Market Share of Aerospace And Defense Telemetry Industry
The aerospace and defense telemetry market is fragmented, with the top five manufacturers occupying around 30% of the market share in 2022. The application of telemetry is vast, and its use in the fields of navigation, communication, military intelligence, rocketry, space science, and flight testing is propelling its demand in the global market. As the players compete to receive contracts, the level of competition is intense. BAE Systems plc, L3Harris Technologies, Inc., Lockheed Martin Corporation, Safran SA, and Cobham Limited are the major players in the market. Companies have been working together to develop new technologies and products in the market.
In November 2022, Inmarsat Government partnered with a US-based launch and space systems company, Rocket Lab USA, Inc., to develop and manufacture an L-band radio in support of NASA's Communications Services Project (CSP). This Rocket Lab will enable Inmarsat's InCommand, a real-time, near-Earth telemetry, command, and control service for satellites in low earth orbit (LEO). Companies are also working on new technologies to improve the telemetry market. Collaborations and developments such as those mentioned before are expected to result in the growth of the market during the forecast period.
Aerospace and Defense Telemetry Market Leaders
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BAE Systems plc
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Lockheed Martin Corporation
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L3Harris Technologies, Inc.
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Cobham Limited
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Safran SA
*Disclaimer: Major Players sorted in no particular order
