Global Military IoT Market Research Report: Forecast (2024-2030)
Global Military IoT Market Report - By Component (Software, Hardware, Services), By Technology (WiFi, Cellular, Radio-Frequency Distribution (RFID)), By Application (Training and S...imulation, Health Monitoring, Real-Time Fleet Management, Inventory Management, Equipment Maintenance), and Others Read more
- ICT & Electronics
- Sep 2024
- 187
- PDF, Excel, PPT
Market Definition
The integration of the Internet of Things (IoT) in the military or Military IoT is the effort to create interconnected entities for carrying out several military tasks or missions. Military IoT is likely to revolutionize the collection, analysis, and flow of information, which will support more intelligent interactions among individuals, interfaces, & networks, thereby enhancing the decision-making process on the battlefield. Advanced military forces or modern military significantly depend on electronic networks for communication & many other functions. Also, there are wide-range military benefits associated with the IoT integration into armed forces, ranging from vehicle maintenance to personnel monitoring to stock control.
Market Insights & Analysis: Global Military IoT Market (2024-30):
The Global Military IoT Market is estimated to grow at a CAGR of around 9.63% during the forecast period, i.e., 2024-30. The market is growing due to the increased use of the Internet of Things (IoT) in the defense sector to enhance national security through incorporating the latest technology. Consequently, the number of armed forces using IoT has risen exponentially in the global defense industry during the last few years.
Additionally, the increased demand for military IoT will be propelled by the need for high-level physical security across national territories. Furthermore, improvements in infrastructural capabilities within the defense industry are facilitating the adoption of IoT technologies in the field of defense.
Report Coverage | Details |
---|---|
Historical Years | 2019-22 |
Base Years
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2023
|
Forecast Years
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2024-30
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CAGR (2024-30) | 9.63% |
Leading Region | North America |
Top Key Players | Northrop Grumman Corporation, Honeywell International, Inc., InfiSIM Ltd, Psiborg Technologies Pvt Ltd, DXC Technology Company, Palantir Technologies Inc., RAFAEL Advanced Defense Systems Ltd., Lockheed Martin Corporation, L3Harris Technologies, Inc., Elbit Systems Ltd, Hanwha Group, General Atomics, Teledyne FLIR LLC, AT&T Inc., AeroVironment, Inc., BAE Systems, and Others. |
Key Report Highlights |
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IoT is applicable in a wide range of military devices such as vehicles and weapon systems. The major significance of IoT use in the military lies in its ability to offer proper situational awareness among ground fighters. Many armed forces already have several sensors that are used for collecting real-time intelligence. Therefore, integrating IoT solutions into their military systems could improve commanders’ operational picture. For instance;
- In June 2023, Rafael Advanced Defense Systems Ltd. unveiled Puzzle which is an innovative intelligence knowledge management system that integrates various intelligence and artificial intelligence capabilities. Puzzle represents a groundbreaking shift in situational analysis and the sensor-to-shooter cycle, enhancing efficiency, speed, and precision to unprecedented levels.
The military also uses IoT technologies to enhance the efficiency & effectiveness of back-end processes. A military logistics system uses radio frequency identification (RFID) tags for shipment tracking and inventory management purposes. It is also useful in many other training and simulation situations that imitate live combats by connecting lasers with wearable receivers. Hence, this wide use of IoT in the military is predicted to drive up market growth globally during the forecast period.
Global Military IoT Market Driver:
Burgeoning Investments in the Defense Sector for Enhanced Military Operations – The military’s Internet of Things (IoT) technology makes it easier for different types of military equipment, vehicles as well as personnel to be in contact. The data that travels around this web allows the army to have a better understanding of its environment and thus make informed decisions on the battlefield. Valuable information can be obtained about army equipment performance, environmental factors, and troop movements by installing IoT devices and sensors into various military assets. This data collection enables armed forces’ organizations to improve operational efficiency, streamline logistics, and minimize downtimes through predictive maintenance and asset tracking. For instance;
- In December 2023, Nokia announced that it had signed an agreement to purchase Fenix Group; a privately-owned firm specializing in tactical 3rd Generation Partnership Project (3GPP) communication solutions specifically designed for defense communities.
