Global Telemetry Market Insights Forecasts to 2032
- The Global Telemetry Market Size was valued at USD 219.87 Billion in 2022.
- The Market is Growing at a CAGR of 8.9% from 2022 to 2032
- The Worldwide Telemetry Market Size is expected to reach USD 512.25 Billion by 2032
- Asia Pacific is Expected to Grow the fastest during the forecast period.
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The Global Telemetry Market size is anticipated to exceed USD 512.25 Billion by 2032, growing at a CAGR of 8.9% from 2022 to 2032. The healthcare segment of this market is growing in popularity. Wireless Medical Telemetry Service (WMTS) is gaining traction in the healthcare industry. The automation industry, vehicle (telematics, transportation, and logistics), and retail segments are expected to grow significantly. The telemetry market is growing due to an increase in the use of smart devices with advanced technologies such as big data and the expansion of the cloud computing market.
Telemetry is an automated technique of communication that collects and measures data at inaccessible or remote locations for the purpose of monitoring via automatic transmission to the receiving end, which is commonly referred to as the host location or monitoring station. It is used to monitor the environment and manage complex infrastructure through a wireless communication network. Sensors such as temperature sensors, pressure sensors, electric data voltage sensors, resistance sensors, and others are used to collect information. It is widely used in energy utilities, healthcare, oil and gas drilling, agriculture, and other fields. The growing use of cloud technologies, the implementation of smart devices with big data technology, and supportive government initiatives, combined with growing R&D initiatives, are driving the telemetry market. The increased use of these devices in the healthcare sector to monitor cardiac problems is a major factor driving the growth of the telemetry market. The rising prevalence of cardiovascular disorders, as well as the associated increased mortality, is increasing demand for telemetry equipment.
This research report categorizes the market for the global telemetry market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the telemetry market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the telemetry market.
Global Telemetry Market Report Coverage
|Market Size in 2022:||USD 219.87 Billion|
|Forecast Period 2022-2032 CAGR:||8.9%|
|2032 Value Projection:||USD 512.25 Billion|
|Historical Data for:||2018-2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||120|
|Segments covered:||By Technology, By Component, By Application, By Region.|
|Companies Covered:||Cobham Limited, L3Harris Technologies Inc., Siemens AG, AstroNova Inc., General Electric Company, Honeywell International Inc., International Business Machines Corporation (IBM Corp.), Koninklijke Philips N.V., Rogers Communications Inc, Schneider Electric SE, Others.|
|Pitfalls & Challenges:||COVID-19 Empact, Challenge, Future, Growth, & Analysis|
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The increasing usage of these devices in the healthcare sector for monitoring cardiac abnormalities is the primary factor driving the growth of the telemetry market. A growing number of cardiovascular diseases and associated mortality rates around the world are driving up demand for telemetry devices. Telemetry devices are thus highly beneficial for meeting the needs of patients who are predisposed to cardiac disorders. Rising cardiovascular cases and associated mortality are projected to drive the telemetry market forward. Cardiovascular refers to or is associated with the heart and blood vessels. A cardiac telemetry unit consists of several patient rooms outfitted with vital sign monitors that continuously transmit data such as heart rate, breathing rate, and blood pressure to a remote location. In accordance with the Centers for Disease Control and Prevention, a US-based national healthcare agency, cardiovascular disease claims one life every thirty-four seconds in the United States.
Certain restraints and barriers have been encountered, which will limit market growth. Factors such as the need for a large initial investment are expected to stifle expansion throughout the forecast period. Additionally, regulatory issues, a lack of awareness and skilled labor, as well as interoperability and security, are potential limitations to the global telemetry market's overall growth.
The Global Telemetry Market share is classified into technology, component, and application.
- The wireless telemetry systems segment accounted for the largest share of the global telemetry market in 2022.
