Dublin, July 01, 2021 (GLOBE NEWSWIRE) -- The "Global Military IoT & Sensors - Market and Technology Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The Total Global Market for IoT & Sensors in Defense is estimated at around USD 29.74 Billion in 2020 and the market is expected to grow to around USD 48.41 Billion by 2028. The CAGR of the market is accounted for at around 6.28%.
The APAC region is expected to be the fastest-growing market at a CAGR of 8.5% during the forecast period. The North American market would emerge as the largest market by the end of the forecast period with an estimated revenue of around USD 21 billion during the year 2028.
The Internet of Things is a data value-creating tool. Throughout the private sector, the way goods and services are developed and delivered and how infrastructure is handled and maintained is changed. The impact of IoT on the commercial world has been enormous, resulting in substantial efficiency improvements and productivity.
DoD has the potential to reap the enormous benefits of IoT by working with the private sector and the adoption of modern, IoT-enabled business practices. IoT technologies have the ability to support the military to make substantial efficiencies, improve security and communication networks and generate significant cost savings.
IoT reflects the integration of several integrative areas such as connectivity, embedded hardware, radio spectrum, mobile computing, internet technology, software architectures, sensor systems, energy efficiency, data management and data analysis. The rapid expansion of IoT is supported by falling costs and mass production of increasingly powerful microelectronics such as sensors, processing units, and receivers.
Factors such expansion of wireless networking, digital storage & processing, the efficiency of computing structures, growth of innovative software applications and analysis, including recent advances in machine-learning techniques for big data analytics, are expected to drive the growth of the IoT market.
Reasons to buy
The new players in the IoT & Sensor market and the potential entrants into this market can use this report to understand the key market trends that are expected to shape this market in the next few years.
The Market Analysis Chapter covers the Key Drivers, Restraints and Challenges of the IoT & Sensor technology. The PEST and Porter's five forces are covered in detail in this report.
The key technologies that could impact the IoT & Sensors in Defense Market have been covered in detailed, an example is a growing interest in the Machine Learning and Artificial Intelligence segment.
The report can be used by sales and marketing team to formulate their medium- and long-term strategies and to reconfirm their short-term plans.
The forecast chapter would help the sales team to formulate their medium-term sales plan.
The report would help sales and marketing teams to understand the key segments across the top fifteen countries which have been analyzed in the report.
The Opportunity Analysis chapter identifies the key hot spots within the Global IoT & Sensors in Defense Market.
The company profiles include financials, latest news, contracts, and SWOT for 14 companies.
Key Topics Covered:
2. Executive Summary
2.1 IoT & Sensors in Defense Market Trends and Insights
2.2 Top Five Major Findings
2.3 Major Conclusion
2.4 Important Tables and Graphs
3. Current Market Overview of the Global IoT & Sensors in Defense Market
3.1 Market Overview
3.2 Network-Centric Concepts
3.3 Data & Decisions
3.4 Data Volume and Security
3.6 Internet of Battlefield Things (IOBT)
4. Current Market Trends of the Global IoT & Sensors in Defense Market
4.1 Connecting Gear & Biometric Wearables
4.2 Defense Innovations
4.2.1 C4ISTAR / ISTAR
4.2.2 Manned-Unmanned Mission
4.3 Military Applications
4.3.2 Logistics and Supply Chain
4.3.3 Smart Bases
4.3.4 Potential of IoT & Sensors in Defense
5.1 Precision-Guided Munition
5.3 Ocean of Things
5.4 Helmet-mounted display
5.6 Quantum Radar
5.7 Smart Bullets
5.8 Soldier Help Monitoring (Powered exoskeleton)
5.9 Unmanned Combat Systems
5.10 Missile Defense System
5.11 Plant Biotechnology Program
5.12 Active Protection System
5.13 Naval-based Missile Defense Platforms
5.14 Multi-sensor Detector
5.15 Connected Soldiers
6. Market Dynamics
6.1.1 Advancements in Sensor Technology
6.1.2 Growth of IoT Market
6.1.3 Asset Securitization
6.1.4 Asymmetric Warfare
6.1.5 Need for Asset Optimization
6.1.6 Increased Battlefield Capability
6.1.7 Rise in Unmanned Platform
6.1.8 Ongoing Military Modernization Program
6.2.1 Obsolete Platforms
6.2.2 Network Limitations
6.2.3 Operational Limitations
6.3.2 Efficient Integration
6.3.3 Defense Budget
7. PEST Analysis
8. Porter's Five Forces Analysis
8.1 Buyer's Bargaining Power
8.1.1 Buyers Switching Cost
8.1.2 Price Sensitivity
8.1.3 Differential Advantage
8.2 Supplier's Bargaining Power
8.2.1 Supplier Switching Cost
8.2.2 Supplier Concentration to Firm Concentration
8.2.3 Supplier Competition
8.3 Threat of New Entrants
8.3.1 Brand Equity
8.3.2 Barriers to Entry
8.3.3 Economies of Scale
8.4 Threat to Substitutes
8.4.1 Buyer Propensity to Substitute
8.4.2 Perceived Level of Product Differentiation
8.5 Rivalry Among Competitors
8.5.1 Advertising Expenses
8.5.2 Sustainable Competitive Advantage Through Innovation
9. Country Analysis
10. Global IoT & Sensors in Defense Market to 2028
10.1 Total Global Market by Region to 2028
10.2 Total Global Market by Region (By Platform) to 2028
10.3 Total Global Market by Region (By Product) to 2028
10.4 Total Global Market by Platform to 2028
10.5 Total Global Market by Platform (By Technology) to 2028
10.6 Total Global Market by Platform (By Component) to 2028
10.7 Total Global Market by Technology to 2028
10.8 Total Global Market by Technology (By Component) to 2028
10.8.3 Satellite Communication
10.9 Total Global Market by Technology (By Deployment) to 2028
10.9.3 Satellite Communication
11. Opportunity Analysis
11.1 By Region
11.2 By Platform
11.3 By Technology
12. Scenario Analysis
13. Company Profiles
General Dynamics Corp.
L3 Technologies Inc.
For more information about this report visit https://www.researchandmarkets.com/r/4obxao
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