Artificial Intelligence in the Military Market to Surge to USD 14.39 Billion with 11.99% CAGR Which Lead A.I. Revolutionizes Defense By 2030
Research Reports
Aug 23, 2023
Market Research Future Insights
The Artificial Intelligence in the Military Market is valued at USD 14.39 Billion, poised to grow with an 11.99% CAGR from 2020 to 2030.
The integration of Artificial Intelligence (AI) in the military market sector has ushered in a new era of innovation and capabilities. The field of computer science known as artificial intelligence (AI), often referred to as machine intelligence, focuses on creating and managing tools that can make decisions and conduct transactions on behalf of people. Artificial intelligence applications in supercomputers and quantum computers are two examples of the intelligence criteria against which artificial intelligence algorithms are now being assessed. It is anticipated that these developments in artificial intelligence technology would aid in the growth of the sector.
The COVID-19 pandemic may need the use of artificial intelligence (AI), which might be a vital instrument. The fourth industrial revolution has shown that artificial intelligence is a key technology, and many experts think that AI will have a similar impact on modern health. The many COVID-19 detection, infection tracing, and risk exposure capabilities are powered by artificial intelligence-based applications. Additionally, in a time when the world’s supply chains are constantly being disrupted, AI solutions are allowing efficient management of patients and medical resources. Such an application of AI technology is creating some fantastic potential for the growth of the AI industry.
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Key Players
BAE Systems Plc. (U.K.), Northrop Grumman Corporation (U.S.), Raytheon Technologies Corporation (U.S.), Lockheed Martin Corporation (U.S.), Thales Group (U.S.), L3Harris Technologies, Inc. (U.S.), IBM (U.S.), and Rafael Advanced Defense Systems (Israel)
Market Segmentation
The Global Artificial Intelligence (AI) market has been segmented into Component, Deployment, Technology, and Vertical.
Based on the Component, the market has been segmented into Solutions and Services.
Based on the Deployment, the market has been segmented into On-Premise and On-Cloud.
Based on the Technology, the market has been segmented into Machine Learning, Natural Language Processing, Computer Vision, and Others.
Based on the Vertical, the market has been segmented into IT and Telecommunication, Retail and E-Commerce, BFSI, Healthcare, Manufacturing, Automotive, and Others.
Regional Analysis
America and Europe are the AI market leaders globally. The use of AI in the army and navy’s defensive system has improved the globe by predicting the nature of terrorist attacks and minimizing them, they have advanced AI to the next generation. Monitoring government-maintained data has significantly decreased the frequency of these assaults.
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Europe’s technologically advanced SAP-HANA is poised to completely transform the financial sector of global economics by opening up a market for enterprises to record and forecast data.
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