Aerospace and defense telemetry: Key market research findings
- Growing demand for military and defense applications spurs market growth
- The Americas dominate the market geographically
- Key vendors – AE Systems, Cobham, Honeywell, L-3 Communications, and Zodiac Aerospace
Technavio’s market research analysts predict the global aerospace and defense telemetry market to grow at a CAGR of around 3% between 2016 and 2020. The market’s growth is augmented by the growing demand for telemetry systems for a broad range of military and defense applications. Telemetry systems provide reliable, long-range wireless communication to and from unmanned aerial vehicle (UAVs) for military and defense applications. Furthermore, they make use of tactical meteorological systems for UAV applications that can provide information to determine weather conditions before and during the flight operations. During 2015, the Americas dominated the global aerospace and defense telemetry market by accounting for around 46% of the overall market share. The large number of ongoing aerospace R&D activities in civil, commercial, and military segments in the region is expected to fuel growth in the market in this region during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of aerospace and defense telemetry segments based on application.
“Recently, there has been a shift towards remote radio telemetry. Its fundamental function is to retrieve data from remote monitoring sites and work with global water serial loggers to get readings from the sensors. Since it transmits analog, digital, and pulse counter data that spreads across large areas without the need for cables, remote radio telemetry makes for a cost-effective and flexible mode of communication,” says Abhay Kumar Singh, Lead Analyst, Aerospace & Defense, Technavio Research.
By 2020, the aerospace segment is likely to continue its market dominance by occupying around 71% of the total market share. Recent developments, such as core-memory-programmed telemetry systems, are resulting in increased areas of applications by providing the flexibility required for aerospace vehicular applications and environments. The rise in emerging companies in the space industry is expected to augment the growth of this segment of the market by 2020.
AE Systems, Cobham, Honeywell, L-3 Communications, and Zodiac Aerospace are the prominent vendors in the market. The market is highly competitive and offers huge growth opportunities for vendors to grow owing to the growth of the A&D sector and surging investments. Intense competition prevails in this market where the key players compete in terms of in-house manufacturing capabilities, product offerings, global footprint network, R&D investments, newer technologies, and a strong client base. The vendors are also focusing on providing cost-effective and high-quality telemetric systems with latest technology and materials to gain a competitive edge over their peers.
A more detailed analysis is available in the Technavio report, Global Aerospace and Defense Telemetry Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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