Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 8.72 Billion | USD 13.02 Billion | CAGR at 4.10% | 2023 |
According to the report published by Zion Market Research, the global Airborne Telemetry Market size was valued at USD 8.72 Billion in 2023 and is predicted to reach USD 13.02 Billion by the end of 2032. The market is expected to grow with a CAGR of 4.10% during the forecast period. The report analyzes the global Airborne Telemetry Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Airborne Telemetry Market industry.
The airborne telemetry is the use of the automated communication processes for the measurement and collection of data from inaccessible or remote areas and then transmitting it to equipment where the data can be monitored. The airborne telemetry market is indeed helping the nations capture most of the data in order to protect the homeland from disastrous attacks or natural calamities. The applications of the telemetry in the field of metrology, navigation, communication, military intelligence, flight testing, rocketry, space science, transportation, oil and gas industry, medical and healthcare, resource distribution, agriculture and energy monitoring are boosting its demand in the global market.
The major drive in the growth and development of the airborne telemetry market is basically due to the increased use of cloud computing. The other factors which also contribute to the further airborne telemetry market growth are increased R&D spending on technological advancements for defense purpose, network-centric military communication growth, and increased demand for unmanned aerial vehicles. At the same time, the telemetry market can be restrained due to the cut in the budgets of the defense.
The airborne telemetry market is bifurcated into different segments based on the Technology, Component, Sensor, Platform, Application and region.
On the basis of Technology, the market is divided into Wired, Wireless.
On the basis of Component, the market is divided into Receiver, Transmitter, Antenna.
On the basis of Sensor, the market is divided into GPS, Load Cell, Torque, Weather Prediction.
On the basis of Platform, the market is divided into Fixed Wing, Rotary Wing, Unmanned Aerial Vehicle, Parachute.
On the basis of Application, the market is divided into Short Range Radio Telemetry, Microwave Telemetry
Furthermore, the airborne telemetry is subdivided into wireless, wired, receiver, transmitter, antenna, load cell, torque, weather prediction, parachute, and GPS. Of all these, the load cell, parachute, and wireless segments of the airborne telemetry market are anticipated to be the highest growth experiencing segments in the global market in future.
Report Attributes | Report Details |
---|---|
Report Name | Airborne Telemetry Market Research Report |
Market Size in 2023 | USD 8.72 Billion |
Market Forecast in 2032 | USD 13.02 Billion |
Growth Rate | CAGR of 4.10% |
Number of Pages | 201 |
Key Companies Covered | Honeywell International, BAE Systems plc and Rockwell Collins, Inc. Other major players in the global market are Cobham plc and L-3 Communications Holdings, Inc. |
Segments Covered | By Technology, By Component, By Sensor, By Platform, By Application and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is considered to show the highest growth in the airborne telemetry market. Countries such as China, Japan and India are investing in the network-centric solutions in order strengthen their defense communication systems that are rising rapidly due to the regional conflicts. China and India are excelling in the field of development or building of advanced aircraft whereas the Vietnam and Philippines are building modern communication systems for the security of their homeland. Thus, based on these advancements in the field of aircraft, the demand for airborne telemetry systems is anticipated to increase at a faster phase in the regions of Asia Pacific. Thus, the excessive demand for the aircraft systems has set Asia Pacific on the top scale in the expanding airborne telemetry market.
The key players in the global airborne telemetry market are:
Other major players in the global market are
By Technology
By Component
By Sensor
By Platform
By Application
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