Global Artificial Intelligence in the Military
Global Artificial Intelligence in the Military Market is Estimated to Reach $18.8 Billion by 2025
Global Artificial
Intelligence In Military Market report published by Accurize Market
Research forecast that the global market is expected to reach $18.8 billion by
2025; growing at a CAGR of 14.9% from 2017 to 2025. By geography, Asia-Pacific
is expected to grow at the fastest CAGR during the forecast period.
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Rising investment
towards the advancement of AI integrated systems fuels the market
Increment in the funds from
military research agencies and the significant rise in research and development
for the advent of advanced artificial intelligence systems are important factors
projected to drive the increased adoption of artificial intelligence systems in
the military sector. Advancement in computing power and the growing occurrence of
chipsets supporting artificial intelligence are the key drivers driving the
market growth in the upcoming years.
Market Segmentation
The platform, technology,
application, offering, and geography are the classification of global
artificial intelligence in the military market. The platform segment is
categorized into naval, airborne, land. On the basis of technology, a segment
is bifurcated into advanced computing AI systems, and learning &
intelligence. Application segment is categorized into warfare platform,
cybersecurity, logistics & transportation, target recognition, battlefield
healthcare, simulation & training, planning & allocation, threat
monitoring & situational awareness, information processing and other
applications. Software, hardware, and services are the segregation of the
platform segment.
Furthermore by geography,
global artificial intelligence in the military market is segmented into North
America, Europe, Asia-Pacific, and Rest of the World (RoW) North America is
further split between the U.S., Canada, and Mexico, whereas Europe segment
consists of the UK, Germany, Russia, France, Italy, and Rest of Europe.
Asia-Pacific is segmented into China, India, South Korea, Japan and Rest of
Asia-Pacific while RoW is bifurcated into South America, the Middle East, and
Africa.
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The land is to
witness the fastest CAGR in the platform segment
On the basis of the platform,
the land segment is expected to achieve the fastest CAGR throughout the
forecast period i.e. 2017 – 2025. The high growth in the segment is attributed
to the integration of artificial intelligence with land platforms by militaries
globally. The amalgamation of AI technology into unmanned land vehicles
facilitates in the successful execution of various land operations, such as
disabling (IEDs) Improvised Explosive Devices and other kinds of explosives
intended to cripple military patrols and convoys.
The software segment
is anticipated to gain the fastest CAGR between 2017 and 2025
The software segment of
artificial intelligence in the military market is anticipated to grow at the
highest CAGR during the forecast period. The growth of the software segment can
be attributed to the intendment of AI software in boosting the IT framework to
prevent incidents of the security breach. Moreover, the services segment is
estimated to lead the segment with major artificial intelligence in the military
market share.
The US is expected to
be the fastest-growing market during the forecast period
Geographically, U.S. is
likely to attain the fastest CAGR throughout the forecast period, driven by
factors such as involvement of the military in asymmetric warfare, need for
automated warfare systems, and certain programs carried out by the armed
forces, which, in turn, has enabled key defense manufacturers in the US to
develop techno-efficient AI systems for military usage.
Competitive Landscape
The key players profiled in
the report include IBM Corporation, Lockheed Martin Corporation, Raytheon The company, BAE Systems, Thales Group, Northrop Grumman Corporation, NVIDIA
Corporation, SoarTech, General Dynamics Corporation, and SparkCognition Inc.,
among others.
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