PURCHASE REPORT
Study Period:
2016-2024
Base Year:
2018
Fastest Growing Market:
Middle East and Africa
Largest Market:
North America
PURCHASE REPORT
Market Overview
The Aerospace and Defense Telemetry market is expected to register a CAGR of 4.72% during the forecast period 2019-2024, to reach a market value of USD 17.29 billion by 2024.
- Growing usage of telemetry in military applications, like intercepted telemetry in guided missiles, land systems, armored vehicles, aircraft, marine ships, and UAVs.
- Increase in defense spending due to various security threats imposed both externally and internally, increasing terrorist threats, the increasing interest of some nations toward world dominance, several border security issues, and volatile relations among nations.
Scope of the Report
Telemetry is the measurement and wireless data transmission of data from remote sources. Sensors measure physical data or electrical data that are converted into specific electrical voltages. Multiplexers combine these voltages with timing data into a single data stream for transmission to a remote receiver. At the reception, the data stream is separated into its original components and the data is displayed and processed according to user specifications.
In this report study, the telemetry system used in the aerospace and defense sector has been studied. The report covers the various market dynamics on a regional and country basis. Aeronautical telemetry is used in military and commercial applications like space exploration, rocketry, and flight testing, to enable real-time monitoring of environmental conditions in flying objects.
Key Market Trends
Satellite Segment projected to grow at a high pace
Satellite telemetry is crucial for commercial as well as military flight test missions. These systems help in monitoring the data which has been collected from onboard instrumentation over an RF link. Real-time data, as well as analysis of the data, has been proved to be crucial for the safety of the test pilots and this requires reliable high throughput link. Satellite communication is expected to witness a significant increase, primarily due to the growth in the usage of smart weapons as well as unmanned aerial vehicles. Also, missions such as the launch of 104 satellites inside a single rocket by ISRO (India) will boost the satellite telemetry market growth during the forecast period.
Asia-Pacific and Middle East & Africa expected to see the highest growth
Currently, North America dominates the aerospace and defense telemetry market, primarily due to high investment in the military and space sectors. However, the growth of the Middle East & Africa and Asia-Pacific region is expected to be more during the forecast period. Political tensions between Gulf countries has forced the countries to increase their defense spending for equipment modernization. Saudi Arabia, Israel, UAE, Qatar are revamping their commercial as well as military aviation sector. Demand for unmanned aerial vehicles is also high in the region. Such developments will generate demand for telemetry system in the region. Emerging economies in Asia-Pacific, like India, China and Japan are investing huge amounts in modernizing their armed forces. The modernization programs are further boosted by the increasing defense spending from these countries, which collectively, has a positive impact on the growth of the market.
Competitive Landscape
The Aerospace and Defense Telemetry market is fragmented with top 5 manufacturers occupying more than 50% of the market share in 2018. The application of telemetry is vast and its use in the field of navigation, communication, military intelligence, rocketry, space science, and flight testing are propelling its demand in the global market. As the players compete to receive contracts, the level of competition is intense. In July 2018, BAE Systems and Goonhilly Earth Station (GES) signed a memorandum of understanding to supply two Tracking, Telemetry and Command Processor (TTCP) systems to GES. The technology will allow GES to communicate and track a wide range of spacecraft including future manned and robotic missions to the Moon and Mars. BAE Systems, L3 Technologies, Lockheed Martin Corporation, and Cobham Plc dominate the market.
Major Players
- BAE Systems plc
- Lockheed Martin Corporation
- L3 Technologies, Inc.
- Safran (ZODIAC Aerospace)
- Cobham PLC
* Complete list of players covered available in the table of contents below
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Table of Contents
- INTRODUCTION
- Study Deliverables
- Study Assumptions
- Scope of the Study
- RESEARCH METHODOLOGY
- EXECUTIVE SUMMARY
- MARKET DYNAMICS
- Market Overview
- Market Drivers
- Market Restraints
- Industry Attractiveness - Porter's Five Force Analysis
- Threat of New Entrants
- Bargaining Power of Buyers/Consumers
- Bargaining Power of Suppliers
- Threat of Substitute Products
- Intensity of Competitive Rivalry
- MARKET SEGMENTATION
- By Type
- Radio
- Satellite
- By Application
- Aerospace
- Defense
- Geography
- North America
- United States
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- South America
- Brazil
- Rest of South America
- Middle East and Africa
- Israel
- Saudi Arabia
- Rest of Middle East and Africa
- North America
- By Type
- COMPETITIVE LANDSCAPE
- Market Share Analysis
- Company Profiles
- BAE Systems plc
- Lockheed Martin Corporation
- L3 Technologies, Inc.
- Safran (ZODIAC Aerospace)
- Cobham PLC
- Honeywell International Inc.
- Thales Group
- Kongsberg Gruppen
- Orbit Communications Systems Ltd
- AstroNova Inc.
- Curtiss-Wright Corporation
- Leonardo SpA
- Raytheon Company
*List Not Exhaustive - MARKET OPPORTUNITIES AND FUTURE TRENDS
