Aerospace And Defense Telemetry Industry to See Robust Expansion, Valued at $11.4 Billion by 2029

Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.

What Is the Projected CAGR for the Aerospace And Defense Telemetry Market from 2024 to 2025?
In recent times, the aerospace and defense telemetry market has seen robust growth. It is projected to increase from $8 billion in 2024 to $8.62 billion in 2025, at a compound annual growth rate (CAGR) of 7.7%. The growth during the historical period can be accredited to factors such as geopolitical conflicts, modernization of the military, increases in budget allocations, expansion of the aircraft fleet, and heightened focus on space exploration.

What are the Expected Market Size and CAGR for Aerospace And Defense Telemetry by 2029?
Strong expansion is anticipated in the aerospace and defense telemetry market size in the upcoming years. By 2029, it is projected to reach $11.4 billion with a compound annual growth rate (CAGR) of 7.2%. This projected growth within the forecast period can be tied to several factors such as rising global security threats, increased demand for military UAVs, and an uptick in research and development activities in aerospace and defense telemetry. Emerging trends predicted to shape the market in the forecast period encompass satellite-based telemetry, data analytics and AI integration, miniaturization of telemetry devices, incorporation of Internet of Things (IoT) technologies, and the use of telemetry in hypersonic systems.

Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/aerospace-and-defense-telemetry-global-market-report

Which Factors Are Driving the Global Aerospace And Defense Telemetry Market Expansion?
The surge in national defense budgets worldwide is playing a considerable role in propelling the aerospace and defense telemetry market. The term "defense budget" is related to the expenditure incurred by nations to bolster their defense systems. This surge in spending manifests in heightened buying and upgrading of aerospace and defense telemetry, a vital element in defense information processing. To illustrate, the USFACT report released in August 2024 stated that the U.S. military expended approximately $820.3 billion in 2023, comprising about 13.3% of the total federal budget for that financial year. Also, in March 2023, the Department of Defense (DoD) requested a budget of $842.0 billion for 2024, signifying a 2.6% rise. Therefore, the escalating defense budget is fuelling the growth of the aerospace and defense market.

Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7289&type=smp

Which Segment Currently Holds the Largest Share of the Aerospace And Defense Telemetry Market?
The aerospace and defense telemetry market covered in this report is segmented -

1) By Type: Radio, Satellite
2) By Equipment: Data Acquisition Unit, Telemetry Transmitters, Flight Terminator Receivers
3) By Component: Control device, Display, Recorder, Sensors, Transmitter
4) By Application: Aircraft, Spacecraft, Unmanned Aerial Vehicle (UAVs), Others Applications

Subsegments:
1) By Radio Telemetry: Analog Radio Telemetry, Digital Radio Telemetry, Frequency Modulated (FM) Telemetry, Pulse Code Modulated (PCM) Telemetry
2) By Satellite Telemetry: Low Earth Orbit (LEO) Telemetry, Medium Earth Orbit (MEO) Telemetry, Geostationary Orbit (GEO) Telemetry, Iridium Satellite Telemetry, Others

Which Major Trends Are Shaping the Future of the Aerospace And Defense Telemetry Industry?
The rise in technological progression is now a notable trend that is gathering traction in the aerospace and defense telemetry markets. Predominant corporations in these markets are making substantial efforts to innovate new technologies to maintain their status quo. For instance, a technology firm from the US, Dynatrace, in February 2022, inaugurated the v1.0 of the OpenTelemetry specification. This inauguration was built upon Dynatrace's distributed tracing technology, aiding in the support of traces and metrics, which facilitates a seamless shift from OpenTracing and OpenCensus.

Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=7289&type=smp

Which Key Players Dominate the Aerospace And Defense Telemetry Industry Globally?
Major companies operating in the aerospace and defense telemetry market include BAE Systems, Lockheed Martin Corporation, L3 Technologies, Safran Spa, Cobham Limited, Honeywell Corporation, Thales Group, Orbit Communications Systems Ltd., Dassault Aviation SA, Curtiss-Wright Corporation, RTX Corporation, AstroNova Inc., Leonardo Corporation, General Dynamics Corp, Northrop Grumman Corporation, Maxar Technologies Inc., Teledyne Technologies Incorporated, Moog Inc., Ultra Electronics Holdings plc, Kongsberg Gruppen, Kratos Defense & Security Solutions Inc., Mercury Systems Inc., QinetiQ Group plc, RADA Electronic Industries Ltd., Sierra Nevada Corporation, Textron Systems Corporation, Transdigm Group Incorporated, ViaSat Inc., Z Microsystems Inc., DRS Technologies Inc., Esterline Technologies Corporation

What Are the Fastest-Growing Regions in the Aerospace And Defense Telemetry Market?
North America was the largest region in the aerospace and defense telemetry market in 2024. Middle East and Africa are expected to be the fastest-growing regions in the aerospace and defense telemetry market share during the forecast period. The regions covered in the aerospace and defense telemetry market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.