In 2023 and 2033, respectively, it is projected that the market for artificial intelligence in military would be worth $8.35 billion and $27.84 billion USD. The global market was initially expanding at a CAGR of 12.8% from 2023 to 2033.
With the advancement of artificial intelligence for predictive maintenance in cutting-edge military equipment, the industry is predicted to experience tremendous growth opportunities. Because of the increased risk of cyberattacks and the growing use of AI in a range of applications, it is anticipated that the use of AI in cybersecurity will increase.
Without incorporating quantum physics into AI, the potential for the future is unfathomable. In the fields of training and simulation, systems and software engineering concepts are integrated to produce models that can assist soldiers in training on various fighting systems used in military operations.
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Modern AI solutions are being studied by many businesses in the aviation sector. In the Asia Pacific area, industries that build aircraft and their components have benefited continuously from artificial intelligence (AI) technologies. The European government made significant investments in the development of information management technology to enhance decision-making during actual warfare.
Key Takeaways
- In 2022, the United States was expanding at a share of 35.3% in the artificial intelligence in military market.
- The artificial intelligence in the military market was significantly expanding, with a size of US$ 7.4 billion in 2022.
- The market in the United States is anticipated to expand at a CAGR of 19.4% by 2033 as a result of ongoing innovation by existing players.
- Due to the market’s enormous potential and a strong emphasis on cloud solutions, analysts expect it is likely to rise 1.12 times between 2022 and 2023.
- The market in India is anticipated to expand at an adequate CAGR of 67.2% by 2033.
- The market in the United Kingdom is anticipated to expand at a CAGR of 23.8% by 2033.
- Based on software, the software dominated the market with a share of 43.1% in 2022 and continues to lead the market during the forecast period.
- Based on application, information processing dominated the market with a share of 14.9% in 2022 and continues to lead the market during the forecast period.
- Based on technology, the machine learning segment dominated the market with a share of 26% in 2022 and continues to lead the market during the forecast period.
Critical Approaches Increasing Top Players’ Wealth
International Business Machines Corporation, L3Harris Technologies Inc., BAE Systems Plc., Rafael Advanced Defense Systems, and SparkCognition are important players in the market.
The market is characterized by strong competition, with a few big global competitors owning a significant market share. Due to the evolving needs of the world’s armed forces, the development of new products and cooperation among the key players are the main areas of focus.
Recent Developments
- Inzpire, a company that offers defense-managed services, merged with BAE Systems plc in November 2021, a multinational armaments, security, and aerospace company with headquarters in London.
- Five elite autonomous replacement aircraft that can assist the aircraft’s brain in comprehending, analyzing, and correlating various stages during missions carried out by this business were tested by Boeing (United States) in December 2020.
- In January 2021, the United States Air Force awarded Boeing a contract to improve automatic communication recognition and cognitive agent teaching capabilities in order to support the AWACS (Air Force Warning and Control System) mission.
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Key Segments
By Offering
- Hardware
- Software
- Services
By Application
- Warfare Platform
- Cyber Security
- Logistics & Transportation
- Surveillance & Situational Awareness
- Command & Control
- Battlefield Healthcare
- Simulation & Training
- Information Processing
- Threat Detection
- Others
By Technology
- Machine Learning
- Natural Language Processing
- Deep Learning
- Computer Vision
- Context-Aware Computing
- Intelligent Virtual Agent (Iva) /Virtual Agents
- Others
By Platform
- Land
- Naval
- Airborne
- Space
By Installation
- New Procurement
- Upgradation
By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- The Middle East and Africa (MEA)
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