New York, NY, April 11, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Artificial Intelligence in Military Market by Application (Warfare Platform, Cyber Security, Logistics & Transportation, Target Recognition, Battlefield Healthcare, Simulation & Training, Threat Monitoring & Situational Awareness, Information Processing, and Others), by Platform (Land, Naval, Airborne, and Space), by Offering (Hardware, Software, and Services), and by Technology (Learning & Intelligence, Advanced Computing, and AI Systems): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026”. According to the report, the global artificial intelligence in military market was valued at approximately USD 4,800 million in 2018 and is expected to generate around USD 16,300 million by 2026, at a CAGR of around 14.5% between 2019 and 2026.
Artificial intelligence in military involves the use of a computer-controlled robot for different military or defense activities, such as; unmanned ground vehicles, unmanned maritime vehicles, fighter aircraft, and helicopter, unmanned aerial vehicles, etc. The increasing demand for developing military equipment in collaboration with artificial intelligence to enhance the security on borders, growing development of chipsets underneath artificial intelligence, and rising acceptance of cloud services by military are contributing toward the artificial intelligence in military market globally.
Browse through 15 Tables & 33 Figures spread over 140 Pages and in-depth TOC on “Global Artificial Intelligence in Military Market 2018: By Type, Size, Industry Share, Trends, Segments, Analysis and Forecast 2026”.
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Based on application, the artificial intelligence in military market includes cyber security, warfare platform, logistics and transportation, battlefield healthcare, target recognition, simulation and training, information processing, threat monitoring, and situational awareness, and others. The warfare platform segment accounted for the major share, around 25%, in 2018, due to the high adaption and adoption of C4ISR capabilities, i.e., command, control, communications, computers, intelligence, surveillance, and reconnaissance. Moreover, the modernization of electronic warfare inventory in Russia is expected to further boost this segment over the forecast time period. The cybersecurity segment is expected to register the highest CAGR in the future, owing to the increasing number of cyber threats and the development of advanced technologies.
Based on platform, the global market includes land (military fighting vehicles, unmanned ground vehicles, air defense systems, command and control systems, and others), naval (naval ships, submarines, unmanned maritime vehicles, and others), airborne (fighter aircraft and helicopter, transport and cargo aircraft, unmanned aerial vehicles, and others), and space (space launch vehicles, satellites, and others). In 2018, the naval segment accounted for the largest share in the global market and is expected to show the highest CAGR in the upcoming years.
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Based on the offering, the global artificial intelligence in military market includes hardware (processor, memory, and network), software (AI solutions and AI platforms), and services (deployment and integration, upgrade and maintenance, software support, and others). The software segment held the largest share, i.e., more than 50%, of the global artificial intelligence in military market in 2018, owing to the high adoption of technically advanced software for military purpose. The services segment is expected to register high growth in the future, due to the increasing demand for deployment and integration, upgrade and maintenance, and software support services.
By technology, the global artificial intelligence in military market includes learning and intelligence, advanced computing, and AI systems. The learning and intelligence segment includes modeling and simulation, data mining, natural language processing, deep learning, and machine learning. The advanced computing segment includes quantum computing, neuromorphic engineering, and supercomputing. The AI system segment includes computer vision, virtual reality, and virtual agents. The learning and intelligence segment held the largest share in 2018 in the global market, due to the increasing focus to develop new learning and intelligence AI-based programs.
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The increasing demand for developing military equipment in collaboration with artificial intelligence to enhance the security on borders, growing development of chipsets underneath artificial intelligence, improving computing power, and rising acceptance of cloud services by military are the key factors contributing toward the high growth of the artificial intelligence in military market globally. However, the lack of protocols and standards for the use of AI in military applications and protectionist policies limiting the access to military platforms may affect the growth of the artificial intelligence in military market globally in the future. The enhancing operational effectiveness of autonomous systems and rising adoption of artificial intelligence to develop logistics, planning, and transportation in military are generating new opportunities for artificial intelligence in military market.
NATO accounted for the largest revenue share of the global artificial intelligence in military market in 2018. The increasing military expenditure in NATO is expected to boost the market significantly over the forecast time period. The rising awareness about AI in military in NATO countries and growing affordability are other factors contributing to the NATO market. The U.S. contributes a major share in defense expenditure among the NATO countries. UK and France held second and third contribution shares, respectively. Increasing defense expenditure and rising focus on adopting new technologies like AI will prominently boost the market growth in NATO over the estimated time period.
Browse the full “Artificial Intelligence in Military Market by Application (Warfare Platform, Cyber Security, Logistics & Transportation, Target Recognition, Battlefield Healthcare, Simulation & Training, Threat Monitoring & Situational Awareness, Information Processing, and Others), by Platform (Land, Naval, Airborne, and Space), by Offering (Hardware, Software, and Services), and by Technology (Learning & Intelligence, Advanced Computing, and AI Systems): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026” Report at https://www.zionmarketresearch.com/report/artificial-intelligence-in-military-market
Russia is anticipated to register a higher growth rate over the forecast time period. The country spends more than 5% of its GDP on military developments. The growing number of research and development activities and funding in Russia for the development of technically advanced weapons is the key factor contributing toward the Russian artificial intelligence in military market.
Some key players of the global artificial intelligence in military market are SparkCognition Inc., Charles River Analytics, Inc., Leidos, Boeing, SAIC, Thales Group, IBM, General Dynamics, NVIDIA Corporation, BAE Systems, Harris Corporation, Lockheed Martin Corporation, Raytheon Company, and Northrop Grumman Corporation.
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This report segments the global artificial intelligence in military market as follows:
Global Artificial Intelligence in Military Market: Application Analysis
- Warfare Platform
- Cyber Security
- Logistics and Transportation
- Target Recognition
- Battlefield Healthcare
- Simulation and Training
- Threat Monitoring and Situational Awareness
- Information Processing
- Others
Global Artificial Intelligence in Military Market: Platform Analysis
- Land
- Military Fighting Vehicles (MFVs)
- Unmanned Ground Vehicles (UGVs)
- Air Defense Systems
- Command and Control Systems
- Others
- Naval
- Naval Ships
- Submarines
- Unmanned Maritime Vehicles (UMVs)
- Others
- Airborne
- Fighter Aircraft and Helicopter
- Transport and Cargo Aircraft
- Unmanned Aerial Vehicles (UAVs)
- Others
- Space
- Space Launch Vehicles
- Satellites
- Others
Global Artificial Intelligence in Military Market: Offering Analysis
- Hardware
- Processor
- Memory
- Network
- Software
- AI Solutions
- AI Platforms
- Services
- Deployment and Integration
- Upgrade and Maintenance
- Software Support
- Others
Global Artificial Intelligence in Military Market: Technology Analysis
- Learning and Intelligence
- Modeling and Simulation
- Data Mining
- Natural Language Processing
- Deep Learning
- Machine Learning
- Advanced Computing
- Quantum Computing
- Neuromorphic Engineering
- Supercomputing
- AI Systems
- Computer Vision
- Virtual Reality
- Virtual Agents
Global Artificial Intelligence in Military Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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