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At 12.2% CAGR, Global IoT in Defense Market Size & Share to Surpass USD 32 Billion by 2028: Industry Trends & Forecast Report by Facts & Factors

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NEW YORK, United States, March 07, 2022 (GLOBE NEWSWIRE) — Facts and Factors has published a new research report titled “IoT in Defense Market By Application Type (Equipment Maintenance, Health Monitoring, Real-Time Fleet Management, Training & Simulation, and Inventory Management), By Element (Software, Hardware, and Services), By Accessibility (Cellular, Wi-Fi, Radio Frequency Identification, and Others) and By Region – Global and Regional Industry Outline, Market Insights, Comprehensive Analysis, Historical Data, and Forecast 2022–2028” in its research database.

“According to the latest research study, the demand of global IoT in Defense Market size & share was worth around USD 32 billion in 2021 and is estimated to grow to about USD 65 billion by 2028, with a compound annual growth rate (CAGR) of approximately 12.2% over the forecast period 2022 to 2028.”

The study examines the drivers, restraints, and challenges that the IoT in defense market as well as the impact that these factors are having on demand over the forecast period. Additionally, the paper examines emerging potential in the IoT in the defense industry.

What is IoT in Defense? How big is the IoT in Defense Market?

Market Overview:

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The integration of the Internet of Things (IoT) into defense, also known as Military IoT, is an endeavor to build interconnected devices capable of performing a variety of military functions or missions. Defense IoT is expected to change information collection, analysis, and flow, allowing for more intelligent interactions across humans, interfaces, and networks, ultimately improving combat decision-making. Modern military forces rely heavily on electronic networks for communication and a variety of other activities.

Furthermore, the integration of IoT into the armed forces has a wide range of military benefits, ranging from equipment maintenance to personnel monitoring to stock management. Internet of Things is being developed on a global scale, with a focus on non-military uses for personnel. IoT is a viewpoint that considers the inevitable closeness of a variety of perceptive things and objects on the planet. They can connect and work with each other to create new applications through remote and wired connections, with the end goal of achieving shared objectives.

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  • Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
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  • Provide detailed chapter-by-chapter guidance on Request
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  • Includes Tables and figures have been updated
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  • Facts and Factors research methodology

(Please note that the sample of this report has been modified to include the COVID-19 impact study prior to delivery.)

Global IoT in Defense Market: Growth Drivers

  • Rising demand to adopt advanced technologies are likely to pave the market’s growth

The need for improved national security has increased the demand for global IoT in the defense market. The defense industry of a region is seen as a valuable asset for the national territory, and it is critical that this sector be equipped with cutting-edge technology. As a result, demand for military IoT in the defense industry has been increasing at a rapid pace in recent years. National territories desperately need greater physical security on a national scale, and defense IoT plays a significant role in attaining this goal. The availability of a unified electronic manufacturing base across regions has also played an important role in the expansion of the global IoT in defense market.

The advantages of IoT in terms of high connectivity, increased security, and rapid decision-making skills are driving the IoT in defense market. Furthermore, the IoT in defense market is being driven by a growing demand for creative and dependable services. However, because of the nature of the Internet, connectivity, embedded operating systems, and backend resources, IoT objects are susceptible to cyber-attacks. Furthermore, the majority of traditional security solutions built for enterprise systems are inapplicable to IoT devices. On the other hand, massive power consumption by the IoT during battles or wars may also hinder the growth of the IoT in defense market.

Industry Major Market Players

Some of the main competitors dominating the global IoT in defense market are;

  • Freewave Technologies
  • Northrup Grunman
  • At & T
  • Radisys
  • Aerovironment Inc.
  • General Atmoics
  • Aeronautical Sysytems
  • Textron Sysytems
  • Honeywell International Inc.
  • Elbit Systems
  • Prox Dynamics

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IoT in Defense Market: COVID-19 Impact Analysis

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The Covid-19 epidemic in 2020 had a negative influence on the economies of several countries throughout the world due to complete or partial lockdown and transportation restrictions. Defense IoT product producers, including subsystems and components, suffered considerable revenue losses. Although the use of IoT in the military for a variety of applications is becoming increasingly significant, the implementation of the lockdown caused a disturbance in the supply chain, resulting in a temporary halt in the production process. The global crisis also impacted long-term defense IoT contracts, which contributed to the global IoT in defense market’s falling growth.

