Artificial Intelligence in Military Market Emerging Growth, Recent Trends, Analysis, Outlook and Forecasts Report 2028
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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, September 15, 2022 /EINPresswire.com/ -- 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% 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.
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Competitive Landscape and Artificial Intelligence in Military Market Share Analysis
The report elaborates on various national and international business development prospects and explains the competitive landscape of the global Artificial Intelligence in Military market. The market size estimation and forecasts have been detailed in this report. The authors have studied the historical background of the Artificial Intelligence in Military market, keeping in mind the organic and inorganic growth prospects and threats for the market. Thus, the latest report offers precise estimates of the global market size for the forecast period.
The major companies Covered in the report are:
Lockheed Martin Corporation, NVIDIA Corporation., BAE Systems, Inc., Northrop Grumman Corporation., Raytheon Technologies, General Dynamics Corporation, Textron Inc., SparkCognition Government Systems, Arkray, Inc., and Leidos Inc
Highlights of Global Artificial Intelligence in Military Market Report
Examines the Artificial Intelligence in Military industry prospects and quickly compares historical, current, and projected market figures.
This report examines growth constraints, market drivers and challenges, and current and prospective development prospects.
Key market participants are evaluated based on various factors, including revenue share, price, regional growth, and product portfolio, to demonstrate how market shares have changed in the past and are expected to change in the future.
Describes the expansion of the global high purity isobutylene market across various industries and geographies. This allows players to concentrate their efforts on regional markets with the potential for rapid growth shortly.
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Segments Covered in this report are:
Offering Outlook (Revenue, USD Billion; 2018–2028)
Software
Artificial Intelligence Solutions
Artificial Intelligence Platforms
Hardware
Processor
Network
Memory
Services
Software Assistance
Upgradation & Maintenance
Deployment & Integration
Platform Outlook (Revenue, USD Billion; 2018–2028)
Land
Autonomous Combat Vehicles
Unmanned Ground Vehicle
Autonomous Combat Robots
Sea
Unmanned Maritime Vehicles
Anti-Missile Technology
Ship Navigation Systems
Air
Unmanned Aerial Vehicles
Aircraft Maintenance
Cognitive Electronic Warfare
Space
Satellite Data Processing
Intelligent Navigation Systems
AI Assistant Robots
Space Exploration
Application Outlook (Revenue, USD Billion; 2018–2028)
Reconnaissance and Intelligence Gathering
Surveillance and Counterinsurgency
Information Processing
Cyber Security
Threat Analysis
Warfare Simulation
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Geographical Scenario:
The global Artificial Intelligence in Military market has been categorized into several important geographical regions. In this section, authors of the report have studied the presence of the global Artificial Intelligence in Military market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Reasons for Doing This Study
This study provides critical information on the global market’s current size and projected growth for Artificial Intelligence in Military and its related industries. It also discusses geography’s market characteristics, significant suppliers, consumer preference trends, and market prospects. As many countries are in a recession, firms are attempting to weather the storm by limiting unanticipated losses and spending related to the Artificial Intelligence in Military market.
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Artificial Intelligence in Military Market Size Worth USD 17.63 Billion in 2028
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