Companies covered in the telemetry market are Siemens (Germany), GENERAL ELECTRIC COMPANY (The U.S.), AstroNova, Inc. (The U.S.), Koninklijke Philips N.V. (Netherlands), IBM (The U.S.), Cobham Limited (The U.K), Honeywell International Inc. (The U.S.), L-3 Communications Holdings Inc. (The U.S.), Schneider Electric (France), Rogers Communications (Canada) and other key players.
Pune, India, Dec. 07, 2021 (GLOBE NEWSWIRE) -- According to Fortune Business Insights™, the global telemetry market is set to gain impetus from the rising need for subsequent sharing and gathering of vital information. The report further states that the telemetry information is received or transferred through a wire link. It is utilized extensively to observe various environmental conditions.
Fortune Business Insights™ presents a list of all the renowned telemetry companies present in the global market. They are as follows:
GENERAL ELECTRIC COMPANY (The U.S.)
AstroNova, Inc. (The U.S.)
Koninklijke Philips N.V. (Netherlands)
IBM (The U.S.)
Cobham Limited (The U.K)
Honeywell International Inc. (The U.S.)
L-3 Communications Holdings Inc. (The U.S.)
Schneider Electric (France)
Rogers Communications (Canada)
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Drivers & Restraints-
Increasing Demand from Healthcare Sector to Augment Growth
The high demand for telemetry services from the healthcare sector worldwide is set to drive the telemetry market growth in the coming years. Coupled with this, the rising popularity of wireless medical telemetry service (WMTS) would also contribute to the growth. Apart from this, the increasing applications of telemetry services in retail, vehicles (telematics, transportation, and logistics), and the automation segments would aid growth. Lastly, the increasing adoption of smart devices equipped with the latest technologies, such as cloud computing and big data would propel growth. However, the unavailability of skilled workforce and the implementation of stringent laws by the regulatory bodies may hamper growth.
North America to Remain at Forefront Owing to Favorable Government Initiatives
Geographically, North America is projected to generate the largest telemetry market share in the near future. This growth is attributable to the rising demand for telemetry in connected car concepts and the presence of favorable government initiatives in this region. Besides, the increasing research and development activities, as well as the usage of smart sensors and smart meters for energy utilization would affect the market growth in this region positively.
On the other hand, Asia Pacific is expected to grow steadily throughout the forthcoming years because of the increasing initiatives by the governments of several countries to develop telemetry infrastructure. Also, the rising disposable incomes of people are likely to aid growth. In Europe, the presence of numerous prominent organizations, such as Siemens, Schneider Electric, and Cobham Limited would bolster growth. Lastly, Latin America and the Middle East and Africa are anticipated to surge significantly backed by the usage of innovative technologies.
Request Detailed TOC of the Research Report:
Major Table of Content:
Definitions and Assumptions
Key Emerging Trends in Global telemetry industry
Latest Technological Advancements
Insights on Regulatory Scenario
Porter Five Forces Analysis
Key developments: Acquisition, Collaboration, Strategic Partnership, and Joint Venture
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