IOT in Aerospace & Defence Market Worth $22.6 Bn in 2017

Thursday 6 July 2017, Amsterdam

This new report, now available on ASDReports, the Internet of Things (IoT) in Aerospace & Defence Market Forecast 2017-2027: by Component (Hardware, Software, Services), by Deployment Type (On-Premise, Cloud), by Connectivity (Cellular, Wi-Fi, Radio Frequency, SATCOM), by Application (Fleet Management, Medical (Health Monitoring), Inventory Management, Equipment Maintenance, Analytics, Security), by Geography (Regions and Key National Markets) indicates that the global IoT in aerospace & defence market will see $22.6bn in spending in 2017.

The lead analyst of the report said: “Internet of things (IoT) refers to an interconnected system of IP address-assigned objects that have the ability to be connected through the medium of the internet. Internet of Things facilitates the overall infrastructure consisting of these devices to have digital interaction capability. IoT is one of the fastest growing trends within technology and has an adoption rate which has enabled a large number of businesses to invest in it. It is currently being used among a number of industry verticals that includes retail, manufacturing, automotive, healthcare, transportation, energy, and aerospace and defence. IoT in aerospace and defence connect aircraft, machines, systems, people, and others and ensures enhanced results in production processes, operational management, and other applications. Factors such as reductions in overall product cost and improved customer experience have the ability to streamline business processes, such as design, production, and service, generating higher returns, which creates lucrative opportunities for market growth during forecast period.”

The 130+ page report contains 100+ tables, charts and graphs that add visual analysis in order to explain developing trends within the IoT in Aerospace & Defence market. The key player provides sales forecasts for the period 2017-2027 for the following sets of submarkets:  by Component (Hardware, Software, Services), by Deployment Type (On-Premise, Cloud), by Connectivity (Cellular, Wi-Fi, Radio Frequency, SATCOM), and by Application (Fleet Management, Medical (Health Monitoring), Inventory Management, Equipment Maintenance, Analytics, Security).