Global Aerospace and Defense Telemetry Market Prognosticated To Accrue With A Whooping CAGR by 2023; Asserts MRFR

Pune, India, January, 2019/MRFR Press Release/- Market Research Future published a Cooked Research Report on “Global Aerospace and Defense Telemetry Market Research Report - Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Aerospace and Defense Telemetry Market – Overview

According to a recent study report published by the Market Research Future, the global market of Aerospace and Defense Telemetry will grow at a steady pace over the forecast period. The market is forecasted to witness slow but steady growth by 2023, which will be a surplus growth at a moderate CAGR during the projected period (2018 -2023).

The global aerospace and defense telemetry market is highly competitive. There exists strong rivalry and competition among existing vendors; in terms of cost, product quality, reliability, and market share. To survive and succeed in such an intensely competitive environment, it is crucial for the vendors to provide cost effective and high-quality products and services. The key vendors in the global aerospace and defense telemetry market are BAE Systems, Cobham, Honeywell International, L-3 Communications, and Safran.

Telemetry systems are critical for the aerospace and defense applications and the telemetry market has grown along with the growth in aerospace activities. The application of aerospace telemetry dates to 1930's, when the technology was mainly used for measuring meteorological data such as the barometric pressure, temperature and humidity. Today, these are used for various segments of civil, commercial, government and military applications, ranging from scientific purposes, satellite telemetry to utilization in UAVs and various other military and defense applications.

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The aerospace research, development and production activities have grown in recent times. The civil, commercial as well as the military related research organizations are designing and developing control systems for the aerospace systems, test launch control systems, precision guidance systems, satellite components, communications systems, and others. All such R&D activities have helped the growth of the aerospace industry as well as the telemetry market, as telemetry is an integral and important part of the aerospace industry. Telemetry helps to increase efficiencies and revenues, and also reduces safety risks, product cost and time-to-market. Thus, along with the growth in aerospace R&D activities, there also has been growth in telemetry utilization and telemetry integration for aerospace application, for example, space vehicle missions. There also have been growth in the R&D activities for telemetry parameters in UAVs. UAVs are fitted with various sensors and utilize telemetry systems to transmit raw data from sensors, information from GNSS receiver, and for processing other diagnostics data.       

Satellite telemetry is also being largely used for military and defense applications. For example, the US uses satellite telemetry to provide satellite tracking, telemetry and command to its relevant users through several ground-based antennas that are located at various locations around the world. The US also uses Space-Based Infrared System (SBIRS) reconnaissance satellites, which provides it with the strategic ballistic missile warning capabilities. These systems are further being upgraded with dual band telemetry, tracking and communications capability. The US also has established its Air Force Satellite Control Network (AFSCN) that operates USAF and other DOD satellites, and provides launch and orbit tracking operations during US launches of spacecraft. These systems have also been improved and modernized that insures its operational readiness as needed during war as well.

Key Players

BAE Systems plc (UK), Cobham plc (UK), Curtiss-Wright Corporation (US), Dassault Systèmes SE (France), Honeywell International Inc. (US), Kongsberg Gruppen AS (Norway), L3 Technologies Inc. (US), Leonardo SpA (Italy), Orbit Technologies Ltd. (Israel), Safran SA (France) and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global Aerospace and Defense Telemetry market.

Industry/ Innovation/ Related News:

• December 2018: Telemetry and mission management software company Atmosphere has received an award from NASA for its work on developing interval management with Boeing.


• September 2018: General Dynamics’ Gulfstream Aerospace subsidiary has delivered a telemetry-tailored G550 aircraft to the U.S. Navy.


• February 2018: Orbit Communications Systems announced that an undisclosed Ministry of Defense (MOD) in Asia ordered an aeronautical telemetry system for approximately $5 million.

Segmentation

The global aerospace and defense telemetry market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

• Segmentation by Equipment: Data Acquisition Unit, Telemetry Transmitters, Flight Termination Receivers, and Other Equipment


• Segmentation by Application: Aircraft, Spacecraft, UAVs, and Missiles, Guided Weapons & Others


• Segmentation by Region: North America, Europe, Asia-Pacific and Rest of the Worl

Regional Analysis

The Asia Pacific region is currently behind the North American and the European regions, in terms of aerospace and defense telemetry market, however, it has the highest growth rate among the regions. This has been supported by the rising demand for aerospace and defense applications in the APAC region. The APAC region is already one the major markets worldwide for various aerospace segments and has a growing military strength.

Country such as China, Japan, and India currently lead the aerospace and defense telemetry market in the APAC region and promise for a healthy growth in the future as well. Other countries such as Indonesia, Malaysia, Taiwan and Thailand are also the emerging market for aerospace and defense telemetry systems, and the overall market in the APAC is thus expected to grow rapidly during the forecast period.

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