Market Overview:
The Global GPS Altimeter Market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for wrist-worn altimeters and hands-free altimeters due to their accuracy and precision in measuring altitude. Additionally, the growing popularity of outdoor sports is also propelling the growth of the global GPS altimeter market. North America dominates the global GPS altimeter market, followed by Europe, Asia Pacific, Latin America, and Middle East & Africa respectively.
Product Definition:
A GPS altimeter is a device that uses the Global Positioning System to calculate the altitude of an object. It is commonly used in aircraft, but can also be found in other vehicles or devices. The importance of a GPS altimeter lies in its ability to provide accurate elevation data, which can be used for many purposes, such as navigating through difficult terrain or determining the height of buildings or mountains.
Wrist-Worn Altimeter:
Wrist-worn altimeters are portable instruments that measure the altitude of the Earth's surface with great accuracy. They are used for measuring the height of geographical features such as peaks, summits and other high points on earth's surface. Altitude is one of the most important parameters in GPS (Global Positioning System) which uses this device to determine its position on earth with respect to an accurate reference point.
Hands-Free Altimeter:
Hands-free is an expression used in the field of telecommunication to mean a procedure carried out without directly using any human hands. In GPS (Global Positioning System) altimeter market, hands-free refers to the use of electronic devices that are connected by wireless means to a positioning engine so that they can send and receive signals without being attached or integrated with any other device.
Application Insights:
The other application segment includes air traffic control, aviation, and automotive. In 2017, the outdoor sports segment dominated the global market with a share of over 40% in terms of revenue. The high penetration is attributed to growing awareness about health benefits among individuals to undertake physical activities on a regular basis. Furthermore, governments are taking initiatives for promoting healthy lifestyle such as hiking and camping by organizing events and providing free equipment including GPS devices to participants.
The exploration segment is expected register significant growth over the forecast period owing to increasing investments in advanced technologies such as Global Positioning Systems (GPS). For instance; On April 26th 2018; Airbus Helicopters announced an agreement with Elbit Systems Ltd.; under which Elbit will provide Airbus Helicopters with eight additional helicopters along with options for another 28 aircraft through 2025.
Regional Analysis:
North America dominated the global GPS altimeter market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period as well owing to high demand for advanced navigation devices and growing popularity of outdoor sports activities. Europe accounted for a significant share in the global market, which can be attributed to increasing adoption of hiking and mountain climbing trails across countries such as Switzerland, France, Italy, and others. Asia Pacific is anticipated to witness lucrative growth over the forecast period due to rising number of adventure seeking tourists from China and India on account of low airfares compared with other regions along with improved weather conditions during peak tourist seasons. Moreover, increased spending on exploration activities by governments across countries such as Australia are expected favorably impact overall regional growth trends positively over next few years.
Growth Factors:
- Increasing demand for GPS altimeters in the aviation industry as a result of the growing number of aircrafts and rising passenger traffic
- Proliferation of unmanned aerial vehicles (UAVs) or drones, which require GPS altimeters for navigation and control
- Growing popularity of outdoor activities such as hiking, mountain biking, and rock climbing that necessitates use of portable GPS altimeters
- Increased adoption of GPS-enabled smartphones that can provide altitude readings as an added feature
- Development of more accurate and affordable GPS altimeter sensors
Scope Of The Report
Report Attributes
Report Details
Report Title
GPS Altimeter Market Research Report
By Type
Wrist-Worn Altimeter, Hands-Free Altimeter
By Application
Exploration, Outdoor Sports, Other
By Companies
Aerosonic, Garmin, Honeywell Aerospace, Rockwell Collins, Thales, Aerocontrolex, UTC Aerospace Systems, Thommen, Free Flight Systems, Hindustan Aeronautics, Aerosonic, Memscap, Kollsman, Dynon Avionics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
175
Number of Tables & Figures
123
Customization Available
Yes, the report can be customized as per your need.