On the other hand, IoT-based surveillance systems such as drones and sensors equipped within the military provide advanced reconnaissance capabilities that enhance intelligence gathering and monitoring for potential threats. As digitization continues to penetrate military activities, cybersecurity gains prominence for defending critical infrastructure along with sensitive information from cyber threats. Thus, investments in IoTs by defense ministries are targeted at robust cyber security solutions that guarantee network integrity, device protection plus data privacy against malicious intrusion for uninterrupted functionality. Thus, helping in the market growth during the forecast period.
Global Military IoT Market Trend:
Integration of 5G Technology in Military Operations for Enhanced Data Collection – Text Features of 5G technology generate a high level of need for innovative IoT solutions that are supported by high-speed connections and in turn create new opportunities for military IoT vendors and IoT service providers. The deployment of 5G will mean that militaries will develop a competitive edge in the communication and processing technologies that are driven by the IoT, leading to investments in the IoT infrastructure and solutions. Such technological means as 5G contribute to the growth of the 5G-enabled IoT market since they provide effective and sustainable implementations of modern warfare practices that rely on technology-based solutions like autonomous systems, cyber warфare, and sophisticated surveillance.
Furthermore, the trend to leverage 5G in the military market propels innovation and the enhancement of new IoT devices and IoT applications customized for military operations, which broadens the IoT military market and promises further potential opportunities. For instance;
- In March 2023, Elbit Systems Ltd. was awarded four contracts to supply the Romanian Ministry of National Defense with aircraft upgrades as well as electronic warfare suites, electro-optical infrared (EOIR) payloads, and Brightnite systems for the IAR 300 helicopters.
Global Military IoT Market (2024-30): Segmentation Analysis
The Global Military IoT Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2024–2030 at the global level. Based on the analysis, the market has been further classified as:
Based on Component:
- Software
- Hardware
- Services
Of them all, Hardware dominated the Global Military IoT Market with the largest market share in recent years & anticipated to prevail in the same trend during 2024-30. It is attributed principally to the mounting defense expenditure on developing technologically advanced devices like sensors, UAVs, wearables, health-check equipment, robots, biometrics, armor, & weapons as well as deploying them across different departments in the defense sector to efficiently exchange real-time information. These hardware components shall also enable soldiers to attain better situational awareness about the battlefield and make strategic & informed decisions at the right time. Hence, the demand for hardware military IoT is projected to soar substantially in the forecast years & drive the global market through 2030. For instance;
- In January 2023, L3Harris Technologies closed its USD 2 billion acquisition of Viasat’s Tactical Data Links (TDL) product line, strengthening its focus on the Defense Department’s efforts to link its systems and sensors into a single network.
On the other hand, the demand for software-based IoT applications is projected to demonstrate significant revenue growth during the forecast period. It owes primarily to the increasing utilization of technologies like the Internet of Things & Artificial Intelligence in IT applications of the defense sector to help military personnel maintain real-time communication using satellite communication devices.
Based on Application:
- Training and Simulation
- Health Monitoring
- Real-Time Fleet Management
- Inventory Management
- Equipment Maintenance
Of them all, the Real-time Fleet Management segment acquired the largest share in the Global Military IoT Market. The military sector invests optimally in fleet management since monitoring the fleet in real-time is quite difficult. The integration of IoT in the defense sector enables real-time GPS monitoring that helps display the overall state of the engine, speed & motor status, fuel economy, and much more information related to the vehicle. In addition, the military IoT is beneficial in enhancing productivity & manageability by sharing real-time data among vehicles & fleet managers.
Integration of IoT in the military fleet can help minimize human operating efforts and readily recognize abnormalities while immediately predicting the failure in various components of military fleets. Intelligent tracking also provides information regarding the operation of the driver and makes him accountable for every step of the vehicle. Apart from this, the use of IoT for real-time fleet management can also save fuel expenses by analyzing each activity and efficiently using the vehicle.
Furthermore, the Health monitoring application acquires a considerable market share. Integration of IoT is beneficial in assisting with the treatment of injuries & other medical conditions. In addition, it can also improve the speed & accuracy of delivering, often lifesaving, and medical treatment to soldiers. Hence, these aspects are expected to boost the adoption of Military IoT for medical applications over the forecast years.
