Artificial Intelligence (AI) in Military Market – Segments, Scope, Development Status, Size, Growth, Share, Trends, Opportunities Analysis by Forecast 2024

Artificial Intelligence (AI) in Military Market – Segments, Scope, Development Status, Size, Growth, Share, Trends, Opportunities Analysis by Forecast 2024

“Artificial Intelligence (AI) in Military Market”
Global Artificial Intelligence in the Military Market Research Report: Information by Offering (Hardware, Software, Services), Technology (Advanced Computing, AI Systems), Platform (Airborne, Land, Naval, Space), Application, & Region—Forecast till 2024

The global artificial intelligence in the military market is estimated to register a CAGR of nearly 14.35% during the forecast period of 2019 to 2024.

The growth of the global artificial intelligence in the military market can be attributed to the increasing application of big data analytics and development of chipsets supporting AI. However, a lack of structured data and the absence of protocols and standards for the use of AI in military applications may hinder market growth.

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The adoption of artificial intelligence (AI) is increasing in the military. Systems integrated with AI offer 3D printing technology, mission effectiveness and safety assessment (MENSA), and behavioral learning for adaptive electronic warfare (BLADE). These capabilities enable users to detect and identify cybersecurity threats. They also enhance drone navigation and assist in contingency planning.

The AI arms race between the US and China is propelling market growth. Furthermore, the increased adoption of cloud services by militaries is boosting market growth. For example, in 2017, the US Army signed a contract worth USD 62 million with IBM for a private cloud center.

Segmentation:

Based on technology, the market has been divided into advanced computing, AI systems, and learning and intelligence. The learning and intelligence segment dominated the market in 2018. However, the AI systems segment is expected to exhibit the highest CAGR during the forecast period. Increasing investments by governments in the US, China, and India in developing advanced AI systems for military applications is boosting the growth of the segment.

By platform, the market has been classified as airborne, land, naval, and space. The land segment dominated the market in 2018. However, the airborne segment is expected to register the highest CAGR during the forecast period due to increasing investments in developing drones that utilize AI. For example, in March 2019, the US Air Force unveiled Skyborg, a combat drone that uses AI.
Based on application, the market has been categorized as logistics and transportation, target recognition, warfare platform, cybersecurity, battlefield healthcare, simulation and training, threat monitoring and situational awareness, information processing, and others. The information processing segment dominated the market in 2018 and is expected to be the fastest growing during the forecast period. AI enables military personnel to process large amounts of data in an efficient manner.

Key Players:

The key players in the global artificial intelligence in the military market are Lockheed Martin Corporation (US), IBM (US), Raytheon Company (US), Northrop Grumman Corporation (US), Thales Group (France), BAE Systems (UK), General Dynamics Corporation (US), NVIDIA Corporation (US), Harris Corporation (US), Boeing (US), Leidos (US), SoarTech (US), SAIC (US), SparkCognition (US), and Charles River Analytics Inc. (US).

Research Methodology:

The market values and forecast are derived using the MRFR research methodology, which includes secondary research, primary interviews, data triangulation, and validation from an in-house data repository and statistical modeling tools. 

Regional Analysis:

By region, the market has been segmented into North America, Europe, Asia-Pacific, and the Middle East. North America dominated the market in 2018. However, the market in Asia-Pacific is expected to exhibit the highest CAGR during the forecast period. Military modernization activities in China and India are boosting market growth in Asia-Pacific.

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