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Airborne Telemetry Market Segmented By Wireless Telemetry and Wired Telemetry technology with component such as Fixed Wing, Unmanned Aerial Vehicle, Rotary Wing and Parachute
The airborne telemetry systems gather and process the critical information on onboard spacecraft, UAVs, projectiles, and aircraft. These solutions are built to function under the most severe conditions of defense and aerospace applications. Due to the influx of smart weapons and systems into the modern warfare, the requirement for efficient transmission of data is increasing and subsequently contributing to the growth of airborne telemetry market.
Based on technology, the wireless telemetry is expected to witness the highest growth rate during the forecast period owing to the increase in the number of aircraft deliveries which has led to the growth in demand for airborne telemetry. These are mainly used for navigation and communication and the real-time positioning of the aircraft.
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Factors such as growing use of software defined radio technology, an emergence of modern electronic warfare and network-centric warfare systems, and the increasing use of wireless and cloud computing technologies are expected to surge the growth of airborne telemetry market during the forecast period.
Further, the market is driven by huge R&D investments in technological advancements for defense operations which is expected to be one of the key factors to drive the market during the forecast period. Growth in network-centric military communication and increased use of cloud computing in telemetry are a few other factors expected to enhance the market for airborne telemetry. Moreover, increasing mergers and acquisition have allowed the companies to expand, and this has created various opportunities in the market.
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North America is estimated to be the largest region in airborne telemetry market in 2016 and is expected to maintain its dominance during the forecast period Emerging economies such as China, and India are estimated to drive the APEJ market during the forecast period, due to the factors such as increasing disposable income of the population.
Moreover, India and China are building modern and advanced aircraft carriers, and the countries such as Vietnam and Philippines are procuring modern communication systems for homeland security, further enhancing the demand for airborne telemetry systems in APEJ.
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The Airborne Telemetry Market is fragment ed and competitive, with a large number of players operating at the regional and local level. Some of the major key players in the market includes,BAE Systems PLC Honeywell International Inc. L-3 Communication Holdings, Inc. Rockwell Collins, Inc. Cobham PLC. Leonardo S.p.A.