Global GPS Altimeter Market Report Segments:
The global GPS Altimeter market is segmented on the basis of:
Types
Wrist-Worn Altimeter, Hands-Free Altimeter
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Exploration, Outdoor Sports, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Aerosonic
- Garmin
- Honeywell Aerospace
- Rockwell Collins
- Thales
- Aerocontrolex
- UTC Aerospace Systems
- Thommen
- Free Flight Systems
- Hindustan Aeronautics
- Aerosonic
- Memscap
- Kollsman
- Dynon Avionics
Highlights of The GPS Altimeter Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wrist-Worn Altimeter
- Hands-Free Altimeter
- By Application:
- Exploration
- Outdoor Sports
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the GPS Altimeter Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A GPS Altimeter is a device that measures the height of an object above sea level.
Some of the key players operating in the gps altimeter market are Aerosonic, Garmin, Honeywell Aerospace, Rockwell Collins, Thales, Aerocontrolex, UTC Aerospace Systems, Thommen, Free Flight Systems, Hindustan Aeronautics, Aerosonic, Memscap, Kollsman, Dynon Avionics.
The gps altimeter market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 GPS Altimeter Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 GPS Altimeter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 GPS Altimeter Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the GPS Altimeter Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global GPS Altimeter Market Size & Forecast, 2018-2028
4.5.1 GPS Altimeter Market Size and Y-o-Y Growth
4.5.2 GPS Altimeter Market Absolute $ Opportunity
Chapter 5 Global GPS Altimeter Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 GPS Altimeter Market Size Forecast by Type
5.2.1 Wrist-Worn Altimeter
5.2.2 Hands-Free Altimeter
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global GPS Altimeter Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 GPS Altimeter Market Size Forecast by Applications
6.2.1 Exploration
6.2.2 Outdoor Sports
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global GPS Altimeter Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 GPS Altimeter Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America GPS Altimeter Analysis and Forecast
9.1 Introduction
9.2 North America GPS Altimeter Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America GPS Altimeter Market Size Forecast by Type
9.6.1 Wrist-Worn Altimeter
9.6.2 Hands-Free Altimeter
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America GPS Altimeter Market Size Forecast by Applications
9.10.1 Exploration
9.10.2 Outdoor Sports
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe GPS Altimeter Analysis and Forecast
10.1 Introduction
10.2 Europe GPS Altimeter Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe GPS Altimeter Market Size Forecast by Type
10.6.1 Wrist-Worn Altimeter
10.6.2 Hands-Free Altimeter
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe GPS Altimeter Market Size Forecast by Applications
10.10.1 Exploration
10.10.2 Outdoor Sports
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific GPS Altimeter Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific GPS Altimeter Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific GPS Altimeter Market Size Forecast by Type
11.6.1 Wrist-Worn Altimeter
11.6.2 Hands-Free Altimeter
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific GPS Altimeter Market Size Forecast by Applications
11.10.1 Exploration
11.10.2 Outdoor Sports
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America GPS Altimeter Analysis and Forecast
12.1 Introduction
12.2 Latin America GPS Altimeter Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America GPS Altimeter Market Size Forecast by Type
12.6.1 Wrist-Worn Altimeter
12.6.2 Hands-Free Altimeter
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America GPS Altimeter Market Size Forecast by Applications
12.10.1 Exploration
12.10.2 Outdoor Sports
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) GPS Altimeter Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) GPS Altimeter Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) GPS Altimeter Market Size Forecast by Type
13.6.1 Wrist-Worn Altimeter
13.6.2 Hands-Free Altimeter
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) GPS Altimeter Market Size Forecast by Applications
13.10.1 Exploration
13.10.2 Outdoor Sports
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 GPS Altimeter Market: Competitive Dashboard
14.2 Global GPS Altimeter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aerosonic
14.3.2 Garmin
14.3.3 Honeywell Aerospace
14.3.4 Rockwell Collins
14.3.5 Thales
14.3.6 Aerocontrolex
14.3.7 UTC Aerospace Systems
14.3.8 Thommen
14.3.9 Free Flight Systems
14.3.10 Hindustan Aeronautics
14.3.11 Aerosonic
14.3.12 Memscap
14.3.13 Kollsman
14.3.14 Dynon Avionics
