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Aerospace and Defense Edge Computing Market Size, Share, and COVID-19 Impact Analysis, By Component (Hardware, Software, and Service)), By Application (Industrial IoT, Remote Monitoring, AR/VR, and Others), By End User (Land, Naval, and Ground), and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI107232 | Status : Ongoing

 

KEY MARKET INSIGHTS

Edge computing is a distributed computing framework that brings enterprise applications closer to data sources such as IoT devices and on-premises edge servers. This proximity to data at its source can provide powerful business benefits. Faster insight, improved response times, and better bandwidth availability.


Edge computing is revolutionizing information technology and its military applications by bringing computing and data storage closer to the source of the data. This process reduces latency, increases the speed at which data is processed closer to the end user, and enables near real-time decision-making. This available capability allows troops to increase their operational dynamics and overwhelm their opponents.

Additionally, edge computing is transforming technology and its military and defense applications by bringing computing and data storage closer to the source of the data. This process reduces latency, increases the speed at which data is processed closer to the end user, and enables near real-time decision-making. This available capability allows troops to increase their operational dynamics and overwhelm their opponents.

Impact of COVID-19 on the Aerospace and Defense Edge Computing Market


The COVID-19 outbreak had a major impact on the global economy at its peak in 2020, and the crisis also affected business activities in the IT sector. The outbreak has moved to edge computing as the work-from-home model has accelerated the shift to move data processing and delivery functions closer to the data source to increase convenience for remote employees without altering computer intelligence and security. It has benefited the lighting market.


  • The aerospace and defense edge computing market includes major players such as ADLINK Technology; Amazon Web Services, Inc.; Dell Technologies; EdgeConnex Inc.; FogHorn Systems; International Business Machine Corporation; Litmus Corporation; Microsoft Corporation; The Hewlett Packard Enterprise Company; and Vapor IO, Inc. These players have spread their businesses across different countries including North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. COVID-19 has also impacted their business.


The pandemic has forced organizations to quickly move critical workloads to the cloud to keep their businesses running smoothly. As the cloud gained momentum, organizations began paving the way for optimizing networks, storage capacity, and agility, and edge computing proved to be the perfect solution to meet the required capabilities. Low latency and high bandwidth. Significant emergence of advanced technologies such as the Internet of Things (IoT) and Internet of Behavior (IoB). The adoption of self-driving cars is one of the main factors driving the demand for edge computing.

Key Insights


The report will cover the following key insights:


  • The report analyzes a detailed overview of the industry, including qualitative and quantitative information.

  • It analyzes an overview and forecast of the global aerospace and defense edge market based on various segments.

  • It also analyzes market size estimates and forecasts from the year 2019 to 2028 covering five major regions: North America, Europe, Asia-Pacific (APAC), rest of the World. The aerospace and defense edge market by region will subsequently be divided into respective countries and segments.

  • The report covers analysis and forecasts from 18 countries around the world, along with current trends and opportunities in the region.


Regional Analysis


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The North American region is predicted to lead the aerospace and defense edge computing market over the forecast period. The growth of the aerospace and defense edge computing market in North America is mainly driven by the increasing focus on increasing investments in edge computing technologies by the countries in this region. Additionally, factors such as rising geopolitical tensions and rising defense expenditures are expected to drive the demand for the aerospace and defense edge computing market in the region.

Key Players Covered


The report includes the profiles of key players such as BAE Systems (The U.K.), Boeing (The U.S.), Azion Technologies (The U.S.), GE Digital (The U.S.), Lockheed Martin Corporation (The U.S.), Northrop Grunmman Corp (The U.S), Safran (France), Thales Group (France), CISCO (The U.S.), Axellio (The U.S.), And others

Segmentation


















By Component


By Application


By End User


By Geography



  • Hardware

  • Software

  • Service



 

 

 

 

 

 


  • Industrial IoT

  • Remote Monitoring

  • AR/VR

  • Others



 

 

 

 

 

 


  • Land

  • Naval

  • Ground


 



  • North America (U.S. and Canada)

  • Europe (U.K., Germany, France, Russia and Rest of Europe)

  • Asia Pacific (India, China, Japan, South Korea and Rest of APAC)

  • Rest of the World (Middle East & Africa and Latin America)



Key Industry Developments



  • In August 2022, The Department of Defense’s (DoD) Under Secretary of Defense for Research and Engineering (R&E) Capability Prototypes Office held a meeting with the Air Force Research Laboratory (AFRL) Transformational Capabilities Office (TCO) and announced to launch virtual solutions which focus on Edge Computing in fall 2022.



  • In September 2021, AT&T signed a new contract with the U.S. military that includes experiments to connect unmanned robots, aerial drones, and autonomous underwater vehicles into a single system powered by 5G and edge computing.





  • Ongoing
  • 2023
  • 2019-2022

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Aerospace & Defense Clients

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Gallagher
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