Exactitude Consultancy Press Release: Telemetry market

Telemetry market expansion is being fueled by high use in the aerospace and defense sector.

The military is increasingly using Telemetry devices, such as intercepted telemetry in guided missiles, armored vehicles, aircraft, marine ships, land systems, and UAVs. This is propelling the growth of the telemetry market over the forecast period. Moreover, rising defense sector spending from several governments across the world is anticipated to boost telemetry device usage, which is anticipated to boost the global telemetry market’s expansion. Throughout the projection period, the telemetry market is anticipated to be driven by the rising demand for cloud computing across a number of end-use industries, including automation, healthcare, logistics, military intelligence, and the aerospace and defense sector. However, during the anticipated period, high initial investment costs and consumer awareness is anticipated to restrain the growth of the telemetry market.

One of the key factors fueling the telemetry market’s expansion is the proliferation of telemetry devices in the healthcare industry.

The widespread use of these devices in the healthcare industry to track cardiac abnormalities is the main factor contributing to the market’s expansion. The need for telemetry devices is rising as cardiovascular disease mortality rates rise globally and the prevalence of these diseases rises. Those who are extremely sensitive to heart problems can benefit greatly from telemetry equipment. The people who are highly susceptible to cardiac disorders can benefit greatly from telemetry equipment. Furthermore, ambulatory service providers and post-coronary care units are supporting and promoting these devices significantly. Ambulatory care units use medical telemetry devices to relay real-time cardiac activities to hospitals or doctors during an emergency. This saves time and ensures that the rescue process is free from difficulty and run smoothly. In turn, these factors support the telemetry market’s expansion.

Explore 188 market data Tables spread through nearly 277 Pages and in-depth analysis on “Telemetry market by Technology (Wire-Link, Wireless Telemetry Systems, Data Loggers, Acoustic Telemetry, Digital Telemetry), Component (Hardware, Software), Application (Healthcare, Consumer, Aerospace & Defense, Industry & Automation, Agriculture & Wildlife, Logistics & Transportation, Marine & Oceanography, Energy and Power, Oil & Gas, Hydrography) and Region, Global trends and forecast from 2022 to 2029 for Table of Contents –

Various benefits associated with telemetry systems that will boost their popularity in the global market.

The adoption of these systems has grown significantly during the past few years. It alludes to a highly advanced, automated communication system that allows data to be collected and measurements to be conducted without the need for a person to be physically there. Users of the system can monitor and analyze data in real-time. It is frequently employed in many industries, including oil and gas, energy and electricity, mining, marine & oceanography, and hydrography, where continuous monitoring by a human is not possible, due to the accessibility of real-time data. Using telemetry technology can potentially help you save the maximum cost since it lowers operational expenses. Since the data is automatically obtained and transported from distant locations, less human resources are needed to physically obtain it. Any firm can significantly reduce operational costs by doing this. When there is no human involvement, the risk is also decreased. Systems for wireless telemetry are increasingly being used in disaster management. This framework, for instance, can be used to gauge the wind speed on tall ocean ships or gauge the rising water level in a river for flood management. Progressively taking care of using such data can help with reducing the impact of regular disasters, if not prevent them. Also, the system has benefits including data sharing, security, and data collection from moving items. The wireless system minimizes the cost of wiring, installation, and retrofitting. Once the initial installations are complete, new wireless instruments can be added with easily to the wireless systems to meet evolving and growing requirements. These benefits of such systems are driving up demand for them across a range of end-use industries.

The growth of the market is hampered by a lack of skilled labor and strict regulations regarding frequency band usage.

These systems are widely used in the developing economies. The other economies, however, lack awareness about the benefits of such systems and services and limited infrastructure investment. The market expansion in undeveloped countries is constrained by these considerations. Despite this, business organizations consult training sessions to increase their employees’ awareness of telemetry.

The key players include General Electric Company, Siemens, AstroNova, Inc., Rogers Communications, Koninklijke Philips N.V., Bayerische Motoren Werke AG (BMW), KONGSBERG, Honeywell International Inc., BioTelemetry, L3Harris Technologies, Inc., Cobham Limited, Lindsay Corporation, Schneider Electric, Verizon, Schlumberger Ltd., Sierra Wireless, IBM, and others.

Telemetry Market Key Players

The telemetry market key players include General Electric Company, Siemens, AstroNova, Inc., Rogers Communications, Koninklijke Philips N.V., Bayerische Motoren Werke AG (BMW), KONGSBERG, Honeywell International Inc., BioTelemetry, L3Harris Technologies, Inc., Cobham Limited, Lindsay Corporation, Schneider Electric, Verizon, Schlumberger Ltd., Sierra Wireless, IBM, and others.

Key Market Segments: Telemetry market

Telemetry Market By Technology, 2020-2029, (USD Billion)

• Wire-Link
• Wireless Telemetry Systems
• Data Loggers
• Acoustic Telemetry
• Digital Telemetry

Telemetry Market By Component, 2020-2029, (USD Billion)

• Hardware
  • Transmitter
  • Receiver
  • Encoder
  • Modulator
  • Antenna
  • Sensors
    • Vehicle Dynamic Sensors
    • Load Cell Sensors
    • Gps Sensors
    • Pressure Sensors
    • Others
  • Software

Telemetry Market By Application, 2020-2029, (USD Billion)

• Healthcare
• Consumer
• Aerospace & Defense
• Industry & Automation
• Agriculture & Wildlife
• Logistics & Transportation (Vehicle)
• Marine & Oceanography
• Energy And Power
  • Power Transmission
  • Asset Management
• Oil & Gas
  • Natural Gas Equipment
  • Infrastructure
  • Service Vehicles
• Hydrography
  • Flow & Motion Control/ Autonomous Operations
  • Wireless Infrastructures
  • Chemical Leak Detection
  • Wastewater Management
  • Level Control & Monitoring

Telemetry Market By Region, 2020-2029, (USD Billion)

• North America
• Europe
• Asia Pacific
• South America
• Middle East And Africa

Important Countries In All Regions Are Covered.

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