The artificial intelligence in military market is projected to grow at a CAGR 13.78% rate during the forecast period. Artificial Intelligence (AI) is becoming a critical part of modern warfare. It is able to handle massive amounts of military data in a more efficient manner as compared to conventional systems. It improves the self-control, self-regulation, and self-actuation abilities of combat systems, using inherent computing and decision-making capabilities. The market report primarily focuses on various military applications wherein AI is being deployed. Increase in funding from military research agencies and rise in R&D activities to develop advanced AI systems are key factors projected to drive the increased adoption of AI systems in the military sector.
The software segment of the market is projected to grow at the highest CAGR during the forecast period. The growth of the software segment can be attributed to the significance of AI software in strengthening the IT framework to prevent incidents of security breach.
On the basis of application, the market has been classified into information processing, warfare platform, threat monitoring & situational awareness, planning & allocation, cyber security, simulation & training, logistics & transportation, target recognition, battlefield healthcare, and others (NBC scenario monitoring and fire monitoring).
The learning & intelligence segment is expected to lead the market. Governments of various countries, such as the US, India, China, Russia, and Germany, are increasingly investing in the field of artificial intelligence to develop highly-advanced AI systems for military applications.
The US is estimated to account for the largest share of the artificial intelligence in military market. The market in China is projected to grow at the highest CAGR during the forecast period. The growth of the market in China can be attributed due to rapid advances made in the field of artificial intelligence to modernize the country €™s armed forces. China recently revealed one such technological advance with a futuristic €˜eye in the sky €™ warplane that can detect stealth vehicles.
Key market players include Lockheed Martin (US), Raytheon (US), IBM (US), BAE Systems (UK), Thales Group (France), NVIDIA (US), Leidos (US), SAIC (US), Northrop Grumman (US), SparkCognition (US), Harris Corporation (US), General Dynamics (US), and Charles River Analytics (US).
2. Research Methodology
Limitation and Assumptions
3. Executive Overview
4. Market Overview
5. Artificial Intelligence in Military Market, By Application
Simulation & Training
Logistics & Transportation
Threat Monitoring & Situational Awareness
6. Artificial Intelligence in Military Market, By Technology
Learning and intelligence
7. Artificial Intelligence in Military Market, By Platform
8. Artificial Intelligence in Military Market, By Offering
9. Artificial Intelligence in Military Market, By Region
Rest of Europe
Rest of APAC
Rest of Middle East
Rest of the World
10. Company Profiles