About Internet of Battlefield Things
The Internet of Battlefield Things (IoBT) is a cutting-edge technology that helps military systems improve their operational performance. It's a network of sensors, wearables, and Internet of Things devices that uses cloud and edge computing to build a unified fighting force and connect warfighters to smart technology in armour, radios, weapons, and other items. To decrease the reliance on human warfighters, modern military operations are performed with complicated, highly dynamic, and multidimensional linked technology. Human combatants will be connected to smart technology in armour, guns, radios, and other things in the future, thanks to the IoT. North America is the largest market for the internet of battlefield things followed by the Asia Pacific due to high defence spending.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
Internet of Battlefield Things market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Thales Group (France), Airbus (France), BAE Systems (United States), L3Harris Technologies, Inc. (United States), Northrop Grumman Corporation (United States), L3Harris Technologies (United States), Leonardo S.p.A. (Italy), The Boeing Company (United States), Lockheed Martin Corporation (United States) and SAIC (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Internet of Battlefield Things market by , Application (Communication, Simulation, Combat Management and Others) and Region.
On the basis of geography, the market of Internet of Battlefield Things has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2024. If we see Market by Device, the sub-segment i.e. Wearables will boost the Internet of Battlefield Things market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Training Forces will boost the Internet of Battlefield Things market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Battlefield, the sub-segment i.e. Land will boost the Internet of Battlefield Things market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Research on Internet of Battlefield Things
Market Growth Drivers:
Growing Miltary and Defense Industry Worldwide and Demand for Efficient Battlefield Operations, Informed Decisions, and reduced reliance on Human Intervention
Challenges:
Military Needs Training to Use the Internet of Battlefield Things, Limited Number of Buyers for The Internet of Battlefield Things and Geopolitics Has Huge Influence on The Internet of Battlefield Things
Restraints:
High Cost Associated with the Internet of Battlefield Things
Opportunities:
Large Investments by Developing Nations in the Modernization of the Military Will Boost the Demand for the Internet of Battlefield Things and Increasing Military Cooperation Between Nations Will Increase the Demand for the Internet of Battlefield Things
Market Leaders and their expansionary development strategies
On 2nd April 2019, Thales Group a leading French company on the Internet of Battlefield Things market announced the acquisition of Gemalto creating a global leader in digital identity and security. With Gemalto, Thales will cover the entire critical decision chain in a digital world, from data generation via sensors, to real-time decision support. This acquisition increases Thales’s revenues to €19 billion and self-funded R&D to €1 billion a year, with 80,000 employees in 68 countries.
In June 2020, The United States Army announced intentions to collaborate on artificial intelligence research with teams led by the University of Maryland, College Park, as well as the University of Maryland, Baltimore County. This partnership, according to the army, will speed up the development and deployment of safe, effective, and resilient capabilities and technologies, ranging from wearable devices to unmanned aircraft, that work intelligently and cooperatively with each other and human actors across multiple environments.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Internet of Battlefield Things Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.