Aerospace and Defense Telemetry Market Highlights
As the investment in R&D to develop control & communications system grows, the Global Aerospace and Defense Telemetry System Market likely to grow with 3% CAGR between 2016 and 2021
Market Research Future (MRFR) has published a report about the global aerospace and defense telemetry system market that envisions expansion for this market with 3% CAGR (Compound Annual Growth Rate) between 2016 and 2021. Analyzing the market structure, this report assesses the future growth potential of the market and assays the scenario of the key players in the market. It also covers the competitive developments such as joint ventures, new product developments, mergers and acquisitions, research and developments (R & D) in the market.
Factors driving the growth of this market include growing demand of radio and satellite-based telemetry for military & defense application, investment in R&D to develop control & communications systems, and utilization of Unmanned Aerial Vehicle (UAV) for remote sensing.
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Key Players
The key players in the global aerospace and defense telemetry system market include BAE Systems (UK), Cobham (UK), Curtiss-Wright (USA), Dassault Aviation (France), Finmeccanica (Italy), Honeywell (USA), Kongsberg Gruppen (Norway), L-3 Communications (USA), Orbit Technologies (India), and Zodiac Aerospace (France).
Latest Industry News
5 SEP 2018 : Cinch Connectivity Solutions, is introducing Dura-Con high-temperature Micro-D rectangular connectors rugged enough for down-hole sensory instrumentation that monitors pressure, telemetry, temperature and vibration in oil and gas applications.
12 SEP 2018 : The European Space Agency (ESA) has awarded a new work order for the Galileo Control Segment to GMV Aerospace and Defense, Spain. This order is regarding the Galileo system to be responsible for the monitoring and control of all the satellites in orbit.
Segmentation and Regional Overview
The global aerospace and defense telemetry system market has been segmented on the basis of application, type and lastly, region. As per application, the market has been segmented into commercial aerospace and defense aerospace. Commercial aerospace is the area in the sky where commercial aircrafts getting business from customers requiring air travel can fly. Defense aerospace is restricted areas where only the aircrafts owned by armed forces can fly, and every other aircraft wishing to pass from this area requires permission from the military. By types, the market has been segmented into radio and satellite.
The regional segmentation of the global aerospace and defense telemetry system market segments the market into regional markets named The Americas (North America & South America), Europe, Asia Pacific, and Middle East & Africa (MEA). Due to technological advancement, high density of population and majority of people preferring flights as a convenient means of traveling, The Americas is the largest market for aerospace and defense telemetry system. As technological advancement is more in North America and many key players in this market are based in the United States of America (USA), North America is a bigger market than South America. Another important country-specific market in North America is Canada. In South America, Brazil is the biggest market (third biggest market after USA and Canada), followed by the remaining countries of North America and South America. By 2021, the CAGR of The Americas market will be 2% whereas, the combined CAGR of Europe and the Asia Pacific by 2021 will be 6%.
After The Americas, Europe is the biggest market as its technological advancement is second only to North America. In Europe, the cream of revenue comes from France, Germany, Italy, Spain, and the United Kingdom (UK), followed by rest of Europe. Although the Asia Pacific is technologically behind North America and Europe, according to the report, Asia Pacific region can witness the highest growth at a rapid pace among all regional markets during the forecast period. The market in this region is expanding due to growing demand for aerospace and defense applications.
The Asia Pacific is already one of the major markets for various aerospace segments and has a growing military strength. The most important country-specific markets in this region are China, India, and Japan. Some of the emerging markets in this region are Indonesia, Malaysia, Taiwan, and Thailand. In the MEA region, the market is limited due to due to lack of awareness, lack of education, lack of technological development, and political instability. The significant country-specific markets that are likely to get a better response than other countries of this region are Israel, Kuwait, and United Arab Emirates (UAE), followed by rest of MEA region.
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Scope Of Report
The market report for GLOBAL AEROSPACE AND DEFENSE TELEMETRY of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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