IoT in Aerospace & Defense Market Expected to Reach $40,950 Million by 2023
According to a new report published by Allied Market Research, titled, IoT in Aerospace & Defense Market by Connectivity Technology, Component, and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global IoT in aerospace & defense market was valued at $19,175 million in 2016, and is projected to reach at $40,950 million by 2023, growing at a CAGR of 11.8% from 2017 to 2023. The software segment is anticipated to witness the highest growth rate during the forecast period.
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