According to the research report titled ‘Global Altimeter Systems, Pitot Tubes, and Other Sensors Market Size study with COVID-19 impact, by Product (Altimeter Systems, Pitot Tubes and Other Sensors), by End-user (Aerospace and Défense Industry) and Regional Forecasts 2020-2027‘, available with Market Study Report, global altimeter systems, pitot tubes, and other sensors market was valued at USD 181.88 million in 2019 and is expected to witness a CAGR of 3.21% during 2020-2027.
 

Growth in aviation sector is the major factor expected to propel global altimeter systems, pitot tubes, and other sensors industry worldwide during forecast period. It is to be noted that pitot tubes and altimeter systems are used for efficient measurement of height of aircraft above a fixed altitude during landing of commercial and military aircraft.
 

According to Statista, Asia Pacific dominated the global aviation industry with 34.9% share in 2018, trailed by North America, Europe, and Latin America holding 24%, 22.2%, and 7% share, respectively.
 

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For the uninitiated, an altimeter is used to measure the altitude of any object over a fixed level.  Whereas, a pitot tube is a device used to measure fluid flow velocity. Rising demand for high quality avionic instrument is contributing to the growth of altimeter systems, pitot tubes, and other sensors industry globally. However, high installation cost and expensive maintenance of pitot tubes and altimeter is likely to hamper the market outlook.
 

Based on product terrain, the industry is segmented into pitot tubes, altimeter systems, and other. With regards to end-user scope, altimeter systems, pitot tubes, and other sensors market is bifurcated into defense industry and aerospace.
 

From a regional perspective, altimeter systems, pitot tubes, and other sensors market landscape is segmented into Europe, Asia Pacific, North America, Latin America, and rest of the world. As per the report, North America market accumulated significant gains in the recent past, mainly due to surging air traffic in the region.
 

Meanwhile, Asia Pacific industry is anticipated to witness the highest growth rate over 2020-2027, owing to inclination towards high quality avionic instruments.
 

Major players influencing the altimeter systems, pitot tubes, and other sensors industry trends include Rockwell Collins (UTC Aerospace Systems), Hindustan Aeronautics Limited, AeroControlex Group Inc., Thales Group, Revue Thommen AG, Garmin International Inc., FreeFlight Systems Inc., Honeywell Aerospace Inc., and Aerosonic Corporation.