Market Size (2018)
2018
$9.66B
Aerospace
Military IoT Market
By Segment, By Region, And Segment Forecasts, 2018 – 2024
Vertical: AnDBase Year: 201810 Sections
Executive Summary
Military IoT Market — Snapshot
Projected (2024)
2024
$17.72B
CAGR (2018–2024)
10.6%
10.6%Key Players
103+
The global military IoT market is growing at a significant rate owing to the changing nature of warfare and increased use of IoT in battlefield management systems (BMS) for special operations. The global military IoT market is expected to register a 10.64% CAGR during the forecast period of 2019 to 2024. In 2018, the market was led by North America with a 30.93% share, followed by Europe and Asia-Pacific with shares of 26.13% and 24.59%, respectively.
The global military IoT market has been segmented based on component, technology, application, and region. The hardware component segment accounted for the largest share of 42.02% of the global military IoT market in 2018 while the Wi-Fi technology segment was the largest with a market share of 52.42% in 2018. The real-time fleet management application segment led the market with a share of 23.29% in 2018.
Market Attractiveness Analysis
Global Military IoT Market, by Component
Global Military IoT Market, by Technology
Global Military IoT Market, by Application
Global Military IoT Market, by Region
Key Insight
The Military IoT Market market is projected to grow at a CAGR of 10.6% from 2018 to 2024.
Market Performance Trend
Historical performance and future projections (2020–2030, USD Billion)
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View Subscription PlansMarket Scope & Coverage
What this report covers
- Geographic Coverage: This analysis covers 5 regions: South America, North America, Europe, Asia Pacific, Middle East and Africa.
- Market Segmentation: The market is analyzed across 3 segments: Software, Hardware, Services. Forecasts are provided for each segment from 2018 to 2024.
- Competitive Landscape: 103 leading companies are profiled, covering market positioning, strategies, and recent developments.
Market Size (USD Mn)
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View Subscription PlansMarket Overview
Military IoT Market — Growth Trajectory
Military IoT encompasses the use of technologies such as global positioning systems (GPS) and satellite communication to provide real-time information to military commanders. The real-time data provided by military IoT systems enables users to plan operations and take optimal decisions. Additionally, these systems offer various benefits such as improved situational awareness and information on equipment health, enabling users to experience enhanced safety. However, issues associated with data management and threats to cybersecurity may hamper market growth.
Military IoT Market — Growth Trajectory
Software
Hardware
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View Subscription PlansMarket Size Trend (USD Mn)
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View Subscription PlansMarket Dimensions
How this market is segmented
- Component Component is broken down into: Hardware, Software, Services.
- Technology Technology is broken down into: Wi-Fi, Cellular, RFID, Others.
- Application Application is broken down into: Training & Simulation, Health Monitoring, Real-Time Fleet Management, Inventory Management, Equipment Maintenance, Application_Others.
Geographic Analysis
Regional market breakdown
- South America South America market size reached $495.00M in 2018 and is projected to reach $754.90M by 2024, growing at a CAGR of 7.3%.
- North America North America market size reached $2.99B in 2018 and is projected to reach $5.54B by 2024, growing at a CAGR of 10.9%.
- Europe Europe market size reached $2.52B in 2018 and is projected to reach $4.61B by 2024, growing at a CAGR of 10.6%.
- Asia Pacific Asia Pacific market size reached $2.38B in 2018 and is projected to reach $4.61B by 2024, growing at a CAGR of 11.7%.
- Middle East and Africa Middle East and Africa market size reached $1.28B in 2018 and is projected to reach $2.20B by 2024, growing at a CAGR of 9.5%.
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View Subscription PlansResearch Methodology
Military IoT Market — How We Researched This Market
Research Process
Market Research Future analysis is based on interviews with industry experts who offer insight into the market structure, market segmentation, technology assessment, competitive landscape (CL), market penetration, as well as the emerging trends. Besides primary interviews (~80%) and secondary research (~20%), their analysis is based on years of professional expertise in their respective industries. Our analysts also predict where the market will be headed in the next five to 10 years, by analyzing historical trends and the current market position. Furthermore, the varying trends in segments and categories in each region are studied and estimated based on primary and secondary research.
Primary Research
Extensive primary research was conducted to gain a deeper insight into the market and industry performance. For this particular report, we have conducted primary surveys (interviews) with the key level executives (VPs, CEOs, marketing directors, and business development managers, among others) of the major players active in the market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed in the next five to 10 years.
