Global Aerospace and Defense Telemetry Market to Reach $21.9 Billion by 2026

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Aug 18, 2021, 10:10 ET

SAN FRANCISCO, Aug. 18, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Aerospace and Defense Telemetry - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

Global Aerospace and Defense Telemetry Market

FACTS AT A GLANCE
Edition: 4; Released: April 2021
Executive Pool: 3883
Companies: 10 - Players covered include BAE Systems PLC; Cobham PLC; Curtiss-Wright Corporation; Dassault Aviation SA; Honeywell International, Inc.; Kongsberg Gruppen ASA; L-3 Communications Holdings, Inc.; Zodiac Aerospace and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Aerospace Telemetry, Defense Telemetry)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Aerospace and Defense Telemetry Market to Reach $21.9 Billion by 2026
Amid the COVID-19 crisis, the global market for Aerospace and Defense Telemetry estimated at US$19.7 Billion in the year 2020, is projected to reach a revised size of US$21.9 Billion by 2026, growing at a CAGR of 1.8% over the analysis period. Aerospace Telemetry, one of the segments analyzed in the report, is projected to record 1.7% CAGR and reach US$15.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Defense Telemetry segment is readjusted to a revised 1.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $5.3 Billion in 2021, While China is Forecast to Reach $3.5 Billion by 2026
The Aerospace and Defense Telemetry market in the U.S. is estimated at US$5.3 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.5 Billion by the year 2026 trailing a CAGR of 1.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.7% and 1.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.4% CAGR. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.