Aerospace and Defense Telemetry Market Size, Share & Industry Growth Analysis Report by Platform (Ground, Airborne, Marine, Space, Weapons, UAVs), Technology (Wired and Wireless Telemetry), Component ( Receiver, Transmitter, Antenna, Processors), Application, and Geography- Global Forecast to 2027
Updated on : May 10, 2023
[217 Pages Report] The Aerospace and Defense Telemetry Market is expected to grow from USD 1.4 billion in 2022 to USD 2.0 billion by 2027, at a CAGR of 6.9% from 2022 to 2027. The Aerospace and Defense Telemetry Industry is driven by factors such as increase in airspace modernization programs, increasing demand for military UAVs, development of compact telemetry systems for UAVs, etc.
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The COVID-19 pandemic has caused a large-scale impact on economies across the world. The global manufacturing of telemetry systems, components, and assembly lines have been impacted. COVID-19 has led to several challenges for many industries. The Aerospace & defense industry is no exception to that. The budget allotted to the defense sector has been reduced by several countries due to the COVID-19 pandemic. This puts most research projects on hold. The export of aerospace and defense telemetry to several countries in the Middle East, Africa, and Latin America has also been reduced. All these scenarios affect the development of aerospace and defense telemetry.
Aerospace and Defense Telemetry Market Dynamics
Driver : Increase in airspace modernization programs
Airspace modernization programs include designing new antennas to increase the connectivity of aircraft. For instance, in March 2021, a new antenna that offers flexible installation options for special-purpose aircraft was designed by ThinKom Solutions (US). The company developed a new variant of its Variable Inclination Continuous Transverse Stub (VICTS) antenna for government and military beyond-line-of-sight (BLoS) applications. Initial units of the product are currently undergoing integration, with formal qualification scheduled to begin soon.
Modernizing and overhauling airspace to enhance safety and minimize flight delays is a prime focus area in North American and European countries. Better routing decisions, improved pilot communication, and enhanced efficiency are some benefits of airspace modernization. It involves the installation of new technologies and components to communicate effectively with air traffic managers, perform multidimensional aircraft tracking, and improve navigation by generating images of forward external scene topography. These airspace modernization programs, when implemented successfully, help save fuel, enhance the quality of air, and reduce carbon emissions. This drives the market for aerospace & defense telemetry
Restraint : Long product certification duration
Aerospace & defense telemetry systems and component manufacturers are required to obtain certification before launching a new product in the market. Multiple tests and iterations are required for manufacturers to reach the highest level of safety, which leads to complex and delayed approval periods that further leads to production delay. For instance, as per stated by one of the primary respondent, any product related approvals from Federal Aviation Administration (FAA), that provides certification to region like North America, could take around three years. These delays in certification process from regulatory authorities like FAA may restrain the growth of aerospace and defense telemetry market.
Opportunity : Development of low cost miniaturized telemetry systems
The cost of electronic components has reduced significantly due to large-scale manufacturing and integration of circuits into single PCBs. This has made it possible to manufacture telemetry systems and components at low rates. The antennas, a telemetry component is being widely used across various industries due to their efficiency, reliability, and affordability. The large scale miniaturization of electronic comonents are being used in order to reduce the overall size of antennas, as a result, they can be easily accommodated in small spaces. It also further results in limited fuel and power consumption. In addition, it also helps manufacturers in reducing the size of UAVs and other satellites. As a result, the development of small-sized antennas at low costs offers lucrative growth opportunities for various players operating in the aerospace & defense telemetry market.
Challenges : Lack of skilled workforce
Critical land, marine, airborne, and space operations rely on well-qualified personnel for various tasks such as R&D, patent development, and software development & application. Thus, the recruitment of a technical workforce forms a crucial part of ensuring innovation in business processes and products in the defense industry. Countries such as Morocco, South Africa, Nigeria, Somalia, Kenya, Bangladesh, Nepal, and Bhutan lack a skilled technical workforce in the defense industry. Potential workforce issues affect the safety and effectiveness of operations, which further limits the number of missions that the systems can handle. Thus, this acts as a challenge to the growth of the aerospace & defense telemetry market.
UAV segment of the aerospace and defense telemetry market by platform, to grow at highest CAGR during the forecast period
Based on platform, the UAV segment is projected to grow from USD 187 million in 2022 to USD 320 million by 2027, at a CAGR of 11.4% during the forecast period. The growth can be attributed to the increasing use of UAVs across various industries, as well as increasing demand of UAVs for both military and commercial application.
