The global aerospace, defence & security industry experienced a 71% drop in company filings mentions of internet of things in Q2 2023 compared with the previous quarter, with the highest share accounted for by Boeing with 50% year-on-year decrease, according to GlobalData’s analysis of over 19 aerospace, defence & security company filings. The growing application of Internet of Things will prove to have a transformative impact across multiple sectors. GlobalData’s Internet of Things (IoT) Market Size, Share and Trends, Analysis and Forecast report helps keep abreast of the latest trends in Internet of Things, market opportunity forecast and the competitive landscape. Buy the report here.
Notably, internet of things was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of autonomous vehicles and online travel, according to GlobalData.
Of the top leading companies in the aerospace, defence & security industry, Boeing had the greatest increase in references for internet of things in Q2 2023, compared with the previous quarter. GlobalData identified one internet of things-related sentences in the company's filings - 0.3% of all sentences - and an increase of 100% in Q2 2023 compared with Q2 2022. MTU Aero Engines’s mentions of internet of things rose by 100% to 1 and Safran’s by 100% to 1 and Textron’s by 100% to 1.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for internet of things in Q2 2023 was 105.
To further understand GlobalData's analysis on Internet of Things (IoT) Market Size, Share and Trends Analysis by Region, Type (Enterprise, Consumer), Product (Hardware, Software and Services), Enterprise Size, Vertical (Government, Utilities, Manufacturing, Transport and Logistics and Others) and Se buy the report here.