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IoT in Aerospace & Defense Market by Component (Hardware, Software and Services), Connectivity Technology (Cellular, Wi-Fi, Satellite Communication and Radio Frequency Identification) and Application (Real Time Fleet Management, Training & Simulation, Health Monitoring, Equipment Maintenance and Inventory Management) - Global Opportunity Analysis and Industry Forecast, 2017 - 2023

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IC_172235
Pages: 130
Jul 2017 | 4148 Views
 
Author's : Ashvin Namde
Tables: 30
Charts: 44
 

IoT In Aerospace & Defense Market Overview:

IoT in Aerospace & Defense Market is expected to reach at $40,950 Million by 2023, registering a CAGR of 11.8%. IoT in Aerospace & Defense Market incorporates various tools and services that enable better management of the industry. It includes various activities such as fleet management, health monitoring, inventory management, equipment maintenance, advanced analytics, and others. Furthermore, the major tools used in the global industry include omnichannel commerce solutions, sales, inventory & operations planning, manufacturing & supply chain optimization, quality monitoring, system software development & integration, big data & edge data analytics, and fleet reliability analysis.

IoT in aerospace & defense offers better operation & control, material management, energy management, traffic planning, staff & passenger information management, data analytics, and others. Moreover, it offers unscheduled aircraft maintenance, tail allocation, sensory inputs, reliable & secure communications, and cloud application development services.

Global IoT in Aerospace & Defense Market Segmentation

The global IoT in aerospace & defense market is segmented based on component, connectivity technology, application, and geography. Based on component, it is categorized into hardware, software, and services. Based on connectivity technology, it is divided into cellular, Wi-Fi, satellite communication, radio frequency identification (RFID), and others. Based on application, it is classified into real time fleet management (RTFM), training & simulation, health monitoring, equipment maintenance, health monitoring, inventory management, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global IoT in aerospace & defense market was valued at $19,175 million in 2016, and is expected to reach at $40,950 million by 2023, growing at a CAGR of 11.8% from 2017 to 2023. The major factors driving the market growth are extended connectivity; enhanced internet penetration; bandwidth & connectivity; decreased cost of powerful sensors & controllers; growth in information, communication, & technology (ICT); and expenditure by governments in the several developed and the developing regions including North America, Europe, and Asia-Pacific.

North America generated the highest revenue in the global market in 2016, owing to technologically equipped infrastructure, high adoption of Internet of Things (IoT), and growth in demand for IoT in aerospace & defense tools. Moreover, Asia-Pacific is expected to grow at the highest CAGR, owing to rise in demand for the technological upgrade in aerospace & defense sector from India and China.

The key players operating in the global IoT in aerospace & defense market includes AeroVironment, Inc., AT & T, Elbit Systems, Freewave Technologies, General Atomics Aeronautical Systems, Honeywell International, Inc., Northrup Grunman, Prox Dynamics, Radisys, and Textron Systems. These players have expanded their market presence by adopting various business strategies such as acquisition, geographical expansion, product development, strategic alliance, and collaboration.

Growth in Information, Communication, & Technology (ICT)

As per the report published by World Bank, the minimum internet penetration rate is 15% in the least developed countries. Technological innovation drives the development of ICT infrastructure.

Decrease in the cost of sensors and controllers

The increase in internet penetration, infrastructure, growth in demand for automation and analytics are the factors that reduce the cost of powerful sensors and controllers used in the aerospace & defense sector. The tools such as AerVoyance offered by Aeris optimizes devices, reduces costs, and manages the device effectively.

Expenditure by government in the several developed and the developing regions

IoT in aerospace & defense is a rising trend in business intelligence and analytics as the technology is highly appreciated and used globally. However, high costs associated with the implementation of this system in the enterprise hampers the market growth. The government has invested and supported IoT usage in the several developed and the developing regions such as in Asia-Pacific, North America, and Europe.

The global market by solution comprises several tools & systems offered by various players in the market. For instance, Textron systems offers command & control technologies, such as Synturian a multi-domain and multi-platform technology provides visual management system, which links people, platforms, and payloads in the real time. The other solutions include range test & simulation equipment, flight line test equipment, and supply chain management.

