Telemetry Market Size, Share & Industry Analysis, By Technology (Wire-Link, Wireless telemetry systems, Data Loggers), By Application (Healthcare, Energy and Power, Vehicle telemetry, Retail telemetry), By Components (Telemetry Transmitter, Telemetry Receiver, Encoder), By Sensors (Vehicle dynamics sensors, Load cell sensors, GPS sensors, Pressure sensors) and Regional Forecast, 2021-2028

Telemetry involves the sensing and measurement of data at a remote source and transmission of that data to a central location, which is known as a monitoring station. At the monitoring station, it is used to monitor and regulates the process at the remote site. The telemetry information is transmitted or received through a wire link and used to monitor environmental conditions. The need for information gathering and subsequent sharing of information are the factors that will impact the global telemetry market.

There is an increasing popularity in the healthcare segment of the telemetry market. Wireless Medical Telemetry Service (WMTS) is gaining more popularity in the healthcare segment. The market is anticipated to show significant growth in the automation industry, vehicle (telematics, transportation, and logistics), and retail segments. An increase in the use of smart devices with advanced technologies such as big data and expansion of the cloud computing market drives the market growth.

Key Market Driver -

• Expansion of Cloud Computing Market • Integration of Smart Devices with Big Data Technology

Key Market Restraint -

• Stringent Regulations and Lack of Skilled Workforce Hampers the Growth of the Global Telemetry Market

Market Segmentation:

By technology, the market segmented into wire-link, wireless telemetry systems, data loggers, acoustic telemetry, and digital telemetry. Based on the application, the market segmented into healthcare, energy and power, vehicle telemetry, retail telemetry, aerospace and defense, automation telemetry, agriculture telemetry, logistics and transportation, wildlife, testing & security, oil & gas, oceanography, and hydrography. Based on the components, the market is segmented into the telemetry transmitter, telemetry receiver, encoder, modulator, and antenna. Based on the sensors, the market is segmented into vehicle dynamics sensors, load cell sensors, GPS sensors, temperature sensors, pressure sensors weather prediction sensors, torque sensors, vibration sensors, current/voltage sensors, resistance sensors, position sensors, displacement sensors, magnetic rpm sensors, optical rpm sensors, phasor sensors, and mems technology. From a geographical standpoint, the market categorized into North America, Europe, Asia Pacific, The Middle East, and Rest of the World.

Key Players Covered:

Major key players that are present in the global telemetry market are Seimens (Germany), GENERAL ELECTRIC COMPANY (The U.S.), AstroNova, Inc. (The U.S.), Koninklijke Philips N.V. (Netherlands), IBM (The U.S.), Cobham Limited (The U.K), Honeywell International Inc. (The U.S.), L-3 Communications Holdings Inc. (The U.S.), Schneider Electric (France), Rogers Communications (Canada) and among others.

Key Insights

• Wireless medical telemetry service is gaining popularity in the healthcare sector


• The use of smart devices, along with advanced technologies such as big data and cloud computing, propels the growth of the market.

Regional Analysis:

The Global Telemetry Market is analyzed across five major regions North America, Europe, Asia Pacific, The Middle East, and the Rest of the World. North America holds the highest market share in the Global Telemetry Market. The growth is attributed to the favorable government initiatives, increasing research & development (R&D) initiatives, and rising demand for telemetry in connected car concepts, lighting management applications, smart meters for energy utilization, and smart sensors.

To gain extensive insights into the market, Request for Customization

Asia Pacific will witness significant growth during the forecast period. Increasing disposable income and rising government initiatives pertaining to the development of telemetry infrastructure drive the telemetry market across the region. The presence of key players such as Cobham Limited, Seimens, Koninklijke Philips N.V., Schneider Electric, and others propels the market growth in Europe. Wide range of applications and rapidly growing technologies such as big data, cloud computing drives the telemetry market in the Middle East, Latin America, and Africa.

Segmentation

Global Telemetry Market Industry Developments

• In February 2020, Yorkshire Water has signed a contract with HWM Water Ltd. for the provision of telemetry real-time services worth an estimated USD 6.64 million.


• In October 2019, Quasonix LLC signed a five year contract with the U.S. army for telemetry products valued at USD 21.7 million. Under the contract the company will provide its telemetry transmitters in support of the Army's live fire testing.