Aerospace And Defense Telemetry Market to Reach $8.67 Billion in 2025: Soaring Demand, Market Drivers and Growth Forecast
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What Will Be the Market Sizes and Growth Rates for The Aerospace And Defense Telemetry Market?
In recent years, the aerospace and defense telemetry market has recorded considerable growth. Starting from $8 billion in 2024, the market is projected to surge to $8.67 billion in 2025, at a compound annual growth rate (CAGR) of 8.4%. This escalation can be attributed to factors such as geopolitical tensions, military modernization, increase in budget allocations, along with the rise in aircraft fleet expansion and space exploration. The aerospace and defense telemetry market is expected to continue on its upward trend, hitting $11.61 billion in 2029 with a CAGR of 7.6. This projected growth is due to global security threats, the rise of aerospace and defense telemetry, increasing demand for military UAVs and intensifying research and development activities.
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What Are The Major Growth Drivers For The Aerospace And Defense Telemetry Market?
An important driver for the growth of the aerospace and defense telemetry market is the rising defense budget of countries. Governments are investing heavily in upgrading their defense mechanisms. This investment is contributing to the purchase and updating of aerospace and defense telemetry systems, which play a critical role in the transformation of information in defense. For instance, the U.S. military spent approximately $820.3 billion in 2023, accounting for nearly 13.3% of the entire federal budget for that fiscal year. The Department of Defense (DoD) requested $842.0 billion for 2024, denoting a 2.6% increase. Therefore, the surging defense budget is driving the growth of the aerospace and defense market.
Which Are The Primary Segments Within The Global Aerospace And Defense Telemetry Market?
The report segments the aerospace and defense telemetry market as follows –
1) By Type: Radio, Satellite
2) By Equipment: Data Acquisition Unit, Telemetry Transmitters, Flight Terminator Receivers
3) By Component: Control device, Display, Recorder, Sensors, Transmitter
4) By Application: Aircraft, Spacecraft, Unmanned Aerial Vehicle (UAVs), Others Applications
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Who Are The Major Players In The Aerospace And Defense Telemetry Market?
Major companies operating in the aerospace and defense telemetry market include BAE Systems, Lockheed Martin Corporation, L3 Technologies, Safran Spa, Cobham Limited, Honeywell Corporation, Thales Group, Orbit Communications Systems Ltd., Dassault Aviation SA, Curtiss-Wright Corporation, RTX Corporation, AstroNova Inc., Leonardo Corporation, General Dynamics Corp, Northrop Grumman Corporation, Maxar Technologies Inc., Teledyne Technologies Incorporated, Moog Inc., Ultra Electronics Holdings plc, Kongsberg Gruppen, Kratos Defense & Security Solutions Inc., Mercury Systems Inc., QinetiQ Group plc, RADA Electronic Industries Ltd., Sierra Nevada Corporation, Textron Systems Corporation, Transdigm Group Incorporated, ViaSat Inc., Z Microsystems Inc., DRS Technologies Inc., and Esterline Technologies Corporation.
What Are the Emerging Trends In the Aerospace And Defense Telemetry Market?
Technological advancements are a critical trend gaining traction in the aerospace and defense telemetry markets. Major companies in these markets are focused on developing cutting-edge technology to maintain market dominance. For instance, in February 2022, Dynatrace, a US-based technology company, launched the OpenTelemetry specification v1.0, based on its proprietary distributed tracing technology, which greatly aids tracing and metrics support, and ensures smooth transition from OpenTracing and OpenCensus.
What Will Be The Most Prominent Regions In The Aerospace And Defense Telemetry Market?
In 2024, North America emerged as the largest region in the aerospace and defense telemetry market. In the forecast period, the Middle East and Africa are expected to develop the fastest in market share. The aerospace and defense telemetry market report covers the regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Does The Aerospace And Defense Telemetry Market Report 2025 Offer?
As the aerospace and defense telemetry market grows, so does our understanding of it. Telemetry in aerospace and defense refers to the collection of statistical data from remote areas and its transmission to receiving equipment for monitoring, recording, and analysis. Networked systems, such as missiles, RPVs, spacecraft, oil rigs, and chemical plants, use aerospace and defense telemetry for effective, safe operation and to ensure automatic monitoring, alerting, and record-keeping. The Aerospace And Defense Telemetry Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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