Key Benefits

  • In-depth analysis of the global IoT in aerospace & defense industry and dynamics is provided to understand the market scenario.
  • Quantitative analysis of the current trends and future estimations from 2017 to 2023 is provided to assist the strategists and stakeholders to capitalize on prevailing opportunities in the IoT in Aerospace & Defense market.
  • Porter’s Five Forces analysis examines the competitive structure of the market and explains about the factors that influence the market entry and expansion.
  • A detailed analysis of geographical segments enables identification of profitable segments for market players in the IoT in Aerospace & Defense market.
  • Comprehensive analysis of the trends, sub-segments, and key revenue pockets is provided.
  • Detailed analysis of the key players operating in the IoT in aerospace & defense industry and their business strategies are anticipated to assist the stakeholders to take informed business decisions.

Iot in Aerospace & Defense Market Key Segments:

By Component

  • Hardware
  • Software
  • Services

By Connectivity Technology

  • Cellular
  • Wi-Fi
  • Satellite Communication
  • Radio Frequency Identification (RFID)
  • Others

By Application

  • Real Time Fleet Management (RTFM)
  • Training & Simulation
  • Health Monitoring
  • Equipment Maintenance
  • Inventory Management
  • Others

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • Australia
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

The Key Players Profiled in the report are as follows

  • AeroVironment, Inc.
  • AT&T
  • Elbit Systems
  • Freewave Technologies
  • General Atomics Aeronautical Systems
  • Honeywell International, Inc.
  • Northrup Grunman
  • Prox Dynamics
  • Radisys
  • Textron Systems
 

Chapter: 1 INTRODUCTION

1.1. Report description
1.2. Key benefits
1.3. Key market segments
1.4. Research methodology

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1. CXO perspective

Chapter: 3 MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. Porter’s five force analysis

3.3.1. Bargaining power of buyers
3.3.2. Bargaining power of suppliers
3.3.3. Degree of competition
3.3.4. Threat of new entrants
3.3.5. Threat of substitutes

3.4. MARKET PLAYER POSITIONING
3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Decreased cost of powerful sensors & controllers
3.5.1.2. Growth in information, communication, & technology industry
3.5.1.3. Growing smartphone adoption

