According to a recently published report by Research Nester on “Aerospace and Defense Telemetry Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global aerospace and defense telemetry market in terms of market segmentation by type, by equipment, by application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global aerospace and defense telemetry market is estimated to surpass USD 17.5 Billion by 2027. The market is anticipated to record a CAGR of around 4.8% over the forecast period i.e. 2019-2027. The market is segmented by type, equipment & application. The market is segmented by type into radio and satellite. The market is further segmented by equipment into data acquisition unit, telemetry transmitters, flight terminator receivers and others. On the basis of application, the market is segmented into aircraft, spacecraft, UAVs and others.
Telemetry devices are anticipated to gain popularity owing to an appreciation in the amount of data that is collected in defense and aerospace operations. The application of telemetry is wide and is even used in the field of navigation, communication, military intelligence, space science and is expected to propel the market growth.
North America region is anticipated to dominate the market share owing to high investments in the military and space sector. The growth in Middle East and Africa and Asia Pacific region is expected to be higher during the forecast period. Political problems between the Gulf countries have forced the countries to increase their defense expenditure for the modernization of equipment. Moreover, the demand for unmanned aerial vehicles is high in the region. Emerging countries in the Asia Pacific region such as India and China have invested huge amounts for modernizing their armed forces. Such activities are likely to escalate the demand for such telemetry systems over the forecast period.
Increase Defense Expenditure and Usage in Military Applications
The use of telemetry has increased vastly in military applications such as intercepted telemetry in guided missiles, armored vehicles, aircrafts, marine ships, UAVs. Moreover, the spending on defense has increased owing to various security threats that are imposed externally as well as internally. Additionally, increasing terrorist attacks, escalating interest of nations towards world dominance and volatile relations between the nations are expected to drive the market growth during the forecast period.
However, use of C-band telemetry is new and challenging and this is expected to operate as a key restraint towards the growth of the global aerospace and defense telemetry market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global aerospace and defense telemetry market which includes company profiling of BAE Systems Plc., Cobham Plc., Honeywell International Inc., Zodiac Aerospace, ORBIT Communication Systems Ltd., and Rockwell Collins, Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global aerospace and defense telemetry market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.