Global Military IoT Market (2024-30): Regional Projections
Geographically, the Global Military IoT Market expands across:
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Among all the regions, North America dominates the Military IoT Industry with the largest market share, principally due to the mounting utilization of IoT in the defense industry across the region for restrictive activities, coupled with the changing nature of wars, which requires the adoption of advanced technologies. Moreover, the extensive presence of well-established & technologically advanced market players and the escalating demand for agile IT infrastructure across North America shall further propel the regional market growth in the coming years.
Following North America, Asia-Pacific is projected to witness the fastest revenue growth during 2024-30. It owes to the increasing expenditure by countries like India & China toward enhancing their defense capabilities. China is investing heavily in its military programs for air, land, & sea defense. Moreover, the rapid adoption of cloud computing technology entwined with increased situational awareness & risk assessment is another crucial aspect expected to fuel the size & volume of the Asia-Pacific Military IoT Market during 2024-30.
Global Military IoT Industry Recent Development:
- 2024: Northrop Grumman Corporation is partnering with Palantir USG, Inc. to fulfill the award for the multi-billion-dollar Tactical Intelligence Targeting Access Node (TITAN) ground system for the U.S. Army. This program meets a critical one of the Army’s modernization priorities as it leverages AI/ML to improve the automatic target recognition and geolocation process, fusing data from multiple sensor systems to reduce the sensor-to-shooter loop.
- 2024: Palantir has secured a USD 178.4 million contract with the US Army to install a battlefield intelligence system in a large truck.
Gain a Competitive Edge with Our Global Military IoT Market Report
- Global Military IoT Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
- This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
- Global Military IoT Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.
*Reports Delivery Format - Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.
Frequently Asked Questions
- Market Segmentation
- Introduction
- Market Definition
- Research Process
- Assumptions
- Executive Summary
- Global Military IoT Market Trends & Developments
- Global Military IoT Market Dynamics
- Growth Drivers
- Challenges
- Global Military IoT Market Hotspots & Opportunities
- Global Military IoT Market Policies & Regulations
- Global Military IoT Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component
- Software- Market Size & Forecast 2019-2030F, (USD Million)
- Hardware- Market Size & Forecast 2019-2030F, (USD Million)
- Services- Market Size & Forecast 2019-2030F, (USD Million)
- By Technology
- WiFi- Market Size & Forecast 2019-2030F, (USD Million)
- Cellular- Market Size & Forecast 2019-2030F, (USD Million)
- Radio-Frequency Distribution (RFID)- Market Size & Forecast 2019-2030F, (USD Million)
- By Application
- Training and Simulation- Market Size & Forecast 2019-2030F, (USD Million)
- Health Monitoring- Market Size & Forecast 2019-2030F, (USD Million)
- Real-Time Fleet Management- Market Size & Forecast 2019-2030F, (USD Million)
- Inventory Management- Market Size & Forecast 2019-2030F, (USD Million)
- Equipment Maintenance- Market Size & Forecast 2019-2030F, (USD Million)
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
- By Company
- Market Share of Top Companies
- Competition Characteristics
- By Component
- Market Size & Analysis
- North America Military IoT Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2019-2030F, (USD Million)
- By Technology- Market Size & Forecast 2019-2030F, (USD Million)
- By Application- Market Size & Forecast 2019-2030F, (USD Million)
- By Country
- The US
- Canada
- Mexico
- The US Military IoT Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2019-2030F, (USD Million)
- By Technology- Market Size & Forecast 2019-2030F, (USD Million)
- Market Size & Analysis
- Canada Military IoT Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2019-2030F, (USD Million)
- By Technology- Market Size & Forecast 2019-2030F, (USD Million)
- Market Size & Analysis
- Mexico Military IoT Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2019-2030F, (USD Million)
- By Technology- Market Size & Forecast 2019-2030F, (USD Million)
- Market Size & Analysis
- Market Size & Analysis
- South America Military IoT Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2019-2030F, (USD Million)
- By Technology- Market Size & Forecast 2019-2030F, (USD Million)
- By Application- Market Size & Forecast 2019-2030F, (USD Million)
- By Country
- Brazil
- Argentina
- Rest of South America
- Brazil Military IoT Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2019-2030F, (USD Million)
- By Technology- Market Size & Forecast 2019-2030F, (USD Million)
- Market Size & Analysis
- Argentina Military IoT Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2019-2030F, (USD Million)
- By Technology- Market Size & Forecast 2019-2030F, (USD Million)
- Market Size & Analysis
- Market Size & Analysis
- Europe Military IoT Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2019-2030F, (USD Million)
- By Technology- Market Size & Forecast 2019-2030F, (USD Million)
- By Application- Market Size & Forecast 2019-2030F, (USD Million)
- By Country
