What is Aerospace and Defense Telemetry Market?
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.
Highlights from Aerospace and Defense Telemetry Market Study
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | 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) |
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. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Aerospace and Defense Telemetry market throughout the forecasted period.
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 profiled in the study. Aerospace and Defense Telemetry Market Segmentation:
Scope | Sub-Segments |
---|
Application / End User | Civil Aviation and Military Aviation |
Type | Hardware {Data Acquisition Unit, Termination Receivers, Telemetry Transmitters, Others} and Software |
End Users | OEMs,Aftermarket |
Technology | Satellite Telematics,Radio Telematics |
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). 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
Key Target Audience
Government regulatory authorities, End User Industry, Customer and Others
Market Leaders & 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.