The lack of industrial activity, restricted project investments, and slowing economic conditions resulted in lower global demand for industrial products. The Covid-19 pandemic, on the other hand, had a short-term influence on demand for military IoT in the defense sector. In addition, firms are cooperating with technological behemoths to create and deploy digital technologies that will improve the efficiency of military operations.

Key questions answered in this report:

  • What is the market size and growth rate forecast for IoT in Defense industry?
  • What are the main driving factors propelling the IoT in Defense Market forward?
  • What are the leading companies in the IoT in Defense Industry?
  • What segments does the IoT in Defense Market cover?
  • How can I receive a free copy of the IoT in Defense Market sample report and company profiles?

Key Insights from Primary Research:

  • As per the analysis shared by our primary respondents, the IoT in Defense market is expected to grow annually at a CAGR of around 12.2% over the forecast period 2022-2028.
  • Through primary research, it was established that the IoT in Defense market was valued at approximately USD 32 billion in 2021 and is predicted to grow to about USD 65 billion by 2028.
  • Over the past several years, hardware has dominated the worldwide Iot in defense market, and this trend is predicted to continue over the forecast period.
  • On the basis of region, North America generated the largest amount of revenue in the global IoT in Defense market.

Report Scope

Report Attribute Details
Market Size in 2021 USD 32 Billion
Projected Market Size in 2028 USD 65 Billion
CAGR Growth Rate 12.2% CAGR
Base Year 2021
Forecast Years 2022-2028
Key Market Players Freewave Technologies, Northrup Grunman, At & T, Radisys, Aerovironment Inc., General Atmoics Aeronautical Sysytems, Textron Sysytems, Honeywell International Inc., Elbit Systems, Prox Dynamics., and Others
Key Segment By Application Type, By Element, By Accessibility, and By Region
Major Regions Covered North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
Purchase Options Request customized purchase options to meet your research needs. Explore purchase options

Segmentation Analysis In IoT in Defense Market

The global IoT in defense market is segregated on the basis of application type, element, accessibility, and region.

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By application type, the market is divided into equipment maintenance, health monitoring, real-time fleet management, training & simulation, and inventory management. Real-time fleet management has the greatest market share in the global IoT in defense market.

By element, the market is classified into software, hardware, and services. Hardware has dominated the global IoT in defense market with the highest share in recent years and is expected to continue this trend over the projected period.

By accessibility, the market is divided into cellular, Wi-Fi, radio frequency identification, and others. Among these, the cellular connectivity mode is predicted to have the largest share during the forecast period because it provides more stable bandwidth correspondence for a number of audio and data real-time applications.

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Regional Dominance:

  • North America is expected to account for a sizable share of market revenue

North America earned the most revenue in the global IoT in defense market because of its technologically advanced infrastructure, high adoption of the internet of things (IoT), and growing demand for IoT in defense tools. Furthermore, technological advancements such as the evolution of industrial infrastructure to a smart environment and the integration of blockchain & cryptographic procedures across IoT security services are likely to propel the market in Asia-Pacific to new heights.

Asia Pacific region is expected to grow at a rapid pace throughout the projected period, owing to emerging economies such as India & China, increased urbanization, and other reasons.

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Recent developments

  • July 2021: Robotics Research (RR), LLC received an all-electric version of the RIPSAW® M5, known as the M5-E, from Textron Systems and Howe & Howe, Inc. This robotic vehicle was supplied in its flat-deck configuration to enable weapon integration testing at the US Army Combat Capabilities Development Command Armaments Center. The deal, which was won in the fall of 2020, resulted in a vehicle with innovative technology that provided unparalleled capability.
  • August 2021: The Missile Defense Futures Lab (MDFL) of Northrop Grumman Corporation has recently been established in Huntsville. MDFL, the company’s missile defense division, is leading the way in developing, testing, and fielding an integrated missile defense system with speed and precision.

