Global IoT in Aerospace & Defense Market Segments 2024, Forecast To 2033
5 Mar, 2024
The IoT in aerospace & defense market has witnessed rapid growth, increasing from $48.83 billion in 2023 to $56.63 billion in 2024, with a 16.0% CAGR. The historic period's growth is attributed to increased connectivity needs and predictive maintenance demand. Expecting rapid growth, the market is projected to reach $96.36 billion in 2028 with a 14.2% CAGR, driven by cybersecurity emphasis and advancements in edge computing.
Global IoT in Aerospace & Defense Market Key Driver
IoT in the aerospace and defense market growth is driven by the increase in cyber-attacks on the aviation industry. Cybercrime reports reached 76,000 in 2022, reflecting a nearly 13% increase. The rising cyber-attacks drive the IoT in the aerospace and defense market, according to the Australian Cyber Security Centre.
Get A Free Sample Of The Global IoT in Aerospace & Defense Market ReportGlobal IoT in Aerospace & Defense Market Segments
The iot in aerospace & defense market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Connectivity Technology: Cellular, Wi-Fi, Satellite Communication, Radio Frequency
3) By Deployment Mode: On-Premise, Cloud
4) By Application: Fleet Management, Inventory Management, Equipment Maintenance, Security, Other Applications
5) By End User: Space Systems, Ground Vehicles, Other Users
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the IoT in the Aerospace and Defense market in 2023. The regions covered in the iot in aerospace & defense market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major IoT in Aerospace & Defense Industry Players
AeroVironment Inc.; AT&T Intellectual Property; FreeWave Technologies Inc.; General Atomics Aeronautical Systems Inc.; Honeywell International Inc.; Northrop Grumman Corporation; Elbit Systems Ltd.; Prox Dynamics; Radisys Corporation; Textron Systems Corporation; Airbus SE; Boeing Company; BAE Systems plc; SAP SE; General Electric Company; Bombardier Inc.; CACI International Inc.; Cobham plc; Collins Aerospace; Cubic Corporation; Curtiss-Wright Corporation; Dassault Aviation SA; Embraer SA; General Dynamics Corporation; Harris Corporation; L3Harris Technologies Inc.; Leonardo SpA; Lockheed Martin Corporation; Moog Inc.; RTX Corporation; Rockwell Collins; Saab AB; Safran SA; Thales Group; United Technologies Corporation; Woodward Inc.; Zebra Technologies; Zephyr Aerospace
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AIOps IoT in Aerospace & Defense Market Overview
IoT in aerospace and defense refers to the use of Internet of Things solutions to increase operational efficiencies and product quality for various activities in the aerospace and defense sector. IoT in aerospace and defense. It improves overall flight safety and control to achieve maximum operating efficiency with features such as predictive maintenance, data analytics, and smart surveillance.
IoT in Aerospace & Defense Global Market Report 2023 provides data on the global iot in aerospace & defense market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The iot in aerospace & defense market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.