Internet of Military Things (IoMT) Market Size, Share and COVID-19 Impact Analysis, By Solution (Hardware, Software, and Service), By Technology (Wi-Fi, Cellular, RFID, and Others), By Application (Training and Simulation, Health Monitoring, Real-Time Fleet Management, Inventory Management, Equipment Maintenance, and Others), and Regional Forecast, 2024-2032

The global Internet of Military Things Market is seeing remarkable growth, with a significant CAGR forecasted throughout the period up to 2032. Information has always been and always will be at the heart of war. Real-time information exchange between military branches is one of the most important aspects of warfare. This is especially true when the type of information is important and timely knowledge can solve critical situations. IoMT networks can improve situational awareness, response time, and risk assessment. Comprehensive IoMT adoption requires an operating system (OS) for war.

The Internet of Military Things (IoMT) uses multiple sensors deployed in different domains to provide complete situational awareness and control over various conflict and combat zones. Advanced military forces have invested in command, control, communications, computing, intelligence, surveillance, and reconnaissance (C4ISR) systems and infrastructure to collect, analyze, and distribute data. The C4ISR system provides situational awareness.

 A command and control system (C2) allows connected systems to communicate and share information. IoMT works to bring all this information together in one ecosystem. There is a trend towards joint warfare that prioritizes the integration of various branches of national armed forces into a unified command. Such joint warfare involves large-scale combinations of weapons, including armies, navy, air force, and special forces working together in joint operations. Here, IoMT offers both challenges and opportunities.

Impact of COVID-19 on the Internet of Military Things (IoMT) Market

The internet of military things (IoMT) technology is used to create surveillance robots and human-wearable biometrics which can be beneficial for the protection and exercise of fight withinside the navy field. For example, protocol chips had been implanted into infantrymen letting them have constructing clearance to bases, developing a secure protection device via IoT communique.

Moreover, IoT at some stage in COVID-19 has performed a exceptional component in helping the healthcare device to well reveal virus-inflamed sufferers via intertwined networks and devices. The enterprise at some stage in those instances has necessarily selected to depend upon this device of communique to guard humans towards the unfold of the pandemic.

Key Insights

The report will cover the following key insights:

• The report analyzes a detailed overview of the industry, including qualitative and quantitative information.


• It analyzes an overview and forecast of the global internet of military things (IoMT) market based on various segments.


• It also analyzes market size estimates and forecasts from the year 2019 to 2028 covering five major regions: North America, Europe, Asia-Pacific (APAC), rest of the World. The internet of military things (IoMT)  market by region will subsequently be divided into respective countries and segments.


• The report covers analysis and forecasts from 18 countries around the world, along with current trends and opportunities in the region.


• The report analyzes factors affecting the internet of military things (IoMT) market from both the demand and supply side and assesses market dynamics affecting the market during the forecast period, namely: H. Drivers, Restraints, future opportunities, and trends.


• The report also analyzes comprehensive PEST analysis for all five regions i.e. North America, Europe, APAC, rest of the world after evaluating economic, economic, political, and technological factors affecting the impact of the internet of military things (IoMT) market in these regions.

Regional Analysis

The internet of military things (IoMT) is categorized into North America, Europe, Asia Pacific and the Rest of the Wolrd. The North American region is predicted to lead the aerospace and defense edge computing market over the forecast period. The growth of the aerospace and defense edge computing market in North America is mainly driven by the increasing focus on increasing investments in edge computing technologies by the countries in this region. Furthermore, the increase in government expenditure in expanding the technological advancement in the internet of military things to boost the market in the region.

Key Players Covered

• BAE Systems (The U.K.)


• Boeing (The U.S.)


• Lockheed Martin Corporation (The U.S.)


• Northrop Grunmman Corp (The U.S)


• Safran (France)


• Thales Group (France)


• L3 Harris Technologies (The U.S.)


• Airbus (France)


• Others

Segmentation

Key Industry Developments

• In March 2022, US Ignite secured a contract worth USD 3.8 million contract from the Army Engineering Development Center (ERDC) to design and deploy Internet of Things (IoT) sensor networks and data-driven digital dashboards at Fort Benning, Columbus, Georgia.

• In October 2021, the defense innovation hub awarded a contract worth USD 5.48 million contract to an Adelaide-based space industry company Myriota. The contract is focused to expand the Australian Defense Force’s (ADF), Internet of Military Things (IoMT). This will give the Australian military a precise view of tagged asset locations with the data then visualized via a web application.