The global IoT in defense market is segmented as follows:

By Application Type

  • Equipment Maintenance
  • Health Monitoring
  • Real-Time Fleet Management
  • Training & Simulation
  • Inventory Management

By Element

  • Software
  • Hardware
  • Services

By Accessibility

  • Cellular
  • Wi-Fi
  • Radio Frequency Identification
  • Others

Browse the full “IoT in Defense Market By Application Type (Equipment Maintenance, Health Monitoring, Real-Time Fleet Management, Training & Simulation, and Inventory Management), By Element (Software, Hardware, and Services), By Accessibility (Cellular, Wi-Fi, Radio Frequency Identification, and Others) and By Region – Global and Regional Industry Outline, Market Insights, Comprehensive Analysis, Historical Data, and Forecast 2022–2028” Report at https://www.fnfresearch.com/iot-in-defense-market

Key Offerings:

  • Market Size, Share & Forecast by Revenue | 2022−2028
  • Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
  • Market Segmentation – A detailed analysis by Application Type, by Element, by Accessibility, and by Region
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Request Your Free Sample Report of the Global IoT in Defense Market @ https://www.fnfresearch.com/sample/iot-in-defense-market

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Artificial Intelligence

Complyport’s new AI tool – ViCA.Chat – set to revolutionise compliance support services

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LONDON, June 14, 2024 /PRNewswire/ — ViCA.Chat, the Virtual Compliance Assistant powered by AI technology, is set to transform regulatory compliance consulting. Developed by ComplyMAP Group’s AI engineers and Complyport’s compliance consulting teams, ViCA redefines compliance support services and propels governance, risk and compliance consulting into a new era of innovation. 

Offering real-time assistance across a vast array of UK and EU regulatory frameworks, ViCA delivers unparalleled efficiency, detail and precision in disentangling and dealing with complicated regulatory frameworks.
The key differentiator of ViCA is its specialised and purposely constructed unique databases that leverage Complyport’s 22 years of regulatory expertise, combined with tailored AI training tools, enabling ViCA to operate as an experienced compliance consultant. A dedicated human support team continuously improves and updates ViCA’s knowledge and responses through a feedback loop process and quality assurance sessions. This powerful symbiosis of AI and human expertise sets ViCA apart and ensures businesses have the latest regulatory information instantaneously and seamlessly.
As a result, ViCA’s specialised regulatory database goes beyond readily available online resources which feature into traditional AI tools. ViCA offers exclusive insights, proprietary regulatory interpretations, historical data, bespoke and purposely structured compliance documentation and templates. With advanced scraping capabilities, ViCA also extracts relevant data from selected websites and publicly available information, ensuring an up-to-date and comprehensive understanding of compliance requirements across industries.
From agile fintech startups to established law firms, financial institutions, regulatory bodies, insurance providers, as well as compliance consultants, ViCA seamlessly adapts to unique compliance needs. Its user-friendly interface ensures navigating and analysing regulatory data is swift and intuitive, streamlining the compliance workflow.
“ViCA is a game-changer in how regulatory compliance advice will be provided in the future”, commented Luis Parra, Managing Director of ViCA. “With ViCA, compliance insights become available to all. No longer are regulated firms and responsible people overly dependent on advisors and compliance consultants. Through ViCA, the financial system will not only meet but exceed regulatory standards. Moreover, the level of information made available to the public will benefit society as a whole, in its interactions with the financial services sector.”
Among ViCA’s revolutionary features is its cost-effective model, allowing businesses to significantly reduce reliance on traditional spending with external consultants and advisors.
Visit ViCA.Chat to experience the future of compliance support.
Contact:
Name: Luis ParraTitle: Managing DirectorCompany: Vica.ChatTelephone: +44 20 7399 4980 Email: [email protected]
About ViCA.Chat:
ViCA.Chat is a revolutionary Virtual Compliance Assistant powered by cutting-edge AI technology, designed to demystify the complexities of regulatory compliance. Utilising Complyport’s 22 years of regulatory expertise, ViCA offers real-time assistance and guidance across a wide range of regulatory frameworks, setting a new standard for efficiency and precision in compliance support. From fintech start-ups to established law firms, financial services institutions, regulators, regulatory firms, compliance consultants and insurance firms, ViCA caters to the diverse needs of professionals across all levels in the broader UK financial services sector.
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Artificial Intelligence

