Telemetry Market: Global Industry Analysis and Forecast (2022-2029)

Telemetry Market was valued at US$ 259.76 Bn. in 2021 and the market size is estimated to grow at a CAGR of 11.2%.
Telemetry Market Overview:
Telemetry is the automatic collection, recording, and transmission of data in the form of measurements or statistical data from remote or inaccessible sources to an IT system from another location for monitoring and analysis. The telemetry data is collected by using radio, infrared, GSM, satellite or cable, and ultrasonic, which is dependent on application. In software development applications, telemetry is used for the detection of bugs and issues and it offers better visibility in performance without feedback from users.

To know about the Research Methodology :- Request Free Sample Report
Telemetry Market Dynamics:
Growing usage of Telemetry devices in the Healthcare Industry
The growing adoption of telemetry devices in the healthcare sector for monitoring cardiac abnormalities is driving the telemetry market growth across the globe. The rising prevalence of cardiovascular diseases (CVDs) across the globe is boosting the demand for telemetry devices. For instance, 0.0179 billion people die each year from CVDs, an estimated 32% of all deaths across the globe. Telemetry devices are highly beneficial for addressing the requirements of patients who are vulnerable to CVDs.

 
High Adoption in Aerospace and Defense Sector
Growing adoption of telemetry devices in military applications, such as intercepted telemetry in guided missiles, armored vehicles, aircraft, marine ships, land systems, and UAVs are driving the telemetry market growth during the forecast period. In addition, increasing expenditure on the defense industry from several governments of countries across the globe is expected to increase the adoption of telemetry devices, which in turn is expected to uplift the telemetry market growth across the globe. For instance, the U.S. has allocated more than the US $ 770 billion to the defense sector in 2021.

The growing demand for cloud computing across several end-use industries such as automation, healthcare, logistics, military intelligence, and aerospace and defense sector is expected to drive the telemetry market during the forecast period. However, high initial investment costs and consumer awareness are expected to hamper the telemetry market growth during the forecast period.


Telemetry Market Segment Analysis:
Based on The Sensor, the Telemetry Market is segmented into Optical RPM Sensors, Position Sensors, and Vehicle Dynamics Sensors. The Optical RPM Sensors segment held the largest market share, accounting for xx% in 2021. The Optical RPM Sensors are used to identify the number of rotations per minute of the object to which it is attached via the use of light. The Growing adoption of this segment in the aerospace and defense sector is primarily driving the telemetry market growth during the forecast period.

Based on The Technology, the Telemetry Market is segmented into Wire-link Technology, Wireless Technology, Digital Telemetry, and Data Loggers & Acoustics. The Wireless Technology segment held the largest market share, accounting for 39% in 2021. The growing use of portable devices in the defense and commercial sector for data collection, transfer, and storage by wireless technology is expected to drive the telemetry market growth for this segment. For instance, the growing adoption of telemetry technology in healthcare systems including wireless cardiac monitors and advanced wireless medical telemetry services are fuelling the product demand for this segment.

Based on The Application, the Telemetry Market is segmented into Automation, Energy Utilities, Oil & Gas, Aerospace & Defense, Healthcare, and others. The Healthcare segment held the largest market share, accounting for 32% in 2021. The segment growth is attributed to increased usages of telemetry devices in the healthcare industry for medical monitoring of biological signals including EEG, EOG, and EKG. The Energy Utilities segment is expected to witness significant growth at a CAGR of xx% during the forecast period. An increase in the use of telemetry sensors for communication between system assembly and power supply devices to find out the consumption of power is driving the telemetry market growth for this segment.
Global Telemetry Market Regional Insights:
North America region held the largest market share accounted for 37.4% in 2021. The region's growth is attributed to rapid automation along with the presence of major manufacturers in the region. North America Automation market was valued at US $ 35.4 billion in 2021, is expected to grow at a CAGR of 4.3% during the forecast period, which shows tremendous growth opportunities for the telemetry market in the automation industry during the forecast period. In addition, favorable government policies, increasing R&D investment, and rising demand for telemetry in various applications, such as connected car concept, lighting management, smart meters for energy utilization, and smart sensors are expected to uplift the telemetry market growth during the forecast period.

Asia Pacific region is expected to witness significant growth at a CAGR of 9.1% during the forecast period. The growing healthcare industry in several countries, such as India, China, and Japan along with the growing adoption of telemetry devices for monitoring purposes is driving the telemetry market growth in the region. In addition, increasing per capita income along with growing government initiatives to develop telemetry infrastructure in the region are expected to fuel the telemetry market growth in the region during the forecast period.

The objective of the report is to present a comprehensive analysis of the market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Telemetry Market dynamic, structure by analyzing the market segments and projecting the Telemetry Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Telemetry Market make the report investor’s guide.
Global Telemetry Market Scope: Inquire before buying



Global Telemetry Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 259.76 Bn.


Forecast Period 2022 to 2029 CAGR:
11.2%
Market Size in 2029:
US $ 607.31 Bn.


 Segments Covered:
by Sensor
• Optical RPM Sensors
• Position Sensors
• Vehicle Dynamics Sensors


by Technology
• Wire-link Technology
• Wireless Technology
• Digital Telemetry
• Data Loggers & Acoustics


by Application
• Automation
• Energy Utilities
• Oil & Gas
• Aerospace & Defense
• Healthcare
• Others



Global Telemetry Market, by Region
• North America
• Europe
• Asia Pacific
• South America
• The Middle East and Africa
Global Telemetry Market Key Players
• KMT GmbH
• PCB Piezotronics Inc.
• TUALCOM
• Schneider Electric
• Philips Healthcare
• GE Healthcare
• Siemens
• Honeywell International Inc.
• Lumistar
• GDP Space Systems
• Omega Engineering
• A1 Falconry UK
• Radio Modules Limited
• RF Monolithics
• Safran Group
• uAvionics
Frequently Asked Questions:
1] What segments are covered in the Telemetry Market report?
Ans. The segments covered in the Telemetry Market report are based on Sensor, Technology, and Application.

2] Which region is expected to hold the highest share in the Telemetry Market?
Ans. The North America region is expected to hold the highest share in the Telemetry Market.

3] What is the market size of the Telemetry Market by 2029?
Ans. The market size of the Telemetry Market by 2029 is US $ 607.31 Bn.

4] What is the forecast period for the Telemetry Market?
Ans. The Forecast period for the Telemetry Market is 2022-2029.

5] What was the market size of the Telemetry Market in 2021?
Ans. The market size of the Telemetry Market in 2021 was US $ 259.76 Bn.