Aerospace and Defense Telemetry Market Analysis

Market Insights

Segment Analysis

Wired and wireless networks are the two types of technology. Due to its platform independence and cost-effectiveness, the wireless technology market is predicted to expand more quickly. Hardware and software are both included in the architecture sector. The software market is anticipated to grow more quickly due to the increasing need for middleware software in telemetry systems. The demand for wireless technology is also backed by the advantages such as ease of maintenance and operation of such technology. The high demand for wireless technology for space shuttles and UAVs also contributes to a significant growth opportunity for wireless technology in aerospace and defense telemetry.

Airborne, Ground, Marine, Space, UAVs, and Weapons comprise the platform category. Ground-based holds the largest market share in the platform segment in 2021. The high share is mainly attributed to the widespread use of ground-based solutions in emerging nations like China and India; the land-based category is anticipated to expand at the highest rate. Furthermore, the UAVs segment is expected to register the highest growth rate during the forecast period. The high growth in the UAVs segment is mainly due to the high demand for UAVs across commercial and military applications. With the high need for border surveillance, the demand for UAVs is increasing exponentially, which is attributed to the demand for telemetry solutions for UAVs.

In terms of regions, North America is likely to maintain its supremacy in the aerospace & defense telemetry market throughout the forecast period.  Rapid modernization and technological advancements in various sectors have resulted in a high aerospace & defense telemetry rate. Strict government regulations in North America and Western Europe are anticipated to encourage manufacturers to develop better aerospace and defense telemetry solutions, which is expected to result in the dominance of North America in the market during the forecast duration.

Concurrently, the aerospace & defense telemetry market in the Asia Pacific is anticipated to expand at the highest CAGR during the forecast period. The major economies in this region emphasize modernizing their existing military systems, driving the growth of the Asia Pacific aerospace & defense telemetry market. Additionally, The information age's increased need for technologically superior defense equipment and the rise of networked UAVs utilized by emerging nations for border surveillance are two factors propelling the expansion of this market. On the other hand, recent adjustments in military budgets of emerging countries for cutting-edge marine, land, and air defense systems are anticipated to benefit the regional market. 

Key Players

There is stiff competition in the aerospace & defense telemetry market. The growth of the companies is directly dependent on the industry conditions and government support. These companies differentiate their aerospace & defense telemetry based on their quality and penetration in the target and emerging markets. Also, some major mergers and acquisitions in the industry recently have significantly influenced the competitive dynamics. For example:

• Saab completed the first flight tests with its brand-new, highly sophisticated Electronic Attack Jammer Pod (EAJP) on November 4, 2020. Additionally, in October 2020, BAE Systems was awarded a US Navy contract worth USD$36.7 million to develop and test a new dual-band Fiber-Optic Towed Decoy (FOTD) to shield pilots and aircraft from advanced threats.
• In July 2018, Goonhilly Earth Station (GES) and BAE Systems plc signed a MOU (memorandum of understanding) to supply two Command Processor (TTCP) systems, Telemetry, and Tracking system to Goonhilly Earth Station. The technology will permit GES to track and communicate a broad array of spacecraft, incorporating future robotic and manned missions to the Mars and Moon.

Market players have impacted the overall competitive landscape because of new product development and investment. The following are the major players in the market:

• BAE Systems PLC (U.S.)
• General Dynamics Corporation (U.S.)
• Honeywell International Inc (U.S.)
• L3harris Technologies (U.S.)
• Lockheed Martin (U.S.)
• Maxar Technologies (U.S.)

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features:

• Structure: Overview, industry life cycle, and supply chain analysis
• Environment analysis: Growth drivers and constraints, Porter’s five forces, and SWOT analysis
• Segment trends and forecast
• Competitive landscape and dynamics: Share, product portfolio, product launches, etc.
• Attractive segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.