- The key vendors in the Global Aerospace and Defense Telemetry Market 2015-2019 are BAE Systems plc, Cobham plc, Honeywell International Inc., L-3 Communications Holdings Inc., Zodiac Aerospace Group
London, 24 February 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Aerospace and Defense Telemetry Market 2015-2019. One of the major trends influencing market growth is an increased demand for telemetry in military and defense applications. UAVs utilize communication systems for air-to-ground communications and with the rise in demand for reliable telemetry infrastructure, the utilization of satellite-based telemetry has also increased. And though the market is facing challenges in terms of the defense budget cuts new spectrum allocation for aeronautical applications is expected to enhance market growth at a CAGR of 2.57 percent during the forecast period of 2014-2019.
Advanced application of telemetry technologies has reduced the R&D time required for aerospace and defense activities. Advanced Telemetry (ATM) is important for flight testing of aeronautical vehicles for both commercial and military applications, and it is being used to transmit real-time data during flight tests.
“Real-time data from flight tests is becoming critical to the productivity and safety of flight test programs. Governments recognize that a shortage of ATM spectrum can lead to delays in flight tests and cost millions of dollars a year,” says Faisal Ghaus, Vice President of TechNavio Research.
“Thus, there is scope for growth of the ATM spectrum to meet the increasing demand, which also provides an excellent opportunity for investment in technology R&D.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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