LoRa and LoRaWAN IoT Market worth $32.7 billion by 2029- Exclusive Report by MarketsandMarkets™

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CHICAGO, June 14, 2024 /PRNewswire/ — The LoRa and LoRaWAN IoT Market is expected to reach USD 32.7 billion by 2029 from USD 8.0 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 32.4 % during 2024–2029, according to a new report by MarketsandMarkets™.

Browse in-depth TOC on “LoRa and LoRaWAN IoT Market”
320 – Tables 58 – Figures294 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=144298529
Scope of the Report
Report Metrics
Details
Market size available for years
2018-2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD Billion)
Segments Covered
Offering, Network Deployment, Application, End User, and Region
Region covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
List of Companies in LoRa and LoRaWAN IoT
The Bosch Group (Germany),  Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US).
The LoRaWAN ecosystem influences development of tools, software libraries, and cloud-based platforms that streamline the creation, deployment, and management of IoT solutions. Continuously evolving, this ecosystem boasts a burgeoning array of vendors providing LoRa-compliant devices, gateways, and network management solutions. This vibrant competition within the ecosystem propels innovation while driving down costs for end-users. Moreover, the development of interoperable solutions fosters seamless integration and deployment of LoRaWAN networks, simplifying the implementation process for businesses and organizations. As the ecosystem continues to expand and mature, it empowers developers, system integrators, and IoT enthusiasts to unleash their creativity, accelerate time-to-market, and unlock the full potential of LoRaWAN technology in diverse applications and industries.
Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=144298529
Based on network deployment, the public network segment to hold the largest market size during the forecast period.
The robust security features integrated into public LoRaWAN networks play a significant role in driving the growth and adoption of LoRaWAN technology in the market. End-to-end encryption ensures that data transmitted between devices and gateways is protected from unauthorized access or interception, safeguarding sensitive information such as sensor readings, location data, and command messages. Message integrity checks verify the integrity of data packets, detecting any tampering or alteration during transmission and ensuring data authenticity and reliability. Additionally, mutual authentication mechanisms establish trust between devices and gateways, verifying the identity of both parties before allowing communication to occur. These security measures provide organizations and end-users with confidence in the integrity and confidentiality of their data, mitigating concerns related to data privacy, cybersecurity threats, and regulatory compliance. As a result, implementing robust security features in public LoRaWAN networks enhances trust and credibility in the technology, driving increased adoption and market growth as organizations seek reliable and secure connectivity solutions for their IoT deployments.
By offering, the services segment is expected to hold a higher growth rate during the forecast period.
IoT service providers are pivotal in driving adoption by developing vertical-specific solutions finely tuned to the distinct needs of industries like agriculture, healthcare, logistics, and smart cities. In agriculture, for instance, IoT services offer solutions for precision farming, crop monitoring, and livestock management, enabling farmers to optimize irrigation, monitor soil health, and enhance yields. Similarly, IoT services facilitate remote patient monitoring, asset tracking, and inventory management in healthcare, improving patient care, reducing costs, and ensuring compliance with regulatory standards such as HIPAA. In logistics, IoT services provide real-time tracking of shipments, fleet management, and predictive maintenance, enhancing supply chain visibility, efficiency, and reliability. For smart cities, IoT services offer solutions for traffic management, waste management, energy optimization, and public safety, transforming urban infrastructure and enhancing the quality of life for residents. By addressing industry-specific challenges, compliance requirements, and use cases, vertical-specific IoT solutions deliver tangible business value, driving adoption and fueling the growth of the IoT services market across diverse sectors.
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Asia Pacific is expected to hold a higher growth rate during the forecast period.
In the Asia Pacific region, where agriculture serves as a cornerstone of many economies, adopting IoT technologies, particularly LoRa and LoRaWAN, is revolutionizing traditional farming practices. LoRaWAN’s long-range connectivity and low-power consumption make it well-suited for deployment in rural agricultural settings, where access to reliable connectivity may be limited. Through LoRa-based IoT solutions, farmers can implement precision agriculture techniques to address pressing challenges such as water scarcity, soil degradation, and unpredictable weather patterns. LoRa-enabled sensors facilitate real-time monitoring of soil moisture levels, temperature, and humidity, allowing farmers to optimize irrigation schedules and conserve water resources. Remote sensing technologies powered by LoRaWAN enable farmers to gather actionable insights on crop health, pest infestations, and nutrient deficiencies, facilitating timely interventions and improving overall crop management practices. Furthermore, LoRa-based crop analytics platforms provide farmers with data-driven decision support tools, helping them optimize planting strategies, improve yield forecasting, and mitigate the impact of climate change on agricultural productivity. By harnessing the power of LoRa and LoRaWAN IoT solutions, farmers in the Asia Pacific region can increase yields, conserve resources, and enhance resilience to environmental challenges, driving the adoption and growth of the LoRaWAN IoT market in the agricultural sector.
Top Key Companies in LoRa and LoRaWAN IoT Market:
The major vendors covered in the LoRa and LoRaWAN IoT Market are The Bosch Group (Germany),  Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the LoRa and LoRaWAN IoT Market.
Browse Adjacent Markets: Digitalization and Internet of Things (IoT) Market Research Reports & Consulting
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Get access to the latest updates on LoRa and LoRaWAN IoT Companies and LoRa and LoRaWAN IoT Industry
About MarketsandMarkets™
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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
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Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
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Scoring a Seat at UEFA EURO 2024™ with Top-Performing AI-Powered TOSHIBA TV Lineup