Wireless telemetry segment to command the aerospace and defense telemetry market by technology, during the forecast period
The wireless telemetry segment is expected to lead the aerospace and defense telemetry market during the forecast period. This segment accounted for a share of 62.3% of the market in 2022. The growth can be attributed to the higher adoption of wireless telemetry technology owing to the ease of operation and maintenance.
Receiver segment to command the aerospace and defense telemetry market by component, during the forecast period
The receiver telemetry segment is expected to lead the aerospace and defense telemetry market during the forecast period. The market is projected to grow from USD 477 million in 2022 to USD 685 million in 2027, growing at a CAGR of 7.5% from 2022 to 2027.
The North America market is projected to contribute the largest share from 2022 to 2027
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Emerging Industry Trends
Miniaturization of Antenna
Research & development on antennas to reduce the size and weight and increase power have led to the development of integrated antennas. Research to make antennas invisible to the naked eye is still underway; these small antennas will be integrated into various platforms such as ships, military vehicles, and manpacks.
Flexible hybrid electronics (FHE) technology is a result of R&D undertaken by the electronics and high precision printing industries. With the help of FHE technology, manufacturers can build integrated antennas that are lightweight and can be conformed to the curves of the human body while preserving full operational integrity. FHE technology can revolutionize the aerospace & defense telemetry market by integrating multiple ultra-thin silicon components with high precision, printing them with conductive and active inks, and pasting them on stretchable substrates.
Aerospace and Defense Telemetry Industry Companies: Top Key Market Players
The Aerospace and Defense Telemetry Companies are dominated by globally established players such as L3harris Technologies (US), Honeywell International Inc (US), General Dynamics Corporation (US), Lockheed Martin (US), Maxar Technologies (US). The report covers various industry trends and new technological innovations in the Aerospace and Defense Telemetry market for the period, 2018-2027.
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Get online access to the report on the World's First Market Intelligence Cloud
- Easy to Download Historical Data & Forecast Numbers
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
Report Metric |
Details |
Market size available for years |
2018–2027 |
Base year considered |
2021 |
Forecast period |
2022-2027 |
Forecast units |
Value (USD Million) |
Segments covered |
By Platform, By Application, By Component, By technology |
Geographies covered |
North America, Europe, Asia Pacific, Middle East, Rest of the World. |
Companies covered |
L3harris Technologies (US), Honeywell International Inc (US), General Dynamics Corporation (US), Lockheed Martin Corporation (US), Maxar Technologies (US), Ruag International Holding Ltd (Switzerland), BAE Systems (UK), among others. (24 Companies) |
The study categorizes the aerospace and defense telemetry market based on platform, application, component, technology, and region
By Platform
-
Ground
-
Ground Stations
- Fixed
- Mobile
- Armored vehicles/Land Vehicle
-
Ground Stations
-
Airborne
-
Commercial
- Fixed
- Rotary
-
Military
- Fixed
- Rotary
-
Commercial
-
Marine
- Commercial
- Military
-
Space
- Satellite
- Launchers
- Weapons
- UAVs
By Application
- Avionics
- Air Vehicle Test
- Flight Test Instrumentation
- Distributed Data Acquisition System
- Flight Termination System
By Technology
-
Wired Telemetry
- Electrical Cables
- Fiber Optic Cables
-
Wireless Telemetry
- Short-range Radio Telemetry
- Microwave Telemetry
By Component
- Receivers
- Transmitters
- Antennas
- Processors
By Region
- North America
- Asia Pacific
- Europe
- Rest of the World
Recent Developments
- In February 2022, Lockheed Martin received a manufacturing contract from Smiths Interconnect to manufacture High Gain High Sensitivity (HGHS) Antenna systems to protect US Navy ships from threats during mission-critical operations.
- In January 2022, L3Harris Technologies was awarded an IDIQ contract by the US Marine for multi-channel handheld and vehicular radio systems.
Frequently Asked Questions (FAQ):
What are your views on the growth prospect of the Aerospace and Defense Telemetry Market?
The Aerospace and Defense Telemetry market is expected to grow substantially owing to the technological development in designing of the various telemetry systems, sub-system, and components for several military & commercial applications.
