The global telemetry market comprises infrastructure monitoring solutions that collect and measure physical data and transmit it through wireless or wired telemetry systems. Telemetry finds widespread applications across industries such as healthcare, energy & power, automotive & transportation, oil & gas, and manufacturing among others. The real-time monitoring abilities of telemetry systems help operators remotely inspect infrastructure equipment and optimize operations. With growing emphasis on preventive maintenance and remote asset monitoring to improve efficiency across industries, the demand for telemetry is witnessing strong growth.
The Global telemetry Market is estimated to be valued at US$ 33.99 Mn in 2024 and is expected to exhibit a CAGR of 12% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the global telemetry market are ABB, Schneider Electric, Eaton, Siemens, Emerson, Vertiv, Raycap, Hager, Legrand, Tripp Lite, Leviton, Phoenix Contact, Citel, General Electric, Rockwell Automation, nVent, Belkin, REV Ritter, Littelfuse, MARS Sicherheit.
The key opportunities in the Global Telemetry Market Trends include growing for telematics and fleet management solutions from automotive and transportation industry, increasing deployment of remote patient monitoring systems across healthcare facilities, and rising adoption of wireless infrastructure monitoring solutions for oil & gas pipelines and power distribution networks.
With growing inclination towards smart infrastructure across industries globally, telemetry equipment vendors are expanding their presence worldwide. For example, many large players are enhancing their distribution networks across Asia Pacific and Latin America regions, which are witnessing rapid industrialization.
Market Drivers
The major growth driver for the global telemetry market is the increasing demand for predictive maintenance across industries. Remote monitoring of infrastructure equipment through telemetry helps detect anomalies and failures in advance, thereby minimizing unplanned downtime and operational costs. With growing need to improve asset utilization through condition-based monitoring, the demand for predictive maintenance-enabled telemetry solutions is surging globally.
PEST Analysis
Political: The global telemetry market is positively impacted by supportive government policies and regulations for adoption of advanced technologies across various industries.
Economic: Robust economic growth in emerging regions has increased investments in infrastructure and industrial IoT. This favors demand for telemetry systems for remote monitoring of critical assets and equipment performance.
Social: Growing awareness of benefits of real-time data monitoring and analysis for optimized operations is a key factor driving adoption of telemetry systems across industry verticals.
Technological: Advancements in communication technologies have enabled development of compact and low-cost telemetry solutions for wireless data transmission over long distances. Further, integration of artificial intelligence and analytics is augmenting the capabilities of advanced telemetry systems.
As per Global Telemetry Market Regional Analysis North America accounted for the largest share of the global telemetry market in 2024, led by substantial investments in critical infrastructure modernization, and presence of leading players.
However, Asia Pacific is projected to witness the fastest growth during the forecast period with countries like China, India, and Japan emerging as high potential markets. This can be attributed to rising industrial automation, focus on upgrading aging infrastructure, and government initiatives to enhance manufacturing and utilities monitoring networks.
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
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