The global Telemetry Market in A&D is estimated to be $17.01 Billion in 2014 and is expected to register a CAGR of 1.73% to reach $18.53 Billion by 2019.
The continued requirement for integrated solutions will drive the telemetry market. Joint ventures have played a significant role in winning contracts across the defense industry. Austerity leading to defense budget-cuts will continue till 2016 in U.K. and the U.S. The primary market players are from the U.S. and Europe; these players have the technical know-how and now look towards emerging economies. Transitioning markets include most of the major emerging countries such as China, India, Israel, Australia, and Brazil. The current trend of the market is its transition towards efficient and low-cost telemetry systems. The market requires more consolidation and integration of telemetry systems across all platforms to garner a competitive advantage.
Africa will apply telemetrics in their mining industry. The North American region will focus on their airborne sub-segment. Airborne telemetry applied in the UAVs and drones in this region are an apt quintessence of their cutting-edge technologies, which make them the market leaders. The Asia-Pacific region will continue to exhibit growth and intrinsic strength in telemetry technologies.
This report provides a market analysis of the global aerospace & defense telemetry market for the next five years. It provides an overview of drivers, challenges, and restraints that impact the industry. It also discusses the industry, market, and technology trends that currently prevail in the global telemetry market. It tracks, analyzes, and lays out the market size of major spenders in each region and provides the market share by sub-category i.e. Aerospace & Defense. The report also analyzes the market share by procurement, integration, and maintenance. It provides information of the leading competitors in the global aerospace & defense telemetry market.