The global telemetry market is expected to witness lucrative growth opportunities over the forecast period owing to the advantages associated with it includes its ability to allow patients to move freely during the cardiac monitoring procedures. Increasing transmission of meteorological data and rising demand for the development of instruments that can remotely measure any data are few factors that are expected to boost the global telemetry market. Moreover, telemetry has wide application areas such as the oil & gas industry, water management, defense, flight testing, agriculture, and healthcare. Furthermore, rising demand for cloud computing in almost all sectors such as law enforcement, military intelligence, and healthcare are few factors driving the global telemetry market. However, high capital investment associated with telemetry and low awareness levels are few factors which are expected to impede market growth.
On the basis of application, the market is segmented into energy utilities, healthcare, automation, retail, oil & gas, logistics, agriculture, aerospace & defense, hydrography, wildlife, and oceanography. In 2014, healthcare, energy & utilities, and retail sectors are amongst the highest revenue-generating product segments included in the study. Increasing importance of medical monitoring of biological signals such as EKG, EEG and EOG, growing demand of such technologies in a critical medical environment, and rising need for wireless technology in order to transmit signals over a large distance are some factors attributing to its large share. On the basis of technology, the market is segmented into wired link, wireless and data loggers. The wireless segment is anticipated to witness lucrative growth opportunities over the forecast period owing to the rising demand for such technologies in the healthcare system such as wireless cardiac monitors and technological advancements in the field of wireless medical telemetry services. Global telemetry market, by sensors components, is segmented into pressure sensors, position sensors, vehicle dynamics sensors, torque sensors, GPS sensors, temperature sensors, vibration sensors, weather prediction sensors, strain gauge sensors, voltage sensors, load cells sensors, resistance sensors, current sensors, magnetic RPM sensors, displacement sensors, and optic RPM sensors.
North America, Europe, Asia Pacific, MEA, and Latin America are key geographies included in the study. In 2014, North America is expected to be one of the highest revenue-generating regional market. Increasing prevalence of cardiovascular disorder and raising awareness among patients & healthcare practitioners regarding technological advancements in the field of telemetry is one of the key factors attributing to large share. Additionally, favorable government initiatives, increasing R&D initiatives and rising demand of telemetry in connected car concept, lighting management applications, smart meters for energy utilization and smart sensors are some factors which are expected to positively reinforce the market. Asia Pacific is anticipated to witness lucrative growth opportunities over the forecast period. Increasing disposable income and rising government initiatives pertaining to the development of telemetry infrastructure in the region are key factors attributing to its rapid growth.
Key players operating in the global telemetry market include Philips Healthcare, GE Healthcare, Spacelabs Medical, Nihon Kohden, Astro Med Inc., and Lindsay Corporation.
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