Global Aerospace & Defense Telemetry Market Set To Grow at a Stellar CAGR of 4% during FY 2021-2028


Posted April 21, 2022 by MarketResearch7

The global aerospace & defense telemetry market size is anticipated to expand at a substantial CAGR of 4% during the forecast period, 2021–2028.
 
The global aerospace & defense telemetry market size is anticipated to expand at a substantial CAGR of 4% during the forecast period, 2021–2028.

The growth of the market is attributed to the increasing use of telemetry in military purposes such as intercepted telemetry in guided missiles, armored vehicles, land systems, marine ships, aircraft, and unmanned aerial vehicles (UAVs) is estimated to boost telemetry demand.

Telemetry is an automated method of collecting and measuring data from unreachable, distant, and difficult-to reach locations. Wireless means such as radio waves, infrared waves, and ultrasonic waves can be used, as well as wired methods such as optical links and telephone networks. Sensors collect physical or electrical data and transform it into specified electronic voltages. Multiplexers combine these voltages with time data to create a single stream of data that can be transmitted to a remote receiver. The data stream is divided into its original parts at reception, and the data is presented and processed as per the user's preferences.

Telemetry in aerospace and defense refers to the data transmission from defense systems in space to a ground-based control station using transceiver equipment. It has a lot of uses in the military and defense security systems. Aeronautical telemetry (ATM) allows for real-time monitoring of environmental conditions in flying objects in commercial and military applications such as space travel, rocketry, and flight testing.

Market Trends, Drivers, Restraints, and Opportunities
• Rising defense budgets around the world are anticipated to propel the market growth in the coming years.
• Growing terrorist attacks, an increase in defense spending as a result of numerous security risks, and a rising interest among several states in world dominance are some of the main drivers projected to fuel worldwide market expansion.
• Increasing R&D initiatives to improve existing communication systems and the use of UAVs for distant sensing is estimated to spur the market growth during the forecast period.
• Expensive startup and maintenance costs, as well as insufficient testing, are expected to hamper the market growth.
• Government-imposed strict restrictions and regulations make it difficult for enterprises in the aerospace and defense telemetry sector to act as a major challenge that can restrict the market expansion during the forecast period.
• Advancements in aerospace and defense telemetry, such as actual data access and artificial intelligence are projected to create significant opportunities for the market players.

Global Aerospace & Defense Telemetry Market Segment Insights
Satellites segment is projected to represent a large market share
Based on types, the global aerospace & defense telemetry market is segmented into satellites and radio. The satellites segment is expected to hold a key share of the market during the forecast period due to military and commercial flight tests both require satellite telemetry. These devices aid in the monitoring of data gathered via a radio frequency (RF) link from onboard instruments. Actual data, as well as statistical analysis, is critical for the test pilots' safety, and thus demands a stable high throughput link. The use of smart armaments and unmanned aerial vehicles is anticipated to develop significantly, resulting in considerable growth in satellite communication.

Aerospace segment is expected to grow at a robust pace
On the basis of applications, the market is bifurcated into aerospace and defense. The aerospace segment is expected to constitute a key share of the market in the coming years owing to the factors that can be ascribed to the emergence of new enterprises, in the space sector which comprises launch automobile makers to satellite service providers.

Asia Pacific is expected to dominate the market
On the basis of regions, the market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to dominate the market at an impressive CAGR during the forecast period. The regional market growth can be attributed to China, India, and Japan, among the Asia-emerging Pacific's economies, are investing heavily in modernizing their military forces. The modernization initiatives are pushed even more by these nations' increased defense spending, which has a beneficial effect on the market's growth.

Compititive Landscape
Key players competing in the global aerospace & defense telemetry market are Thales Group; Safran SA; Raytheon Company; Orbit Communications Systems Ltd.; Lockheed Martin Corporation; Leonardo S.p.A; L3Harris Technologies, Inc.; Kongsberg Gruppen AS; Honeywell International Inc.; Curtiss-Wright Corp.; Cobham PLC; BAE Systems plc; and AstroNova Inc. Some of these players are adopting several business strategies including acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to increase their market shares.

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Categories Aerospace , Automotive , Business
Tags aerospace defense telemetry market , aerospace defense telemetry market cagr , aerospace defense telemetry market share , aerospace defense telemetry market size , north america , south america , uae , usa
Last Updated April 21, 2022