Global IoT in Aerospace & Defense Market

Global IoT in Aerospace & Defense Market Overview 

The Global IoT in Aerospace & Defense Market Size is Expected to Grow from USD 50.69 Billion in 2023 to USD 73.11 Billion by 2033, at a CAGR of 73.11% during the forecast period 2023-2033. In aerospace and defense, the Internet of Things (IoT) leverages networked smart devices for real-time data cooperation, improving productivity through data analytics, smart surveillance, and predictive maintenance. Reduced prices for powerful sensors and controllers, increased internet penetration, and rising ICT and government spending in both developed and developing nations are the main factors propelling the growth of the worldwide IoT market.

Major vendors in the Global IoT in Aerospace & Defense Market

Northrup Grunman, Elbit Systems, Honeywell International, Freewave Technologies, Textron Systems, At & T, General Atomics Aeronautical Systems, Aerovironment, and others.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Decision Advisors has segmented the IoT in aerospace & defense market based on the below-mentioned segments:

Global IoT in Aerospace & Defense Market, By Component

• Hardware
• Software
• Services

Global IoT in Aerospace & Defense Market, By Connectivity Technology

• Cellular
• Wi-Fi
• Satellite Communication
• Radio Frequency

Global IoT in Aerospace & Defense Market, By Deployment Mode

• On-premises
• Cloud-based

Global IoT in Aerospace & Defense Market, By Application

• Fleet Management
• Inventory Management
• Equipment Maintenance, Security
• Others

Global IoT in Aerospace & Defense Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa