Evolve Business Intelligence has published a research report on the Global Artificial Intelligence in Military Market, 2021–2034. The global Artificial Intelligence in Military Market is projected to exhibit a CAGR of around 8.41% during the forecast period of 2021 to 2034.
Evolve Business Intelligence has recognized the following companies as the key players in the global Artificial Intelligence in Military Market: Northrop Grumman Corporation, Raytheon Technologies Corporation, Lockheed Martin Corporation, Thales Group, L3Harris Technologies, Rafael Advanced Defense Systems, IBM, BAE Systems, The Boeing Company and Honeywell International.
Market Highlights
The Global Artificial Intelligence in Military Market is projected to be valued at USD 41.20 Billion by 2034, recording a CAGR of around 8.41% during the forecast period. The Artificial Intelligence (AI) in the Military Market refers to the application of AI technologies to various aspects of defense and military operations. This market encompasses a range of solutions and systems designed to enhance military capabilities through advanced data analysis, automation, and machine learning.
The AI in the Military Market is driven by the need for advanced technologies to maintain a strategic edge, improve operational efficiency, and enhance overall mission success.
Segmental Analysis
The global Artificial Intelligence in Military Market has been segmented based on Technology, Platform and Application
Based on Technology, the Artificial Intelligence in Military Market is segmented into Machine Learning, Natural Language Processing, Computer Vision and Others. The Machine Learning segment is anticipated to dominate the market.
Based on Platform, the global Artificial Intelligence in Military Market has been divided into Land, Naval, Airborne and Space. The Space segment is anticipated to dominate the market.
Based on Application, the global Artificial Intelligence in Military Market has been divided into Warfare Platform, Cyber Security, Logistics & Transportation and Others. The Cyber Security segment is anticipated to dominate the market.
More Information: https://evolvebi.com/report/artificial-intelligence-in-military-market-analysis/
Regional Analysis
The Artificial Intelligence in Military Market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, & Africa. The U.S. is a major player in the AI military market, driven by substantial defense budgets and investments in cutting-edge technologies. The Pentagon’s initiatives, such as the Joint Artificial Intelligence Center (JAIC), focus on integrating AI across various defense applications, including autonomous systems, cybersecurity, and intelligence. In Europe region, the UK is advancing AI in defense through initiatives like the Defense Science and Technology Laboratory (DSTL) and partnerships with technology firms. The focus is on autonomous systems, cybersecurity, and advanced data analytics and Germany is investing in AI for defense, emphasizing cybersecurity, surveillance, and the development of autonomous systems as part of its modernization efforts. In Asia-Pacific region, China is heavily investing in AI for military applications as part of its strategy to modernize its armed forces. Key areas include autonomous systems, advanced analytics, and military robotics and India is increasing its focus on AI in defense, with initiatives aimed at improving surveillance, reconnaissance, and cybersecurity. The Indian government is also fostering collaborations with technology firms to boost its AI capabilities. The Middle East and North Africa are emerging as a market for military AI. AI is used to enhance border security and counter terrorism and these regions face increasing cyber threats, leading to a focus on AI-based cybersecurity. While there is growing interest in AI in Latin America, investment in military AI applications remains relatively limited. AI is used to address border security challenges.