The global telemetry market size was anticipated to be worth USD 135,354.5 million in 2023. The market is likely to expand to USD 392,452.1 million by 2033, with a steep rise in the CAGR of 11.2% during the forecast period.
Sudden elevation is attributed to the market’s growth and demand and returning to the pre-pandemic levels with lucrative opportunities. The impact of COVID-19 globally has been unparalleled and overwhelming, with experiencing a low demand across all the regions amidst the pandemic.
Telemetry is an automatic data measurement and wireless transmission from remote terminals. In layman's terms - sensors at the source measure either physical data such as pressure or temperature or electrical data such as current or voltage. This data is later transmitted to the receiving points to be monitored and analyzed.
Measurements are transferred to particular electrical voltages. These voltages are mixed by a multiplexer, along with timing data, into a solo data stream for transmission to a remote receiver. Once delivered, the data stream is split into its initial elements, and the data is demonstrated and administered based on the user specifications. Such beneficial factors are accountable for the growing demand for telemetry.
Telemetry monitoring is widely used and is popular in the healthcare sector. In fact, in this sector, Wireless Medical Telemetry Service (WMTS) is becoming of much significance. The telemetry market is predicted to exhibit considerable growth in the vehicle (transportation, telematics, and logistics), automation, and retail sectors.
The growing adoption of smart devices coupled with advanced technologies and the development of the cloud computing market is said to drive the global market.
| Attributes | Details |
|---|---|
| Global Telemetry Market Valuation in 2022 | USD 123,490.4 million |
| Estimated Global Market Share in 2023 | USD 135,354.5 million |
| Forecasted Global Market Size by 2033 | USD 392,452.1 million |
| Projected Global Market Growth Rate from 2023 to 2033 | 11.2% CAGR |
| Historical Market Growth Rate from 2018 to 2022 | 9.1% |
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Healthcare Industry Witnessing Growing Demand of Telemetry Devices
The increasing use of telemetry devices in the healthcare industry to monitor cardiac abnormalities is encouraging the growth of the telemetry market across the world. Further, the rising adoption of telemetry monitoring devices is due to the alarming rise in cardiovascular diseases (CVDs) around the globe. For example,
Every year, nearly 17 million individuals succumb to cardiovascular diseases, which is around 32% of overall deaths in the world. Telemetry monitoring devices are extremely useful for meeting patients who are susceptible to CVDs.
Telemetry monitoring finds a broad range of use in advanced and complex systems such as spacecraft, missiles, oil rigs, Remotely Piloted Vehicles (RPVs), and chemical plants. It enables and sends swift alerting, observation, and documents vitals for the effective and safe functioning of the systems. Further, to gather data from spacecraft and satellites, agencies like NASA, ISRO, etc., use telemetry solutions.
In the developing advanced levels of satellites and aircraft, telemetry devices portray a significant role. To enhance and analyze the system’s performance, engineers who construct these complex systems require crucial system parameters, which without telemetry services, is more often unobtainable.
| Category | By Component |
|---|---|
| Top Segment | Antenna |
| Market Share in Percentage | 48.6% |
| Category | By Sensors |
|---|---|
| Top Segment | Current or Voltage Sensors |
| Market Share in Percentage | 6.9% |
The rising use of the Internet of Things (IoT) enhances the battery life for the miniaturization of hardware systems and connected devices. Moreover, telemetry uses IoT devices like low bandwidth, remote sensors, reduced power, local IoT intelligent gateways, and low-code footprint. Additionally, the conjunction of the Internet of Things (IoT) and artificial intelligence will reshape the future of industrial automation.
Artificial Intelligence of Things affects several industries, such as automotive, aerospace and defense, supply chain, healthcare, and manufacturing.
| Regional Market Comparison | Global Market Share in Percentage |
|---|---|
| North America | 26.1% |
| Europe | 21.3% |
North America holds a 35.1% market share in the global telemetry market. Such dominance is owing to increased drug use in this region. Also, increased demand for the connected car, smart mobility, and smart energy metersin Canada and the United States is anticipated to experience significant growth in North America’s market. Moreover, this region has a high prevalence of cardiovascular disorders. For example,
Growing awareness amongs healthcare providers and patients about telemetry devices, as a result, is anticipated to assist in decreasing death because of heart attacks by rendering real-time monitoring. Consequently, this assists in boosting the growth of the telemetry market in this region.
| Regional Market Comparison | Global Market Share in Percentage |
|---|---|
| The United States | 18.4% |
| Germany | 9.3% |
| Japan | 4.8% |
| Australia | 3.5% |
Europe is accountable for 23.2% market share in the global market owing to the constantly increasing demand for healthcare services in this region. Also, it has been predicted that Asia Pacific is estimated expand at a significant CAGR over the estimated timeframe.
Europe region has many wastewater treatment systems, increasing government funding for reservoir monitoring systems, and development of wireless telemetry in developing countries such as Japan, India, China, and others. These factors are likely to boost the growth of Asia Pacific’s telemetry market in the future. Moreover, the growth is also due to the big oil and gas industry and the developing automotive industry in the region.
| Regional Market | CAGR (2023 to 2033) |
|---|---|
| The United Kingdom | 10.5% |
| China | 9.8% |
| India | 13.4% |
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In May 2021, New Relic, Inc. announced a series of novel product inventions and community initiatives to assist engineers in making observability a data-driven approach. It is going help them plan, build, deploy and run the software.
The company launched its new Kubernetes experience, powered by Auto-Telemetry with Pixie, which incorporates New Relic One to render instant Kubernetes observability without requring users to update any sample data or code.
Some of the key players in the telemetry market are Siemens AG, GE Healthcare, Astro-Med, Inc., Rogers Communications, Inc., BayerischeMotorenWerke AG (BMW), Philips Healthcare, Lindsay Corporation, Schneider Electric, Verizon Communications, Inc., Kongsberg Gruppen, Honeywell International Inc., BioTelemetry, Inc., Schlumberger Ltd., L-3 Communications Holdings Inc., Sierra Wireless, Inc., Cobham Plc., IBM Corp, and Finmeccanica SPA.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 11.2% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million or USD billion and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Component, Technology, Sensor, Application, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; The Middle East and Africa |
| Key Countries Profiled | The United States, Canada, Brazil, Argentina, Germany, The United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, Asia Pacific, GCC, South Africa |
| Key Companies Profiled | Siemens AG; GE Healthcare; Astro-Med, Inc.; Rogers Communications, Inc.; BayerischeMotorenWerke AG (BMW); Philips Healthcare; Lindsay Corporation; Schneider Electric; Honeywell International Inc; BioTelemetry, Inc.; Schlumberger Ltd.; L-3 Communications Holdings Inc.; Sierra Wireless, Inc.; Cobham Plc.; IBM Corp.; Finmeccanica SPA. |
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North America is anticipated to account for 36% of the telemetry market in 2023.
Demand for real-time telemetry is greater than that for historical telemetry.
The telemetry market in China is expected to increase at an exponential rate.
The increased use of connected devices, remote monitoring, and data analytics is driving the market for telemetry sales.
The growing use of connected devices, remote monitoring, data analytics, patient safety, and cost savings are driving the telemetry market.
| Market CAGR (2023 to 2033) | 18.7% |
|---|---|
| Market Size (2023) | USD 2,513.9 million |
| Expected Market Size (2033) | USD 13,998.3 million |
| Market Size (2022) | USD 368.7 Million |
|---|---|
| Market Size (2032) | USD 1.5 Billion |
| Market CAGR (2022 to 2032) | 15.2% |
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