Global Radar Altimeter Market Insights Forecasts to 2033

• The Global Radar Altimeter Market Size was Valued at USD 36.97 Billion in 2023
• The Market Size is Growing at a CAGR of 4.06% from 2023 to 2033
• The Worldwide Radar Altimeter Market Size is Expected to Reach USD 55.02 Billion by 2033
• Europe is Expected to Grow the fastest during the forecast period.

The Radar Altimeter Market Size is Anticipated to Exceed USD 55.02 Billion by 2033, Growing at a CAGR of 4.06% from 2023 to 2033.

Market Overview

A radar altimeter is a tool used to determine the height above the ground, either above or below an aircraft or spacecraft, as well as the duration of time it takes for a radio wave beam to reflect from the ground to that platform.  Leading edge tracking technique, low radiated power, low power of intercept, thermal drift recovery during flight, and many more features are available on radar altimeters. In order to meet integrity and reliability requirements for the Eurofighter, fixed wing helicopters can use digital radar altimeters. In contrast, a digital radar altimeter for rotary wings has been created in order to satisfy the needs for hovering and the Nap of Earth. Additionally, the radar altimeter can be utilized in antiquated platforms like helicopters, aircraft, unmanned aerial vehicles, and many more to enhance operation life. The benefits that radar altimeters offer, like accurate height indication and high dependability, are eventually driving the market's expansion. Due in large part to consumer expenditure driven by modern lifestyle and time-saving travel, aviation passenger traffic is increasing significantly. In the near future, the market is anticipated to develop due to the need for commercial aircraft and the adoption of radar altimeters by adventure sports enthusiasts, mountaineers, and sky divers.

Report Coverage

This research report categorizes the market for the global radar altimeter market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global radar altimeter market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global radar altimeter market.

Driving Factors

Radar altimeters are used to establish an aircraft's position with respect to the applicable decision height, which is a crucial component of both aircraft operation and ground proximity warning systems. The market for radar altimeters is expanding due in large part to the increasing use of these devices in both military and commercial aviation. The demand for military and commercial aircraft is expected to drive market growth during the forecast period, as is the growing use of safety and security measures in the aerospace and defense industry, increased spending on defense by various governments throughout the region, and an increase in the adoption of radar altimeters by remote sensing scientists for various geomorphologic studies.

Restraining Factors

The potential for technical malfunctions in radar altimeters due to inclement weather, such as rain and snow, and the high price of the device are impeding the market's expansion.

Market Segmentation

The radar altimeter market share is classified into type and application.

• The pulse limited segment is expected to hold the largest share of the radar altimeter market during the forecast period.   

Based on the type, the radar altimeter market is categorized into synthetic radar aperture, and pulse limited. Among these, the pulse limited segment is expected to hold the largest share of the radar altimeter market during the forecast period. The pulse limited radar altimeter is giving high relative velocity targets can be easily detected by a high-prf pulse doppler radar because their echoes do not interfere with clutter echoes at lower doppler frequency.

• The sUAV segment is expected to grow at the fastest CAGR during the forecast period.   

Based on the application, the radar altimeter market is categorized into commercial aircraft, spacecraft, military aircraft, UAVs, sUAV, UUVs, and others. Among these, the sUAV segment is expected to grow at the fastest CAGR during the forecast period. The transmitter and receiver which make up an sUAV radar are used to detect radio waves reflected off of an object to estimate its direction, speed, and distance. In cars, short-range radars are utilized for short-range tasks including obstacle or parking assistance identification, blind spot recognition, and collision avoidance.

Regional Segment Analysis of the Global Radar Altimeter Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is projected to hold the largest share of the global radar altimeter market over the forecast period.

Asia Pacific is projected to hold the largest share of the global radar altimeter market over the forecast period. China, Japan, India, Vietnam, and South Korea are among the economies that significantly contribute to the Asia Pacific market. Increased government spending in the military and commercial aviation sectors in developing nations is anticipated to accelerate market expansion. In the market for civil aviation, China is the global leader. The top five nations in the world in terms of civil aviation market are China, the United States, India, Indonesia, and Vietnam. Radar altimeters are becoming more and more necessary as military and commercial aircraft manufacturing rises. Several significant aspects contributing to the growth of the Asia Pacific market include the increase in air transportation operations, the installation of different navigation systems in aircraft, and the budgetary allocation for the military industry.

Europe is expected to grow at the fastest CAGR growth of the global radar altimeter market during the forecast period. Europe's aerospace and defense industry, as well as the radar altimeter market, have grown due to increased demand for commercial and military aircraft, as well as significant defense spending. Europe is actively engaged in extensive research and development of emerging technologies for deployment in the aerospace sector, which is expected to drive market growth in Europe.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global radar altimeter market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Honeywell International Inc.
• BendixKing
• Collins Aerospace
• FreeFlight Systems
• Garmin Ltd.
• Hyper Tech.
• Leonardo S.p.A.
• Meteksan Defence Industry Inc.
• Sarasota Avionics International
• Thales Group
• United Instruments
• Aerosonic
• Others

Key Market Developments

• In March 2022, The FAA Technical Standard Order (TSO) clearance for FreeFlight Systems' 5G interference-resistant radar altimeters, the Terrain series, is almost complete. Early in April, the business intends to submit the necessary documentation to the TSO; approval ought to come soon after.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global radar altimeter market based on the below-mentioned segments: 

Global Radar Altimeter Market, By Type

• Synthetic Radar Aperture
• Pulse limited

Global Radar Altimeter Market, By Application

• Commercial Aircraft
• Spacecraft
• Military Aircraft
• UAVs
• sUAV
• UUVs
• Others

Global Radar Altimeter Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa