"Smart Strategies, Giving Speed to your Growth Trajectory"

IoT in Aerospace & Defence Market Size, Share and Global Trend By Components (Software Platforms & Service), By End User (Space Systems, Ground Vehicles, and others) and Regional Forecast, 2024-2032

Region : Global | Report ID: FBI100305 | Status : Ongoing

 

KEY MARKET INSIGHTS

IoT in Aerospace & Defence Market comprises of various tools and services enabling better management of the industry. It includes various activities such as fleet management, equipment maintenance, health monitoring, inventory management, advanced analytics, and others. IoT in aerospace & defence offers unscheduled aircraft maintenance, tail allocation, sensory inputs, reliable & secure communications, and cloud application development services and enables military commanders to make optimal decisions based on real-time reporting, using devices such as satellite communication, ISR and GPS. The increase in the defence budgets of many countries including China, India etc. are expected to contribute in the global aerospace and defence market. China raises its defence budget by 7.5% to reach an amount of US$ 177.6 Bn in 2019. India also raised its defence budget to reach US$ 44.6 Bn in 2019.


To gain extensive insights into the market, Request for Customization


The increase in internet penetration, infrastructure, growth in demand for automation and analytics are the factors that reduce the cost of powerful sensors and controllers used in the aerospace & defence sector. Furthermore, growth in information, communication, & technology (ICT) and expenditure by governments in the several developed and the developing regions including North America, Europe, and Asia-Pacific have also contributed

KEY PLAYERS COVERED


The key players operating in the global IoT in aerospace & defence market include AeroVironment, Inc., AT & T, Elbit Systems, FreeWave Technologies, General Atomics Aeronautical Systems, Honeywell International, Inc., Northrup Grunman, Prox Dynamics, Radisys, and Textron Systems.

SEGMENTATION






















 Segmentation


 Details


By Components


·      Software Platforms

·      Service


By End Use

 


·      Space Systems

·      Ground Vehicles

·      Airframes, Aircraft Fleets and MROs

·      Naval Systems


By Geography


·      North America (USA and Canada)

·      Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)

·      Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

·      Latin America (Brazil, Mexico and Rest of Latin America)

·      Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)


Government initiatives in upgrading the defence and aerospace sector in several developing regions is expected to act as an opportunity for the growth of global IoT in the aerospace and defence market. Currently, emerging markets such as China, Brazil, and India, have doubled their defence expenditure as compared to the earlier investment.

REGIONAL ANALYSIS


North America generated the highest revenue in the global market in 2016, owing to technologically equipped infrastructure, high adoption of Internet of Things (IoT), and growth in demand for IoT in aerospace & defence tools. Moreover, the market in Asia-Pacific is also expected to grow rapidly owing to rise technological upgrades including industrial infrastructure evolution to a smart environment and integration of blockchain and cryptographic processes across IoT security services. Asia-Pacific is anticipated to witness a significant growth rate during the forecast period, owing to emerging economies, such as China and India, increase in urbanization, and other factors. The Indian government plans to establish Centres of Excellence (CoEs) for research, digital manufacturing, training and skilling in Robotics AI, Big Data Analytics, quantum communication and IoT.

 











Key Industry Developments


· In 2018: The development of smart airports brought a revolution in the IoT in the aerospace market to extract meaningful real-time data for passengers.

· In January 2018: AeroVironment Announces Joint Venture with HAPSmobile to fund development and production of solar-powered high-altitude unmanned aircraft systems in a contract of US$ 65 Mn.


  • Ongoing
  • 2023
  • 2019-2022

    CHOOSE LICENSE TYPE

  • $4850
    $5850
    $6850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Information & Technology Clients

Bain & Company
Hitachi
ey
Lek
Toshiba

Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X