What is Aerospace & Defense Telemetry Market?
Telemetry is a mode of communication that is used for the measurement of the data received from the remote, inaccessible point and hard reach point. This can be done through wired mode (telephone network, optical links) or wireless mechanism (radio, ultrasonic and infrared waves). In aerospace and defense, the telemetry is generally the transmission of information from space (satellites, spacecraft) or defense systems to a ground control station on Earth or remote space vehicles with transmitting and receiving systems. Growing demand for the Allocation of Telemetry Spectrum and an increase in asymmetric Warfare are expected to drive the aerospace & defense telemetry market.
Highlights from Aerospace & Defense Telemetry Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | BAE Systems PLC (United Kingdom), Lockheed Martin Corporation (United States), L3 Technologies Inc. (United States), Safran (France), Honeywell International Inc. (United States), Raytheon (United States), Orbit Technologies Ltd. (Israel), Thales Group (France), Curtiss-Wright Corporation (United States), AstroNova, Inc. (United States), Kongsberg Gruppen AS (Norway) and Dassault Aviation (France) |
The aerospace and defense telemetry market is fragmented, with top five manufacturers occupying more than 50% of market share in 2018, that includes BAE Systems, L3 Technologies, and Lockheed Martin Corporation among others. The application of telemetry is vast and is used in the field of navigation, military intelligence, communication, rocketry, space science and flight testing is driving the demand in the global market. The market offers huge growth opportunities for the vendors to grow owing to growth in the Aerospace and Defense sector and surging investments. Intense competition prevails in this market where the key players compete in terms of in house manufacturing capabilities, global footprint network, product offerings, new technologies, R&D investments, and a strong client base. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Aerospace & Defense Telemetry market throughout the forecasted period.
BAE Systems PLC (United Kingdom), Lockheed Martin Corporation (United States), L3 Technologies Inc. (United States), Safran (France), Honeywell International Inc. (United States), Raytheon (United States), Orbit Technologies Ltd. (Israel), Thales Group (France), Curtiss-Wright Corporation (United States), AstroNova, Inc. (United States), Kongsberg Gruppen AS (Norway) and Dassault Aviation (France) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Cobham (United Kingdom) and Leonardo SpA (Italy). Aerospace & Defense Telemetry Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Spacecraft, Aircraft, Missiles, UAVs, Guided Weapons and Others |
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Equipment | Telemetry Transmitters,Data Acquisition Unit,Flight Termination Receivers,Others |
Technology | Satellite Telemetry,Radio Telemetry |
Sector | Aerospace,Defense |
On the basis of geography, the market of Aerospace & Defense Telemetry has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Investment in R&D to Develop Control & Communication Systems
Market Growth Drivers:
Increase in Demand of Radio & Satellite-Based Telemetry for Military & Defense Application and Increase in System Complexity
Challenges:
To Improve Productivity of the Product and Network Centric Military Communication
Restraints:
Stringent Government Rules and Regulations and Inadequate Testing
Opportunities:
Growing Demand in Emerging Nations and Increasing Merger & Acquisition
Key Target Audience
Aerospace and Defense Telemetry Solution Providers, Component Providers, Defense Organizations, Research Institutions and Regulatory Bodies
Market Leaders & Development Strategies
On 13 february 2022 Lockheed Martin Corporation announced it has terminated its agreement to acquire Aerojet Rocketdyne Holdings, Inc.The decision to terminate the agreement follows the U.S. Federal Trade Commission's (FTC) lawsuit filed late last month seeking a preliminary injunction to block the acquisition. and On1 July 2019, L3Harris Technologies announced the successful completion of the all-stock merger between Harris Corporation and L3 Technologies. Headquartered in Melbourne, Florida, L3Harris is the sixth largest defense company in the U.S., and a top 10 defense company worldwide
In July 2018, BAE Systems and Goonhilly Earth Station (GES) signed a memorandum of understanding to supply two Tracking, Telemetry, and Command Processor (TTCP) systems to GES. The technology will allow GES to communicate and track a wide range of spacecraft, including future manned and robotic missions to the Moon and Mars.