Market Trends of Aerospace And Defense Telemetry Industry
Satellite Segment Expected to Register the Highest CAGR During the Forecast Period
- Satellite telemetry is crucial for commercial and military flight test missions. These systems help monitor the data collected from onboard instrumentation over an RF link. Real-time data and its analysis is crucial for the test pilots' safety and requires a reliable high throughput link. In November 2022, a weather satellite, Joint Polar Satellite System (JPSS-2), owned by the US National Oceanic and Atmospheric Administration, was launched from the West Coast. Satellite communication is expected to increase significantly due to the increasing use of smart weapons and unmanned aerial vehicles.
- Also, instance such as the launch of 36 satellites inside a single rocket by ISRO (India) in March 2023 is driving the satellite telemetry market's growth during the forecast period. The satellites belong to a UK-based OneWeb satellite communications company, and this is the first commercial mission taken up by ISRO. Various countries, like Iran, have also started exploring the market. In August 2022, Iran launched its first Khayyam satellite, a remote-sensing satellite, and has also received its first telemetry data from the satellite. Such instances are anticipated to supplement the growth of the satellite segment during the forecast period.
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Asia-Pacific is Expected to Witness the Highest Growth
- Asia-Pacific is anticipated to show remarkable growth during the forecast period owing to a consistent surge in satellite demand and high investment in the military & space sectors in this region. Emerging economies in Asia-Pacific, like India, China, and Japan, are investing in modernizing their armed forces. The modernization programs are boosted by the increased defense spending from these countries, which collectively impacts the market's growth.
- Major countries in the region, such as China and India, have been launching satellites for telemetry analysis. In July 2022, China launched a data relay satellite, Tianlian II-03, from the Xichang Satellite Launch Center. It is a second-generation geosynchronous orbit data relay satellite that provides data relay, telemetry, tracking, and command, services for crewed spacecraft and low and middle-orbit resource satellites.
- With new private aerospace startups in the region, the market for telemetry in the Asia-Pacific region is expected to grow during the forecast period. For instance, a Hyderabad-based first private Indian aerospace company Skyroot Aerospace signed up with ISRO and launched its first satellite in November 2022.
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