Military IoT Market Size 2021-2026: Northrop Grumman Corporation, Honeywell International Inc., BAE Systems, FreeWave Technologies, Inc., Lockheed Martin Corporation

According to MarkNtel Advisors study the Global Military IoT Market is anticipated to grow at a CAGR of around 8% during the forecast period, i.e., 2021-26.

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Key Findings of the Study: Military IoT market

Key Driver: Burgeoning Investments in the Defense Sector for Enhanced Military Operations

Integration of IoT in the military is gaining traction as the technology is being highly appreciated and used worldwide. The government is massively investing and encouraging the usage of IoT in several developed and developing regions including North America, Asia-Pacific, and Europe. With the rising complexity and nature of wars and increasing demand for nation’s territory security, the government across the world are increasing their investments to adopt advanced technologies in order to improve their military efficiency.

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Scope of the Report and Military IoT Market Segmentation:

By Component

• Hardware
• Software
• Services

By Technology

• Wi-Fi
• Cellular
• RFID
• Others

By Application

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

Of them all, Hardware dominated the Global Military IoT Market with the largest share in recent years & anticipated to prevail in the same trend during 2021-26.

Military IoT Market Competitive Landscape

• Northrop Grumman Corporation
• Honeywell International Inc.
• BAE Systems
• FreeWave Technologies, Inc.
• Lockheed Martin Corporation
• Forescout Technologies, Inc.
• AT&T Inc.
• L3Harris Corporation
• IBM Corporation
• Thales Group
• SAP SE
• FLIR Systems Inc.

Geographical Analysis:

By Region

• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific

Geographically, among all regions, North America dominates the Military IoT Market with the largest share.

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