The Telemetry Market is estimated to be $72.42 Billion in 2014 and is expected to register a CAGR of 7.31% to reach $103.42 Billion by 2019. Healthcare telemetry is expected at a CAGR of 9.24% in the forecast period. Retail telemetry will have a small market, but will continue to grow, despite irregular global economic trends. Africa will maintain consistent levels of growth in their wildlife telemetry segment.
According to the new report the "Global Telemetry Market by Application (Healthcare, Vehicle, Automation, Energy & Utilities, Wildlife, Agriculture, and Retail) & by Geography (Africa, Asia-Pacific, Europe, Latin America, North America, and the Middle East) - Forecast Analysis (2014 - 2019)", published by MarketsandMarkets, the Global Telemetry Market is estimated to be$72.42 Billion in 2014 and is expected to register a CAGR of 7.31% to reach $103.42 Billion by 2019.
Browse more than 65 market data tables with 19 figures spread through 156 pages and in-depth TOC on "Global Telemetry Market"
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The report provides market analysis of the global telemetry market over the next five 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 i.e. 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. Austerity due to risky exposure and awareness, are said to continue at least till 2016 in two emerging eastern markets of Chinaand India respectively. 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 like Australia, Brazil, South Africa and UAE. The current trend of the market is its transition towards faster and efficient systems. The market requires more consolidation of telemetry equipment across all segments to gain competitive advantage.
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Healthcare systems will have the highest CAGR across all segments and will account for 30% of the market share in the forecast period. 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.
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