According to the new market research report the "Telemetry Market in Aerospace & Defense (Radio Telemetry, Satellite Telemetry) - Forecast Analysis to 2014 - 2019", provides details on their financial positions, key products, their unique selling points, and key developments. This research report also segments the market on the basis of telemetry applications, region, country, forecasting revenues, market share, and analyzing trends in each of the sub-sectors.
Browse more than 64 market data tables with 62 figures spread through 157 pages and in-depth TOC on "Telemetry Market in Aerospace & Defense (Radio Telemetry, Satellite Telemetry) - Forecast Analysis to 2014 - 2019".
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The global Telemetry Market in A&D is estimated to be $17.01 Billion in 2014 and is expected to register a CAGR of 1.73% to reach $18.53 Billion by 2019.
The continued requirement for integrated solutions will drive the telemetry market. Joint ventures have played a significant role in winning contracts across the defense industry. Austerity leading to defense budget-cuts will continue till 2016 in U.K. and the U.S. The primary market players are from the U.S. and Europe; these players have the technical know-how and now look towards emerging economies. Transitioning markets include most of the major emerging countries such as China, India,Israel, Australia, and Brazil. The current trend of the market is its transition towards efficient and low-cost telemetry systems. The market requires more consolidation and integration of telemetry systems across all platforms to garner a competitive advantage.
The global aerospace & defense telemetry market is estimated to be $17.01 billion in 2014 and is expected to register a CAGR of 1.73% to reach $18.53 billion in 2019. The key growth regions will be the Middle East and Asia-Pacific. Russia, India, Brazil, and South Africa will observe consistent levels of growth.
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There is a slight decline in the global share of advanced markets. The decline is not attributed to a reduction in western telemetry expenditure, but significant investment growth in most of the emerging markets.
There will be an increasing demand in UAVs, sensors, and mobility solutions.
Spacecraft hardware will be a key area for growth in this market. As computers become more advanced, the technology needed to make them more efficient, faster, and resistant to the environment becomes less expensive. The defense industry can expect telemetry systems to become smaller and less expensive.
Digital maps in this market also play a significant role, which allow visualization of vehicle positions and traces. Communication with the Fleet Communication System (FCS) is realized by trunked radio, cellular, or satellite communication. Telemetry technology is used extensively in FCS.
The global telemetry market research report categorizes the global market on the basis of application sectors, geography, and by country, along with forecasting revenues, market share, and analyzing trends in each of the sub sectors. Aerospace & defense telemetry is sub-segmented into Aerospace & Defense, and market revenues are calculated with respect to each region. The typical lifecycle of an aerospace & defense telemetry system is 10 to 12 years. Software and hardware updates take place midlife. Software and hardware updates do not occur in isolation and are interdependent. The research and development process generally consumes about three to four years.
The future of telemetry systems will be dominated by remote radio telemetry. The common methods in satellite communication for telematics will be based on RF communication infrastructure.
Currently, due to global economic uncertainty, it is imperative that key players in the Asia-Pacific region voice interests and concerns about telemetrics in the aerospace & defense sector. Blue Ocean strategies in this sector will help telemetry grow at a rapid pace. Asia-Pacific countries should focus on growth and direct their region’s economies on a higher trajectory for the long run.
Other technological trends would include integration across all platforms for a seamless net-centric environment, where users will have access to real-time data and better accessibility to ground control stations.
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