Airborne Telemetry Market Will Grow Exponentially During 2016 - 2024
Zion Market Research, the market research group announced the analysis report titled "Airborne Telemetry Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Sarasota, FL -- (SBWire) -- 09/16/2017 --Global Airborne Telemetry Market: Overview
The airborne telemetry is the use of the automated communication processes for the measurement and collection of data from inaccessible or remote areas and then transmitting it to equipment where the data can be monitored. The airborne telemetry market is indeed helping the nations capture most of the data in order to protect the homeland from disastrous attacks or natural calamities. The applications of the telemetry in the field of metrology, navigation, communication, military intelligence, flight testing, rocketry, space science, transportation, oil and gas industry, medical and healthcare, resource distribution, agriculture and energy monitoring are boosting its demand in the global market.
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Global Airborne Telemetry Market: Growth Factors
The major drive in the growth and development of the airborne telemetry market is basically due to the increased use of cloud computing. The other factors which also contribute to the further airborne telemetry market growth are increased R&D spending on technological advancements for defense purpose, network-centric military communication growth, and increased demand for unmanned aerial vehicles. At the same time, the telemetry market can be restrained due to the cut in the budgets of the defense.
Global Airborne Telemetry Market: Segmentation
The airborne telemetry market is bifurcated into different segments based on the application, platform, sensor, technology, component and region. Furthermore, the airborne telemetry is subdivided into wireless, wired, receiver, transmitter, antenna, load cell, torque, weather prediction, parachute, and GPS. Of all these, the load cell, parachute, and wireless segments of the airborne telemetry market are anticipated to be the highest growth experiencing segments in the global market in future.
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Global Airborne Telemetry Market: Regional Analysis
North America is considered to show the highest growth in the airborne telemetry market. Countries such as China, Japan and India are investing in the network-centric solutions in order strengthen their defense communication systems that are rising rapidly due to the regional conflicts. China and India are excelling in the field of development or building of advanced aircraft whereas the Vietnam and Philippines are building modern communication systems for the security of their homeland. Thus, based on these advancements in the field of aircraft, the demand for airborne telemetry systems is anticipated to increase at a faster phase in the regions of Asia Pacific. Thus, the excessive demand for the aircraft systems has set Asia Pacific on the top scale in the expanding airborne telemetry market.
Global Airborne Telemetry Market: Competitive Players
The key players in the global airborne telemetry market are Honeywell International, BAE Systems plc and Rockwell Collins, Inc. Other major players in the global market are Cobham plc and L-3 Communications Holdings, Inc.
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