Telemetry Market Size Is Set To Fly High In Years To Come

Global Telemetry Market is valued at approximately USD $ billion in 2021 and is anticipated to grow with a healthy growth rate of more than $ over the forecast period 2022-2028. Telemetry is an automated communication method that collects and measures data in remote or inaccessible locations with the goal of monitoring by way of automatic transmission to the receiving end, which is typically referred to as the host location or monitoring station. It is used to manage complicated infrastructure via a wireless communication network and to monitor the environment. Growing cloud computing market, integration of smart devices with big data and, wide range of applications are the reasons behind the growth of Telemetry Market across the forecast period.

For Instance: in September 2020, Accenture announced an investment of $3 billion in forming the Accenture Cloud First to assist clients across different industries to become cloud-first businesses and accelerate digital transformation. Furthermore, in May 2022, India-based Byju’, a supplier of e-Learning software solutions, was in talks with banks including JP Morgan Chase & Co. and Morgan Stanley to seek money to acquire another edtech company in order to increase its global reach and market share in the e-Learning industry.

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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.

The key regions considered for the Global Telemetry Market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to the surge in cloud computing technology, and increasing investments in R&D. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. Factors such as applications in varied sectors and growth in the cloud computing applications are expected to drive the telemetry applications which would create lucrative growth prospects for the Telemetry Market across Asia-Pacific region.

Major market players included in this report are:

Siemens AG

GE Healthcare

Astro-Med Inc.

Lindsay Corporation

Philips Healthcare

Schneider Electric

IBM Corp.

Honeywell International Inc.

Schlumberger Ltd.

Verizon Communications Inc

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:

Wire-Link or Wired Telemetry

Wireless Telemetry Systems Data Loggers

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Acoustic Telemetry

Digital Telemetry

By components:

Telemetry Transmitter

Telemetry Receiver

Encoder

Modulator

Antenna

By Applications:

Healthcare/ Medicine

Energy and Power Utilities

Vehicle Telemetry

Retail Telemetry

Aerospace and Defense

Automation Telemetry

Agriculture Telemetry

Wildlife

Logistics and Transportation

Testing & Security

Oil & Gas

Hydrography

Oceanography

By Sensors:

Vehicle Dynamics Sensors

Load Cell Sensors

GPS sensor

Pressure Sensors

Temperature Sensors

Vibration Sensor

Weather Prediction Sensors

Torque Sensor

Current/Voltage Sensors

Resistance Sensors

Position Sensors

Displacement Sensors

Magnetic Rpm Sensors

Optical Rpm Sensors

Phasor Sensors

MEMS Technology

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By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

The Five Forces analysis examines the following factors:

The PESTLE analysis takes into account the following dimensions:

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