Artificial Intelligence in Military Market Size, Major Key Players 2021, Industry Growth Analysis, Evolving Technologies, Development Plans, Global Share, Forecast to 2028
Research Reports
Feb 14, 2022
The global Artificial Intelligence (AI) for military market size reached USD 6.50 billion in 2020 and is expected to register a revenue CAGR of 13.4% during the forecast period, according to latest analysis by Emergen Research. Increasing hostility and terrorism and political instability are expected to boost market revenue growth. Additionally, increasing government expenditure on research & development of AI enabled military weapons is expected to support market growth between 2021 and 2028. Currently, rising geopolitical tensions among countries and increasing Chinese actions are propelling various countries to modernize military technology using AI. Integrating AI will enable countries to conduct better surveillance in order to detect and prevent threats. Similarly, AI technology can be used to process a large amount of data and facilitate better decision-making during times of conflict. These are some major factors driving growth of the global AI for military market revenue.
However, bad quality data problems can result is errors in decision-making during critical situations. Additionally, lack of regulations governing the usage of AI technology is expected to hamper market revenue growth during the forecast period.
The report on the Artificial Intelligence in Military market gives an in-depth statistical analysis to examine the fastest growing sectors in the market while speculating the demand and supply, consumption power, spending capacity and distribution channel globally. The report identifies the overall growth in the import and export and derives the future trends that the industry might witness. The study also applies primary and secondary research methods to assess the annual and financial performance of the top vendors and insights from market leaders.
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The researcher also discusses the recent trends and developments including joint ventures, collaborations, investments, product launches and acquisitions and mergers constitute a substantial part of the research on the Artificial Intelligence in Military market for the forecast period from 2021 to 2028. The report will empower companies to understand the opportunities, adapt to their consumer demands, needs, and concentrate on their best end-users.
The major players covered in this report
Lockheed Martin Corporation, NVIDIA Corporation, BAE Systems, Inc., Northrop Grumman Corporation, Raytheon Technologies Corporation, General Dynamics Corporation, Textron Inc., SparkCognition Government Systems, Arkray, Inc., and Leidos Inc.
Scope of the report
The Artificial Intelligence in Military market is further segmented in terms of applications, end-user, end-use, geographic presence, by-products as well as services. In addition, the subject matter experts evaluating the industry provide an all-inclusive category-specific industry outlook. A comprehensive collection of data on major companies occupying a strong foothold in the industry adds immense value to the overall research. The assessment of the wining strategies followed by these companies can help business owners not only strategize but also execute business operations by referring the statistics about competitor analysis. Careful assessment of the industry analysis across different regions along with vital information on the market size, share and growth rate makes this report a wonderful resource for business evangelists.
Emergen Research has segmented global AI for military market on the basis of offering, platform, application, technology, and region:
Offering Outlook (Revenue, USD Billion; 2018–2028)
Software
Artificial Intelligence Solutions
Cloud
On-premises
Artificial Intelligence Platforms
Hardware
Processor
Network
Memory
Services
Software Assistance
Upgradation & Maintenance
Deployment & Integration
Platform Outlook (Revenue, USD Billion; 2018–2028)
Land
Autonomous Combat Vehicles
Unmanned Ground Vehicle
Autonomous Combat Robots
Sea
Unmanned Maritime Vehicles
Anti-Missile Technology
Ship Navigation Systems
Air
Unmanned Aerial Vehicles
Aircraft Maintenance
Cognitive Electronic Warfare
Space
Satellite Data Processing
Intelligent Navigation Systems
AI Assistant Robots
Space Exploration
Application Outlook (Revenue, USD Billion; 2018–2028)
Reconnaissance and Intelligence gathering
Surveillance and Counterinsurgency
Information Processing
Cyber Security
Threat Analysis
Warfare Simulation
Technology Outlook (Revenue, USD Billion; 2018–2028)
Machine Learning
Deep Learning
Computer Vision
Smart Quantum Technology
Natural Language Processing
The research takes a closer look at prominent factors driving the growth rate of the prominent product categories across major geography. Furthermore, the study covers a lot of the sales, gross margin, consumption capacity, spending power and customer preference across various countries. The report offers clear indications how the Artificial Intelligence in Military market is expected to witness numerous exciting opportunities in the years to come. Critical aspects including the growing requirement, demand and supply status, customer preference, distribution channels and others are presented through resources such as charts, tables, and infographics.
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In this study, the years considered to estimate the market size of Artificial Intelligence in Military are as follows:
History Year: 2017-2019
Base Year of Estimation: 2020
Forecast Year 2021 to 2028
Some Key Highlights From the Report
Cyber security segment revenue is expected to expand at a significantly rapid CAGR during the forecast period. Development of new tools and technologies have led to an inclining rate of cybercrimes globally. Similarly, there has been a significant increase in state-sponsored cyberattacks and private and government agencies are gradually adopting AI-based tools that can be used to predict, prevent, and respond to cyber threats efficiently.
Deep learning segment is expected to registera significantly robust revenue growth rate over the forecast period. This growth can be attributed to increasing need for more advanced solutions for processing large volumes of big and development of AI algorithms for better decision-making. Also, development of intelligent systems to detect threats during real life combat situations would propel growth of this segment.
The market in North America is expected to account for largest revenue share over the forecast period due to robust presence of key market players, including Lockheed Martin Corporation, NVIDIA Corporation, and BAE Systems, Inc. among others in developed countries in the region.
Browse the comprehensive TOC and data tables @ https://www.emergenresearch.com/industry-report/artificial-intelligence-in-military-market
The research takes a closer look at prominent factors driving the growth rate of the prominent product categories across major geography. Furthermore, the study covers a lot of the sales, gross margin, consumption capacity, spending power and customer preference across various countries. The report offers clear indications how the Artificial Intelligence in Military market is expected to witness numerous exciting opportunities in the years to come. Critical aspects including the growing requirement, demand and supply status, customer preference, distribution channels and others are presented through resources such as charts, tables, and infographics.
Artificial Intelligence in Military Market segment by Region/Country including:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Spain etc.)
Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
South America Brazil, Argentina, Colombia and Chile etc.)
Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)
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