Telemetry Trends and Forecast
The future of the global telemetry market looks promising with opportunities in the healthcare, consumer, aerospace & defense, industry & automation, logistic & transportation, marine & oceanography, energy & power, oil & gas, and hydrography markets. The global telemetry market is expected to reach an estimated $431.7 billion by 2030 with a CAGR of 10.5% from 2024 to 2030. The major drivers for this market are increase in industrial automation, growing demand for remote monitoring and control across industries, and expansion of smart cities.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Telemetry by Segment
The study includes a forecast for the global telemetry by technology, application, and region.
Telemetry Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Wire-Link
• Wireless Telemetry Systems
• Data Loggers
• Acoustic Telemetry
• Digital Telemetry
Telemetry Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Healthcare
• Consumer
• Aerospace & Defense
• Industry & Automation
• Logistics & Transportation
• Marine & Oceanography
• Energy & Power
• Oil & Gas
• Hydrography
• Others
Telemetry Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Telemetry Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies telemetry companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the telemetry companies profiled in this report include-
• Cobham
• L3Harris Technologies
• Siemens
• AstroNova
• General Electric
• Honeywell International
• International Business Machines
• Koninklijke Philips
• Rogers Communications
• Schneider Electric
Telemetry Market Insights
Lucintel forecasts that wireless telemetry system will remain the largest segment over the forecast period due to growing application of portable devices for data collection, transportation, and storage in the commercial and defense sectors.
Within this market, oil & gas will remain the largest segment due to rising demand for telemetry systems in this sector to monitor offshore rigs and gas leak detection.
North America will remain the largest region over the forecast period due to increasing prevalence of cardiovascular disease, expanding adoption of IoT and connected devices, and rising investments in aerospace and defense technologies in the region.
Features of the Global Telemetry Market
Market Size Estimates: Telemetry market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Telemetry market size by technology, application, and region in terms of value ($B).
Regional Analysis: Telemetry market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different technologies, applications, and regions for the telemetry market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the telemetry market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the telemetry market size?
Answer: The global telemetry market is expected to reach an estimated $431.7 billion by 2030.
Q2. What is the growth forecast for telemetry market?
Answer: The global telemetry market is expected to grow with a CAGR of 10.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the telemetry market?
Answer: The major drivers for this market are increase in industrial automation, growing demand for remote monitoring and control across industries, and expansion of smart cities.
Q4. What are the major segments for telemetry market?
Answer: The future of the telemetry market looks promising with opportunities in the healthcare, consumer, aerospace & defense, industry & automation, logistic & transportation, marine & oceanography, energy & power, oil & gas, and hydrography markets.
Q5. Who are the key telemetry market companies?
Answer: Some of the key telemetry companies are as follows:
• Cobham
• L3Harris Technologies
• Siemens
• AstroNova
• General Electric
• Honeywell International
• International Business Machines
• Koninklijke Philips
• Rogers Communications
• Schneider Electric
Q6. Which telemetry market segment will be the largest in future?
Answer: Lucintel forecasts that wireless telemetry system will remain the largest segment over the forecast period due to growing application of portable devices for data collection, transportation, and storage in the commercial and defense sectors.
Q7. In telemetry market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to increasing prevalence of cardiovascular disease, expanding adoption of IoT and connected devices, and rising investments in aerospace and defense technologies in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the telemetry market by technology (wire-link, wireless telemetry systems, data loggers, acoustic telemetry, and digital telemetry), application (healthcare, consumer, aerospace & defense, industry & automation, logistics & transportation, marine & oceanography, energy & power, oil & gas, hydrography, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Telemetry Market, Telemetry Market Size, Telemetry Market Growth, Telemetry Market Analysis, Telemetry Market Report, Telemetry Market Share, Telemetry Market Trends, Telemetry Market Forecast, Telemetry Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.