Published by Coherent Market Insights
Posted on September 15, 2021
United States/WA: Altimeter Market Will Boom In Near Future
Report Pages:[130 Pages]
A growing number of commercial aircraft is a key factor driving the growth of the altimeter market. Also, expanding commercial airlines industry coupled with the rise in the number of air passengers is again fostering the growth of the market. According to ICAO’s preliminary compilation of annual global statistics, the total number of passengers carried on scheduled services rose to 4.5 billion in 2019, which is 3.6 percent higher than the previous year, while the number of departures reached 38.3 million in 2019, a 1.7 percent increase. This is creating demand for more aircraft which in turn augmenting the growth of the altimeter market. Moreover, growing investment by the government of various countries for fighter aircraft is playing a significant role in the overall development of the market. For instance, in 2017, the government of Canada announced to purchase of 88 advanced fighter aircraft for Canadian safety and security.
Key Players operating in the Altimeter market include Garmin International Inc., Aerocontrolex Group Inc., Honeywell Aerospace, UTC Aerospace Systems, Thales Group, Rockwell Collins, Transdigm Group, and United Technologies.
In September 2020, Altimeter Growth Corp. announced the pricing of its initial public offering of 45,000,000 units at $10.00 per unit. The units will be listed on the Nasdaq Capital Market in the United States and trade under the ticker symbol “AGCUU” beginning on October 1, 2020.
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The Asia Pacific is expected to lead the global altimeter market owing to the emerging countries such as India, China, and Japan in the region. As per the April 2018, press release by International Air Transport Association (IATA), Asia Pacific had the highest market share of 33.7% of the total air passenger traffic across the globe, in the month of February 2018. Thus, the growth for altimeter market is majorly driven in the Asia Pacific region pertaining to the increasing demand for air crafts to handle the increasing number of air passengers.
An altimeter is a device used to measure the height of an object over a fixed level, usually a mountain top or other elevated surface. The reading of altitude, when done by a trained person using a tool that holds two compasses, is called an altimeter and is related, somehow, to the concept of bathymetric measurement, the measurement of surface water levels underwater. The altimeter also measures air pressure and the force of buoyancy. A more elaborate version of an altimeter is a device called an autopilot altimeter, which automatically adjusts altitude and air pressure as well as temperature and other physical factors based on real-time information from an external source. Some types of altimeters are simple and require no special training; however, more sophisticated altimeter devices require knowledge of how to use them. Basic altimeters have two parts, an ionization chamber, and an airflow meter. The ionization chamber measures changes in the number of electrodes when a current is passed through it.
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The post [PDF] The global altimeter market witnessing strong in the Asia Pacific region appeared first on Gatorledger.
United States/WA: Altimeter Market Will Boom In Near Future
Report Pages:[130 Pages]
A growing number of commercial aircraft is a key factor driving the growth of the altimeter market. Also, expanding commercial airlines industry coupled with the rise in the number of air passengers is again fostering the growth of the market. According to ICAO’s preliminary compilation of annual global statistics, the total number of passengers carried on scheduled services rose to 4.5 billion in 2019, which is 3.6 percent higher than the previous year, while the number of departures reached 38.3 million in 2019, a 1.7 percent increase. This is creating demand for more aircraft which in turn augmenting the growth of the altimeter market. Moreover, growing investment by the government of various countries for fighter aircraft is playing a significant role in the overall development of the market. For instance, in 2017, the government of Canada announced to purchase of 88 advanced fighter aircraft for Canadian safety and security.
Key Players operating in the Altimeter market include Garmin International Inc., Aerocontrolex Group Inc., Honeywell Aerospace, UTC Aerospace Systems, Thales Group, Rockwell Collins, Transdigm Group, and United Technologies.
In September 2020, Altimeter Growth Corp. announced the pricing of its initial public offering of 45,000,000 units at $10.00 per unit. The units will be listed on the Nasdaq Capital Market in the United States and trade under the ticker symbol “AGCUU” beginning on October 1, 2020.
Request a sample copy of the report to understand the structure of the complete report:
https://www.coherentmarketinsights.com/insight/request-sample/1808
The Asia Pacific is expected to lead the global altimeter market owing to the emerging countries such as India, China, and Japan in the region. As per the April 2018, press release by International Air Transport Association (IATA), Asia Pacific had the highest market share of 33.7% of the total air passenger traffic across the globe, in the month of February 2018. Thus, the growth for altimeter market is majorly driven in the Asia Pacific region pertaining to the increasing demand for air crafts to handle the increasing number of air passengers.
An altimeter is a device used to measure the height of an object over a fixed level, usually a mountain top or other elevated surface. The reading of altitude, when done by a trained person using a tool that holds two compasses, is called an altimeter and is related, somehow, to the concept of bathymetric measurement, the measurement of surface water levels underwater. The altimeter also measures air pressure and the force of buoyancy. A more elaborate version of an altimeter is a device called an autopilot altimeter, which automatically adjusts altitude and air pressure as well as temperature and other physical factors based on real-time information from an external source. Some types of altimeters are simple and require no special training; however, more sophisticated altimeter devices require knowledge of how to use them. Basic altimeters have two parts, an ionization chamber, and an airflow meter. The ionization chamber measures changes in the number of electrodes when a current is passed through it.
Go Through Our Trusted Clients List: https://www.coherentmarketinsights.com/trusted-by
People Also Search For Following Reports:
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post [PDF] The global altimeter market witnessing strong in the Asia Pacific region appeared first on Gatorledger.
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