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Aerospace & Defense Telemetry Market Size
Aerospace & Defense Telemetry Market size was valued at over USD 1.5 billion in 2022. The market is anticipated to grow at a CAGR of 7% between 2023 and 2032 owing to the expanding industrial & manufacturing sectors. The growing adoption of unmanned systems including UAVs and autonomous vehicles is driving the demand for telemetry solutions. These systems often operate remotely and require reliable communication links for control, data transmission, and situational awareness. Telemetry systems enable operators to remotely monitor & control such unmanned systems, facilitating applications in reconnaissance, surveillance, agriculture, and disaster response.
Aerospace & defense telemetry involves the wireless transmission of data from aircraft, spacecraft, or military systems to ground stations. It enables real-time monitoring, control, and analysis of critical parameters for mission success, safety & performance optimization.
The aerospace and defense industries are subject to stringent regulations & standards imposed by national and international authorities. Compliance with these regulations can be challenging and time-consuming, impacting the development & deployment of telemetry systems. Meeting regulatory requirements often requires additional resources and can lead to project delays.
Who are the key aerospace & defense telemetry industry players?
Airbus, BAE Systems, Cobham Aerospace Communications, Collins Aerospace, Curtis wright Corporation, General Dynamics Corporation, Honeywell International Inc., and JDA Systems are some of the major aerospace & defense telemetry companies worldwide.
What factors are influencing the aerospace & defense telemetry market growth in North America?
North America registered 35% revenue share of the aerospace & defense telemetry in 2022 and is expected to garner significant CAGR from 2023-2032 owing to the well-established defense industries across the region.
Why is the demand for aerospace & defense telemetry receiver growing?
Aerospace & defense telemetry market size from the receiver component segment will witness 6% CAGR from 2023-2032 on account of its real-time processing capabilities.
How big is the aerospace & defense telemetry industry?
Market size for aerospace & defense telemetry was valued at USD 1.5 billion in 2022 and will register 7% CAGR from 2023-2032 due to the expanding industrial & manufacturing sectors worldwide.