The global telemetry market size is anticipated to hit USD 202.60 billion by 2028 and exhibit a CAGR of 7.68% during the forecast period. The rising demand for Wireless Medical Telemetry Devices (WMTD) is projected to bolster the market growth in the coming years. Fortune Business InsightsTM has presented this information in its report titled “Telemetry Market, 2021-2028”. The market size stood at USD 116.85 billion in 2020 and USD 120.66 billion in 2021.
Additionally, increasing adoption of advanced technologies, including artificial intelligence (AI) and the Internet of Things (IoT) is expected to be a key trend influencing the market growth. The incorporation of such advanced technologies augments the performance of telemetry systems and is expected to boost the market growth.
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List of Key Market Players:
Segmentation:
Technology, Component, Application, and Region are studied for the Market
On the basis of technology, the market is fragmented into digital telemetry, acoustic telemetry, data loggers, wireless telemetry systems, and wire-link. On the basis of component, it is bifurcated into software and hardware. On the basis of application, it is categorized into hydrography, oil & gas, marine & oceanography, logistics & transportation (vehicle), agriculture & wildlife, industry & automation, aerospace & defense, consumer telemetry, and healthcare. Geographically, it is studied across Asia Pacific, Europe, North America, and the rest of the world.