Telemetry market is anticipated to grow at a CAGR of 14.2% during the forecast period (2023-2030). Telemetry is the collection of measurements or other data at remote points and their automatic transmission to receiving equipment (telecommunication) for monitoring. the telemetry market is driven by the growing demand for telemetry solutions in a variety of industries, such as healthcare, manufacturing, transportation, and energy. It provides real-time data and insights into the performance of systems and devices.

Segmental Outlook 

The global Telemetry market is segmented on the technology and application. Based on the technology, the market is sub-segmented into wire-link technology, wireless technology, digital telemetry and data loggers & acoustics. And based on the application, the market is sub-segmented into automation, energy utilities, oil & gas, aerospace & defense, healthcare and other. Among the application, the automotive sub-segment is anticipated to hold a considerable share of the market, owing its use to collect data from vehicles about their performance, location, and driver behavior. This data can be used to improve vehicle safety, efficiency, and emissions. 

The Data Loggers & Acoustics Sub-Segment is Anticipated to Hold a Considerable Share of the Global Telemetry Market

Among the technology, the Data Loggers & Acoustics sub-segment is expected to hold a considerable share of the global Telemetry market. This segmental growth is attributed to the factors which includes, collecting and storing data from sensors and other devices. The data collected by telemetry data loggers can be used to monitor and control a wide variety of processes. telemetry data loggers are used in a wide variety of applications, which includes, Environmental monitoring, Industrial process control, Asset tracking and Vehicle telematics. For instance, In October 2022, Circonus, announced the general availability of the Circonus Telemetry Cloud the next generation of its monitoring and observability platform. Circonus has long been a pioneer in the IT infrastructure monitoring space and has garnered an impressive list of marquee brands whose revenue depends on consistently meeting quality of service requirements, such as HBO, Major League Baseball, Redfin, Xandr, EA Sports, and SmugMug. With the release of the Telemetry Cloud, Circonus is making the scalability, performance, and reliability enjoyed by these top brands available to companies of all sizes at a price they can afford.

Regional Outlook

The global Telemetry market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, Asia pacific is anticipated to hold a prominent share of the market across the globe, owing to rising concerns about security and compliance in the region. As it can be used to collect data about security events and compliance violations. This data can be used to identify and remediate security threats, and to demonstrate compliance with regulations.

Global Telemetry Market Growth, by Region 2023-2030

The European Region is Expected to Grow at a Significant CAGR in the Global Telemetry Market

Among all regions, the European regions is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to growing adoption of cloud computing, IoT and advancement in telemetry technology in the region. IoT devices rely on sensors to collect data from the environment. Hence, the market players are focusing on strategic initiatives such as partnership, merger, and product launch.  For instance, In October 2022, SKYRORA, Viasat, and CGI have partnered to develop a space-based launch vehicle telemetry relay system which will benefit launch vehicle providers across the industry globally. The three firms have been awarded a contract by the European Space Agency (ESA) under the Commercial Space Transportation Services programme to demonstrate the system. Known as InRange, the system will enable Scotland-headquartered Skyrora to achieve continuous transmission of telemetry data during flight, from launch to payload deployment. The collaboration will focus on Skyrora’s suborbital Skylark L launch vehicle, demonstrating InRange connectivity over Viasat’s global ELERA L-band satellite communication networks.

Market Players Outlook

The major companies serving the Telemetry market include Cobham Plc, Finmeccanica SPA, GE Healthcare, Honeywell International Inc., Kongsberg Gruppen, L-3 Communications Holdings Inc., Lindsay Corp, Philips Healthcare, Rogers Communications, Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, In August 2023, General Motors and Mitre have jointly released a paper on how vehicle telemetry data can be used to generate insights on advancing automotive safety. The paper focuses on enabling automakers, fleet operators, city planners, transportation safety researchers and other members of the global transportation sector to collect, process and analyze telemetry data to support automotive safety research. As part of the effort, GM and Mitre have worked together to improve existing strategies to manage telemetry data, implement tools to organize system state information from vehicle telemetry and evaluate crash and near-miss data.

The Report Covers

• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global Telemetry market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.