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(MoneyNewsWire.Net, May 18, 2018 ) 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. Various factors, such as growing use of software defined radio technology, emergence of modern electronic warfare and network-centric warfare systems, and the increased use of wireless and cloud computing technologies are expected to fuel the growth of this market.
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The market has been segmented based on technology, platform, component, sensor type, and region. Based on technology, the market has been segmented into wireless telemetry and wired telemetry. The wireless telemetry segment is estimated to witness highest growth during the forecast period, as wireless telemetry is majorly utilized in communication between air traffic control towers and passenger aircraft.
Based on platform, the airborne telemetry market has been segmented into fixed wing, rotary wing, unmanned aerial vehicle, and parachute. Fixed wing is estimated to be the largest application segment of the market in 2016. The rise in air passenger traffic is expected to increase the number of new aircraft deliveries, which is consequently expected to propel the growth of the airborne telemetry systems.
Based on component, the airborne telemetry market has been segmented into receiver, transmitter, and antenna. The receiver segment is estimated to witness highest growth during the forecast period, as receivers require a significant signal strength to achieve a given signal-to-noise.
Based on sensor type, the airborne telemetry market has been segmented into GPS, load cell, torque, weather prediction, and others. The load cell segment is estimated to witness highest growth, as load cell sensors are highly precise and possesses long operating life and excellent fatigue characteristics as compared to other types of sensors. Rise in aircraft orders will significantly contribute to the increasing demand for load cell sensors. The demand for airborne telemetry systems is the highest in the Asia-Pacific region and is expected to grow in the future.
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Based on region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. North America is estimated to lead the airborne telemetry market in 2016. Emerging economies, such as China and India are estimated to drive the Asia-Pacific airborne telemetry market. Increase in disposable income of the population in emerging economies in Asia-Pacific has resulted in rise in the air passenger traffic. This has further led to increase in aircraft deliveries in the region, which has contributed to the growing demand for airborne telemetry systems in the region.
Defense budget cuts in some countries may limit the growth of the market in near future.
Products offered by various companies in the airborne telemetry market have been listed in the report. The recent developments section of the report includes recent and important developments by various companies between 2013 and 2016. Major companies profiled in the report include Rockwell Collins, Inc. (U.S.), L-3 Communications Holdings, Inc. (U.S.), Honeywell International Inc. (U.S.), and Leonardo-Finmeccanica (Italy). Contracts accounted for a major share of the total growth strategies adopted by the leading players in the airborne telemetry market. This strategy has enabled companies to strengthen their position in the market.
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