Secondary Research
Secondary research was mainly used to collect and identify information useful for an extensive, technical, market-oriented, and commercial study of the global military IoT market. It was also used to obtain key information about major players, market classification and segmentation according to industry trends, and developments related to the market and technology. For this study, analysts have gathered information from various credible sources such as annual reports, SEC filings, journals, white papers, corporate presentations, company websites, international organizations, and paid databases.
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of the overall global military IoT market. The key players in the market were identified through secondary research, and their market contributions in different applications across the globe were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Market Research Future added before being presented in this report. The following figure shows an illustrative representation of the overall market size estimation process employed for the purpose of this study.
Base Year
2018
Historical Period
2018 – 2018
Forecast Period
2018 – 2024
Primary Interviews
150+
Research Process
Historical data (2018–2018) and forecast period (2018–2024)
1
Problem Definition
- Market scoping
- Objective setting
- Framework design
2
Secondary Research
- Literature review
- Data mining
- Trend analysis
3
Primary Research
- Expert interviews
- Field visits
- Surveys
4
Data Analysis
- Quantitative modeling
- Statistical testing
- Validation
5
Insights & Reporting
- Synthesis
- Recommendations
- Visualization
Research Depth
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
Historical vs. Forecast Data
Historical (observed)
Forecast (modelled)
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View Subscription PlansCompetitive Landscape & Porter's Five Forces
Military IoT Market — Competitive Analysis
Threat of New Entrants
The threat of new entrants denotes the impact of players trying to enter the market. The global military IoT market is expected to showcase significant growth. The initial investments required for the technology used to manufacture IoT-based systems and the research and development expenditure are moderate. Therefore, the threat of new entrants to the existing industry participants is projected to be moderate during the forecast period.
Bargaining Power of Suppliers
The bargaining power of suppliers refers to the degree of influence that input providers exert over the market dynamics. Suppliers in the global military IoT market provide sub-systems and components. The switching costs are moderate as manufacturers tend to enter into long-term associations with suppliers to ensure an uninterrupted supply of required materials. Product differentiation is also low and there are several suppliers in the market. Therefore, the bargaining power of suppliers is expected to range between low and moderate.
Bargaining Power of Buyers
The bargaining power of buyers in the global military IoT market is expected to be moderate. Buyers can be broadly categorized as the defense forces of various countries. There are numerous buyers in the global military IoT market, who are highly reliant only on successful and established IoT-based systems manufacturers. Furthermore, brand recognition has a high impact on buyers’ choices. The switching costs for buyers are moderate due to less variation in the costs of IoT-based systems manufactured by key players.
Threat of Substitutes
The threat of substitutes refers to the effect of substitute systems on the concerned market. Presently, there are no substitutes available for IoT-based systems for the military although the high cost of these systems may lead to the introduction of substitutes in the future. Thus, the threat of substitutes is projected to be low.
Rivalry
There is intense competition among the existing players in the market, with companies investing heavily in the research and development of IoT-based systems to meet the various requirements of the end users. Every company in the market is focused on offering the best quality systems that provide accurate information, virtual reconnaissance, dynamic situational awareness, flexible communications, and other features at competitive prices. Hence, the intensity of rivalry in the market is expected to be high.
Quantitative Analysis
Regional Breakdown
Regional market breakdown for Military IoT Market.
Regional Market Size (USD Mn)
Market estimates by geography (2024)
USD Mn
InsightNorth America leads with $5.54B by 2024, while Asia Pacific is projected to grow fastest at a 11.7% CAGR.
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View Subscription PlansRegional Market Data
| REGION | 2018 | 2018 | 2024 | CAGR | SHARE |
|---|---|---|---|---|---|
| South America | $495.00M | $612.30M | $754.90M | 7.3% | 4% |
| North America | $2.99B | $4.07B | $5.54B | 10.9% | 31% |
| Europe | $2.52B | $3.41B | $4.61B | 10.6% | 26% |
| Asia Pacific | $2.38B | $3.31B | $4.61B | 11.7% | 26% |
| Middle East and Africa | $1.28B | $1.68B | $2.20B | 9.5% | 12% |
| Total | $9.66B | $13.08B | $17.72B | 10.6% | 100% |
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View Subscription PlansSegment Revenue (2024)
Software
Hardware
Services
01998399659947992
Segment Market Share
- Software41%
- Hardware39%
- Services20%
Total Market Size
$17.72B
Market by Segment (2024)
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Software | $7.27B | 10.6% | 89% |
| Hardware | $6.89B | 10.6% | 89% |
| Services | $3.56B | 10.6% | 89% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytics
Military IoT Market — Key Findings
Analytical insights on Military IoT Market covering market dynamics, competitive landscape, and strategic outlook.
