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Aerospace Telemetry Market worth $18.53 Billion by 2019
According to the new market research report the“Aerospace Telemetry Market by Radio Telemetry & Satellite Telemetry) - Forecast Analysis to 2014 - 2019” provides details on their financial positions, key products, their unique selling points, and key developments. This research report also segments the market on the basis of telemetry applications, region, country, forecasting revenues, market share, and analyzing trends in each of the sub-sectors.
Browse more than 85 market data tables with 62 figures spread through 157 pages and in-depth TOC on " Telemetry Market in Aerospace & Defense by Radio Telemetry & Satellite Telemetry) - Forecast Analysis to 2014 - 2019"
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The global Telemetry Market in A&D is estimated to be $17.01 Billion in 2014 and is expected to register a CAGR of 1.73% to reach $18.53 Billion by 2019.
The continued requirement for integrated solutions will drive the telemetry market. Joint ventures have played a significant role in winning contracts across the defense industry. Austerity leading to defense budget-cuts will continue till 2016 in U.K. and the U.S. The primary market players are from the U.S. and Europe; these players have the technical know-how and now look towards emerging economies. Transitioning markets include most of the major emerging countries such as China, India, Israel, Australia, and Brazil. The current trend of the market is its transition towards efficient and low-cost telemetry systems. The market requires more consolidation and integration of telemetry systems across all platforms to garner a competitive advantage.
Africa will apply telemetrics in their mining industry. The North American region will focus on their airborne sub-segment. Airborne telemetry applied in the UAVs and drones in this region are an apt quintessence of their cutting-edge technologies, which make them the market leaders. The Asia-Pacific region will continue to exhibit growth and intrinsic strength in telemetry technologies.
The future of telemetry systems will be dominated by remote radio telemetry. The common methods in satellite communication for telematics will be based on RF communication infrastructure.There will be an increasing demand in UAVs, sensors, and mobility solutions.
Spacecraft hardware will be a key area for growth in this market. As computers become more advanced, the technology needed to make them more efficient, faster, and resistant to the environment becomes less expensive. The defense industry can expect telemetry systems to become smaller and less expensive.
Digital maps in this market also play a significant role, which allow visualization of vehicle positions and traces. Communication with the Fleet Communication System (FCS) is realized by trunked radio, cellular, or satellite communication. Telemetry technology is used extensively in FCS.
China has indicated that they intend to expand their regional navigation system, called “Beidou”, into a global navigation system by 2020, a program that has been called "Compass". The Compass system is proposed to utilize 30 medium earth orbit satellites and five geostationary satellites. High-end satellite telemetry technology will be used in these systems that will provide ample opportunities for China in this market.
Blue Ocean strategies in this sector will help telemetry grow at a rapid pace. Asia-Pacific countries should focus on growth and direct their region’s economies on a higher trajectory for the long run.
Other technological trends would include integration across all platforms for a seamless net-centric environment, where users will have access to real-time data and better accessibility to ground control stations. Telemetry intelligence (TELINT) will continue to advance and add value to telemetry capabilities. Telemetry in laser–guided missiles and satellite navigation will hold critical importance in this market.
Defense companies face more pressure to improve productivity in the telemetry market, and respond to complex government regulations. A need for the frequency spectrum in this industry will revolutionize the aerospace & defense telemetry market in future.
This report provides a market analysis of the global aerospace & defense telemetry market for the next five years. It provides an overview of drivers, challenges, and restraints that impact the industry. It also discusses the industry, market, and technology trends that currently prevail in the global telemetry market. It tracks, analyzes, and lays out the market size of major spenders in each region and provides the market share by sub-category i.e. Aerospace & Defense. The report also analyzes the market share by procurement, integration, and maintenance. It provides information of the leading competitors in the global aerospace & defense telemetry market.
It also provides details on their financial positions, key products, their unique selling points, and key developments. This research report also segments the market on the basis of telemetry applications, region, country, forecasting revenues, market share, and analyzing trends in each of the sub-sectors.
The key players in this market are BAE Systems, Orbit Technologies, Zodiac Aerospace, Kongsberg Gruppen, Finmeccanica, Dassault Aviation, and Cobham.
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