New York, US, Jan. 25, 2023 (GLOBE NEWSWIRE) -- Artificial Intelligence In The Military Market Overview
According to a Comprehensive Research Report by Market Research Future (MRFR) 's report highlights Artificial Intelligence in the Military Market Information By Offering, Technology, Platform, And Region - Forecast till 2030"; the market will reach USD 14.39 Billion by 2030, an 11.99% CAGR.
Market Synopsis
A.I. in the military market can be attributed to the growing use of big data analysis and the advancement of A.I.-supporting chipsets. A lack of organized data, standards and conventions for employing artificial intelligence in military applications may limit industry growth. Artificial intelligence (A.I.) in the military refers to the fusion of cutting-edge and developing technology with military hardware to boost its power and effectiveness. The military sector is the one that receives the most investment in developed nations. These investments go toward the research and development of cutting-edge technologies and the creation of weapons of war.
Military systems with A.I. capabilities can effectively handle massive amounts of data. These systems' greater processing and decision-making capabilities have also boosted self-control and self-regulation. Autonomous weapon systems use computer vision technology to recognize and track objects. The expansion of Big Data is the primary driver of market growth, and A.I. aids in detecting and processing data that aid in timely decision-making.
| Report Attribute | Details |
| 2030 Market Size | 4.1 Billion |
| CAGR | 11.99% (2020-2030 ) |
| Base Year | 2020 |
| Forecast Period | 2020-2030 |
| Historical Data | 2019 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Offering, Technology, Platform, And Region |
| Geographies Covered | North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America |
| Key Market Drivers |
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Market Competitive Landscape:
The critical contenders in the artificial intelligence in the military market are:
- BAE Systems Plc. (U.K.),
- Northrop Grumman Corporation (U.S.),
- L3Harris Technologies, Inc. (U.S.),
- IBM (U.S.),
- Raytheon Technologies Corporation (U.S.),
- Lockheed Martin Corporation (U.S.),
- Thales Group (U.S.),
- Rafael Advanced Defense Systems (Israel),
Market U.S.P. Covered:
Market Drivers:
The primary driver of the rise of artificial intelligence in the military business is the increasing demand for cutting-edge military hardware. Increased government expenditure in the defense industry has facilitated a broader acceptability of artificial intelligence in the military. Additionally, the growing use of A.I. for predictive maintenance in military systems and integrating quantum computing into A.I. is responsible for creating the attractive potential for developing artificial intelligence in the military sector. The defense services have improved as international conflicts have increased. Due to these battles, the employment of sophisticated AI-enabled weapon systems has increased, and new technologies have been integrated into existing systems to increase efficiency.
Every nation's government invests considerable money in enhancing its military system. Artificial intelligence is being integrated into robotic surgical equipment, which raises the demand for military A.I. By effectively identifying enemy weaknesses and assisting soldiers in the field in resolving issues of human nature, this A.I. supports the military and expands the global economy.
Market Restraints:
Concerns are being expressed, stating that human supervision over robots is essential to ensure management and humanitarian protection as more and more governments adopt AI-controlled systems for automation and observation. However, a scarcity of trained personnel to operate equipment with artificial intelligence incorporated slows down market expansion. Advancements in advanced applications that can perceive, learn, decide, and demonstrate voluntarily result from A.I. and machine learning research. Examine how the applications arrive at a particular conclusion to utilize their capabilities fully. An A.I. framework should justify its decisions and actions.
COVID 19 Analysis
The COVID-19 epidemic has impacted economies worldwide and caused numerous problems, yet artificial intelligence in the military sector has continued to grow. This is evident from both the supply and demand sides, as manufacturers continue to invest heavily in developing A.I. capabilities, and governments continue to invest significantly in acquiring these frameworks. Governments' awareness of the potential of further enhanced capabilities that these A.I. systems provide in terms of defensive armament as the global A.I. arms race heats up might be attributed to this. Even if artificial intelligence for the military was successful in the market, a lack of raw resources from the suppliers due to a supply chain breakdown caused a halt in total output.
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However, the market is anticipated to do well once the government relaxes the tight limitation. However, despite the extension of artificial intelligence (A.I.) technology, the overall design of the A.I. system was damaged. This resulted from a shortage of raw materials brought on by disruptions in the production network. The extent of COVID-19 exposures a nation faces, the level during which manufacturers are operating, and export-import regulations, among other factors, affect continuing, assembling, and requests.
Market Segmentation
By technology, the market includes Advanced Computing and A.I. Systems. By Application, the market includes Warfare Platforms, Simulation and Training, Information Processing, Threat Monitoring Situational Awareness, and Cyber Security. By Platform, the market includes Land, Naval, Airborne, and Space. By Offerings, the market includes Hardware, Software, and Services.
Regional Insights
Most nations in North America are developed, including the United States and Canada. The United States boasts the world's most potent military. To preserve its military superiority and reduce the risk of possible attacks on computer systems, the United States government is investing more money in artificial intelligence systems. The U.S. government plans to increase its expenditure on A.I. in military
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systems to have a competitive advantage over other nations. Furthermore, North America is acknowledged as the global center for major AI system producers, exporters, and consumers, and it is regarded to have the best A.I. capabilities that are boosting the market. As the government has started to modernize the defense sector, artificial intelligence in the military market in the Asia-Pacific region is expected to ascertain in terms of CAGR in the global market, be required to increase enhancement, and be adopted widely in enlarged nations like China and India.
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