Aerospace Telemetry Market

What is Telemetry?

Telemetry is a technical term which refers to the technology of transmission of inaccessible data to accessible location. 'Tele' for 'remote' and 'metron' (metry) for 'measure'. According to Wikipedia, Telemetry is applied in various fields like meteorology, oil and gas industry, swimming pools, defense exploration, space exploration, resource exploration, water management, agriculture, flight testing, military intelligence, energy monitoring etc.

                                                       (source:- einstein.stanford.edu)

What is Aerospace Telemetry?

Aerospace Telemetry is defined as the technology of data transmission through an aerospace vehicle like space shuttle to an location which is accessible. The word 'aerospace' specifically signifies the air space vehicle which is a prime medium of transmission in this science.

                                            (source:- engr.sjsu.edu)

What is the market scenario of Aerospace Telemetry?

According to a well known research firm 'Marketsandmarkets', the global Telemetry Market in Aerospace & Defense is estimated to be $17.01 Billion in 2014 and is expected to register a CAGR of 1.73% to reach $18.53 Billion by 2019. For more information about the market scenario of Aerospace Telemetry, follow the link mentioned below:-

http://www.allvoices.com/contributed-news/16891005-aerospace-telemetry-market-will-be-worth-1853-billion-by-2019

Oilfield Communications Market

What is oilfield? Oilfield is an area or to be more specific, its a region where oilwells are present in large amount. Petroleum a.k.a crude oil is extracted from these oilwells from deep beneath the ground. These oilwells are spread over a vast region, to say, hundred of kilometers. This entire region is referred as oilfield.

Oilfields are located far distant from urban or rural areas. Therefore, the companies in this business require a strong communication network through which they can keep connected to their different oilfields. Also, the companies involved in the business of oilfields are in continuous search of oilfields in distant and remote harsh locations. This reason promotes the necessity for the establishment of a communication solutions of high bandwidth. Thus, the operators of such oil exploration companies are implementing latest technology to aid the communication required at their various locations. 

                                                              (Source:- media.bizj.us)

Due to this factor, the oilfield communication market has grown tremendously over past few years. According to Marketsandmarkets, the global market of oilfield communications is estimated to grow from $2.37 billion in 2014 to $3.18 billion in 2019, at a compound annual growth rate (CAGR) of 6.1% during the forecast period of 2014-2019. This surely provides a glimpse of oilfield communications market growth in the next coming years. For more information about the oilfield communications market, follow the link mentioned below:-
http://banmidow007.newsvine.com/_news/2014/04/07/23406291-oilfield-communications-market-worth-318-billion-by-2019