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HONG KONG, June 14, 2024 /PRNewswire/ — Football fans are in for a treat as they gear up for UEFA EURO 2024™ with Toshiba TV’s top-performing Gaming TV Z670. As the OFFICIAL TV OF UEFA EURO 2024™, Toshiba TVs present immersive viewing of the football game by their AI-powered TV lineup. To celebrate the brilliant moments it can bring, Toshiba TV are gifting USD100 Amazon Gift Card via their social platform! By simply like, follow and comment on @ToshibaTVGlobal, fans can boost their chances of scoring this prize.

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Powerful Audio Effects for a Live Stadium Experience
The Toshiba TV Z670’s powerful audio system makes viewers feel like they’re right in the game. With the REGZA Bass Woofer Pro, Tru Bass Booster, and Dolby Atmos, they’ll experience heart-thumping 3D surround sound that captures the live stadium atmosphere. Whether it’s the roar of the crowd or the intensity of each play, the rich audio brings the excitement of each game right into their room.
Bringing Everyone Together for UEFA EURO 2024™
Available in sizes ranging from 55″ to 85″, Z670 is equipped with a Wide Viewing Angle and Anti-reflection features that ensures a clear picture from all viewing positions with the non-glare panel. Gather everyone for “Brilliant Every Moment” in UEFA EURO 2024™ with Toshiba TV!
Please find the high-resolution TVC here: Link
About Toshiba TV:
With 70+ years of history in TV production, Toshiba TV is known for its exquisite craftsmanship, innovative ideas and groundbreaking inventions. By prioritizing superior image quality and auditory experiences, Toshiba TV sets new standards in entertainment. Toshiba TV stems from the excellence quest of customers, providing the world with responsible products to make the world a better place. Emphasizing attention to product details and technological advancement, Toshiba TV integrates aesthetically pleasing design, quality assurance, and brand reputation to underscore its commitment to authenticity in the actual world and a sincere dedication to its consumers, showcasing Toshiba TV’s long-standing design philosophy and continuous pursuit of product quality.
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