Aerospace And Defense Telemetry Global Market Report 2024

Aerospace and defense telemetry involves the collection of statistical data from remote locations and transmitting it to receiving equipment for monitoring, recording, and analysis. This technology is utilized in complex systems such as missiles, remotely piloted vehicles (RPVs), spacecraft, oil rigs, and chemical plants. It facilitates automatic monitoring, alerting, and record-keeping essential for the efficient and safe operation of these systems.

The primary types of aerospace and defense telemetry markets are radio and satellite. Radio telemetry employs radio signals to locate, track, and determine the location of objects using invisible and silent electromagnetic waves. It is commonly used for tracking animal movement and behavior, involving the transmission of radio signals to locate transmitters attached to the animals of interest. The equipment used in this field includes data acquisition units, telemetry transmitters, and flight terminator receivers. Various components such as control devices, displays, recorders, sensors, and transmitters are employed in aircraft, spacecraft, unmanned aerial vehicles (UAVs), and other aerospace and defense applications.

The aerospace and defense telemetry market research report is one of a series of new reports that provides aerospace and defense telemetry market statistics, including aerospace and defense telemetry industry global market size, regional shares, competitors with an aerospace and defense telemetry market share, detailed aerospace and defense telemetry market segments, market trends and opportunities, and any further data you may need to thrive in the aerospace and defense telemetry industry. This aerospace and defense 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 aerospace and defense telemetry market size has grown strongly in recent years. It will grow from $7.52 billion in 2023 to $8.17 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth observed during the historical period can be attributed to factors such as geopolitical tensions, military modernization efforts, an increase in budget allocations for aerospace and defense, expansion of aircraft fleets, and a rise in space exploration activities.

The aerospace and defense telemetry market size is expected to see strong growth in the next few years. It will grow to $11.12 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The anticipated growth in the forecast period can be attributed to factors such as global security threats, the continued demand for aerospace and defense telemetry, an increasing need for military unmanned aerial vehicles (UAVs), and rising research and development activities in the aerospace and defense sector. Noteworthy trends expected in this forecast period include the utilization of satellite-based telemetry, the integration of artificial intelligence and data analytics, the miniaturization of telemetry devices, the incorporation of Internet of Things (IoT) technologies, and the application of telemetry in hypersonic systems within the aerospace and defense industry.

The escalation in countries' defense budgets is significantly contributing to the growth of the aerospace and defense telemetry market. The defense budget denotes government spending aimed at fortifying their defense mechanisms. An upsurge in defense budgets fuels the procurement and advancement of aerospace and defense telemetry systems, crucial for transforming information within defense operations. For instance, as per the 2021 Stockholm International Peace Research Institute (SIPRI) report, global military expenditure in 2020 amounted to USD 1,981 billion, marking a 2.6% increase compared to the previous year. This upward trend in defense spending is a pivotal driver behind the growth of the aerospace and defense market.

The rise in terrorist attacks is anticipated to propel the expansion of the aerospace and defense telemetry market. Terrorist attacks involve violent acts or threats aimed at instilling fear and intimidation to achieve political, religious, or ideological goals. Aerospace and defense telemetry systems play a critical role in preventing and responding to such attacks by monitoring military assets, analyzing data for potential threats, and enabling coordinated responses. As reported by ReliefWeb in March 2023, terrorist attacks became more lethal, with an average of 1.7 deaths per attack in 2022, compared to 1.3 deaths in 2021. Over 88 percent of attacks and 98 percent of terrorist deaths occurred in 2022. This heightened threat landscape is expected to drive the growth of the aerospace and defense telemetry market.

Technological advancements stand as a key and burgeoning trend within the aerospace and defense telemetry sectors. Major companies within this domain are focused on developing novel technologies to maintain their competitive position in the market. For example, in February 2021, Dynatrace, a US-based technology company, launched v1.0 of the OpenTelemetry specification based on Dynatrace’s distributed tracing technology. This innovation assists in supporting traces and metrics, ensuring a seamless transition from OpenTracing and OpenCensus. Such technological strides hold promise in advancing the capabilities of aerospace and defense telemetry systems, offering more effective data collection and analysis for enhanced defense operations.

Prominent companies within the aerospace and defense telemetry market are embracing a strategic partnership approach to deliver comprehensive solutions, improve their offerings, and cater to the evolving requirements of their clientele. Strategic partnerships involve leveraging each other's strengths and resources for mutual benefits and success. For example, in June 2023, Thales Alenia Space, a France-based aerospace company, formed a partnership with Ariane Group, another France-based aerospace engineering firm. This collaboration is aimed at commencing the manufacturing of the Ariane 6 range safety system and signifies a joint commitment to the development and successful production of launch vehicles.

In August 2021, Delta Information Systems, a US-based manufacturer specializing in high-quality aerospace telemetry products for Flight tests, Missile tests, and Range Safety, concluded the acquisition of Wideband Systems for an undisclosed amount. Through this acquisition, Delta Information Systems has expanded its business, positioning itself as a premier leader in ground-based aerospace recorders by incorporating the Wideband product lines. Wideband Systems, based in the US, specializes in designing and manufacturing sophisticated recording instruments for aerospace, communications, and intelligence. This strategic move bolsters Delta Information Systems' capabilities and offerings within the aerospace and defense telemetry sector.

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

North America was the largest region in the aerospace and defense telemetry market in 2023. 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 analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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

The aerospace and defense telemetry market consists of sales of aerospace and defense telemetry that are used in projectiles. 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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