Global Aerospace and Defense Telemetry Market Driven by the Demand from the A&D sector
The report by Market Research Future (MRFR) states that the global market for aerospace and defense telemetry is slated to acquire a notable market valuation at a moderate 3% CAGR over the assessment period (2018-2023).
The major market players identified by MRFR in the global aerospace and defense telemetry market are Curtiss-Wright Corporation (US), BAE Systems plc (UK), Cobham plc (UK), Dassault Systèmes SE (France), Kongsberg Gruppen AS (Norway), Honeywell International Inc. (US), L3 Technologies Inc. (US), Orbit Technologies Ltd. (Israel), Leonardo SpA (Italy), and Safran SA (France).
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Drivers and Restraints
The major factors driving the growth of the aerospace and defense telemetry market are the increasing demand for radio and satellite-based telemetry for military and defense applications, and the growing investments towards research and development activities for enhancing control and communications systems. Moreover, the utilization of unmanned aerial vehicles (UAVs) for remote sensing is also expected to contribute towards the market growth over the review period. The integration of aerospace and defense telemetry systems across several platforms for the complete net-centric environment, where consumers acquire accessibility to ground control stations as well as real-time data, is also one of the significant factors fuelling to the growing demand in the global market.
On the other hand, the global aerospace and defense telemetry market is expected to face several challenges through the complicated government regulations on the defense industry. Nevertheless, the need for technologically advanced defense devices and the frequency spectrum in the defense industry is expected to create growth opportunities for market players over the review period.
Intended Audience
- Aerospace and Defense Telemetry Solution Providers
- Component Providers
- Defense Organizations
- Research Institutions
- Regulatory Bodies
Segmental Analysis
The global Aerospace and Defense Telemetry Market is segmented on the basis of equipment and application. Based on the equipment, the aerospace and defense telemetry market are segmented into data acquisition units, flight termination receivers, telemetry transmitters, and others. The data acquisition unit segment is expected to retain its dominance over the market during the review period and account for the largest market share. The applications of aerospace and defense telemetry systems are found in aircraft, spacecraft, UAVs, missiles, guided weapons, and others. The aircraft segment is expected to acquire the maximum market share over the review period, owing to the various applications of aerospace and defense telemetry systems in aircraft.
Regional Analysis
The geographical analysis of the global aerospace and defense telemetry market has been conducted in the Asia Pacific, North America, Europe, and the rest of the world (including the Middle East and Africa and Latin America).
North America is assessed as the largest regional market for aerospace and defense telemetry systems and is expected to acquire the largest market share over the assessment period. This growth is attributed to the higher aerospace and defense budgets, especially in developed countries such as the US and Canada. The strong demand for telemetry systems, along with the investments towards research and development activities for technological advancements, is also expected to contribute substantially towards the market growth.
The Asia Pacific is presently behind North America and Europe in terms of market share but is considered as one of the major regional markets for aerospace and defense telemetry systems. It is also expected to witness the highest growth over the review period. The market growth in the Asia Pacific is driven by the increasing demand for aerospace and defense applications in the region, especially from emerging economies such as China, India, and Japan. Other nations such as Indonesia, Malaysia, Taiwan and Thailand, and are expected to witness promising growth over the forecast period. The increasing aerospace and defense expenditure from Asia Pacific countries, along with the growing border threats, have risen the need and demand for aerospace and defense telemetry systems and are consequential to market growth over the review period.
Table of Contents
1. Introduction
1.1 Report Description
1.2 Research Objective
2. Executive Summary
2.1 Key Findings / Highlights
2.1.1 Investment Opportunities
2.1.2 Market Startegies
2.1.3 Latest Developments
3. Scope of the Study
3.1 Markets Covered
3.2 Years Considered for the Study (2016-2021)
3.2 Geographic Scope
3.3 Key Stakeholders
4. Assumptions and Limitations
Continued…….
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List of Tables
Table 1 Global Aerospace and Defense Telemetry Market, by Region, 2018-2023
Table 2 North America: Aerospace and Defense Telemetry Market, by Country, 2018-2023
Table 3 Europe: Aerospace and Defense Telemetry Market, by Country, 2018-2023
Table 4 Asia-pacific: Aerospace and Defense Telemetry Market, by Country, 2018-2023
Table 5 Rest of the World: Aerospace and Defense Telemetry Market, by Region, 2018-2023
Table 6 Global Aerospace and Defense Telemetry Equipment Market, by Region, 2018-2023
Continued…….
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