Artificial Intelligence (AI) in military Market Size & Revenue Analysis | Lockheed Martin, Raytheon, Northrop Grumman
Increasing hostility across various countries and increasing government expenditure on R&D for military purposes are key factors driving market revenue growth
VANCOUVER, BC, CANADA, May 10, 2022 /EINPresswire.com/ -- The global Artificial Intelligence (AI) in 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. Currently, rising geopolitical tensions among countries and increasing Chinese actions are propelling various countries to modernize military technology using AI. Integrating AI will enable countries to conduct better surveillance in order to detect and prevent threats. Similarly, AI technology can be used to process a large amount of data and facilitate better decision-making during times of conflict. These are some major factors driving growth of the global AI for military market revenue.
However, bad quality data problems can result is errors in decision-making during critical situations. Additionally, lack of regulations governing the usage of AI technology is expected to hamper market revenue growth during the forecast period.
The report provides a thorough estimation of the overall impact of the pandemic on the Artificial Intelligence in Military market and its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Artificial Intelligence in Military market.
๐๐ฅ๐๐ข๐ฆ ๐๐จ๐ฎ๐ซ ๐ ๐๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐ฐ๐ข๐ญ๐ก ๐๐๐๐ฅ๐ ๐จ๐ ๐๐จ๐ง๐ญ๐๐ง๐ญ @ https://www.emergenresearch.com/request-sample/834
๐๐จ๐ฆ๐ ๐๐๐ฒ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐
๐ซ๐จ๐ฆ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ
โข 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. Similarly, there has been a significant increase in state-sponsored cyberattacks and private and government agencies are gradually adopting AI-based tools that can be used to predict, prevent, and respond to cyber threats efficiently.
โข 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. Also, development of intelligent systems to detect threats during real life combat situations would propel growth of this segment.
โข 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.
๐๐จ ๐ ๐๐ญ ๐ฅ๐๐๐๐ข๐ง๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฌ๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ, ๐ฏ๐ข๐ฌ๐ข๐ญ ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐๐๐ฅ๐จ๐ฐ:
https://www.emergenresearch.com/industry-report/artificial-intelligence-in-military-market
๐๐ซ๐ญ๐ข๐๐ข๐๐ข๐๐ฅ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ ๐ข๐ง ๐๐ข๐ฅ๐ข๐ญ๐๐ซ๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
Emergen Research has segmented global AI for military market on the basis of offering, platform, application, technology, and region:
โข Offering Outlook (Revenue, USD Billion; 2018โ2028)
o Software
1. Artificial Intelligence Solutions
1. Cloud
2. On-premises
2. Artificial Intelligence Platforms
o Hardware
1. Processor
2. Network
3. Memory
o Services
1. Software Assistance
2. Upgradation & Maintenance
3. Deployment & Integration
โข Platform Outlook (Revenue, USD Billion; 2018โ2028)
o Land
1. Autonomous Combat Vehicles
2. Unmanned Ground Vehicle
3. Autonomous Combat Robots
o Sea
1. Unmanned Maritime Vehicles
2. Anti-Missile Technology
3. Ship Navigation Systems
o Air
1. Unmanned Aerial Vehicles
2. Aircraft Maintenance
3. Cognitive Electronic Warfare
o Space
1. Satellite Data Processing
2. Intelligent Navigation Systems
3. AI Assistant Robots
4. Space Exploration
โข Application Outlook (Revenue, USD Billion; 2018โ2028)
o Reconnaissance and Intelligence gathering
o Surveillance and Counterinsurgency
o Information Processing
o Cyber Security
o Threat Analysis
o Warfare Simulation
โข Technology Outlook (Revenue, USD Billion; 2018โ2028)
o Machine Learning
o Deep Learning
o Computer Vision
o Smart Quantum Technology
o Natural Language Processing
Regional Outlook (Revenue, USD Billion; 2018โ2028)
โข North America
1. U.S.
2. Canada
3. Mexico
โข Europe
1. Germany
2. France
3. U.K.
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
โข Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
โข Latin America
1. Brazil
2. Rest of LATAM
โข Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of MEA
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ @ https://www.emergenresearch.com/request-discount/834
The report also studies the key companies of the Artificial Intelligence in Military market along with analysis of their business strategies, M&A activities, investment plans, product portfolio, financial standing, gross profit margin, and production and manufacturing capacities.
Some Key players analyzed in the report are:
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.
๐๐ฅ๐ข๐๐ค ๐ญ๐จ ๐๐๐๐๐ฌ๐ฌ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ๐ฎ๐๐ฒ, ๐๐๐๐ ๐ค๐๐ฒ ๐ก๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ง๐ ๐๐จ๐จ๐ค ๐๐ญ ๐๐ซ๐จ๐ฃ๐๐๐ญ๐๐ ๐๐ซ๐๐ง๐๐ฌ:
https://www.emergenresearch.com/industry-report/artificial-intelligence-in-military-market
๐๐๐ฒ ๐๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐๐ฒ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Artificial Intelligence in Military market?
What are the key product types and applications of the Artificial Intelligence in Military industry?
What is the outcome of SWOT analysis and Porterโs Five Forces analysis?
How is the competitive landscape of the Artificial Intelligence in Military market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Artificial Intelligence in Military Market by 2028?
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ @ https://www.emergenresearch.com/request-for-customization/834
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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WATCH NOW: 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% at https://www.youtube.com/watch?v=1eJBfHB7cns
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