Global Telemetry Market worth $243 Billion by 2020, According to a New Study on ASDReports

Friday 13 February 2015, Amsterdam

According to a new market research report, now available on ASDReports, "Global Telemetry Market by Application (Healthcare, Telematics, Energy Utilities, Retail, Automation, Logistics, Oil & Gas, Aerospace & Defense, Agriculture, Wildlife, Hydrography, Oceanography), Technology (Wire Link, Wireless, Data Loggers), Sensors, Components, & Geography - Forecasts & Analysis to 2014 - 2020", the total value of global telemetry market is estimated to be $109.54 Billion in 2014, and is expected to reach $243 billion by 2020, registering a CAGR of 14.20%.

The telemetry systems enable transmitting information from one location to another, primarily due to the inaccessibility of the source to be monitored directly. The report provides market analysis of the global telemetry market over the next six years. It contains the analysis of drivers, challenges, and restraints impacting the industry. It also discusses about the industry, market, and technology trends that are currently prevailing in the global telemetry market.

It tracks, analyzes and lays out the market size of the major players in each region and provides market share by sub-category namely, Healthcare, Vehicle, Automation, Energy and Utilities, Agriculture, Wildlife and Retail. It provides information about the leading competitors in the global telemetry market and apart from a general overview of the companies; it also provides details on their financial positions, key products, their unique selling points, and key developments.
This global telemetry market research report categorizes the global market on the basis of telemetry segments, geography, and by country; forecasting revenues, market share, and analyzing trends in each of the application sectors.

The continued requirement for cloud based services, scalability and interoperability will be the driving factors for the global telemetry market. Cross industry collaborations have played a significant role in winning telemetry contracts across the globe. The primary market players are from the United States and Europe; these players have the technical know-how and are now looking towards the emerging economies. Transitioning markets include most of the major emerging countries such as Australia, Brazil, South Africa and UAE. The current trend of the market is its transition towards faster, reliable, cost-efficient systems for real-time data collection.
Healthcare, telematics, energy & utilities, and retail sectors contribute the maximum share to the telemetry systems market. There will be an increasing demand in RFID passive tagging, Fault Management systems, Biotelemetry, Telemedicine, Clinical Monitoring, OPC and embedded device communication and Remote Crop Telemetry. Remote Telemetry will present a large growth area for telemetry technology. The current trends include telemetry use in the lighting management applications, connected cars concept, smart sensors, and smart meters for energy utilization, construction management operations and logistics (tracking and vehicle security) activities.

The telemetry report includes the discussion on key high-growth markets, thereby marking the growth trend for various applications of this market. The report contains the current market trends, competitive scenario, market drivers & restraints, geographic trends, and opportunities in different geographies. China, Brazil, India, South Africa and Mexico are expected to potential markets over the forecast period. The market will observe tremendous growth in radio telemetry, satellite telemetry, and data acquisition systems.

Philips Healthcare, Schneider, Siemens, Honeywell, and GE Healthcare are identifies to be some of the significant market players. The report provides companies’ financial positions, key products, their unique selling points, key developments, and market share.