How big is the Aerospace and Defense Telemetry Market?

The Aerospace and Defense Telemetry Market size is expected to reach USD 3.26 billion in 2024 and grow at a CAGR of 6.79% to reach USD 4.53 billion by 2029. Read More

What is the current Aerospace and Defense Telemetry Market size?

In 2024, the Aerospace and Defense Telemetry Market size is expected to reach USD 3.26 billion. Read More

Who are the key players in Aerospace and Defense Telemetry Market?

BAE Systems plc, Lockheed Martin Corporation, L3Harris Technologies, Inc., Cobham Limited and Safran SA are the major companies operating in the Aerospace and Defense Telemetry Market. Read More

Which is the fastest growing region in Aerospace and Defense Telemetry Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Aerospace and Defense Telemetry Market?

In 2024, the North America accounts for the largest market share in Aerospace and Defense Telemetry Market. Read More

What years does this Aerospace and Defense Telemetry Market cover, and what was the market size in 2023?

In 2023, the Aerospace and Defense Telemetry Market size was estimated at USD 3.04 billion. The report covers the Aerospace and Defense Telemetry Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aerospace and Defense Telemetry Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Aerospace and Defense Telemetry Market

Aerospace and Defense Telemetry Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Aerospace and Defense Telemetry Market Size and it is Segmented by Type (Radio and Satellite), Application (Aerospace and Defense), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The market size and forecasts for the aerospace and defense telemetry market are provided in terms of value (USD) for all the above segments.

Aerospace and Defense Telemetry Industry Overview

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.