NEW CASTLE, Delaware, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, "AI in Modern Warfare Market by Type (Weaponized Artificial Intelligence, Defensive Artificial Intelligence, Offensive Artificial Intelligence, Assisting Artificial Intelligence and Autonomous Artificial Intelligence), Type of Equipment (Unnamed Aerial Vehicle, Unmanned Ground Vehicle, Combat Systems, Recovery & Maintenance Vehicle, Reconnaissance & Surveillance Vehicle and Medical Evacuation Vehicle), and Application (Tactical Defensive and Military Offensive): Global Opportunity Analysis and Industry Forecast, 2024-2032". According to the report, the ai in modern warfare market was valued at $10.4 billion in 2023, and is estimated to reach $109.8 billion by 2032, growing at a CAGR of 29.7% from 2024 to 2032.
Prime determinants of growth
The global AI in modern warfare market is experiencing growth due to increased defense budgets, technological advancements, and growth in weapons of mass destruction. However, high development and implementation costs hinder the market growth to some extent.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2024–2032 |
| Base Year | 2023 |
| Market Size in 2023 | $10.4 Billion |
| Market Size in 2032 | $109.8 Billion |
| CAGR | 29.7% |
| No. of Pages in Report | 200 |
| Segments Covered | Type, Type of Equipment, Application and Region. |
| Drivers | Increased Defense Budgets |
| Technological Advancements | |
| Growth in Weapons of Mass Destruction | |
| Opportunities | Explainable AI In Military Applications |
| Surge in Demand for Autonomous Systems and Robotics | |
| Restraint | High Development and Implementation Costs |
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Segment Highlights
The autonomous artificial intelligence segment is expected to exhibit fastest growth during the forecast period
By type, the autonomous artificial intelligence segment is projected to remain the fastest growing segment throughout the forecast period, owing to advancements in machine learning, sensor technology, and the strategic advantage of unmanned systems in enhancing operational efficiency, precision, and situational awareness on the battlefield.
The unmanned ground vehicle segment is expected to exhibit fastest growth during the forecast period
By type of equipment, the unmanned ground vehicle segment is projected to remain the fastest growing segment throughout the forecast period, owing to advancements in autonomous systems, increased adoption in military operations, and the need for enhanced situational awareness and precision in ground-based missions, thereby driving the segment growth.
The tactical defensive segment is expected to exhibit fastest growth during the forecast period
By application, the tactical defensive segment is projected to remain the fastest growing segment throughout the forecast period, owing to escalating cyber threats and the critical need for advanced AI-driven cybersecurity solutions.
North America led the market share in 2023
North America led the market share in 2023, owing to its significant investments in defense technology, robust R&D infrastructure, and strategic alliances with leading AI developers which enable North American countries to maintain a competitive edge in AI-driven modern warfare capabilities.
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Major Industry Players: -
- Microsoft Corporation
- Raytheon Technologies Corporation
- Boeing Co.
- Lockheed Martin Corporation
- IBM Corporation
- General Dynamics Corporation
- Northrop Grumman Corporation
- BAE Systems plc
- Thales Group
- L3Harris Technologies Inc.
- Leonardo S.p.A
- Textron Inc.
- Booz Allen Hamilton Holding Corporation
The report provides a detailed analysis of these key players in the global AI in modern warfare market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, acquisition and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Recent Development:
In December 2022, Drone Express partnered with Microsoft to launch a new version of their DE-2020 drone using Artificial Intelligence (AI) for in-flight navigation systems. This collaboration will equip delivery drones with Microsoft Azure to host the AI solutions and use Azure Machine Learning to train machine learning models.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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