Global Artificial Intelligence in Military Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Artificial Intelligence in Military Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global artificial intelligence in military market report has been segmented on the basis of platform, offering, application, and region.
Global Artificial Intelligence in Military Market: Overview
Artificial intelligence is a technology the provides human intelligence ability to a computer system with the aid of a series of algorithms and programs. Artificial intelligence key task includes speech recognition, visual perception, learning, and decision-making.
Global Artificial Intelligence in Military Market: Dynamics
Rising demand for technological advancement in modern warfare systems is a key factor expected to drive the growth of the global artificial intelligence market.
Increasing application areas for artificial intelligence and development and integration of artificial intelligence with conventional weaponries where a machine has an edge over human agility, speed, and the labor intensity is among some of the major factors to fuel the growth of the target market. Artificial intelligence powered machines, widely known as lethal autonomous weapons, can efficiently acquire, identify, and engage targets, making them ground-combat autonomous targeting capable vehicles.
Rising automation based on artificial intelligence in the cyber domain to provide defensive networks which will help to minimize vulnerabilities in a cost-effective way is a factor expected to support the growth of the global market. Network framework that incorporates artificial intelligence can prevent and respond to potentially dangerous cyber-attacks without the requirement of human intervention. This is a factor expected to support the growth of the target market.
However, military budget constraint in developing economies and lack of standards and protocols for the use of artificial intelligence for military applications are major factors that could restraint growth of the global market to a certain extent.
Key trend observed in the global market is increasing investment in R&D activities to expand the application area of artificial intelligence and to develop artificial intelligence powered strategies.
For instance; in 12 February 2019, the US Department of Defense (DoD) announced its first artificial intelligence initiative in order to deploy and use AI technology for upcoming projects and missions.
Global Artificial Intelligence in Military Market: Segment Analysis
Among the platform segments, the airborne segment is expected to register highest revenue share and dominate in the global market in the near future. Increasing development of artificial intelligence-based aerial machinery especially in unmanned aerial vehicles by prominent players operating in the global market is a key factor to support the growth of the airborne segment in the coming 10 years.
Global Artificial Intelligence in Military Market: Region Analysis
Governments and military research agencies in North America are increasing investments in artificial intelligence enabled equipment, workforce, systems, and engagement programs between allies and many others. This is a factor expected to drive the growth of the global artificial intelligence in military market in North America over the forecast period
The artificial intelligence in military market in Asia Pacific is projected to dominate in terms of CAGR in the global market, owing to increasing development and government initiatives to modernize the defense sector is witnessing high adoption of emerging technologies such as artificial intelligence in developing countries such as China and India.
The market in Europe is expected to register lucrative growth in terms of revenue in the global market followed by the market in Middle East & Africa.
Global Artificial Intelligence in Military Market Segmentation:
Segmentation by Platform:
Segmentation by Offering:
- Deployment & Integration
- Upgrade & Maintenance
- Software Support
Segmentation by Application:
- Cyber Security
- Warfare Platform
- Target Recognition
- Battlefield Healthcare
- Simulation & Training
- Planning & Allocation
- Information Processing
- Logistics & Transportation
- Threat Monitoring & Situational Awareness
- Others (NBC scenario monitoring, fire monitoring, etc.)
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Estimated Year 2020 Actual Year 2021 Forecast Period 2021–2030 Revenue in US$
- Leidos, Inc.
- Thales Group
- Boeing Company
- IBM Corporation
- BAE Systems PLC
- General Dynamics
- Harris Corporation
- Sparkcognition, Inc.
- Nvidia Corporation
- Raytheon Company
- Soar Technology, Inc.
- Charles River Analytics
- SAIC Motor Corporation Limited
- Lockheed Martin Corporation
- Northrop Grumman Corporation
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