About Aerospace and Defense Telemetry
The global aerospace and defense telemetry market is expected to grow at a significant rate during the forecast period, according to the AMA study. Telemetry can be defined as an automatic recording & transmission of data from remote or inaccessible locations or systems, to perform the operations such as monitoring & analysis. The growing demand from military applications propelled by the rising global military expenditure is expected to be one of the major drivers of this market.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2023 |
Unit | Value (USD Million) |
The vendors in this market are majorly focusing on developing new and innovative telemetry systems to cater to the industry demands in order to remain competitive in the global market. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Aerospace and Defense Telemetry market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BAE Systems (United Kingdom), Cobham Limited (United Kingdom), Curtiss-Wright (United States), Dassault Aviation (France), HONEYWELL INTERNATIONAL INC. (United States), KONGSBERG GRUPPEN ASA (Norway), L3Harris Technologies, Inc. (United States), Leonardo S.p.A. (Italy), Orbit Communications Systems Ltd. (United States), Safran (France) and Thales Group (France) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Aerospace and Defense Telemetry market by Type (Hardware {Data Acquisition Unit, Termination Receivers, Telemetry Transmitters, Others} and Software), Application (Civil Aviation and Military Aviation) and Region.
On the basis of geography, the market of Aerospace and 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). If we see Market by End Users, the sub-segment i.e. OEMs will boost the Aerospace and Defense Telemetry market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Satellite Telematics will boost the Aerospace and Defense Telemetry market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand for Telemetry from Military Applications such as Guided Missiles, UAVs, Armoured Vehicles, and Marine Ships
Market Growth Drivers:
The Rising Global Aircraft Production & Fleet Propelling Demand for Telemetry Systems, The Growing Acquisition of Military Aircraft and Munitions Propelled by the Rising Military Expenditure and Growing Adoption of UAVs across Different Military Forces
Challenges:
The Outbreak of COVID-19 Affecting Airlines Industry which is Leading to Cancellation of International & Domestic Flights Uncertainly is Expected to be one of the Major Challenge for Short-Period of Time
Opportunities:
Expected Deliveries of More Than 38,000 Commercial Aircraft During the Next 20 Years will Create Huge Opportunities for Market Vendors During the Forecast Period
Market Leaders and their expansionary development strategies
In July 2018, BAE Systems announced that it has signed a partnership with Goonhilly Earth Station (GES) to commercialize deep space communications by supplying Tracking, Telemetry and Command Processor (TTCP) systems to GES.
Key Target Audience
Government regulatory authorities, End User Industry, Customer and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.