The Artificial Intelligence in Military Market is expected to grow from USD 10.20 billion in 2020 to USD 22.9 billion by 2026 at a CAGR of 14.2% from 2020 to 2026.
Artificial intelligence in military refers to the incorporation of the latest and advanced technology with the military equipment to improve its strength and efficiency. In developed country, military sector is the sector, which obtains highest investments. These investments are used research and developments of new technological advancements and for developing improved equipment to be used at the time of war. AI enabled military systems have the ability to handle large amount of data efficiently. In addition, these systems have improved self-control and self-regulation owing to its improved computing and decision-making abilities.
Escalating demand for improved military equipment is the significant factor boosting the growth of the global artificial intelligence (AI) in military market. Furthermore, the increasing investment in the defense sector has resulted in huge adoption of artificial intelligence in military. Coupled with this, there is an increase in technological developments associated to artificial intelligence. These factors have majorly impacted the global artificial intelligence (AI) in military market favorably, thus accelerating its growth. Due to the growing threats of war there is a surge in demand for autonomous military vehicles and UAV control systems. In addition, the artificial intelligence assists the soldiers in collecting the information and obtaining correlations based on it. These deep learning tools also assist in creating effective war strategies. These features have further contributed in the growth of global artificial intelligence (AI) in military market. On the other hand, some of the restraints which may limit the growth of the artificial intelligence (AI) in military market are dearth of trained personnel to handle the artificial intelligence integrated equipment and dearth of structured data may pose a constraint to the artificial intelligence in military market’s growth.
Furthermore, the implementation of quantum computing in artificial intelligence systems including quantum cryptanalysis, it is the implementation of quantum computing for decrypting of encoded messages which offers solutions to military forces. Quantum key distribution (QKD) assists in protecting the military communication from data leakage. These developments are projected to create new scope of potential opportunities for artificial intelligence in military market.
The global Artificial Intelligence in Military Market is segregated on the basis of Offering as Hardware, Software and Services. Based on Technology the global Artificial Intelligence in Military Market is segmented in Learning & Intelligence, Advanced Computing and AI Systems. Based on Application the global Artificial Intelligence in Military Market is segmented in Information Processing and Cyber Security. Based on Platform the global Artificial Intelligence in Military Market is segmented in Land, Naval, Airborne and Space.
The global Artificial Intelligence in Military Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Artificial Intelligence in Military Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
Lockheed Martin, Raytheon Company, Northrop Grumman, Thales Group and others are among the major players in the global Artificial Intelligence in Military Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global Artificial Intelligence in Military Market has been segmented as below:
Artificial Intelligence in Military Market, By Offering
Artificial Intelligence in Military Market, By Technology
Artificial Intelligence in Military Market, By Application
Artificial Intelligence in Military Market, By Platform
Artificial Intelligence in Military Market, By Region
Artificial Intelligence in Military Market, By Company
The report covers the below scope:
The years considered for the study are as follows:
Report Scope:
The global Artificial Intelligence in Military Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Artificial Intelligence in Military Market share. Major industry players with significant revenue share include Lockheed Martin, Raytheon Company, Northrop Grumman, Thales Group, IBM, Bae Systems and others.
Why to Buy this Report:
Target Audience:
Free and Paid Customization based on the requirement
1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. Artificial Intelligence in Military Market, By Offering
5.1. Key Points
5.2. Hardware
5.3. Software
5.4. Services
6. Artificial Intelligence in Military Market, By Technology
6.1. Key Points
6.2. Learning & Intelligence
6.3. Advanced Computing
6.4. AI Systems
7. Artificial Intelligence in Military Market, By Application
7.1. Key Points
7.2. Information Processing
7.3. Cyber Security
8. Artificial Intelligence in Military Market, By Platform
8.1. Key Points
8.2. Land
8.3. Naval
8.4. Airborne
8.5. Space
9. Competitive Landscape
9.1. Introduction
9.2. Start-up companies- Artificial Intelligence in Military Market
9.3. Recent Developments
9.3.1. Mergers & Acquisitions
9.3.2. New Product Developments
9.3.3. Portfolio/Production Capacity Expansions
9.3.4. Joint Ventures, Collaborations, Partnerships & Agreements
9.3.5. Others
10. Company Profile
10.1. Lockheed Martin
10.2. Raytheon Company
10.3. Northrop Grumman
10.4. Thales Group
10.5. IBM
10.6. Bae Systems
10.7. General Dynamics
10.8. Nvidia
10.9. Soartech
10.10.Sparkcognition
10.11. Charles River Analytics
10.12. Saic
10.13. Corporation
10.14. Boeing
10.15. Leidos
10.16. GovBrain
10.17. SuperFlex
10.18.ShieldAI
10.19. SRI International
10.20. PrecisionHawk
10.21. DARPA
10.22. Centaurus Technology
10.23. MRX Global Holding Corp.
Artificial Intelligence in Military Market, By Offering
Artificial Intelligence in Military Market, By Technology
Artificial Intelligence in Military Market, By Application
Artificial Intelligence in Military Market, By Platform
Artificial Intelligence in Military Market, By Company