IoT In Aerospace And Defense Market Production Growth and Industry Analysis to 2025
According to a new report published by Reports Monitor titled, “Global IoT in Aerospace and Defense Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the IoT in aerospace and defense market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Internet of Things (IoT) is an ecosystem of physical devices connected through internet. It is a giant network of connected things and people which collects data from different devices and applies analytics to share the most valuable information. In aerospace and defense sectors, IoT networks are connected through internet with devices such as aircraft, moni system and people to enhance production and better management efforts.
The increase in data & information and the need for reliable analysis have driven the IoT market in aerospace and defense sector. The rise in internet connectivity and decreased cost of powerful sensors & controllers is also driving the market. IoT in aerospace and defense market is that it offers better energy management, staff & passenger information management, data analytics and others which are reliable and secure communications. However, the complexity of internet controlled technology and safety & security being a major concern restricts the global market for IoT in aerospace & defense. As the software embedded in the system of IoT may get hacked and loss of confidential information may become a concern. In addition, government initiatives in upgrading the aerospace & defense sector in several developing regions is expected to be an opportunity for the growth of global IoT in aerospace & defense market.
This report provides a detailed analysis of IoT in aerospace and defense market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and swot analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources with bottom-up and top-down approaches.
The segmentation of global IoT in aerospace and defense market is based on the components,
deployment type, connectivity technologies and application. On the basis of components the global IoT in aerospace and defense market is segmented into hardware, software and services. On the basis of deployment type the global IoT in aerospace and defense market is segmented into on-premises and cloud. On the basis of connectivity technologies the global IoT in aerospace and defense market is segmented into Wi-Fi, cellular, radio frequency and SATCOM. On the basis of application the global IoT in aerospace and defense market is segmented into real time fleet management, training and simulation, medical (health monitoring), equipment maintenance, inventory management, analytics and security.
Based on the geographical regions covered, the global IoT in aerospace and defense is analysed across North America, Europe, Asia-Pacific and Latin America, Middle East and Africa (LAMEA). Asia-Pacific region is expected to grow as the demand for technological advancement in the aerospace and defense sector is growing in India and China.
The key players of global IoT in aerospace & defense market includes AT & T, Freewave Technologies, Northrup Grunman, General Atomics Aeronautical Systems, AeroVironment, Inc., Elbit Systems, Honeywell International, Radisys, Prox Dynamics, and Textron Systems.
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