Aerospace And Defense Telemetry Market Report 2022, Industry Overview, Growth Rate and Forecast 2027

The global aerospace and defense telemetry market reached a value of US$ 18.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 23.3 Billion by 2027, exhibiting a CAGR of 4.7% during 2022-2027.

COVID-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Telemetry is the automated procedure that is used for the wireless transmission of measurements to a command station from a remote object. It is utilized in the medical, industrial, entertainment, aerospace and defense sectors. Amongst these, in the field of aerospace, telemetry is used in space exploration, flight testing and rocketry for real-time monitoring of environmental conditions in flying objects. The data obtained by a telemetry system is vital for the success of any aeronautical research project.

Furthermore, in the defense sector, these solutions are used for recording data during captive carry flights and communicating data from the missile to the data collection ground station through a radio link. Some of the components used in a typical telemetry system include a power supply unit, radar transponder, FM transmitter, antennas, thermal battery, master control unit, flight termination receiver/decoder, signal conditioning unit, and mechanical housing.

List of Major Key Players:

The major players in the market are BAE SYSTEMS PLC ORD 2.5P (BA.L), Lockheed Martin Corporation (LMT), L3Harris Technologies, Inc. (LHX), Safran SA, COBHAM PLC ORD 2.5P (COB.L), Honeywell International Inc, Thales Group, Kongsberg Gruppen ASA, Orbit Communications Systems Ltd., Dassault Aviation SA, Curtiss-Wright Corporation, Leonardo S.p.A., Raytheon Company, and AstroNova, Inc.

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Global Aerospace and Defense Telemetry Market Trends:

Over the past few years, satellite telemetry has gained popularity across the globe as it plays a crucial role in military test missions. Also, the increasing penetration of smart weapons and unmanned aerial vehicles (UAVs) is contributing to the escalating demand for these systems. Besides this, the emergence of Industry 4.0 technologies has led to the development of new cost-effective products and services that help in transforming the existing telemetry systems into smart alternatives with better connectivity and sensors.

The advent of these technologies, coupled with the increasing number of space-exploration projects, has prompted industry players to provide effective and high-quality systems for the aerospace sector. For instance, in 2018, the UK-based defense, aerospace and security company, BAE Systems, signed a memorandum of understanding (MoU) to provide two Tracking, Telemetry and Command Processor (TTCP) systems to the UK-based satellite earth receiving station, Goonhilly Earth Station (GES), at Farnborough International Airshow. The TTCP offers uplink and downlink services that will enable the organization to track and communicate with several spacecraft, including future robotic and manned missions to Mars and the Moon.

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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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