3.5.2. Restraints

3.5.2.1. Threat for data security & privacy
3.5.2.2. Poor internet infrastructure in the developing nations

3.5.3. Opportunities

3.5.3.1. Battlefield simulation for warfighters safety

Chapter: 4 IOT IN AEROSPACE & DEFENSE MARKET, BY COMPONENT

4.1. Overview
4.2. Hardware

4.2.1. Key Market trends, growth factors, and opportunities
4.2.2. Market size and forecast

4.3. Software

4.3.1. Key Market trends, growth factors, and opportunities
4.3.2. Market size and forecast

Chapter: 5 IOT IN AEROSPACE & DEFENSE MARKET, BY APPLICATION

5.1. Overview
5.2. Real time fleet management

5.2.1. Key Market trends, growth factors, and opportunities
5.2.2. Market size and forecast

5.3. Health monitoring

5.3.1. Key Market trends, growth factors, and opportunities
5.3.2. Market size and forecast

5.4. Equipment maintenance

5.4.1. Key Market trends, growth factors, and opportunities
5.4.2. Market size and forecast

5.5. Analytics

5.5.1. Key Market trends, growth factors, and opportunities
5.5.2. Market size and forecast

5.6. Security

5.6.1. Key Market trends, growth factors, and opportunities
5.6.2. Market size and forecast

Chapter: 6 IOT IN AEROSPACE & DEFENSE MARKET, BY CONNECTIVITY TECHNOLOGY

6.1. Overview
6.2. Cellular

6.2.1. Key Market trends, growth factors, and opportunities
6.2.2. Market size and forecast

6.3. WI-FI

6.3.1. Key Market trends, growth factors, and opportunities
6.3.2. Market size and forecast

6.4. Satellite communication

6.4.1. Key Market trends, growth factors, and opportunities
6.4.2. Market size and forecast

6.5. Radio frequency

6.5.1. Key Market trends, growth factors, and opportunities
6.5.2. Market size and forecast

Chapter: 7 IOT IN AEROSPACE & DEFENSE MARKET, BY GEOGRAPHY

7.1. Overview
7.2. North America

7.2.1. Key Market trends, growth factors, and opportunities
7.2.2. Market size and forecast

7.2.2.1. U.S.
7.2.2.1. Canada
7.2.2.2. Mexico

7.3. Europe

7.3.1. Key Market trends, growth factors, and opportunities
7.3.2. Market size and forecast

7.3.2.1. UK
7.3.2.2. Germany
7.3.2.3. France
7.3.2.4. Italy
7.3.2.5. Rest of Europe

7.4. Asia-Pacific

7.4.1. Key Market trends, growth factors, and opportunities
7.4.2. Market size and forecast

7.4.2.1. China
7.4.2.2. Japan
7.4.2.3. South Korea
7.4.2.4. India
7.4.2.5. Rest of Asia-Pacific

7.5. LAMEA

7.5.1. Key Market trends, growth factors, and opportunities
7.5.2. Market size and forecast

7.5.2.1. Latin America
7.5.2.1. Middle East
7.5.2.2. Africa

Chapter: 8 COMPANY PROFILES

8.1. AEROVIRONMENT, INC.

8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Business performance
8.1.4. Key strategic moves & developments

8.2. AT & T

8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Business performance
8.2.4. Key strategic moves & developments

8.3. ELBIT SYSTEMS

8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Business performance
8.3.4. Key strategic moves & developments

8.4. FREEWAVE TECHNOLOGIES

8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Business performance
8.4.4. Key strategic moves & developments

8.5. GENERAL ATOMICS AERONAUTICAL SYSTEMS

8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Business performance
8.5.4. Key strategic moves & developments

8.6. HONEYWELL INTERNATIONAL, INC.

8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Business performance
8.6.4. Key strategic moves & developments

8.7. NORTHRUP GRUNMAN

8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Business performance
8.7.4. Key strategic moves & developments

8.8. PROX DYNAMICS

8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Business performance
8.8.4. Key strategic moves & developments

8.9. RADISYS

8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Business performance
8.9.4. Key strategic moves & developments

8.10. TEXTRON SYSTEMS

8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Business performance
8.10.4. Key strategic moves & developments

