Internet of Things (IoT) in Defense - Thematic Intelligence

Internet of Things (IoT) in Defense - Thematic Intelligence

Summary

Internet of Things (IoT) is an umbrella term used to describe the use of connected sensors and systems to control and monitor the environment, the things that move within it, and the people that act within it. GlobalData estimates global enterprise IoT market revenues will reach $1.2 trillion by 2027. The IoT market is forecast to grow at a compound annual growth rate (CAGR) of 15.1% between 2022 and 2027.

The applications of IoT in defense are wide-ranging, and the industry’s heavyweights are all involved. Applications of IoT in defense include health monitoring, augmented reality (AR) remote training, gaining situational awareness using drones, vehicle management, target recognition, and many more. Smart sensors can be used on military equipment to give data on their health and whether maintenance is needed. This helps reduce operating costs and downtime for military equipment as the sensor can predict when a breakdown is imminent. However, this proliferation has also brought up concerns. Interoperability and increased information sharing make cybersecurity more of a threat, as there are increased access points for hackers, and the interconnected nature of IoT means any attack could have devastating consequences.

IoT can connect assets and make them work together as a force multiplier, giving forces a strategic advantage as conflicts become increasingly data-driven. Real-time information sharing between branches of the military is crucial due to the high stakes involved. It can also increase the efficiency of the observe, orient, decide, act (OODA) loop. Decision-makers will increasingly have access to more and better information aggregated in a digestible format as IoT technology improves. This means that they will have more situational awareness and greater insight into potential threats, giving them an advantage over militaries not pursuing this type of technology.

Key Highlights

• Studies of emerging technological trends and their broader impact on the defense market.
• Analysis of the various IoT related programs and projects currently under development, as well as the impact of emerging technologies such as artificial intelligence on the future outlook of the military IoT theme.

Who Should Buy

• Our thematic research product, supported by our thematic engine, is aimed at senior (C-Suite) executives in the corporate world, decision makers, and institutional investors.
• Corporations: Helps CEOs, CTOs, and other senior executives of companies understand this key theme, the competitive environment, and the market opportunities.
• Investors: Helps fund managers and other major investors focus on investment opportunities in defense and understand the market around military IoT

Scope

• The key defense challenges that forces and defense sector suppliers face are covered.
• The investment opportunities for armed forces, suppliers, and institutional investors, across the whole military IoT value chain are covered.
• Highlights from the development programs currently being undertaken by various military organizations and defense companies.

Reasons to Buy

• Determine potential investment companies based on trend analysis and market projections.
• Gaining an understanding of the market challenges and opportunities surrounding the military IoT theme.
• Understanding how spending on military IoT and related segments will fit into the overall market and which spending areas are being prioritized.