Frequently Asked Questions
The global telemetry market was valued at USD 118.8 Billion in 2022.
The telemetry market is expected to grow at a CAGR of 15.5% between 2023 and 2030, reaching USD 376.25 Billion in 2030.
Wired telemetry is the leading segment by technology type, holding over 58% share in value in 2022.
The aerospace & defense telemetry segment governs the global demand for telemetry, holding a massive market share of over 22% in 2022.
The telemetry antennas segment will post the highest CAGR in the projection period.
North America is propelling the telemetry industry’s rapid growth, accounting for more than one-third of its market share in 2022.
The top players include AstroNova Inc (U.S.), Cobham Limited (U.K.), General Electric Company (U.S.), Honeywell International Inc (U.S.), IBM Corporation (U.S.), Koninklijke Philips N.V. (Netherlands), L3Harris Technologies Inc (U.S.), Rogers Communications Inc (Canada), Schneider Electric SE (France), Siemens AG (Germany), and Others.
The major market drivers of the telemetry industry are the robust adoption of IoT devices, advancements in wireless communication technologies like 5G, increased demand for remote patient monitoring in healthcare, expansion of smart city initiatives, growth of precision agriculture, and the need for predictive maintenance in various sectors.
The major market restraints of the telemetry industry encompass data security and privacy concerns, interoperability and standardization challenges, higher implementation costs, regulatory compliance complexities, and environmental factors affecting signal reliability in remote areas.
The major market opportunities in the telemetry industry include healthcare telemetry for remote patient monitoring, IoT telemetry for smart cities and infrastructure, expansion in environmental and climate monitoring, the integration of telemetry in emerging technologies like blockchain and edge computing, data monetization, and the continuous development of telemetry solutions for diverse industrial applications.