What are the key sustainability strategies adopted by leading players operating in the Aerospace and Defense Telemetry Market?
Key players have adopted various organic and inorganic strategies to strengthen their position in the Aerospace and Defense Telemetry Market. Major players, including L3harris Technologies (US), Honeywell International Inc (US), General Dynamics Corporation (US), Lockheed Martin (US), Maxar Technologies (US), have adopted various strategies, such as contracts and agreements, to expand their presence in the market further.
What are the new emerging technologies and use cases disrupting the Aerospace and Defense Telemetry Market?
Some of the major emerging technologies and use cases disrupting the market include development of smart antenna, hybrid beamforming methods, ultra rugged inertial measurement systems, etc.
Who are the key players and innovators in the ecosystem of the Aerospace and Defense Telemetry Market?
Major players in the Aerospace and Defense Telemetry market include L3harris Technologies (US), Honeywell International Inc (US), General Dynamics Corporation (US), Lockheed Martin Corporation (US), Maxar Technologies (US).
Which region is expected to hold the highest market share in the Aerospace and Defense Telemetry Market?
Aerospace and Defense Telemetry market in the North America region is estimated to account for the largest share of 46% of the market in 2022. The market in the Asia Pacific region is expected to grow at the highest CAGR of 7.6% during the forecast period. .
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The study involved four major activities in estimating the current size of the Aerospace and defense telemetry market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
The market share of companies offering aerospace & defense telemetry systems was arrived at based on the secondary data available through paid and unpaid sources and by analyzing the product portfolios of major companies and rating them based on their performance and quality.
In the secondary research process, sources such as government sources; SIPRI; corporate filings such as annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles by recognized authors, directories, and databases were used to identify and collect information for this study.
Secondary research was mainly used to obtain key information about the industry’s value and supply chain and to identify the key players by various products, market classifications, and segmentation according to their offerings and industry trends related to telemetry components, platforms, technologies, and regions, and key developments from both, market- and technology-oriented perspectives..
Primary Research
In the primary research process, various sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. Primary sources from the supply side included industry experts such as vice presidents (VPs); directors from business development, marketing, and product development/innovation teams; related key executives from marine vessel manufacturers; aircraft manufacturers; aerospace & defense telemetry manufacturers; integrators; and key opinion leaders.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the aerospace and defense telemetry market. These methods were also used extensively to estimate the size of various segments and subsegment of the market. The research methodology used to estimate the market size included the following:
- Key players in the industry and market were identified through extensive secondary research of their product matrix and geographical presence and developments undertaken by them.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Aerospace and defense telemetry market Size: Bottom-Up Approach
To know about the assumptions considered for the study, download the pdf brochure
Data Triangulation
After arriving at the overall market size, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the estimated market numbers for aerospace & defense telemetry segments and subsegments. The data was triangulated by studying various factors and trends from both, the demand and supply sides. Along with this, the market size was validated using the top-down and bottom-up approaches.
The following figure indicates the market breakdown structure and the data triangulation procedure implemented in the market engineering process used to develop this report.
Report Objectives
- To define, describe, segment, and forecast the size of the aerospace and defense telemetry market based on platform, application, component, technology, and region for the forecast period from 2022 to 2027
- To forecast the size of various segments of the aerospace and defense telemetry market with respect to 6 major regions namely, North America, Europe, Asia Pacific, the Middle East, Rest of the World which consists of Latin America, and Africa
- To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the aerospace and defense telemetry market
- To identify the opportunities for stakeholders in the market by identifying key market and technology trends
- To analyze competitive developments such as contracts, agreements, acquisitions & partnerships, new product launches & developments, and Research & Development (R&D) activities in the aerospace and defense telemetry market.
- To anticipate the status of the aerospace and defense telemetry procurements by different countries, technological advancements in telemetry; and joint developments undertaken by leading players to analyze the degree of competition in the market
- To provide a comprehensive competitive landscape of the aerospace and defense telemetry market, along with an overview of the different strategies adopted by the key market players to strengthen their position in the market
Available Customizations
MarketsandMarkets offers the following customizations for this market report:
- Market sizing and forecast for additional countries
- By platform, by sensor breakdown at country level
- Additional five companies profiling
Product Analysis
- Product matrix, which provides a detailed comparison of the product portfolio of each company in the aerospace and defense telemetry market
Growth opportunities and latent adjacency in Aerospace and Defense Telemetry Market