IOT in Defense Market Size, Share, Analysis Report

IOT in Defense Market By Component Analysis (Hardware, Software, Services); By Connectivity Technology Analysis (Cellular, Wi-Fi, Satellite Communication, Radio Frequency); By Industrial Vertical Analysis (Real Time Fleet Management (RTFM), Health Monitoring Training & Simulation, Training & Simulation, Equipment Maintenance, Inventory Management) and By Regional Analysis – Global Forecast by

The IoT in Defense Market is expected to be around US$ 35.90 Billion by 2028 at a CAGR of 12% in the given forecast period.

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MARKET SNAPSHOT

Major Players

  • AeroVironment Inc.
  • AT & T
  • Textron Systems
  • Northrup Grunman
  • Elbit Systems
  • Study period:

    2023-2028

    Base Year:

    2022

    CAGR:

    11

    Fastest Growing Market:

    APAC

    Largest Market:

    North America

    REPORT DESCRIPTION

    The IoT in Defense Market is expected to be around US$ 35.90 Billion by 2028 at a CAGR of 12% in the given forecast period.

    The requirement to improve the national security has surged the demand for global IoT in defense market. The defense industry of an area is perceived as a valuable asset for the national territory, and it is vital that this sector be equipped with advanced technology. As a result, demand for military IoT in the defense industry has been rising at a rapid pace in the past few years. National territories desperately require higher physical security on a national scale, and defense IoT plays a prominent role in achieving this goal. The infrastructure potentials of defense sector have changed drastically over the last decade. Furthermore, the availability of a unified electronic manufacturing base across countries has also played a vital role in the growth of the global IoT in defense market.

    The global IoT in Defense market is segregated on the basis of Application as Equipment Maintenance, Health Monitoring, Real-Time Fleet Management, Training & Simulation and Inventory Management. Based on Element the global IoT in Defense market is segmented in Software, Hardware and Services. Based on Accessibility the global IoT in Defense market is segmented in Cellular, Wi-Fi, Radio Frequency Identification and Others.

    The global IoT in Defense market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The IoT in Defense market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

    Competitive Rivalry

    Freewave Technologies, Northrop Grumman, At & T, Radisys, Aerovironment Inc., General Atmoics, Aeronautical Sysytems, Textron Sysytems, Honeywell International Inc., and others are among the major players in the global IoT in Defense market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.

    The IoT in Defense Market has been segmented as below:

    IoT in Defense Market, By Application

    • Equipment Maintenance
    • Health Monitoring
    • Real-Time Fleet Management
    • Training & Simulation
    • Inventory Management

    IoT in Defense Market, By Element

    • Software
    • Hardware
    • Services

    IoT in Defense Market, By Accessibility

    • Cellular
    • Wi-Fi
    • Radio Frequency Identification
    • Others

    IoT in Defense Market, By Region

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    IoT in Defense Market, By Company

    • Freewave Technologies
    • Northrop Grumman
    • At & T
    • Radisys
    • Aerovironment Inc.
    • General Atmoics
    • Aeronautical Sysytems
    • Textron Sysytems
    • Honeywell International Inc.
    • Elbit Systems
    • Prox Dynamics

    The report covers:

    • Global IoT in Defense market sizes from 2021 to 2028, along with CAGR for 2023-2028
    • Market size comparison for 2022 vs 2028, with actual data for 2022, estimates for 2023 and forecast from 2024 to 2028
    • Global IoT in Defense market trends, covering comprehensive range of consumer trends & manufacturer trends
    • Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global IoT in Defense market
    • Major market opportunities and challenges in forecast timeframe to be focused
    • Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
    • Comprehensive company profiles of the key industry players

    Report Scope:

    The global IoT in Defense market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global IoT in Defense market share. Major industry players with significant revenue share include Freewave Technologies, Northrop Grumman, At & T, Radisys, Aerovironment Inc., General Atmoics, Aeronautical Sysytems, Textron Sysytems, Honeywell International Inc., and others.

    Reasons to Buy this Report:

    • Gain detailed insights on the IoT in Defense industry trends
    • Find complete analysis on the market status
    • Identify the IoT in Defense market opportunities and growth segments
    • Analyse competitive dynamics by evaluating business segments & product portfolios
    • Facilitate strategy planning and industry dynamics to enhance decision making

