Market Research Report

Military IoT Market

Military IoT Market Research Report: Size, Share, Trend Analysis Component (Hardware, Software, Services), Technology (Wi-Fi, Cellular, RFID, Others), Application (Training & Simulation, Health Monitoring, Real-Time Fleet Management, Inventory Management, Equipment Maintenance, Application_Others) and By Region (South America, North America, Europe, Asia Pacific, Middle East and Africa) - Growth Outlook & Industry Forecast To 2024

Vertical: AnDBase Year: 201810 Sections

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Executive Summary

Military IoT Market — Snapshot

  • Market Size (2018)

    $9.66B

  • Projected (2024)

    $17.72B

  • CAGR (2018–2024)

    10.6%

  • Key Players

    5+

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.

Key Insight

The Military IoT Market market is projected to grow at a CAGR of 10.6% from 2018 to 2024.

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Market 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: 5 leading companies are profiled, covering market positioning, strategies, and recent developments.

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Military IoT Market

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