IoT in Aerospace & Defense Market Research, Trends, Growth, Key drivers 2024-2033

"The new report published by The Business Research Company, titled ""IoT in Aerospace & Defense Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the iot in aerospace & defense market size has grown rapidly in recent years. It will grow from $48.83 billion in 2023 to $56.63 billion in 2024 at a compound annual growth rate (CAGR) of 16.0%. The iot in aerospace & defense market size is expected to see rapid growth in the next few years. It will grow to $96.36 billion in 2028 at a compound annual growth rate (CAGR) of 14.2%.

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Rising Number Of Cyber-Attacks To Drive Market Growth
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. IoT authentication in the aviation sector can guarantee the necessary cybersecurity security measures, thereby reducing the incidences of cyber-attacks. For instance, in February 2023, according to the Australian Cyber Security Centre, an Australia-based cyber security agency, the cybercrime reports received in 2022 were 76,000, an increase of nearly 13% from the previous financial year. Therefore, an increase in cyber-attacks on the aviation industry is driving the growth of the IoT in the aerospace and defense market.

Product Innovations Transforming The IOT In Aerospace And Defense Market
Product innovation is a key trend gaining popularity in the IoT in aerospace and defense market. Major companies operating in the IoT in the aerospace and defense market are focusing on developing new products. For instance, in September 2021, EDJX, a US-based computing platform company, and Cubic Corporation a US-based technology solutions company jointly launched an Internet of Military Things Edge Platform. It is uniquely designed that combines the edge computing and networking technology from Cubic Corporation with EDJX EdjOS to create a converged infrastructure solution. Significant implications for IoT and cutting-edge AI solutions are also provided by this platform. The EDJX platform represents an enormous advancement in edge computing. It allows intelligent IoT and C2 application solutions to scale from base to battlefield, lowering cognitive lift while increasing operational tempo for military personnel.

The iot in aerospace & defense market covered in this report is segmented -

1) By Component: Hardware, Software, Services
2) By Connectivity Technology: Cellular, Wi-Fi, Satellite Communication, Radio Frequency
3) By Deployment Mode: On-Premise, Cloud
4) By Application: Fleet Management, Inventory Management, Equipment Maintenance, Security, Other Applications
5) By End User: Space Systems, Ground Vehicles, Other Users

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Major companies operating in the iot in aerospace & defense market report are AeroVironment Inc., AT&T Intellectual Property, FreeWave Technologies Inc., General Atomics Aeronautical Systems Inc., Honeywell International Inc., Northrop Grumman Corporation, Elbit Systems Ltd., Prox Dynamics, Radisys Corporation, Textron Systems Corporation, Airbus SE, Boeing Company, BAE Systems plc, SAP SE, General Electric Company, Bombardier Inc., CACI International Inc., Cobham plc, Collins Aerospace, Cubic Corporation, Curtiss-Wright Corporation, Dassault Aviation SA, Embraer SA, General Dynamics Corporation, Harris Corporation, L3Harris Technologies Inc., Leonardo SpA, Lockheed Martin Corporation, Moog Inc., RTX Corporation, Rockwell Collins, Saab AB, Safran SA, Thales Group, United Technologies Corporation, Woodward Inc., Zebra Technologies, Zephyr Aerospace .

Contents of the report:
1. Executive Summary
2. IoT in Aerospace & Defense Market Report Structure
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
…..
27. IoT in Aerospace & Defense Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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