About Military IoT
Military IoT is a subset of the Internet of Things that are used in combat and conflict. It is a sophisticated network of interconnected elements in the military domain that constantly communicate with one another in order to coordinate, learn, and interact with the physical environment in order to perform a wide range of tasks in a more efficient and informed manner. Military IoT reduced the human intervention and errors associated with it. North America is the largest market for military IoT followed by China due to high military spending.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 6.27% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cisco (United States), FLIR Systems (United States), AT&T (United States), Forescout Technologies (United States), Honeywell (United States), Northrop Grumman Corp. (United States), Thales (France), BAE Systems (United Kingdom), IBM (United States) and SAP SE (Germany) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Military IoT market by , Application (Training Forces, Border Security Forces, Special Forces, Patrolling Forces and Others) and Region.
On the basis of geography, the market of Military IoT has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. If we see Market by Platform, the sub-segment i.e. Land will boost the Military IoT market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Device, the sub-segment i.e. Sensors will boost the Military IoT market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Connectivity, the sub-segment i.e. Wi-Fi will boost the Military IoT market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Simulation will boost the Military IoT market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Research to Make Military IoT More Advanced
Market Growth Drivers:
Need To Conduct Military Activities in Efficient Manner, Need To Have Broad Sensory Information and Draw Conclusions from It and Demand Of Military IoT for Surveillance Purposes
Challenges:
Limited Number of Buyers for Military IoT and Complex Nature of Military IoT
Restraints:
High Cost Associated with Initial Instalment of Military IoT
Opportunities:
Increasing Spending on Military Modernization Will Boost the Demand of Military IoT and Emerging Demand of Military IoT from Developing Economies
Market Leaders and their expansionary development strategies
In September 2021 |, EDJX and Cubic Corporation have announced a strategic partnership to launched the world’s first Internet of Military Things Edge Platform. Cubic is a market leader in networked Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) technology.
On 7 Jul 2021, Cisco has launched Webex for Defense, a collaboration platform specifically made for the US Department of Defense (DoD). Webex for Defense has received provisional authorisation from the Defense Information Systems Agency (DISA) to operate at DoD Impact Level 5 (IL5), which means it is authorised to work with the DoD’s national security systems, higher sensitivity CUI, and mission-critical information across all workloads.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Military IoT Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.