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Report
IoT in Aerospace & Defence Market by Component (Hardware, Software, Services), Connectivity Technology (Cellular, Wi-Fi, Satellite Communication, Radio Frequency), Deployment Mode (On-premises, Cloud-based), Application (Fleet Management, Inventory Management, Equipment Maintenance, Security, and Others), and Region 2024-2032
Market Report I 2024-04-08 I 140 Pages I IMARC Group
The global IoT in aerospace & defence market size reached US$ 50.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 72.7 Billion by 2032, exhibiting a growth rate (CAGR) of 3.97% during 2024-2032. The significant expansion in the aerospace industry, extensive research and development (R&D) activities, and the increasing utilization of IoT in the defense industry due to the growing concerns for national security represent some of the key factors driving the market.
The internet of things (IoT) in aerospace and defense refers to the technological solution used for connecting mechanical equipment and objects to the internet. It comprises various tools and services enabling better management of the industry and utilization of networked smart devices with real-time data cooperation. It is widely used in health management, repair and maintenance, mobility planning, inventory control, analytical tools, and remote monitoring. IoT in aerospace and defense helps to increase overall efficiency and safety and achieve optimum operational efficiency through predictive maintenance, data analytics, and smart surveillance features. It also assists in controlling temperature in the cabin, enhancing aircraft safety and operation performance, managing traffic, improving passenger experience and luggage management, reducing various recurring complexities, and optimizing maintenance.
IoT in Aerospace & Defence Market Trends:
Significant expansion in the aerospace industry across the globe is one of the key factors driving the market growth. This can be attributed to the various associated advantages, such as increased engine fuel economy, noise performance improvement, and emission cancellation, which is favoring the market growth. Moreover, IoT in aerospace is widely used to track air conditions and the flow of passengers and allows real-time monitoring of aircraft systems. The increasing utilization of IoT in the defense industry due to the growing concerns for national security is acting as another growth-inducing factor. Apart from this, the rising demand for combining sensor systems, actuators, and control systems with existing military infrastructures and the widespread utilization of networked cameras and flying drones, survey the battlefield to map the terrain and enemy positions and send the information to the command center are providing an impetus to the market growth. Additionally, the extensive application of IoT in defense due to its benefits, including high satellite connection, enhanced security, and quick decision-making abilities, is propelling the market growth. Furthermore, the widespread utilization of IoT for emergency calling, activating public warning systems, mission-critical logistics support, and communication regarding situational awareness, along with the increasing demand for real-time tracking of armed truck's speed and braking system, is positively influencing the market growth. Other factors, including increasing internet penetration, extensive research and development (R&D) activities, and the implementation of various government initiatives to upgrade the defense and aerospace sectors, are anticipated to drive the market growth further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global IoT in aerospace & defence market, along with forecasts at the global, regional, and country level from 2024-2032. Our report has categorized the market based on component, connectivity technology, deployment mode, and application.
Component Insights:
Hardware
Software
Services
The report has provided a detailed breakup and analysis of the IoT in aerospace & defence market based on the component. This includes hardware, software, and services. According to the report, hardware represented the largest segment.
Connectivity Technology Insights:
Cellular
Wi-Fi
Satellite Communication
Radio Frequency
The report has provided a detailed breakup and analysis of the IoT in aerospace & defence market based on connectivity technology. This includes cellular, Wi-Fi, satellite communication, and radio frequency. According to the report, cellular represented the largest segment.
Deployment Mode Insights:
On-premises
Cloud-based
The report has provided a detailed breakup and analysis of the IoT in aerospace & defence market based on the deployment mode. This includes on-premises and cloud-based. According to the report, cloud-based represented the largest segment.
Application Insights:
Fleet Management
Inventory Management
Equipment Maintenance
Security
Others
The report has provided a detailed breakup and analysis of the IoT in aerospace & defence market based on the application. This includes fleet management, inventory management, equipment maintenance, security, and others. According to the report, fleet management represented the largest segment.
