Telemetry Global Market Report 2024

Telemetry is the automated process of measuring and wirelessly transmitting data from distant sources. In the health and medical sectors, it is utilized as WMTS (wireless medical telemetry services) to assess various patient health parameters. Sensors positioned at the source measure either electrical data, such as voltage or current, or physical data, such as temperature or pressure. These measurements are converted into specific electrical voltages. A multiplexer then combines these voltages, along with timing data, into a unified data stream for transmission to a remote receiver.

Telemetry employs a range of sensors, including pressure sensors, position sensors, vehicle dynamics sensors, torque sensors, GPS sensors, temperature sensors, vibration sensors, weather prediction sensors, strain gauge sensors, voltage sensors, load cell sensors, resistance sensors, current sensors, magnetic RPM sensors, displacement sensors, and optic RPM sensors. Pressure sensors, for instance, gauge pressure in gases or liquids. The components involved in telemetry include both hardware and software. Technologies encompass wire-link, wireless telemetry systems, data loggers, acoustic telemetry, and digital telemetry. Various applications of telemetry span healthcare, consumer products, aerospace and defense, industry and automation, agriculture and wildlife monitoring, logistics and transportation, marine and oceanography, energy and power, oil and gas exploration, and hydrography.

The telemetry market research report is one of a series of new reports that provides telemetry market statistics, including telemetry industry global market size, regional shares, competitors with a telemetry market share, detailed telemetry market segments, market trends, and opportunities, and any further data you may need to thrive in the telemetry industry. This telemetry market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

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 observed in the historical period can be attributed to factors such as improved operational efficiency and safety, adherence to regulatory requirements, increased adoption in the automotive and transportation sectors, and the integration of technology in the oil and gas industry, as well as advancements in the aerospace and aviation sectors.

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 anticipated growth in the forecast period can be ascribed to the rapid expansion of the Internet of Things (IoT), advancements in 5G and connectivity, increasing demand for remote monitoring, the emphasis on data-driven decision-making, and the widespread adoption of predictive maintenance. Major trends expected during this period encompass industry-specific applications, heightened focus on security and data privacy, the rise of edge computing, a growing interest in environmental monitoring, and the development of smart cities and infrastructure.

The telemetry market is anticipated to witness growth due to the increasing incidence of cardiovascular cases and associated mortality. Cardiovascular conditions, involving the heart and blood vessels, have prompted the demand for cardiac telemetry units. These units consist of patient rooms equipped with vital sign monitors that continuously transmit essential data like heart rate, breathing, and blood pressure to a central location. For instance, as reported by the American College of Cardiology in December 2022, the year 2021 saw approximately 1.87 million cardiovascular-related deaths globally, contributing to a total of 3.47 million deaths. This rise in cardiovascular cases and related mortality is a significant driver for the growth of the telemetry market.

The telemetry market is expected to benefit from the expanding automotive industry. The automotive sector, covering various businesses engaged in vehicle design, development, production, and modification, relies on telemetry for real-time data and insights. This data is crucial for enhancing vehicle performance, ensuring driver safety, and managing fleets effectively. For example, Statistics Canada reported in August 2023 that the total vehicle registrations in Canada increased by 1.9% to reach 26.2 million in 2021 compared to the previous year. This upward trend in the automotive industry is contributing to the growth of the telemetry market.

A prominent trend in the telemetry market is the focus on product innovation by major companies. These companies are dedicated to developing advanced technological solutions to strengthen their market position. In February 2021, Lindsay Corporation, a U. S. -based telemetry company, introduced RoadConnect, a cloud-based remote asset monitoring platform tailored for the transportation industry. This platform allows Departments of Transportation (DOTs) to monitor and maintain a variety of roadside assets, including crash cushions and guardrails, in real-time, resulting in improved operational efficiency and road safety.

Major companies in the telemetry market are also emphasizing the introduction of telemetry platforms to gain a competitive edge. Circonus Telemetry Cloud is an example of an all-in-one observability platform that provides comprehensive monitoring and analysis of an enterprise's systems and applications. Launched by Circonus in August 2023, this platform integrates telemetry data intake, visualization, analytics, and storage, catering to enterprises of various sizes and addressing the growing demand for telemetry.

In February 2023, Delta Information Systems Inc., a U. S. -based company, acquired Telemetry and Communications Systems Inc. This strategic acquisition is expected to expand Delta Information Systems Inc. 's solutions for the aerospace and defense sectors, enhancing its presence in the telemetry market. Telemetry and Communications Systems Inc., a U. S. -based communications equipment company, specializes in designing and manufacturing telemetry and communication systems for the aerospace and defense industries.

Major companies operating in the 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

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

The countries covered in the telemetry market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The telemetry market consists of revenues earned by entities by providing telemetry components such as transducers and transmission medium. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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