The report, now available on ASDReports, "Airborne Telemetry Market by Application, Technology (Wired, Wireless), Platform, Component (Receiver, Transmitter, Antenna), Sensor (GPS, Load Cell, Torque, Weather Prediction) And Region - Global Forecast to 2021", The airborne telemetry market is projected to grow from USD 7.08 Billion in 2016 to USD 8.52 Billion by 2021, at a CAGR of 3.78% during the forecast period.
Factors, such as increase in the R&D expenditure in technology advancements, increased use of cloud computing in telemetry, and increase in demand for UAVs is expected to drive the growth of the airborne telemetry market.
Based on technology, the wireless telemetry segment of the airborne telemetry market is expected to witness highest growth during the forecast period
Wireless telemetry is used for the data transfer between aircraft and air traffic control towers using radio frequency and satellites. The data provided by aircraft to air traffic control towers is in real-time, with continuous flow of information about the location, destination, speed, and other information about aircraft. The Rise in aircraft deliveries is expected to boost the demand for wireless telemetry systems.
Based on platform, the parachute segment is expected to witness highest growth during the forecast period
Based on platform, the parachute segment of the airborne telemetry market is estimated to witness highest growth, owing to the increasing use of parachutes for tourism and weather monitoring.
Based on sensor, the load cell segment is expected to witness highest growth during the forecast period
Based on sensor, the load cell segment of the airborne telemetry market is estimated to witness highest growth during the forecast period, as load cell sensors provide highly precise and linear measurements and possess long operating life and excellent fatigue characteristics as compared to other types of sensors.
Asia-Pacific is projected to grow witness highest growth during the forecast period
Asia-Pacific is one of the fastest-growing markets for airborne telemetry market, due to increase in the number of aircraft delivers in the region. Countries such as India, China, and Japan are increasingly investing in network-centric solutions to strengthen their defence communication systems to intercept threats arising from regional conflicts. Furthermore, India and China are building modern and advanced aircraft carriers and countries such as Vietnam and Philippines are procuring modern communication systems for homeland security. These developments are expected to boost the demand for airborne telemetry systems in Asia-Pacific.
Major players in the airborne telemetry market include BAE Systems plc (U.S.), Honeywell International (U.S.), L-3 Communications Holdings, Inc.(U.S.), Rockwell Collins, Inc. (U.S.), and Cobham PLC. (U.K.).
Source: ASDReports - Market Research
Date: Dec 8, 2016