Artificial Intelligence in Military Market Forecast | Demand, Key participants, Region, Share, Scope Analysis

Posted on 16 August, 2023 by imona

Emergen research’s latest document, titled ‘Artificial Intelligence in Military market’ is one of the most sought-after market reports involving an in-depth analysis of the global Artificial Intelligence in Military market. The report’s authors have offered necessary details on the latest Artificial Intelligence in Military market trends and the crucial parameters impacting both short-term and long-term market growth.

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.

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Report Scope:

Forecast Period: 2021- 2028

CAGR: 13.4%

Base Year: 2020

Number of Pages: 250

The research report offers in-depth insights into company profiles along with their production values, production capacity, product portfolio, strategic plans such as mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, government and corporate deals, among others. The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry.

Leading Players Profiled in the 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.

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.
• 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.
• 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.

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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
  1. Artificial Intelligence Solutions
     1. Cloud
     2. On-premises
  2. Artificial Intelligence Platforms
• Hardware
  1. Processor
  2. Network
  3. Memory
• Services
  1. Software Assistance
  2. Upgradation & Maintenance
  3. Deployment & Integration

Platform Outlook (Revenue, USD Billion; 2018–2028)

• Land
  1. Autonomous Combat Vehicles
  2. Unmanned Ground Vehicle
  3. Autonomous Combat Robots
• Sea
  1. Unmanned Maritime Vehicles
  2. Anti-Missile Technology
  3. Ship Navigation Systems
• Air
  1. Unmanned Aerial Vehicles
  2. Aircraft Maintenance
  3. Cognitive Electronic Warfare
• Space
  1. Satellite Data Processing
  2. Intelligent Navigation Systems
  3. AI Assistant Robots
  4. 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

In conclusion, the report is designed to provide an in-depth analysis of all the key change calculation factors that replicate the decisions that trigger the change, which pushes the player’s winning position profitable on the growth curve despite massive competition in the target Artificial Intelligence in Military market.

Key Questions Answered in the Report:

What is the growth rate of the Artificial Intelligence in Military market? What is the anticipated market valuation of Artificial Intelligence in Military industry by 2028?

What are the key growth driving and restraining factors of the Artificial Intelligence in Military market?

Who are the prominent players operating in the market? What are the key strategies adopted by these companies?

What are the key opportunities and growth prospects of the Artificial Intelligence in Military industry over the forecast period?

Which region is expected to show significant growth in the coming years?

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