2025-2034 IoT in Aerospace & Defense Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights

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What Will the IoT in Aerospace & Defense Industry Market Size Be by 2025?
The value of the IoT in the aerospace & defense market has seen a swift expansion in recent times. The market is projected to expand from $55.42 billion in 2024 to $63.56 billion in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 14.7%. Factors contributing to the growth during the historical period include the surge in connectivity and communication needs, the necessity for predictive maintenance, escalating security risks and threats, the need for cost reduction and improved operational efficiency, as well as regulatory support and compliance.

What's the Long-Term Growth Forecast for the IoT in Aerospace & Defense Market Size Through 2029?
Expectations are high for a swift expansion in the IoT aerospace & defense market in the upcoming years, with predictions of it reaching $111.72 billion by 2029, thanks to a strong compound annual growth rate (CAGR) of 15.1%. This considerable surge during the forecast period can be largely accredited to greater focus on cybersecurity, the rise of unmanned systems, attention to fleet management, investigative developments in edge computing, and the integration of 5g networks. The period also predicts trends in enhancements to IoT sensors and connectivity, the fast-paced onboarding of edge computing, a heightened drive towards cybersecurity, the amalgamation of AI and machine learning, improvements in IoT sensors and connectivity and a focus on predictive maintenance.

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What Are the Key Growth Drivers Fueling the IoT in Aerospace & Defense Market Expansion?
The growth of the Internet of Things (IoT) in the aerospace and defense market is predicted to be propelled by a surge in cyber-attacks targeting the aviation industry. Cyberattacks are defined as unauthorized and unwanted incursions into computer systems with the intent to steal, alter, expose, incapacitate, or obliterate information. The introduction of IoT authentication in the aviation industry can ensure the implementation of essential cybersecurity safety precautions, thus reducing the likelihood of such attacks. For example, the Australian Cyber Security Centre, a cyber security agency based in Australia, reported that it received 76,000 cybercrime reports in 2022, marking a nearly 13% increase from the preceding fiscal year, as of February 2023. Consequently, this rise in cyber-attacks on the aviation sector is fueling the expansion of the IoT within the aerospace and defense market.

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What Are the Key Trends Driving IoT in Aerospace & Defense Market Growth?
A significant trend gaining ground in the IoT in aerospace and defense market is product innovation. Major enterprises in this market are striving to create new products. For example, OnAsset Intelligence, an American aerospace and defense technology firm, launched the world's first exclusive aircraft IoT gateway, named the Sentry 600 FlightSafe, in March 2024. This groundbreaking gadget aims to metamorphose aircraft into interconnected virtual warehouses thereby greatly advancing the oversight and management of air cargo operations. The implementation of Bluetooth sensors throughout the aircraft by OnAsset enables continuous monitoring of aircraft subsystems and cargo conditions.

How Is the IoT in Aerospace & Defense Market Segmented?
The iot in aerospace & defensemarket 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

Subsegments:
1) By Hardware: Sensors, Embedded Systems, Connectivity Devices, Drones And UAVs (Unmanned Aerial Vehicles)
2) By Software: IoT Platforms, Data Analytics And Visualization Software, Security Software, Fleet Management Software
3) By Services: Consulting Services, Integration Services, Maintenance And Support Services, Training And Development Services

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Which Companies Are Leading the Charge in IoT in Aerospace & Defense Market Innovation?
Major companies operating in the IoT in aerospace & defense market include AeroVironment Inc., AT&T Intellectual Property, FreeWave Technologies Inc., General Atomics Aeronautical Systems Inc., Honeywell International Inc., Northrop Grumman Corporation, Elbit Systems Ltd., Radisys Corporation, Textron Systems Corporation, Airbus SE, Boeing Company, BAE Systems plc, SAP SE, General Electric Company, Bombardier Inc., CACI International Inc., Collins Aerospace, Cubic Corporation, Curtiss-Wright Corporation, Dassault Aviation SA, Embraer SA, General Dynamics Corporation, L3Harris Technologies Inc., Leonardo SpA, Lockheed Martin Corporation, Moog Inc., RTX Corporation, Saab AB, Safran SA, Thales Group, United Technologies Corporation, Woodward Inc.

Which Regions Are Leading the Global IoT in Aerospace & Defense Market in Revenue?
North America was the largest region in the IoT in the Aerospace and Defense market in 2024. The regions covered in the IoT in aerospace & defense market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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