Regional Insights:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, North America was the largest market for IoT in aerospace & defence. Some of the factors driving the North America IoT in aerospace & defence market included increasing internet penetration, extensive research and development (R&D) activities, and various technological advancements.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global IoT in aerospace & defence market. Detailed profiles of all major companies have also been provided. Some of the companies covered include AeroVironment Inc., AT&T Inc, Elbit Systems Ltd, Freewave Technologies Inc., Northrop Grumman Corporation, SAP SE, Synopsys Inc. etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
1. How big is the global IoT in aerospace & defense market?
2. What is the expected growth rate of the global IoT in aerospace & defense market during 2024-2032?
3. What are the key factors driving the global IoT in aerospace & defense market?
4. What has been the impact of COVID-19 on the global IoT in aerospace & defense market?
5. What is the breakup of the global IoT in aerospace & defense market based on the component?
6. What is the breakup of the global IoT in aerospace & defense market based on the connectivity technology?
7. What is the breakup of the global IoT in aerospace & defense market based on the deployment mode?
8. What is the breakup of the global IoT in aerospace & defense market based on the application?
9. What are the key regions in the global IoT in aerospace & defense market?
10. Who are the key players/companies in the global IoT in aerospace & defense market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global IoT in Aerospace & Defence Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Hardware
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Software
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Services
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Connectivity Technology
7.1 Cellular
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Wi-Fi
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Satellite Communication
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Radio Frequency
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Deployment Mode
8.1 On-premises
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Cloud-based
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Application
9.1 Fleet Management
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Inventory Management
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Equipment Maintenance
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Security
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Trends
9.5.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 Drivers, Restraints, and Opportunities
11.1 Overview
11.2 Drivers
11.3 Restraints
11.4 Opportunities
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 AeroVironment Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 AT&T Inc
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Elbit Systems Ltd
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.4 Freewave Technologies Inc.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Northrop Grumman Corporation
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 SAP SE
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Synopsys Inc.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report.
Figure 1: Global: IoT in Aerospace & Defence Market: Major Drivers and Challenges
Figure 2: Global: IoT in Aerospace & Defence Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: IoT in Aerospace & Defence Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: IoT in Aerospace & Defence Market: Breakup by Component (in %), 2023
Figure 5: Global: IoT in Aerospace & Defence Market: Breakup by Connectivity Technology (in %), 2023
Figure 6: Global: IoT in Aerospace & Defence Market: Breakup by Deployment Mode (in %), 2023
Figure 7: Global: IoT in Aerospace & Defence Market: Breakup by Application (in %), 2023
Figure 8: Global: IoT in Aerospace & Defence Market: Breakup by Region (in %), 2023
Figure 9: Global: IoT in Aerospace & Defence (Hardware) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: IoT in Aerospace & Defence (Hardware) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: IoT in Aerospace & Defence (Software) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: IoT in Aerospace & Defence (Software) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: IoT in Aerospace & Defence (Services) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: IoT in Aerospace & Defence (Services) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: IoT in Aerospace & Defence (Cellular) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: IoT in Aerospace & Defence (Cellular) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: IoT in Aerospace & Defence (Wi-Fi) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: IoT in Aerospace & Defence (Wi-Fi) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: IoT in Aerospace & Defence (Satellite Communication) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: IoT in Aerospace & Defence (Satellite Communication) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: IoT in Aerospace & Defence (Radio Frequency) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: IoT in Aerospace & Defence (Radio Frequency) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: IoT in Aerospace & Defence (On-premises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: IoT in Aerospace & Defence (On-premises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: IoT in Aerospace & Defence (Cloud-based) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: IoT in Aerospace & Defence (Cloud-based) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: IoT in Aerospace & Defence (Fleet Management) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: IoT in Aerospace & Defence (Fleet Management) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: IoT in Aerospace & Defence (Inventory Management) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: IoT in