|07-20-2018 04:52 PM CET - IT, New Media & Software||
Global Telemetry Market worth CAGR of 14.8% | Major Player Are Siemens, GE, Rogers Communications, BMW Group, Philips, Lindsay Corporation, Schneider Electric, Verizon, Honeywell, BioTelemetry, Inc., Schlumberger, Sierra Wireless, IBM,
Press release from: Data Bridge Market Research
Global Telemetry Market By Technology (Wire-Link, Wireless Telemetry, Digital Telemetry, Data Loggers and Acoustic Telemetry), By Component (Telemetry Transmitter, Components of Receiver), By Application (Healthcare/ Medicine, Vehicle Telemetry, Others), By Sensor (optical rpm sensors, vehicle dynamics sensors, position sensors, Others), By Geographical Segments – Industry Trends and Forecast to 2025
The global telemetry market accounted for USD 110.4 billion in 2017 and is projected to grow at a CAGR of 14.8% the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Major market drivers and restraints
• Growing adoption of cloud technologies.
• Integration of smart devices with big data technology.
• Supportive government initiatives paired with growing R&D initiatives.
• Lack of unskilled labor.
• Huge investment and maintenance costs.
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The global telemetry market is based on solutions, services, applications, sensor and geographical segments.
By solutions, the market is segmented into
• wireless telemetry,
• digital telemetry,
• data loggers and
• acoustic telemetry
By services, the market is segmented into
• telemetry transmitter and
• components of receiver
By applications, the market is segmented into
• healthcare/ medicine,
• vehicle telemetry (telematics),
• retail telemetry,
• aerospace and defense,
• logistics and transportation,
• oil & gas,
• energy and power utilities and others
By sensor, the market is segmented into
• optical rpm sensors,
• vehicle dynamics sensors,
• GPS sensors,
• magnetic rpm sensors,
• resistance sensors,
• temperature sensors,
• torque sensors,
• current/voltage sensors,
• position sensors,
• displacement sensors,
• pressure sensors,
• vibration sensors,
• load cell sensors and
• phasor sensors
Based on geography the global telemetry market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
The global telemetry market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of telemetry market for global, Europe, North America, Asia Pacific and South America.
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Top Competitors of Market
• Siemens AG,
• GE Healthcare,
• Astro-Med, Inc.,
• Rogers Communications, Inc.,
• Bayerische Motoren Werke AG (BMW),
• Philips Healthcare,
• Lindsay Corporation,
Schneider Electric, Verizon Communications, Inc., Kongsberg Gruppen, Honeywell International Inc., BioTelemetry, Inc., Schlumberger Ltd., L-3 Communications Holdings Inc., Sierra Wireless, Inc., Cobham Plc., IBM Corp and Finmeccanica SPA among others.
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