- Germany
- The UK
- France
- Italy
- Spain
- Rest of Europe
- Germany Military IoT Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2019-2030F, (USD Million)
- By Technology- Market Size & Forecast 2019-2030F, (USD Million)
- Market Size & Analysis
- The UK Military IoT Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2019-2030F, (USD Million)
- By Technology- Market Size & Forecast 2019-2030F, (USD Million)
- Market Size & Analysis
- France Military IoT Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
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- By Component- Market Size & Forecast 2019-2030F, (USD Million)
- By Technology- Market Size & Forecast 2019-2030F, (USD Million)
- Market Size & Analysis
- Italy Military IoT Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2019-2030F, (USD Million)
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- Market Size & Analysis
- Spain Military IoT Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2019-2030F, (USD Million)
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- Market Size & Analysis
- Market Size & Analysis
- The Middle East & Africa Military IoT Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2019-2030F, (USD Million)
- By Technology- Market Size & Forecast 2019-2030F, (USD Million)
- By Application- Market Size & Forecast 2019-2030F, (USD Million)
- By Country
- The UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- The UAE Military IoT Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2019-2030F, (USD Million)
- By Technology- Market Size & Forecast 2019-2030F, (USD Million)
- Market Size & Analysis
- Saudi Arabia Military IoT Market Outlook, 2019-2030F
- Market Size & Analysis
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- Market Share & Analysis
- By Component- Market Size & Forecast 2019-2030F, (USD Million)
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- Market Size & Analysis
- South Africa Military IoT Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2019-2030F, (USD Million)
- By Technology- Market Size & Forecast 2019-2030F, (USD Million)
- Market Size & Analysis
- Market Size & Analysis
- Asia-Pacific Military IoT Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2019-2030F, (USD Million)
- By Technology- Market Size & Forecast 2019-2030F, (USD Million)
- By Application- Market Size & Forecast 2019-2030F, (USD Million)
- By Country
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- China Military IoT Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2019-2030F, (USD Million)
- By Technology- Market Size & Forecast 2019-2030F, (USD Million)
- Market Size & Analysis
- Japan Military IoT Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2019-2030F, (USD Million)
- By Technology- Market Size & Forecast 2019-2030F, (USD Million)
- Market Size & Analysis
- India Military IoT Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2019-2030F, (USD Million)
- By Technology- Market Size & Forecast 2019-2030F, (USD Million)
- Market Size & Analysis
- South Korea Military IoT Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2019-2030F, (USD Million)
- By Technology- Market Size & Forecast 2019-2030F, (USD Million)
- Market Size & Analysis
- Australia Military IoT Market Outlook, 2019-2030F
- Market Size & Analysis
- By Revenues (USD Million)
- Market Share & Analysis
- By Component- Market Size & Forecast 2019-2030F, (USD Million)
- By Technology- Market Size & Forecast 2019-2030F, (USD Million)
- Market Size & Analysis
- Market Size & Analysis
- Global Military IoT Market Key Strategic Imperatives for Success & Growth
- Competition Outlook
- Company Profiles
- Northrop Grumman Corporation
- Business Description
- Application Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Honeywell International, Inc
- Business Description
- Application Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- InfiSIM Ltd
- Business Description
- Application Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Psiborg Technologies Pvt Ltd
- Business Description
- Application Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- DXC Technology Company
- Business Description
- Application Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Palantir Technologies Inc.
- Business Description
- Application Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- RAFAEL Advanced Defense Systems Ltd.
- Business Description
- Application Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Lockheed Martin Corporation
- Business Description
- Application Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- L3Harris Technologies, Inc.
- Business Description
- Application Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Elbit Systems Ltd
- Business Description
- Application Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Hanwha Group
- Business Description
- Application Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- General Atomics
- Business Description
- Application Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Teledyne FLIR LLC
- Business Description
- Application Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- AT&T Inc.
- Business Description
- Application Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- AeroVironment, Inc.
- Business Description
- Application Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- BAE Systems
- Business Description
- Application Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Others
- Northrop Grumman Corporation
- Company Profiles
- Disclaimer