Updated

Updated · openPR · May 21

QYResearch Sees Military Internet of Things Market Reaching $27.27 Billion by 2032

Updated

Updated · openPR · May 21

QYResearch Sees Military Internet of Things Market Reaching $27.27 Billion by 2032

1 articles · Updated · openPR · May 21

$27.27 billion is QYResearch’s forecast for the global Internet of Military Things market by 2032, up from a 2025 valuation of $14.30 billion.
9.8% annual growth is expected from 2026 to 2032, driven by wider adoption of smart battlefield technologies aimed at improving situational awareness, data sharing and military decision-making.
Hardware, software and services make up the market, with applications spanning health monitoring, real-time management and equipment maintenance.
North America remains a key market in the report, while Asia-Pacific is highlighted as a major growth opportunity amid rising investment and industrial expansion.
Lockheed Martin, Thales, L3Harris, Northrop Grumman, Airbus, Safran, Boeing and BAE Systems are listed among leading players pursuing alliances, acquisitions and R&D to strengthen positions.

Sources

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