector, which is expected to drive the Europe market growth. Also, Europe has been facing growing pressure from the US government on NATO countries, which is forcing to increase the military expenditure for European defense sector. Key players are investing significantly towards R&D of sophisticated product offerings to gain long-term contracts and enhance the market share.

The objective of the report is to present a comprehensive analysis of the global Radar Altimeter Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Radar Altimeter Market dynamic, structure by analyzing the market segments and projecting the Radar Altimeter Market size. Clear representation of competitive analysis of key players by Application, price, financial position, product portfolio, growth strategies, and regional presence in the Radar Altimeter Market make the report investor’s guide.
Radar Altimeter Market Scope: Inquire before buying



Radar Altimeter Market


Base Year
2022
Forecast Period
2023-2029


Historical Data
CAGR
Market Size in 2022
Market Size in 2029


2018 to 2022
4.41%
US$ 35.72 Bn
US$ 48.33 Bn


Segments Covered


by Type
Synthetic Radar Aperture
Pulse limited
by Signal Type
Ku Band
C band
Others
by Application
Civil Aviation Applications
Military Aviation Applications


Regions Covered


North America
United States
Canada
Mexico
Europe
UK
France
Germany
Italy
Spain
Sweden
Austria
Rest of Europe
Asia Pacific
China
S Korea
Japan
India
Australia
Indonesia
Malaysia
Vietnam
Taiwan
Bangladesh
Pakistan
Rest of APAC
Middle East and Africa
South Africa
GCC
Egypt
Nigeria
Rest of ME&A
South America
Brazil
Argentina
Rest of South America



Key Players are:
1. Honeywell International Inc.
2. Garmin Ltd.
3. Aspen Avionics, Inc.
4. AeroControle
5. Avidyne Corporation
6. David Clark Company
7. Electronics International, Inc.
8. Aerosonic Corporation
9. JP Instruments
10.Collins Aerospace
11.Thales Group
12.Memscap
13.FreeFlight Systems
14.Selex ES Inc
15.Leonardo
16.Meteksan Defence
17.EIT Avionics
18.VIAVI Solutions Inc.

Frequently Asked Questions:

1. Which region has the largest share in Global Radar Altimeter Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Radar Altimeter Market?
Ans: The Global Radar Altimeter Market is growing at a CAGR of 4.41% during forecasting period 2023-2029.

3. What is scope of the Global Radar Altimeter Market report?
Ans: Global Radar Altimeter Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Radar Altimeter Market?
Ans: The important key players in the Global Radar Altimeter Market are – Honeywell International Inc., Garmin Ltd., Aspen Avionics, Inc., AeroControle, Avidyne Corporation, David Clark Company, Electronics International, Inc., Aerosonic Corporation, JP Instruments, Collins Aerospace, Thales Group, Memscap, FreeFlight Systems, Selex ES Inc, Leonardo, Meteksan Defence, EIT Avionics, and VIAVI Solutions Inc.

5. What is the study period of this Market?
Ans: The Global Radar Altimeter Market is studied from 2022 to 2029.