Global IoT in Aerospace & Defence Market to Reach US$ 72.7 Billion by 2032, Stimulated by Expanding Aerospace Industry

October 10, 2023 | Aerospace and Defense

According to the latest report by IMARC Group, titled “IoT in Aerospace & Defence Market by Component (Hardware, Software, Services), Connectivity Technology (Cellular, Wi-Fi, Satellite Communication, Radio Frequency), Deployment Mode (On-premises, Cloud-based), Application (Fleet Management, Inventory Management, Equipment Maintenance, Security, and Others), and Region 2024-2032,” the global IoT in aerospace & defence market size reached US$ 50.6 Billion in 2023. In the aerospace and defence sector, the Internet of Things (IoT) represents a technological solution that facilitates the connection of mechanical equipment and objects to the internet. This encompasses a range of tools and services that enhance industry management and the utilization of interconnected smart devices for real-time data collaboration. IoT is extensively applied in areas such as health management, maintenance and repair, mobility planning, inventory control, analytical tools, and remote monitoring within this sector. Its implementation in aerospace and defence operations contributes to heightened overall efficiency and safety by leveraging predictive maintenance, data analytics, and intelligent surveillance functionalities. Furthermore, IoT aids in cabin temperature control, bolstering aircraft safety and operational performance, traffic management, passenger experience enhancement, luggage management streamlining, reducing recurring complexities, and optimizing maintenance procedures.

Global IoT in Aerospace & Defence Market Trends:

At present, significant expansion in the aerospace industry across the globe is one of the key factors driving the market growth. This growth can be attributed to several associated advantages, including enhanced engine fuel economy, improved noise performance, and emissions reduction, all of which contribute to the favorable market outlook. Furthermore, the widespread use of IoT in aerospace enables the monitoring of air conditions, passenger flows, and real-time aircraft systems, further boosting market expansion. In the defence sector, the escalating utilization of IoT, driven by national security concerns, serves as another growth inducing factor. Beyond this, the increasing demand to integrate sensor systems, actuators, and control systems with existing military infrastructure, coupled with the widespread deployment of networked cameras and airborne drones for battlefield surveillance and information relay to command centers, fuels the market growth. Additionally, the extensive adoption of IoT in defence, with its benefits encompassing robust satellite connectivity, enhanced security measures, and swift decision-making capabilities, is also driving the market expansion. Moreover, the broad application of IoT for emergency communication, activation of public warning systems, mission-critical logistics support, situational awareness updates, and the growing need for real-time tracking of armed vehicle speed and braking systems, all contribute positively to market growth. Other factors, such as the increasing internet penetration, extensive research and development (R&D) efforts, and government initiatives aimed at modernizing the defence and aerospace sectors, are expected to further propel market growth. Looking forward, IMARC Group expects the market to reach US$ 72.7 Billion by 2032, exhibiting a growth rate (CAGR) of 3.97% during 2024-2032.

Market Summary:

  • Based on the component, the market has been segmented into hardware, software, and services. Currently, hardware represents the largest segment.
  • On the basis of connectivity technology, the market has been segregated into cellular, Wi-Fi, satellite communication, and radio frequency. Presently, cellular accounts for the largest market share.
  • The report has segmented the market based on the deployment mode into on-premises and cloud-based. Amongst these, cloud-based holds the largest market share.
  • Based on the application, the market has been segmented into fleet management, inventory management, equipment maintenance, security, and others. According to the report, fleet management represents the largest application area.
  • Region-wise, North America (the United States and Canada) holds the leading position in the market. Other major regions include Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others) Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa.
  • The competitive landscape of the market has been examined, with some of the key players being AeroVironment Inc., AT&T Inc, Elbit Systems Ltd, Freewave Technologies Inc., Northrop Grumman Corporation, SAP SE, and Synopsys Inc.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Components Covered Hardware, Software, Services
Connectivity Technologies Covered Cellular, Wi-Fi, Satellite Communication, Radio Frequency
Deployment Modes Covered On-premises, Cloud-based
Applications Covered Fleet Management, Inventory Management, Equipment Maintenance, Security, Others
Regions Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered AeroVironment Inc., AT&T Inc, Elbit Systems Ltd, Freewave Technologies Inc., Northrop Grumman Corporation, SAP SE, Synopsys Inc. etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

134 N 4th St.
Brooklyn, NY 11249, USA
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global IoT in Aerospace & Defence Market to Reach US$ 72.7 Billion by 2032, Stimulated by Expanding Aerospace Industry
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-714-6104


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More