The global telemetry market is categorized by technology into wire-link, wireless telemetry systems, data loggers, acoustic telemetry, and digital telemetry. Among these, the wireless telemetry systems segment accounted for the largest share of the global telemetry market in 2022. The wireless telemetry systems segment is expected to grow at the highest CAGR in the global telemetry market over the forecast period. The growing use of portable devices in the defense and commercial sectors for data collection, transport, and storage via wireless technology is expected to drive the growth of the telemetry market for wireless telemetry systems. For example, rising demand for telemetry technology in healthcare organizations, such as enhanced wireless medical telemetry services and wireless cardiac monitors, is fueling product demand in this market.
- The hardware segment accounted for the largest share of the global telemetry market in 2022.
Based on the component, the global telemetry market is divided into hardware and software. Among these, the hardware segment accounted for the largest share of the global telemetry market in 2022. The widespread adoption of systems and devices in many industries such as the agricultural sector, aerospace, oil and gas, healthcare, and others is attributed to the segmental growth. The hardware segment is subdivided further into receiver, transmitter, encoder, antenna, modulator, and sensors.
- The oil & gas segment accounted for the largest share of the global telemetry market in 2022.
Based on the application, the global telemetry market is divided into healthcare, consumer, aerospace & defense, industry & automation, logistics & transportation, marine & oceanography, energy and power, oil & gas, hydrography, and others. Among these, the oil & gas segment accounted for the largest share of the global telemetry market in 2022. The segmental growth is expected to be driven by rising demand for such systems to monitor offshore rigs. Furthermore, rising safety concerns have increased demand for gas leak detection systems, which is expected to drive market growth.
Regional Segment Analysis of the Global Telemetry Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
North America is anticipated to hold the largest share of the global telemetry market over the predicted timeframe.
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North America is projected to hold the largest share of the global telemetry market over the predicted years. The rising prevalence of cardiovascular disease, as well as increased awareness among patients and healthcare practitioners about technological advancements in the field of telemetry, will drive the market in the North American region. The increased use of telemetry devices in the healthcare industry for the tracking of cardiac issues is a major factor driving the growth of the telemetry market in North America.
Asia Pacific is expected to grow at the fastest pace in the global telemetry market during the forecast period. Increasing government support for reservoir monitoring systems, treatment facilities for wastewater, and wireless telemetry infrastructure development in emerging countries such as China, India, Japan, and others is projected to propel the Asia Pacific market. Higher investment in research and development activities, as well as increasing demands from emerging economies, will boost the beneficial opportunities for Asia Pacific telemetry market growth.
The report offers the appropriate analysis of the key organizations/companies involved within the global telemetry along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Cobham Limited
- L3Harris Technologies Inc.
- Siemens AG
- AstroNova Inc.
- General Electric Company
- Honeywell International Inc.
- International Business Machines Corporation (IBM Corp.)
- Koninklijke Philips N.V.
- Rogers Communications Inc
- Schneider Electric SE
Key Target Audience
- Market Players
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
- In April 2023, Mezmo, a leading observability data platform, has announced a free trial of Mezmo Telemetry Pipeline as well as a free community plan. Companies can now utilise the power of their data while reaping the cost savings and control benefits of a telemetry pipeline all without making a large upfront investment.
- In November 2022, -Sedai, the first autonomous cloud management company, has announced that it is an AWS Lambda Telemetry API launch partner. Sedai is leveraging the Telemetry API to increase availability for Lambda users of Sedai's autonomous cloud management platform by providing additional insights and signals on Lambda functions at a low cost.
- In August 2021, L3Harris Technologies has been assigned by NASA's Jet Propulsion Laboratory (JPL) to facilitate the Mars Sample Return program's Universal Space Transponder (UST), which will enable the transmission of video, data, audio, and telemetry information to and from Earth, as well as relaying information between other spacecraft deployed on Mars.
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Telemetry Market based on the below-mentioned segments:
Global Telemetry Market, By Technology
- Wireless Telemetry Systems
- Data Loggers
- Acoustic Telemetry
- Digital Telemetry
Global Telemetry Market, By Component
Global Telemetry Market, By Application
- Aerospace & Defense
- Industry & Automation
- Logistics & Transportation
- Marine & Oceanography
- Energy and Power
- Oil & Gas
Global Telemetry Market, By Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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