Market Overview
The global IoT in aerospace & defence market size was valued at USD 52.6 Billion in 2024 and is projected to reach USD 74.7 Billion by 2033. The market is expected to grow at a CAGR of 3.77% during the forecast period of 2025-2033. Growth is primarily driven by heightened national security concerns and extensive R&D activities. The increasing integration of IoT technologies in aerospace operations enhances safety, optimizes fleet management, and improves operational performance.
Study Assumption Years
- Base Year: 2024
- Historical Years: 2019-2024
- Forecast Period: 2025-2033
IoT in Aerospace & Defence Market Key Takeaways
- The global IoT in aerospace & defence market size was USD 52.6 Billion as of 2024.
- The market is expected to grow at a CAGR of 3.77% from 2025 to 2033.
- Forecast market size is USD 74.7 Billion by 2033.
- Significant improvements in aerospace such as noise reduction, fuel efficiency, and emission cancellation are key growth drivers.
- There is increasing demand for integrating actuators, sensor, and control systems with military infrastructures.
- North America dominates due to extensive use of IoT for public warning systems, mission-critical logistics, and situational communications.
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Market Growth Factors
By IoT adoption, quality noise performance is improved, better engine fuel economy is achieved, and emission is reduced in the aerospace industry. In fact, these advantages have become a major source of the industry expansion as the stakeholders in aerospace are making sustainability and efficiency their top priority. Besides, growth is amplified by the increasing demand for national security that results in a large-scale research and development initiative for IoT integration that supports advanced defense capabilities and safety of operation.
The development in the mix of actuators, sensor systems, and control units with present military infrastructure has deepened IoT engagement in defense frameworks. Such integrations provide the army with more efficiency of the direct interaction with the environment at the time of the operation and help the command structure to coordinate battlefield conditions. Inevitable accent of further complicated and dependent structures based on IoT-driven systems that they become a core issue of modern defense strategies, thus theoretical market analysis considers them as a driving force.
Increased implementation of AI and machine learning techniques in IoT systems has greatly aided the prediction of maintenance needs and the possibility of autonomous decision-making in the different branches of aero space and defense. The use of AI in combination with other means greatly facilitates the accomplishment of the mission by performing complex data analytics and real-time sensor data processing. As a result, this way of working is less time lost at an unscheduled service since the equipment breakdown is predicted ahead of time, and it heightens the awareness of the situation, which is indispensable for a timely, informed decision in mission-critical environments.
Market Segmentation
Component:
- Hardware: Dominates the market due to the need for specialized, high-performance devices that operate reliably in extreme environments. These include sensors, actuators, communication devices, and processors essential for real-time data handling.
- Software
- Services
Connectivity Technology:
- Cellular: Holds the largest share by providing reliable, wide-area coverage and high-speed data transmission essential for mission-critical aerospace and defense operations.
- Wi-Fi
- Satellite Communication
- Radio Frequency
Deployment Mode:
- Cloud-based: Accounts for the majority of market share, enabling seamless data integration, storage, and processing from numerous IoT devices, vital for complex aerospace and defense operations.
- On-premises
Application:
- Fleet Management: Represents the largest segment, involving management of aircraft, ground vehicles, and naval vessels, utilizing IoT for real-time monitoring, maintenance, and operational safety.
- Inventory Management
- Equipment Maintenance
- Security
- Others
Regional Insights
North America dominates the IoT in aerospace & defence market due to its advanced technological infrastructures, significant defense budgets, and the presence of major aerospace companies. The region benefits from extensive IoT applications in public warning, logistics support, emergency communication, and situational awareness. Initiatives such as Cognizant's acquisition of Belcan, LLC in June 2024 exemplify investment in digital and IoT capabilities, driving further growth.
Recent Developments & News
- June 2024: Cognizant signed a definitive agreement to acquire Belcan, LLC to expand engineering, research, and digital IoT capabilities.
- June 2024: The Indian Army launched Vidyut Rakshak, an integrated generator monitoring and control system for IoT in aerospace and defence.
- May 2024: China’s Ministry of Industry and Information Technology authorized a private aerospace firm for satellite constellation radio business, involving IoT satellite applications.
Key Players
- AeroVironment Inc.
- AT&T Inc.
- Elbit Systems Ltd
- Freewave Technologies Inc.
- Northrop Grumman Corporation
- SAP SE
- Synopsys Inc.
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