Artificial Intelligence in Military Market
Artificial Intelligence in the Military Market Size Valued at USD 14.39 Billion, market Grow at a CAGR Of 11.99% by 2020 -2030. 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.
The global artificial intelligence in the military market has been segmented based on offering, technology, platform, application, and region.
Based on technology, the global Artificial Intelligence in Military Market Overview has been classified as 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. This growth can be attributed to increasing initiatives by the governments in countries such as the US for developing AI-powered weapons that offer enhanced targeting capabilities to army personnel.
On the basis of offering, the market has been divided into hardware, software, and services. The software segment dominated the market in 2018 and is expected to register the highest CAGR during the forecast period. Software offers numerous capabilities such as battlefield healthcare data, language translation, and predictive maintenance.
On the basis of platform, the global artificial intelligence in the military market has been categorized as airborne, land, naval, and space. The land segment dominated the market in 2018. However, the airborne segment is expected to be the fastest growing during the forecast period. The increasing use of AI by the Air Force for training and simulation is boosting market growth.
Based on application, the global artificial intelligence in the military market has been divided into 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 is expected to be the largest and fastest growing during the forecast period. AI provides information processing capabilities to defense personnel enabling them to receive real-time data analysis that assists in effective planning.
Key Players
Artificial Intelligence In Military Market Players is 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), Soar Tech (US), SAIC (US), Spark Cognition (US), and Charles River Analytics Inc. (US).
the global Artificial Intelligence in Military Market Size has been segmented into North America, Europe, Asia-Pacific, and the Middle East. North America accounted for the largest market share in 2018. However, the market in Asia-Pacific is expected to register the highest CAGR during the forecast period. Factors such as increasing defense expenditure and the growing adoption of AI by navies to develop advanced submarines is boosting market growth. For example, in 2018, the Chinese navy developed autonomous robotic submarines. The submarines assist in accomplishing critical missions without human intervention by making use of AI technology.
Table Of Contents
1. Executive Summary
1.1. Market Attractiveness Analysis
1.1.1. Global Artificial Intelligence In The Military Market, By Offering
1.1.2. Global Artificial Intelligence In The Military Market, By Technology
1.1.3. Global Artificial Intelligence In The Military Market, By Platform
1.1.4. Global Artificial Intelligence In The Military Market, By Application
1.1.5. Global Artificial Intelligence In The Military Market, By Region
2. Market Introduction
2.1. Market Definition
2.2. Scope Of The Study
2.3. Market Structure
2.4. Key Buying Criteria
2.5. Market Factor Indicator Analysis
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List Of Assumptions
4. Market Insights
5. Market Dynamics
5.1. Introduction
5.2. Drivers
5.3. Restraints
5.4. Opportunities
5.5. Challenges
5.6. Market/Technological Trends
5.7. Patent Trends
5.8. Regulatory Landscape/Standards
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 2030
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