The telemetry global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Telemetry Market, 2024 report by The Business Research Company offers
comprehensive insights into the current state of the market and highlights
future growth opportunities.
Market Size -
The telemetry market size has grown rapidly in recent years. It will grow from
$268.54 billion in 2023 to $297.19 billion in 2024 at a compound annual growth
rate (CAGR) of 10.7%. The growth in the historic period can be
attributed to operational efficiency and safety, regulatory requirements,
automotive and transportation, oil and gas industry adoption, aerospace and
aviation..
The telemetry market size is expected to see rapid growth in the next few
years. It will grow to $470.97 billion in 2028 at a compound annual growth rate
(CAGR) of 12.2%. The growth in the
forecast period can be attributed to rapid iot expansion, 5g and connectivity
advancements,remote monitoring demand, data-driven decision-making, predictive
maintenance adoption.. Major trends in the forecast period include
industry-specific applications, security and data privacy, rise of edge
computing, environmental monitoring, smart cities and infrastructure..
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Scope Of Telemetry Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Market Drivers -
The rising cardiovascular cases and associated mortality are expected to propel
the growth of the telemetry market going forward. Cardiovascular is related to
or involving the heart and blood vessels. A cardiac telemetry unit involves
several patient rooms with vital sign monitors that will continuously transmit
data, such as the heart rate, breathing, and blood pressure, to a nearby
location. For instance, in December 2022, according to the American College of
Cardiology, a US-based non-profit organization, In 2021, there were
approximately 1.87 million cardiovascular-related deaths worldwide,
representing 3.47 million deaths in total (with a 95% confidence interval of
1.44-2.34 million for cardiovascular deaths and 2.93-4.00 million for total
deaths). Therefore, the rising
cardiovascular cases and associated mortality are driving the telemetry market
growth.
Market Trends -
Product innovations have emerged as the key trend gaining popularity in the 5G
chipset market. The major players in the market are developing innovative
products for market growth. For instance, in June 2021, Samsung Electronics, a
South Korea-based electronics company, developed 3GPP Rel.16 compliant
chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G
technologies. The new chipsets consist of a second-generation 5G modem
System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated
Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These
are designed to increase power efficiency, boost performance, and reduce the
size of 5G solutions.
The telemetry market covered in this report is segmented –
1) By Sensors Components: Pressure Sensors, Position Sensors, Vehicle Dynamics
Sensors, Torque Sensors, GPS Sensors, Temperature Sensors, Vibration Sensors,
Weather Prediction Sensors, Strain Gauge Sensors, Voltage Sensors, Load Cells
Sensors, Resistance Sensors, Current Sensors, Magnetic RPM Sensors,
Displacement Sensors, Optic RPM Sensors
2) By Components Type: Hardware, Software
3) By Technology Types: Wire-Link, Wireless Telemetry System, Data Loggers,
Acoustic Telemetry, Digital Telemetry
4) By Application Type: Healthcare, Consumer, Aerospace And Defense, Industry
And Automation, Agriculture And Wildlife, Logistics And Transportation, Marine
And Oceanography, Energy And Power, Oil And Gas, Hydrography
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Regional Insights -
North America was the largest region in the telemetry market in 2023.
Asia-Pacific is expected to be the fastest-growing region in the forecast
period. The regions covered in the telemetry market report are Asia-Pacific,
Western Europe, Eastern Europe, North America, South America, Middle East,
Africa
Key Companies -
Major companies operating in the telemetry market report are BAE Systems plc,
Lockheed Martin Corporation, L3Harris Technologies Inc. (formerly L3
Technologies Inc. ), Safran S. A., Cobham plc, Honeywell International Inc.,
Thales Group, Orbit Communication Systems Ltd., Dassault Aviation SA,
Curtiss-Wright Corporation, Raytheon Technologies Corporation, AstroNova Inc.,
Leonardo S. p. A., General Dynamics Corporation, Northrop Grumman Corporation,
General Electric Company, Maxar Technologies Inc., RUAG International Holding
AG, Advantech Co. Ltd., Digi International Inc., Eurotech S. p. A., Gilat
Satellite Networks Ltd., Kongsberg Gruppen ASA, Rockwell Collins Inc., Sierra
Wireless Inc., Textron Systems Corporation, Trimble Inc., VectorNav
Technologies LLC, Xylem Inc., Zebra Technologies Corporation, ABB Ltd., Emerson
Electric Co., Schneider Electric SE, Siemens AG, Yokogawa Electric Corporation
Table of Contents
1. Executive Summary
2. Telemetry Market Report Structure
3. Telemetry Market Trends And Strategies
4. Telemetry Market – Macro Economic Scenario
5. Telemetry Market Size And Growth
…..
27. Telemetry Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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