IoT in Aerospace & Defense Market By Component (Hardware, Software, Services), By Deployment Mode (On-Premise, Cloud), By Connectivity Technology (Cellular, Wi-Fi, Satellite Communication, Radio Frequency), By Application (Fleet Management, Inventory Management, Equipment Maintenance, Security, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030
The Internet of Things (IoT) is the internet-based operation of physical equipment and vehicles that provides solutions to a wide range of industries, including automotive, electronics, insurance, manufacturing, and retail. It uses device interconnectivity to control or detect items remotely. It provides a variety of services, including training and simulation, inventory management, equipment maintenance, and health monitoring. It is found in smart homes, smart cities, smart grids, and virtual power plants, among other things. The Internet of Things (IoT) is one of the most important platforms, with applications such as smart energy management systems (SEMS) and smart cities.
Enhanced internet penetration and decreased cost of powerful sensors and controllers drive the global IoT in aerospace & defense market. In addition, growth in information, communication, and technology (ICT) and expenditure by governments in the several developed and the developing regions fuel the growth of the market. However, poor internet infrastructure in developing nations and infrastructure simplification and standardization restrict the market growth. Moreover, adoption of big data techniques and cloud computing and analytics is expected to offer remunerative opportunities for expansion of the market during the forecast period.
The IoT in aerospace & defense market is segmented on the basis of component, deployment model, connectivity technology, application, and region. By component, the market is divided into hardware, software, and services. By deployment model, the market is divided into cloud and on-premise. On the basis of connectivity technology, the market is categorized into cellular, Wi-Fi, satellite communication, and radio frequency. On the basis of application, the market is divided into fleet management, inventory management, equipment maintenance, security, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global IoT in aerospace & defense market analysis includes major players, such as AeroVironment, Inc., AT&T Intellectual Property, Elbit Systems Ltd., FreeWave Technologies, Inc., General Atomics, Honeywell International Inc., Northrop Grumman, Teledyne FLIR LLC, Radisys, and Textron Systems. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the global IoT in aerospace & defense market forecast along with current & future trends to explain the imminent investment pockets.
Information about key drivers, restraints, & opportunities and their impact analysis on global IoT in aerospace & defense market trends is provided in the report.
The Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the IoT in aerospace & defense industry.
The quantitative analysis of the IoT in aerospace & defense market forecast from 2021 to 2030 is provided to determine the market potential.
Key Market Segments
By Component
Hardware
Software
Services
By Deployment Mode
On-Premise
Cloud
By Connectivity Technology
Cellular
Wi-Fi
Satellite Communication
Radio Frequency
By Application
Fleet Management
Inventory Management
Equipment Maintenance
Security
Others
By Region
North America
U.S.
Canada
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest Of Asia Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
AEROVIRONMENT
AT & T
ELBIT SYSTEMS
FREEWAVE TECHNOLOGIES
GENERAL ATOMICS AERONAUTICAL SYSTEMS
HONEYWELL INTERNATIONAL
NORTHRUP GRUNMAN
PROX DYNAMICS
RADISYS
TEXTRON SYSTEMS
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