IoT in Aerospace & Defense Market 2023 - By Industry Size, Business Challenges, Future Growth, Competitive Landscape And Outlook 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

IoT in Aerospace & Defense Market Size, Growth Rate, And Forecast

The global IoT in aerospace & defense market size is expected to grow from $42.08 billion in 2022 to $48.83 billion in 2023 at a compound annual growth rate (CAGR) of 16.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The global IoT in aerospace & defense market size is expected to reach $84.44 billion in 2027 at a CAGR of 14.7%.

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IoT in Aerospace & Defense Market Drivers

An increase in cyber-attacks on the aviation industry is expected to boost the growth of the IoT in the aerospace and defense market going forward. Cyberattacks refer to unwanted attempts to gain unauthorized access to computer systems to steal, expose, change, disable, or destroy information.

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IoT in Aerospace & Defense Market Segments

• By Component: Hardware, Software, Services
• By Connectivity Technology: Cellular, Wi-Fi, Satellite Communication, Radio Frequency
• By Deployment Mode: On-Premise, Cloud
• By Application: Fleet Management, Inventory Management, Equipment Maintenance, Security, Other Applications
• By End User: Space Systems, Ground Vehicles, Other Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the IoT in Aerospace & Defense market.

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IoT in Aerospace & Defense Market Key Players

Major competitors in the IoT in Aerospace & Defense market include AeroVironment Inc., AT&T Intellectual Property, FreeWave Technologies Inc., General Atomics, Honeywell International Inc.

The Business Research Company's "Global IoT in Aerospace & Defense Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The IoT in Aerospace & Defense Market Include:

1. Executive Summary
2. IoT in Aerospace & Defense Market Characteristics
3. IoT in Aerospace & Defense Market Trends And Strategies
4. IoT in Aerospace & Defense Market - Macro Economic Scenario
5. IoT in Aerospace & Defense Market Size And Growth
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26. Africa IoT in Aerospace & Defense Market
27. IoT in Aerospace & Defense Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The IoT in Aerospace & Defense Market
29. IoT in Aerospace & Defense Market Future Outlook and Potential Analysis
30. Appendix

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