Key Analytical Findings
The Military IoT Market market is projected to reach $17.72B by 2024, growing at 10.6% CAGR. The Software segment holds the largest share.
Market Dynamics
The global military IoT market is growing rapidly due to the changing nature of warfare and increased use of IoT in BMS for special operations. However, the growth of the market may be hindered by issues associated with data management and cybersecurity.
Market Drivers
The nature of warfare has changed significantly over the past decade with the increase in anti-extremist missions globally. It is transforming from the use of only weapons to the use of technologically advanced equipment such as IoT-based systems. Currently, the use of advanced technology is a key determining factor for the success of military missions. These include communication systems, computers, navigation devices, and upgraded weapon sights, which help soldiers deal with critical situations. They provide soldiers with greater adaptability and maneuverability. For instance, Elbit Systems developed a weapons-integrated system, WinBMS, which uses IoT as a network-integrated solution to enhance the connectivity and coordination of maneuvering forces. Moreover, simulation studies and experimental evaluations of IoT systems have proven that they help pinpoint soldier position and provide required information on the enemy during combat operations, thereby, enhancing the situational awareness of soldiers. Due to these factors, the demand for military IoT has increased, which is expected to drive the growth of the market during the forecast period.
Market Opportunities
The rising number of territorial disputes and security issues in China, India, and other Asian countries have resulted in increased spending by governments on the modernization of military systems and equipment. The governments in these countries are looking to implement advanced systems to tackle increasingly complicated combat operations. Moreover, these countries have implemented situational awareness programs such as HELIOS, a laser system program of the US Navy, which increases situational awareness along with long-range intelligence and surveillance and counter-unmanned aerial system capabilities. IoT plays a vital role in integrating advanced systems and aligning them to the specific needs of operations. Therefore, the focus on military modernization and increasing need for situational awareness offer an opportunity to manufacturers to develop cost-effective IoT systems. Companies such as General Electric, Honeywell Corporation, and Thales Group have started designing and developing advanced IoT-based systems by minimizing the overall cost. In July 2018, Thales Group and Microsoft Corporation formed a partnership for the development of a common defense cloud solution for armed forces.
Market Restraints
The efficient management of data is a major factor restraining the growth of the global military IoT market. Military IoT platforms transmit large volumes of digital data to servers used at various levels of application. The increasing adoption of military IoT and shifting technological environment require ample storage to manage the data transmitted from various processes. During warfare the processing and availability of required data to personnel are of prime importance. At present many leading defense forces lack the systems and equipment to process key warfare data. Issues with the analysis and storage of this data can reduce the efficiency of operations and IoT solutions, which is expected to hinder the growth of the global military IoT market during the assessment period.
Strategic Outlook and Future Directions
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Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.
Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.
Market Value by Segment (2024)
Value (USD Mn)
Software
Hardware
Services
Companies
Key companies profiled in Military IoT Market
Profiles of 103 companies operating in the Military IoT Market market, including revenue, employee count, and market positioning where available.
Showing 103 of 103 companies
FLIR Syste
FLIR Systems Inc.
Semiconductor
Company Global Headquarters: US Founded: 1978 Workforce: ~3,649 Company Overview. FLIR Systems Inc. (FLIR Systems) designs, develops, markets, and distributes the solutions such as thermal imaging cameras, imaging sensors, and their components. The company sells its products to various end markets, including original equipment manufacturers (OEMs), homeland security, industrial, consumer, military, enterprise, environmental, and infrastructure. FLIR Systems operates through six segments, namely surveillance, instruments, security, OEM & emerging markets, maritime, and detection. The surveillance segment offers recognition and enhanced imaging solutions under commercially developed, military qualified (CDMQ) models for law enforcement, military, public safety agencies, and other government customers. The company operates globally in the Americas, Europe, Asia, and the Middle East and Africa.
Revenue$0.0B
Employees3,649
Market CapN/A
Founded1977
United States, North America
AT&T INC.
AT&T INC.
