The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

An increase in cyber-attacks on the aviation industry is likely to boost IoT innovation in aerospace and defence production, propelling the market over the forecast period.

The global IoT in aerospace and defense market is expected to grow from $42.08 billion in 2022 to $48.83 billion in 2023 at a compound annual growth rate (CAGR) of 16.1%. The global IoT in aerospace & defense market size is expected to reach $84.44 billion in 2027 at a CAGR of 14.7%.

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Global IoT In Aerospace And Defense Market Segments Include:

• By Component: Hardware, Software, Services
• By Connectivity Technology: Cellular, Wi-Fi, Satellite Communication, Radio Frequency
• By Deployment Mode: On-Premise, Cloud
• By Application: Fleet Management, Inventory Management, Equipment Maintenance, Security, Other Applications
• By End User: Space Systems, Ground Vehicles, Other Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global IoT in aerospace and defense market in 2021.

Major Market Players in the IoT in aerospace and defense market include AeroVironment Inc., AT&T Intellectual Property, FreeWave Technologies Inc., General Atomics, Honeywell International Inc., Northrop Grumman, Elbit Systems Ltd.

Product innovation is a significant trend that is gaining traction in the IoT market in the aerospace and defence industries. Major companies in the aerospace and defence markets that use IoT are focusing on producing new products. For example, in September 2021, EDJX, a computing platform firm based in the United States, and Cubic Corporation, a technology solutions company based in the United States, established a combined Internet of Military Things Edge Platform. It is a one-of-a-kind architecture that integrates Cubic Corporation’s edge computing and networking technology with EDJX EdjOS to provide a converged infrastructure solution. This platform also has significant ramifications for IoT and cutting-edge AI technologies. The EDJX platform provides a huge step forward in edge computing. It enables intelligent Internet of Things (IoT) and C2 application solutions to scale from base to battlefield, minimising cognitive lift while increasing operational tempo for military personnel.

The IoT In Aerospace And Defense Global Market Report 2023  provides a IoT in aerospace and defense market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The IoT in aerospace and defense market forecast analyzes IoT in aerospace and defense market size, IoT in aerospace and defense market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The use of Internet of Things solutions to boost operational efficiencies and product quality for various activities in the aerospace and defence sector is referred to as IoT in aerospace and defence. IoT applications in aerospace and defence. With capabilities like predictive maintenance, data analytics, and smart surveillance, it improves overall flight safety and control to achieve optimal operational efficiency.

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