Aerospace & Defense Telemetry Market Significant Investment Growth in Most of the Emerging Markets
The global aerospace & defense telemetry market is estimated to be $17.01 billion in 2014 and is expected to register a CAGR of 1.73% to reach $18.53 billion in 2019. The key growth regions will be the Middle East and Asia-Pacific. Russia, India, Brazil, and South Africa will observe consistent levels of growth.
There is a slight decline in the global share of advanced markets. The decline is not attributed to a reduction in western telemetry expenditure, but significant investment growth in most of the emerging markets.
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.
BAE Systems, Cobham, Honeywell, and Orbit Technologies will be the market leaders that occupy a significant market share.
Airborne telemetry will be used extensively in the U.S. and Europe.
This forecast suggests that emerging markets represent an opportunity for the U.S. defense industry because domestic demand in emerging markets (BRIC) for telemetry products will surpass domestic supply.
Related Reports:
Telemetry Market in Aerospace & Defense (Radio Telemetry, Satellite Telemetry) - Forecast Analysis to 2014 - 2019
https://www.marketsandmarkets.com/Market-Reports/aerospace-defense-telemetry-market-27039415.html
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