Major key players in this market are Schlumberger, Verizon, Astro-Med, Sierra Wireless, and IBM.
(PRWEB) May 31, 2014
According to the new report the "Global Telemetry Market by Application (Healthcare, Vehicle, Automation, Energy & Utilities, Wildlife, Agriculture, and Retail) & by Geography (Africa, Asia-Pacific, Europe, Latin America, North America, and the Middle East) - Forecast Analysis (2014 - 2019)”, the Global Telemetry Market is estimated to be $72.42 Billion in 2014 and is expected to register a CAGR of 7.31% to reach $103.42 Billion by 2019.
Browse more than 65 market data tables with 19 figures spread through 156 pages and in-depth TOC on "Global Telemetry Market."
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The report provides market analysis of the global telemetry market over the next five years. It contains the analysis of drivers, challenges, and restraints impacting the industry. It also discusses about the industry, market, and technology trends that are currently prevailing in the Global Telemetry Market. It tracks, analyzes and lays out the market size of the major players in each region and provides market share by sub-category i.e. Healthcare, Vehicle, Automation, Energy and Utilities, Agriculture, Wildlife and Retail. It provides information about the leading competitors in the global telemetry market and apart from a general overview of the companies; it also provides details on their financial positions, key products, their unique selling points, and key developments. This global telemetry market research report categorizes the global market on the basis of telemetry segments, geography, and by country; forecasting revenues, market share, and analyzing trends in each of the application sectors.
The continued requirement for cloud based services, scalability and interoperability will be the driving factors for the Global Telemetry Market. Cross industry collaborations have played a significant role in winning telemetry contracts across the globe. Austerity due to risky exposure and awareness, are said to continue at least till 2016 in two emerging eastern markets of China and India respectively. The primary market players are from the United States and Europe, these players have the technical know-how and are now looking towards the emerging economies. Transitioning Markets include most of the major emerging countries like Australia, Brazil, South Africa and UAE. The current trend of the market is its transition towards faster and efficient systems. The market requires more consolidation of telemetry equipment across all segments to gain competitive advantage.
Aircraft development, for example, is a major application for telemetry systems. During initial flight testing, an aircraft performs a variety of test maneuvers. The critical flight data from a maneuver is transmitted to flight test engineers at a ground station where results are viewed in real time or analyzed within seconds of the maneuver. Real-time monitoring allows the "safety officer" to make instant decisions on whether to proceed with or terminate a test. With real-time analysis, the flight test engineer can request a maneuver be repeated, the next maneuver to be performed, or test plan alternatives be substituted. Real-time data is also captured to storage media, such as disk and tape, for later analysis and archiving.
In today telemetry applications, which support large numbers of measurands, it is too costly and impractical to use separate transmission channels for each measured quantity. The telemetry process involves grouping measurements (such as pressure, speed, and temperature) into a format that can be transmitted as a single data stream. Once received, the data stream is separated into the original measurement components for analysis. Telemetry lets you stay in a safe (or convenient) location while monitoring what taking place in an unsafe (or inconvenient) location.
Telemetry is being used to fulfil the people’s needs for remote data acquisition and control. Wireless telemetry systems today cost substantially less compared to what they did 10 to 15 years ago. Applications that were previously not economically feasible are now cost effective. The extraordinary expansion of mobile digital telephony, especially GSM (Global System for Mobile Communications) stimulated the development of telemetry applications. GPRS (General Packet Radio Service) which is piggy-backed on the free capacity available on the GSM networks offers the possibility to communicate cheaply from virtually everywhere. Open protocols (TCP/IP, HTTP) and formats (XML, WBXML) were embraced from the Internet community thus adding interoperability between different telemetry systems.
Healthcare systems will have the highest CAGR across all segments and will account for 30% of the market share in the forecast period. There will be an increasing demand in RFID passive tagging, Fault Management systems, Biotelemetry, Telemedicine, Clinical Monitoring, OPC and embedded device communication and Remote Crop Telemetry. Remote Telemetry will present a large growth area for telemetry technology.
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