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Home Business Military IoT Market Surges to USD 76.73 Billion by 2027, Propelled by 11.8% CAGR – Verified Market Reports

Military IoT Market Surges to USD 76.73 Billion by 2027, Propelled by 11.8% CAGR – Verified Market Reports

by Jessica Weisman-Pitts

The Global Military IoT Market is projected to grow at a CAGR of 11.8% from 2022 to 2027, according to a new report published by Verified Market Reports. The report reveals that the market was valued at USD XX Billion in 2022 and is expected to reach USD 76.73 Billion by the end of the forecast period.

The Military IoT (Internet of Things) market is experiencing significant growth driven by several key factors that cater to the evolving needs of modern defense operations. One of the primary drivers is the increasing demand for enhanced situational awareness and operational efficiency across military organizations worldwide. IoT technologies enable real-time data collection, analysis, and sharing, thereby providing commanders with timely and accurate information critical for decision-making.

Scope Of The Report

 

ATTRIBUTES DETAILS
STUDY PERIOD 2021-2030
BASE YEAR 2023
FORECAST PERIOD 2024-2030
HISTORICAL PERIOD 2021-2022
UNIT VALUE (USD BILLION)
KEY COMPANIES PROFILED Honeywell International, Northrop Grumman Corporation (US), AeroVironment, FreeWave Technologies, AT&T Inc (US), General Atomics (US), FLIR Systems Inc (US), Textron Systems (US), Reliance Industries Limited (India), IBM Corporation (US), Bombardier (Canada), SAP SE (Germany), Forescout Technologies Inc (US), General Electric (US)
SEGMENTS COVERED By Type – Wi-Fi, Cellular, Satellite Communication
By Application – Training & Simulation, Health Monitoring
By Geography – North America, Europe, APAC, Middle East Asia & Rest Of World.

Military IoT Market Overview 

  • Technological Integration: Aerospace & Defence Research is actively integrating IoT solutions into military equipment and infrastructure. This integration includes sensors, communication devices, and connected systems that enable seamless data exchange and interoperability, thereby optimizing mission-critical operations.
  • Security and ResilienceUnmanned Systems focuses on developing secure and resilient IoT architectures tailored to military requirements. These architectures prioritize data integrity, confidentiality, and availability, crucial for maintaining operational readiness and safeguarding sensitive information from cyber threats.
  • Global Adoption: The adoption of IoT in defence is increasingly global, with major defence contractors and military organizations leveraging IoT capabilities to modernize legacy systems. This trend spans across land, sea, and air domains, demonstrating the versatility and applicability of IoT technologies in diverse military environments.
  • Future Prospects: As the IoT ecosystem evolves, Aerospace & Defence Research anticipates continued innovation in sensor technology, edge computing, and AI-driven analytics. These advancements are expected to further enhance situational awareness, predictive maintenance capabilities, and overall operational effectiveness across defence platforms & systems, driving sustained growth in the Military IoT market.

Military IoT Market Key Players Shaping the Future

Major players, including Honeywell International, Northrop Grumman Corporation (US), AeroVironment, FreeWave Technologies, AT&T Inc (US), General Atomics (US), FLIR Systems Inc (US), Textron Systems (US), Reliance Industries Limited (India), IBM Corporation (US), Bombardier (Canada), SAP SE (Germany), Forescout Technologies Inc (US), General Electric (US) and more, play a pivotal role in shaping the future of the Military IoT Market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry’s key players.

To get market data, market insights, and a comprehensive analysis of the Global Military IoT Market, please Contact Verified Market Reports.

Military IoT Market Segment Analysis

The Global Military IoT Market is segmented on the basis of Product/Type, Application, Platform, End-User

Segment Insights by Product/Type

Wi-Fi: Wi-Fi is a technology used to create a wireless local area network or connect to an established wireless network. It is a low-cost and convenient means of communication in IoT solutions. The main applications of Wi-Fi in military IoT include situational awareness, weapon tracking, and predictive maintenance.

Cellular: Cellular technology enables the creation of wide-area wireless networks to provide connectivity to the various nodes in the system. Cellular communication is used in military IoT for mission-critical applications such as surveillance and coordination of large-scale operations.

Satellite Communication: Satellite communication is a highly secure communication method that can extend the range of communication over large areas. Satellite communication can be used in military IoT to enable communication between vehicles, ships, and aircraft on land, sea, and air. It also has applications in the command, control, and surveillance of military operations.

Segment Insights by Application

Training & Simulation: Military IoT-powered training and simulation allows military personnel to practice their operations, tactics, and strategies in a simulated environment. The use of interconnected devices and sensors collects real-time data on operations and performance to enable realistic trainings. The connected systems also allow better for tracking and analysis of troop behaviors and new technologies can help enhance the realism of the simulations.

Health Monitoring: Connected medical devices play a major role in military health monitoring. The IoT-enabled medical equipment can give military staff access to data that can help monitor the health of the troops on a regular basis. The data collected from connected devices can help provide valuable insight into the wellness of the troops and allow for proactive steps to be taken if necessary.

Asset Tracking: Connected devices can allow military staff to better monitor and track assets and supplies which are essential for successful operations. IoT-enabled tracking can allow for better oversight on the logistics of assets in order to manage them better and ensure they are maintained properly. It can also ensure availability when needed.

Command & Control: IoT-enabled devices play an important role in aiding the command and control of military operations. IoT can allow for connected systems to better coordinate information among different systems as well as across different command centers. It can also be used to supplement surveillance operations and to better control automated military systems.

Segment Insights by Platform

Hardware: Hardware encompasses the physical equipment needed to build a military IoT system. This includes communication technologies such as routers, hubs, and access points, as well as sensing equipment with protocols like ZigBee, LoRa, and WaveNet. This increases the efficiency of communication between military components and allows for the identification of important data.

Software: Software is essential for military IoT applications, providing real-time data processing and the ability to control military devices and sensors. This includes function-based software, such as mission control software, communication and analytics software, and system automation software, as well as middleware that can be used to collect, filter, and route data from military devices.

Services: Services play an integral role in military IoT systems, from system design and development to deployment and maintenance. This encompasses a broad range of services, from consulting and customization to cybersecurity and data management. Furthermore, services can include support and training for users. Hospitals, banks, and oil companies often rely on military IoT services for proper data security.

Segment Insights by End-User

Defense: The defense end-user segment of the global military IoT market is driven by the need for enhanced military operations in various regions, states and countries. This segment includes advanced technology solutions such as sensors, C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance) platforms, and weapon systems. These solutions support tactical decisions, enhances intelligence gathering, ensures customer support, converts data into actionable products, and improves overall security.

Commercial: The commercial segment of the global military IoT market is formulated around commercial applications for military services and hardware of military operations. This segment provides various dynamic solutions, such as real-time decision-making, operational agility, risk reduction, and procurement analysis for military operations. Furthermore, this segment helps in the pricing and procurement of military equipment and also in the integration of data sources with traditional military monitoring systems.

Geographical Analysis:

The adoption and deployment of military IoT solutions vary by region due to differing defense priorities, technological capabilities, and regulatory environments:

  • North America: Leading in military IoT adoption with significant investments in defense technology innovation.
  • Europe: Increasing focus on IoT for defense applications, particularly in cybersecurity and unmanned systems.
  • Asia-Pacific: Rapidly growing market driven by modernization efforts in defense infrastructure and border security.
  • Middle East: Heavy investment in IoT for surveillance, intelligence gathering, and counter-terrorism operations.
  • Rest of the World: Varied adoption influenced by regional security challenges and economic factors.

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