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Mar, 29 2023

In 2021, Lindsay Corporation Launched RoadConnect to Contribute to the Transportation Sector

The global telemetry market is expected to witness significant growth during the forecast period because of various advantages associated with telemetry, including its ability to allow patients to move freely in cardiac monitoring. In the medical sector, telemetry equipment handles complex infrastructure and monitors the environmental situation. Besides the medical sector, telemetry has wide application areas such as defense, flight testing, agriculture, oil and gas, and water management, which will likely enhance market growth.

According to Data Bridge Market Research, the Telemetry Market witnessed a healthy CAGR of 14.59% from 2022 to 2029.

"Increasing cardiovascular cases and associated mortality is expected to drive the market growth"

The increasing cardiovascular cases and associated mortality are likely to propel the growth of the global telemetry market. Cardiovascular is related to the heart and blood vessels. A cardiac telemetry unit includes numerous patient rooms with vital sign monitors that constantly transmit data, such as breathing, heart rate, and blood pressure, to a nearby location. For instance, per the Centers for Disease Control and Prevention report, a U.S.-based national public health agency, cardiovascular disease claims one life in the U.S. every 34 seconds. In the U.S., heart disease claimed the lives of approximately 697,000 people in 2020. Around 805,000 Americans experience a heart attack every year. Therefore, the increasing cases of cardiovascular and associated mortality are likely to boost the growth of the telemetry market.

What restraints the growth of the telemetry market?

"High cost associated with telemetry"

Telemetry's high investment and maintenance costs are expected to hamper the market's growth during the forecast period. Telemetry is the automatic measurement and wireless transmission of data from remote sources, requiring a proper device. Those devices used for telemetry process need regular maintenance with high charges. As a result, the market is expected to hinder the market growth.

Segmentation: Global Telemetry Market

The telemetry market is segmented on the basis of technology, component, applications, and sensor.

  • Based on technology, telemetry market is segmented into wire-link, wireless telemetry, digital telemetry, data loggers, and acoustic telemetry.
  • Based on component, telemetry market is segmented into telemetry transmitter, and components of receiver.
  • Based on applications, the telemetry market is segmented into healthcare/ medicine, vehicle telemetry (telematics), retail telemetry, aerospace and defense, logistics and transportation, oil and gas, energy and power utilities and others.
  • Based on sensor, the telemetry market is segmented into optical rpm sensors, vehicle dynamics sensors, GPS sensors, magnetic rpm sensors, resistance sensors, temperature sensors, torque sensors, current/voltage sensors, position sensors, displacement sensors, pressure sensors, vibration sensors, load cell sensors and phasor sensors.

Regional Insights: North America is expected to dominate the telemetry market

North America is expected to dominate the market and is expected to grow significantly because of technological advancement in this region. Moreover, growing prevalence and increasing awareness regarding cardiovascular disease will further boost the growth of the telemetry market in this region.

In addition, the Asia-Pacific region is likely to register the highest growth rate during the forecast period of 2022 to 2029 because of the growing disposable income in this region. Furthermore, growing government initiatives relating to expanding telemetry infrastructure will further boost the market growth in this region.

Recent Developments: Global Telemetry Market

  • In 2021, Lindsay Corporation launched RoadConnect, a cloud-based remote asset monitoring platform for the transportation sector. RoadConnect will deliver Departments of Transportation with a single-source solution, and the product has distinctive features such as maintaining and monitoring a virtually unlimited number of roadside assets, including guardrails, crash cushions, and utility poles
  • In 2020, Royal Philips acquired Biotelemetry for $2.8 billion amount. This acquisition of BioTelemetry is a robust fit with Philips' cardiac care portfolio and its major strategy to transform the delivery of care coupled with the health continuum with integrated solutions. Biotelemetry Inc. is a leading U.S.-based operating in telemetry.

To know more about the study, visit https://www.databridgemarketresearch.com/reports/global-telemetry-market 

The Prominent Key Players Operating in the Telemetry Market Include:

  • IBM (U.S.)
  • Sierra Wireless (Canada)
  • KONGSBERG (Norway)
  • Cobham Limited (U.K.)
  • Lindsay Corporation (U.S.)
  • Schneider Electric (France)
  • SLB (U.S.)
  • Koninklijke Philips N.V. (Netherlands)
  • Honeywell International Inc. (U.S.)
  • GE HealthCare (U.S.)
  • Verizon (U.S.)
  • Rogers Corporation (U.S.)
  • Siemens AG (Germany)
  • L3Harris Technologies Inc. (U.S.)

Above are the key players covered in the report, to know about more and exhaustive list of telemetry market companies contact: https://www.databridgemarketresearch.com/contact  

Research Methodology: Global Telemetry Market

Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.


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