Aerospace & Defence (Inventory Management) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: IoT in Aerospace & Defence (Equipment Maintenance) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: IoT in Aerospace & Defence (Equipment Maintenance) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: IoT in Aerospace & Defence (Security) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: IoT in Aerospace & Defence (Security) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Global: IoT in Aerospace & Defence (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Global: IoT in Aerospace & Defence (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: North America: IoT in Aerospace & Defence Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: North America: IoT in Aerospace & Defence Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: United States: IoT in Aerospace & Defence Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: United States: IoT in Aerospace & Defence Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Canada: IoT in Aerospace & Defence Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Canada: IoT in Aerospace & Defence Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Asia-Pacific: IoT in Aerospace & Defence Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Asia-Pacific: IoT in Aerospace & Defence Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: China: IoT in Aerospace & Defence Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: China: IoT in Aerospace & Defence Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Japan: IoT in Aerospace & Defence Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Japan: IoT in Aerospace & Defence Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: India: IoT in Aerospace & Defence Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: India: IoT in Aerospace & Defence Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: South Korea: IoT in Aerospace & Defence Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: South Korea: IoT in Aerospace & Defence Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Australia: IoT in Aerospace & Defence Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Australia: IoT in Aerospace & Defence Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Indonesia: IoT in Aerospace & Defence Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Indonesia: IoT in Aerospace & Defence Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Others: IoT in Aerospace & Defence Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Others: IoT in Aerospace & Defence Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Europe: IoT in Aerospace & Defence Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Europe: IoT in Aerospace & Defence Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Germany: IoT in Aerospace & Defence Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Germany: IoT in Aerospace & Defence Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: France: IoT in Aerospace & Defence Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: France: IoT in Aerospace & Defence Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: United Kingdom: IoT in Aerospace & Defence Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: United Kingdom: IoT in Aerospace & Defence Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Italy: IoT in Aerospace & Defence Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Italy: IoT in Aerospace & Defence Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Spain: IoT in Aerospace & Defence Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Spain: IoT in Aerospace & Defence Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Russia: IoT in Aerospace & Defence Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Russia: IoT in Aerospace & Defence Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Others: IoT in Aerospace & Defence Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Others: IoT in Aerospace & Defence Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Latin America: IoT in Aerospace & Defence Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Latin America: IoT in Aerospace & Defence Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Brazil: IoT in Aerospace & Defence Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Brazil: IoT in Aerospace & Defence Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Mexico: IoT in Aerospace & Defence Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Mexico: IoT in Aerospace & Defence Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Others: IoT in Aerospace & Defence Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: Others: IoT in Aerospace & Defence Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 83: Middle East and Africa: IoT in Aerospace & Defence Market: Sales Value (in Million US$), 2018 & 2023
Figure 84: Middle East and Africa: IoT in Aerospace & Defence Market: Breakup by Country (in %), 2023
Figure 85: Middle East and Africa: IoT in Aerospace & Defence Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 86: Global: IoT in Aerospace & Defence Industry: Drivers, Restraints, and Opportunities
Figure 87: Global: IoT in Aerospace & Defence Industry: Value Chain Analysis
Figure 88: Global: IoT in Aerospace & Defence Industry: Porter's Five Forces Analysis
Table 1: Global: IoT in Aerospace & Defence Market: Key Industry Highlights, 2023 & 2032
Table 2: Global: IoT in Aerospace & Defence Market Forecast: Breakup by Component (in Million US$), 2024-2032
Table 3: Global: IoT in Aerospace & Defence Market Forecast: Breakup by Connectivity Technology (in Million US$), 2024-2032
Table 4: Global: IoT in Aerospace & Defence Market Forecast: Breakup by Deployment Mode (in Million US$), 2024-2032
Table 5: Global: IoT in Aerospace & Defence Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 6: Global: IoT in Aerospace & Defence Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: IoT in Aerospace & Defence Market: Competitive Structure
Table 8: Global: IoT in Aerospace & Defence Market: Key Players
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