LIST OF TABLES

TABLE 1. IOT IN AEROSPACE & DEFENSE MARKET, BY GEOGRAPHY, 2016-2023 ($MILLION)
TABLE 2. IOT IN AEROSPACE & DEFENSE MARKET, BY COMPONENT, 2016-2023 ($MILLION)
TABLE 3. GLOBAL IOT IN AEROSPACE & DEFENSE MARKET FOR HARDWARE, BY REGION, 2016-2023 ($MILLION)
TABLE 4. GLOBAL IOT IN AEROSPACE & DEFENSE MARKET FOR SOFTWARE, BY REGION, 2016-2023 ($MILLION)
TABLE 5. GLOBAL IOT IN AEROSPACE & DEFENSE MARKET, BY APPLICATION, 2016-2023($MILLION)
TABLE 6. GLOBAL IOT IN AEROSPACE & DEFENSE MARKET FOR REAL TIME FLEET MANAGEMENT BY REGION, 2016-2023($MILLION)
TABLE 7. GLOBAL IOT IN AEROSPACE & DEFENSE MARKET HEALTH MONITORING BY REGION, 2016-2023($MILLION)
TABLE 8. GLOBAL IOT IN AEROSPACE & DEFENSE MARKET FOR EQUIPMENT MAINTENANCE BY REGION, 2016-2023($MILLION)
TABLE 9. GLOBAL IOT IN AEROSPACE & DEFENSE MARKET FOR ANALYTICS BY REGION, 2016-2023($MILLION)
TABLE 10. GLOBAL IOT IN AEROSPACE & DEFENSE MARKET FOR GOVERNMENT AND DEFENSE BY REGION, 2016-2023($MILLION)
TABLE 11. GLOBAL IOT IN AEROSPACE & DEFENSE MARKET, BY CONNECTIVITY TECHNOLOGY, 2016-2023($MILLION)
TABLE 12. GLOBAL IOT IN AEROSPACE & DEFENSE MARKET FOR CELLULAR CONNECTIVITY BY REGION, 2016-2023($MILLION)
TABLE 13. GLOBAL IOT IN AEROSPACE & DEFENSE MARKET FOR WI-FI CONNECTIVITY BY REGION, 2016-2023($MILLION)
TABLE 14. GLOBAL IOT IN AEROSPACE & DEFENSE MARKET FOR SATELLITE COMMUNICATION BY REGION, 2016-2023($MILLION)
TABLE 15. GLOBAL IOT IN AEROSPACE & DEFENSE MARKET FOR RADIO FREQUENCY BY REGION, 2016-2023($MILLION)
TABLE 16. IOT IN AEROSPACE & DEFENSE MARKET BY REGION, 2016-2023 ($MILLION)
TABLE 17. NORTH AMERICA IOT IN AEROSPACE & DEFENSE MARKET BY COUNTRY, 2016-2023 ($MILLION)
TABLE 18. EUROPE IOT IN AEROSPACE & DEFENSE MARKET BY COUNTRY, 2016-2023 ($MILLION)
TABLE 19. APAC IOT IN AEROSPACE & DEFENSE MARKET BY COUNTRY, 2016-2023 ($MILLION)
TABLE 20. LAMEA IOT IN AEROSPACE & DEFENSE MARKET BY COUNTRY, 2016-2023 ($MILLION)
TABLE 21. COMPANY SNAPSHOT: AEROVIRONMENT, INC.
TABLE 22. COMPANY SNAPSHOT: AT & T
TABLE 23. COMPANY SNAPSHOT: ELBIT SYSTEMS
TABLE 24. COMPANY SNAPSHOT: FREEWAVE TECHNOLOGIES
TABLE 25. COMPANY SNAPSHOT: GENERAL ATOMICS AERONAUTICAL SYSTEMS
TABLE 26. COMPANY SNAPSHOT: HONEYWELL INTERNATIONAL, INC.
TABLE 27. COMPANY SNAPSHOT: NORTHRUP GRUNMAN
TABLE 28. COMPANY SNAPSHOT: PROX DYNAMICS
TABLE 29. COMPANY SNAPSHOT: RADISYS
TABLE 30. COMPANY SNAPSHOT: TEXTRON SYSTEMS