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    MARKET SEGMENTATION
    1.    Introduction
    1.1.    Key Points
    1.2.    Report Description
    1.3.    Markets Covered
    1.4.    Stakeholders
    2.    Research Methodology
    2.1.    Research Scope
    2.2.    Market Research Process
    2.3.    Research Data Analysis
    2.3.1.1.    Secondary Research
    2.3.1.2.    Primary Research
    2.3.1.3.    Models for Estimation
    2.4.    Market Size Estimation
    2.4.1.    Bottom-Up Approach- Segmental Market Analysis
    2.4.2.    Top-Down Approach- Parent Market Analysis
    3.    Executive Summary
    4.    Market Overview
    4.1.    Introduction
    4.1.1.    Drivers
    4.1.2.    Restraints
    4.1.3.    Opportunities
    4.1.4.    Challenges
    4.2.    Porter’s Five Force Analysis
    5.    IoT in Defense Market, By Application
    5.1.    Introduction
    5.2.    Equipment Maintenance
    5.2.1.    Market Overview
    5.2.2.    Market Size and Forecast
    5.3.    Health Monitoring
    5.3.1.    Market Overview
    5.3.2.    Market Size and Forecast
    5.4.    Real-Time Fleet Management
    5.4.1.    Market Overview
    5.4.2.    Market Size and Forecast
    5.5.    Training & Simulation
    5.5.1.    Market Overview
    5.5.2.    Market Size and Forecast
    5.6.    Inventory Management
    5.6.1.    Market Overview
    5.6.2.    Market Size and Forecast
    6.    IoT in Defense Market, By Element
    6.1.    Introduction
    6.2.    Software
    6.2.1.    Market Overview
    6.2.2.    Market Size and Forecast
    6.3.    Hardware
    6.3.1.    Market Overview
    6.3.2.    Market Size and Forecast
    6.4.    Services
    6.4.1.    Market Overview
    6.4.2.    Market Size and Forecast
    7.    IoT in Defense Market, By Accessibility
    7.1.    Introduction
    7.2.    Cellular
    7.2.1.    Market Overview
    7.2.2.    Market Size and Forecast
    7.3.    Wi-Fi
    7.3.1.    Market Overview
    7.3.2.    Market Size and Forecast
    7.4.    Radio Frequency Identification
    7.4.1.    Market Overview
    7.4.2.    Market Size and Forecast
    7.5.    Others
    7.5.1.    Market Overview
    7.5.2.    Market Size and Forecast
    8.    IoT in Defense Market, By Geography
    8.1.    Introduction
    8.2.    North America
    8.2.1.    North America IoT in Defense, By Application
    8.2.2.    North America IoT in Defense, By Element
    8.2.3.    North America IoT in Defense, By Accessibility
    8.3.    Europe
    8.3.1.    Europe IoT in Defense, By Application
    8.3.2.    Europe IoT in Defense, By Element
    8.3.3.    Europe IoT in Defense, By Accessibility
    8.4.    Asia-Pacific
    8.4.1.    Asia-Pacific IoT in Defense, By Application
    8.4.2.    Asia-Pacific IoT in Defense, By Element
    8.4.3.    Asia-Pacific IoT in Defense, By Accessibility
    8.5.    Rest of the World
    8.5.1.    Rest of the World IoT in Defense, By Application
    8.5.2.    Rest of the World IoT in Defense, By Element
    8.5.3.    Rest of the World IoT in Defense, By Accessibility
    9.    Competitive Insights
    9.1.    Key Insights
    9.2.    Company Market Share Analysis
    9.3.    Strategic Outlook
    9.3.1.    Mergers & Acquisitions
    9.3.2.    New Product Developments
    9.3.3.    Portfolio/Production Capacity Expansions
    9.3.4.    Joint Ventures, Collaborations, Partnerships & Agreements
    9.3.5.    Others
    10.    Company Profiles
    10.1.    Freewave Technologies
    10.1.1.    Company Overview
    10.1.2.    Product/Service Landscape
    10.1.3.    Financial Overview
    10.1.4.    Recent Developments
    10.2.    Northrop Grumman
    10.2.1.    Company Overview
    10.2.2.    Product/Service Landscape
    10.2.3.    Financial Overview
    10.2.4.    Recent Developments
    10.3.    At & T
    10.3.1.    Company Overview
    10.3.2.    Product/Service Landscape
    10.3.3.    Financial Overview
    10.3.4.    Recent Developments
    10.4.    Radisys
    10.4.1.    Company Overview
    10.4.2.    Product/Service Landscape
    10.4.3.    Financial Overview
    10.4.4.    Recent Developments
    10.5.    Aerovironment Inc.
    10.5.1.    Company Overview
    10.5.2.    Product/Service Landscape
    10.5.3.    Financial Overview
    10.5.4.    Recent Developments
    10.6.    General Atmoics
    10.6.1.    Company Overview
    10.6.2.    Product/Service Landscape
    10.6.3.    Financial Overview
    10.6.4.    Recent Developments
    10.7.    Aeronautical Sysytems
    10.7.1.    Company Overview
    10.7.2.    Product/Service Landscape
    10.7.3.    Financial Overview
    10.7.4.    Recent Developments
    10.8.    Textron Sysytems
    10.8.1.    Company Overview
    10.8.2.    Product/Service Landscape
    10.8.3.    Financial Overview
    10.8.4.    Recent Developments
    10.9.    Honeywell International Inc.
    10.9.1.    Company Overview
    10.9.2.    Product/Service Landscape
    10.9.3.    Financial Overview
    10.9.4.    Recent Developments
    10.10.    Elbit Systems
    10.10.1.    Company Overview
    10.10.2.    Product/Service Landscape
    10.10.3.    Financial Overview
    10.10.4.    Recent Developments
    10.11.    Prox Dynamics
    10.11.1.    Company Overview
    10.11.2.    Product/Service Landscape
    10.11.3.    Financial Overview
    10.11.4.    Recent Developments

    The IOT in Defense has been segmented as below:

    By Component Analysis:

    • Hardware
    • Software
    • Services

    By Connectivity Technology Analysis:

    • Cellular
    • Wi-Fi
    • Satellite Communication
    • Radio Frequency
    • Others

    By Industrial Vertical Analysis:

    • Real Time Fleet Management (RTFM)
    • Health MonitoringTraining & Simulation
    • Training & Simulation
    • Equipment Maintenance
    • Inventory Management
    • Others

    By Regional Analysis:

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

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    The market is expected to grow at a CAGR of 12% during the study period (2023-2028)
    IoT in Defense Market is expected to reach at US$ 35.90 Billion by 2028
    The segment included in IoT in Defense Market is Component, Connectivity Technology, Industrial Vertical and region.
    Some key players operating in the IoT in Defense Market include AeroVironment, Inc., AT & T, Textron Systems, Northrup Grunman, Elbit Systems, Honeywell International, Inc., General Atomics Aeronautical Systems
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