Market Research Report
Aerospace and Defense Telemetry Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024
|Published by||IMARC Services Private Limited||Product code||907559|
|Published||Content info||104 Pages
Delivery time: 2-3 business days
|Aerospace and Defense Telemetry Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024|
|Published: August 18, 2019||Content info: 104 Pages||
The global aerospace and defense telemetry market was worth US$ 16.2 Billion in 2018. Telemetry is a highly automated communication process which collects statistical data from remote locations and transmits it to the receiving equipment for monitoring, recording and analyzing purposes. This data is generally converted into a specific electrical voltage and then communicated via GSM, audio, ultrasonic, infrared or satellite signals depending on the area of application. Furthermore, telemetry relies on tactical meteorological systems to offer information that determines weather conditions before and during flight operations. As it provides reliable and long-range wireless communication to and from an aerial vehicle, it is widely used in the aerospace and defense sector worldwide.
Telemetry systems are utilized in the aerospace industry for measuring meteorological data including humidity, temperature and barometric pressure and transmitting this data to an earth station. Apart from this, modern telemetry systems are relatively more complex in nature when compared with conventional variants, which makes them harder to hack. Moreover, the increasing use of telemetry systems in military applications including intercepted telemetry in aircrafts, UAVs, guided missiles, marine ships, land systems and armored vehicles, is further fueling their demand. The rising usage of these systems in the defense sector is also supported by factors such as increasing terrorist attacks and border security concerns as well as the growing defense spending by governments in numerous countries. Apart from this, with technological advancements, telemetry systems are being used in biomedical research, oceanography, mechanical engineering, remote observation of radioactive materials and rocket-motor testing, which is further driving the market growth. Looking forward, IMARC Group expects the market to reach a value of US$ 18.5 Billion by 2024, registering a CAGR of 2.2% during 2019-2024.