LIST OF FIGURES

FIGURE 1. IOT IN AEROSPACE & DEFENSE MARKET: MARKET SNAPSHOT
FIGURE 2. GLOBAL IOT IN AEROSPACE & DEFENSE: MARKET SEGMENTATION
FIGURE 3. TOP INVESTMENT POCKETS 2016
FIGURE 4. MODERATE BARGAINING POWER OF BUYERS
FIGURE 5. MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 6. HIGH DEGREE OF COMPETITION
FIGURE 7. HIGH THREAT OF NEW ENTRANTS
FIGURE 8. LOW THREAT OF SUBSTITUTES
FIGURE 9. DRIVERS, RESTRAINTS, AND OPPORTUNITIES
FIGURE 10. GLOBAL IOT IN AEROSPACE & DEFENSE MARKET, BY COMPONENT
FIGURE 11. GLOBAL IOT IN AEROSPACE & DEFENSE MARKET, BY COMPONENT, 2016-2023
FIGURE 12. IOT IN AEROSPACE & DEFENSE MARKET, BY APPLICATION 2016-2023
FIGURE 13. IOT IN AEROSPACE & DEFENSE MARKET, BY CONNECTIVITY TECHNOLOGY 2016-2023
FIGURE 14. IOT IN AEROSPACE & DEFENSE MARKET OVERVIEW, BY CONNECTIVITY TECHNOLOGY 2016-2023
FIGURE 15. GLOBAL IOT IN AEROSPACE & DEFENSE MARKET SHARE, BY REGION (2016)
FIGURE 16. OVERVIEW: NORTH AMERICA IOT IN AEROSPACE & DEFENSE MARKET
FIGURE 17. U.S. IOT IN AEROSPACE & DEFENSE MARKET, 2016-2023 ($MILLION)
FIGURE 18. CANADA IOT IN AEROSPACE & DEFENSE MARKET, 2016-2023 ($MILLION)
FIGURE 19. MEXICO IOT IN AEROSPACE & DEFENSE MARKET, 2016-2023
FIGURE 20. OVERVIEW: EUROPE IOT IN AEROSPACE & DEFENSE MARKET
FIGURE 21. UK IOT IN AEROSPACE & DEFENSE MARKET, 2016-2023 ($MILLION)
FIGURE 22. GERMANY IOT IN AEROSPACE & DEFENSE MARKET, 2016-2023 ($MILLION)
FIGURE 23. FRANCE IOT IN AEROSPACE & DEFENSE MARKET, 2016-2023
FIGURE 24. ITALY IOT IN AEROSPACE & DEFENSE MARKET, 2016-2023
FIGURE 25. REST OF EUROPE IOT IN AEROSPACE & DEFENSE MARKET, 2016-2023
FIGURE 26. OVERVIEW: ASIA-PACIFIC IOT IN AEROSPACE & DEFENSE MARKET
FIGURE 27. CHINA IOT IN AEROSPACE & DEFENSE MARKET, 2016-2023 ($MILLION)
FIGURE 28. JAPAN IOT IN AEROSPACE & DEFENSE MARKET, 2016-2023
FIGURE 29. SOUTH KOREA IOT IN AEROSPACE & DEFENSE MARKET, 2016-2023
FIGURE 30. INDIA IOT IN AEROSPACE & DEFENSE MARKET, 2016-2023
FIGURE 31. REST OF ASIA PACIFIC IOT IN AEROSPACE & DEFENSE MARKET, 2016-2023
FIGURE 32. LATIN IOT IN AEROSPACE & DEFENSE MARKET, 2016-2023
FIGURE 33. MIDDLE EAST IOT IN AEROSPACE & DEFENSE MARKET, 2016-2023
FIGURE 34. AFRICA IOT IN AEROSPACE & DEFENSE MARKET, 2016-2023
FIGURE 35. AEROVIRONMENT, INC.: FINANCIAL PERFORMANCE
FIGURE 36. AT & T: FINANCIAL PERFORMANCE
FIGURE 37. ELBIT SYSTEMS: FINANCIAL PERFORMANCE
FIGURE 38. FREEWAVE TECHNOLOGIES: FINANCIAL PERFORMANCE
FIGURE 39. GENERAL ATOMICS AERONAUTICAL SYSTEMS: FINANCIAL PERFORMANCE
FIGURE 40. HONEYWELL INTERNATIONAL, INC.: FINANCIAL PERFORMANCE
FIGURE 41. NORTHRUP GRUNMAN: FINANCIAL PERFORMANCE
FIGURE 42. PROX DYNAMICS: FINANCIAL PERFORMANCE
FIGURE 43. RADISYS: FINANCIAL PERFORMANCE
FIGURE 44. TEXTRON SYSTEMS: FINANCIAL PERFORMANCE

 

The global IoT in aerospace & defense market is expected to grow at a significant rate of 11.8% from 2017 to 2013. The global market is expected to reach $40,950 million by 2023. The market is expected to witness significant growth, owing to overall cost reduction due to automation in manufacturing process to offer usage convenience with preventive maintenance.

The global IoT in aerospace & defense market is driven by enhanced internet penetration, decreased cost of powerful sensors & controllers, growth in information, enhanced connectivity, communication, and technology, and surge in expenditure by governments in the several developed and the developing regions including North America, Europe, and Asia-Pacific.

Internet of Things (IoT) refers to the network of embedded computing devices, data, and things that are interconnected distinctively in the existing internet infrastructure. Furthermore, it has enabled a web of communicating network between users and machines, and is expected to remotely enhance the capability to control the infrastructure, such as intelligent transportation, smart cities, smart grids, smart homes, and others. In addition, high security & standards and other social & economic benefits are offered with the implementation of IoT in aerospace & defense industry.

The hardware segment was the highest contributor to the IoT in aerospace & defense market, in terms of revenue in 2016, while the software segment is anticipated to witness the highest growth rate during the forecast period. North America accounted for the highest share of revenue in 2016, followed by Europe. Asia-Pacific IoT in aerospace & defense market is anticipated to witness a significant growth rate during the forecast period.

The key market players in the global IoT in aerospace & defense market have adopted various strategies, such as product launches, partnerships, business expansions, promotional activities, and strategic alliances, to create awareness about the technology and increase their adoption across various verticals.

 

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