IoT
in Defence Market is expected to grow at a significant CAGR in the
upcoming years as the scope and its applications are increasing across the
globe. A system of interconnected computing devices, objects, mechanical and
digital machines, animals or people that are imparted with distinctive
identifiers and the capability to transfer information over a network without
necessitating human-to-human or human-to-computer interaction is referred to
Internet of Things (IoT).
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IoT plays a significance role
in the defence industry. Some of the examples of IoT in defence include
proactive equipment maintenance; provide battlefield situational awareness,
remote training, efficient inventory management, real-time fleet management,
etc. The factors that propel the growth of the IoT in Defence Industry include
increasing demand, rapid urbanization & industrialization, and product
development & technological innovations.
In addition, factors such as
greater internet penetration, considerable growth in information,
communication, & technology (ICT), bandwidth & connectivity and reduced
cost of powerful sensors & controllers fuel the market growth. Also,
spending by governments in the numerous developed as well as the emerging
regions such as India, China, etc. contribute to the market growth.
IoT in Defence Market is
classified on the basis of product type, applications, and geography. This
industry is segmented by product type as infrastructure and equipment
monitoring, military personnel monitoring and tracking, smart weaponry, and
others. IoT in Defence Market is classified on applications as home security,
industry management, natural disasters, public safety, and others. IoT in
Defence Industry is classified on the basis of geography as North America,
Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle
East and Africa.
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The North American region
consists of the U.S., and Canada. Latin America region consists of Mexico and
Brazil. The Western European region consists of Germany, Italy, France, England
and Spain. The Eastern European region consists of Poland and Russia. Asia
Pacific region consists of China, India, ASEAN, and Australia & New
Zealand. The Middle East and African region consists of GCC, South Africa and
North Africa. In case of geographical region, North America is projected to
account a major share in the IoT in Defence Industry. The key factor that
attributes to the growth of this region is due to technological innovations,
well established infrastructure and high implementation of IoT.
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