ICT
Company Headquarters: Dallas, Texas, US Founded: 1983 Workforce: ~262,290 Company Working: AT&T Inc. (AT&T) provides telecommunication, media, and technology services such as local and long-distance phone service, Internet access and messaging, wireless and data communications, IP-based and satellite television, security services, telecommunications equipment, and directory advertising and publishing services. The firm operates through three segments: communications, WarnerMedia, and Xandr. The communications segment offers wireless and wireline telecom, video, broadband and Internet services; IP-based, video entertainment services using satellite and streaming options; and audio programming services under the AT&T. The WarnerMedia segment primarily produces, distributes, and licenses television programming and feature films; distributes home entertainment products in physical and digital formats; and produces and distributes mobile and console games and consumer products, as well as offers brand licensing services. The Xandr segment offers digital advertising services. It also operates cable networks, multichannel premium pay television, and digital media properties.
Revenue$181.2B
Employees262,290
Market CapN/A
Founded1982
Dallas, Texas, US
Northrop G
Northrop Grumman Corporation
Aerospace
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Revenue$36.8B
EmployeesN/A
Market CapN/A
FoundedN/A
United States, North America
Anuvu
Anuvu
Aerospace
Company Headquarters: US Founded: 2011 Workforce: ~ 1700 Company Working: Anuvu is a company that provides high-speed connectivity and entertainment solutions for demanding worldwide mobility markets, such as airlines, cruise lines, and maritime, energy and government applications. The company operates its business in two main segments which are, Connectivity and Content. Anuvu’s Connectivity segment offers a range of products and services that enable secure and efficient data transfer between satellite networks and wireless devices, such as the Anuvu Constellation Operating System (ACOS), the webCS Wireless Aircraft Communications Server, the webFB Smart Aircraft Interface Device, and the Ballard Technology AID. Anuvu’s Content segment provides entertainment solutions for worldwide airline, ship, and non-theatrical markets, such as movies, TV shows, games, music, and magazines. Anuvu has its primary offices in the USA, Canada, UK, Europe, the Middle East, India, and Asia. The company has recently secured a major capacity deal with Telesat, providing Anuvu with 10 Gigabits of Ka-band capacity over the Southeastern US, the Caribbean, the Gulf of Mexico, and Central America. This deal is part of Anuvu’s Bridge to LEO strategy, which aims to seamlessly integrate LEO and GEO satellite capability using ACOS3. Anuvu’s partnership with Telesat will allow Anuvu customers to access the Telesat Lightspeed LEO network, which offers high-capacity, low-latency, and global coverage for mobility markets.
RevenueN/A
Employees1,700
Market CapN/A
Founded2010
US
Teledyne C
Teledyne Controls Llc
Aerospace
Company Headquarters: US Founded: 1916 Workforce: ~ 156,000 Company Working: Boeing Company's Défense, Space & Security (BDS) is a business unit that specializes in the production, maintenance, and improvement of fixed-wing and rotary-wing aircraft, commercial and government satellites, human spaceflight programs, and weapons. BDS is a renowned global leader in the defence and space industry, with core competencies in the development, production, and mission-critical upgrades of comprehensive solutions. Its primary markets include aeronautics, space, and weapons. BDS is committed to delivering innovative, digitally advanced, and highly efficient solutions to its customers. Its expertise lies in the production and integration of complex systems that provide integrated solutions to meet the diverse needs of its customers. BDS is a highly skilled and experienced contractor that delivers advanced solutions in the fields of defence, space, and security, with an emphasis on quality, efficiency, and customer satisfaction.
Revenue$3.1B
Employees156,000
Market CapN/A
Founded1915
US
SKYTRAC SY
SKYTRAC SYSTEMS LTD
Aerospace
Company Headquarters: Arizona, U.S. Founded: 2015 Workforce: ~1,500 Company Working: SKYTRAC SYSTEMS LTD. is a leading provider of satellite communications and intelligent connectivity solutions for the aviation industry. The company offers a range of products and services that enable real-time flight data, voice, text, video, and image transfer between aircraft and ground stations. SKYTRAC’s products include the SDL-700 Satcom system, the ISAT-200A transceiver, the SkyWeb online platform, and the SkyNode S200-012 flight data recorder. SKYTRAC’s solutions are used by various customers, such as Airbus Helicopters2, to support their Joint Light Helicopter (Hélicoptère Interarmées Léger – HIL) French Armed Forces Programme. Additionally, SKYTRAC also develops custom solutions for specific customer needs. The company has its headquarters in Kelowna, British Columbia, Canada, and has been in the industry for over 25 years
RevenueN/A
Employees1,500
Market CapN/A
Founded2014
Arizona, U.S.
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I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
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Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
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We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Military IoT Market
Starting from
$4,950