Aerospace and Defense Telemetry Market is estimated to be US$ 4.2 billion by 2032; Growth in Airspace Modernization Programs Foster the Industrial Progress.

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Published Date: April 2023

Aerospace and Defense include satellites or commercial aircraft. Aerospace and Defense Telemetry is the collection of statistical data that is used from remote locations to track moving objects and collect data provided by sensors and instruments on test objects. Satellite telemetry is widely used for military and defense applications. Further, the United States has established the "Air Force Satellite Control Network" (AFSCN), which operates the USAF (United States Air Force) and DOD satellites.

Growth in defense spending due to increasing terrorist threats, security threats, various border security issues, and volatile relations among nations is expected to fuel the Aerospace and Defense Telemetry market over the forecast period. Further, in February 2022, the United States utilized the "Excess Defense Articles Program" to transfer Mi-17 helicopters to Ukraine.

The report "Aerospace and Defense Telemetry Market, By Type (Radio and Satellite), Application (Aerospace and Defense), By Region (North America, Europe, Asian Pacific, Latin America, and Middle East & Africa) – Trends, Analysis, and Forecast till 2032."

Key Highlights:

Honeywell launched two new navigation systems, the "Honeywell Compact Inertial Navigation System" and the "Honeywell Radar Velocity System," in November 2021. A newly launched system, along with Honeywell partner InfiniDome's Anti-Jamming system, GPS dome is designed for commercial and military customers to provide multiple layers of protection to allow continued operations even in denied environments.
In February 2021, Dynatrace launched version 1.0 of the OpenTelemetry specification, which will help in supporting traces and metrics and ensure a smooth transition from OpenTracing and OpenCensus.

Analyst View:

Rising modernization programs with technological advancement have emerged as a key trend in the popularity of aerospace and defense telemetry. Various manufacturing companies operating in the aerospace and defense telemetry sectors are focused on developing new technology to increase the product's efficiency, safety, capacity, flexibility, and predictability and establish a position in the market. Increasing terrorist threats and growth in defense spending are expected to fuel demand for the Aerospace and Defense Telemetry market over the forecast period.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on "Aerospace and Defense Telemetry Market, By Type (Radio and Satellite), Application (Aerospace and Defense), By Region (North America, Europe, Asian Pacific, Latin America, and Middle East & Africa) – Trends, Analysis, and Forecast till 2032."

Key Market Insights from the report:

Aerospace and Defense Telemetry Market accounted for US$ 1.6 billion in 2022 and is estimated to be US$ 4.2 billion by 2032 and is anticipated to register a CAGR of 9.4%. The Aerospace and Defense Telemetry Market is segmented based on Type, Application, and Region.

Based on Type, Aerospace and Defense Telemetry Market is segmented into Radio and Satellite.
Based on Application, Aerospace and Defense Telemetry Market is segmented into Aerospace and Defense.
By Region, the Aerospace and Defense Telemetry Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Competitive Landscape & their strategies of Aerospace and Defense Telemetry Market:

The prominent Aerospace and Defense Telemetry Market players include BAE Systems plc, Honeywell International Inc., Lockheed Martin Corporation, L3 Technologies, Inc., Safran (ZODIAC Aerospace), Cobham PLC, Thales Group, Kongsberg Gruppen, Orbit Communications Systems Ltd., and AstroNova Inc.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends, which will help companies enlarge their businesses and promote financial growth. Furthermore, the report exhibits dynamic factors, including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, partnerships, and regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter's five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period