Telemetric devices market is anticipated to grow at a considerable CAGR of 16.0% during the forecast period. The growing trend of connected devices across several industrial verticals is a key factor driving the growth of the global market. The increasing trend of health consciousness & technology miniaturization is taking the application of telemetric devices from hospital vital monitors to wearable devices which collect data such as ECG, oxygen and other vital signs. According to Cisco Systems, the number of connected wearable devices worldwide is expected to reach 1,105 million devices by 2022. This is further driving the growth of the global market.
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The increasing innovation in technology is driving the market and miniaturizing the devices even further. Philips has developed a product named VitalSense, which is a telemetric physiological monitoring system that enables continuous monitoring of core body temperature, dermal temperature, and heart & respiration rate all of this without any wires or probes. The popularity of wearable health-tracking devices is further contributing to the market growth. However, the increasing data security concern will restrain the market growth.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Telemetric Devices Market by Components
- Hardware
- Software
Global Telemetric Devices Market by Application
- Healthcare
- Aerospace & Defense
- Consumer Electronics
- Logistics & Transportation
- Energy & Power
- Oil & Gas
- Others (Hydrography)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Actsoft, Inc.
- Agero Inc.
- BSM Technologies Inc.
- CalAmp Corp.
- Daimler AG
- Cisco Systems, Inc.
- Geotab Inc.
- Masternaut Ltd.
- Mix Telematics Ltd.
- HERE Global B.V.
- Octo Group S.p.A
- Omnitracs, LLC
- OnStar Corp.
- ORBCOMM Inc.
- Tantalum Corp.
- Telit IoT Platforms, LLC
- Tomtom International BV
- Trimble Inc.
- WirelessCar AB
- Verizon Wireless Inc.
- Wex Inc.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global telemetric devices market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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