Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 9.82 Billion | USD 27.89 Billion | 12.3% | 2023 |
The global Artificial Intelligence in Military market size was worth around USD 9.82 billion in 2023 and is predicted to grow to around USD 27.89 billion by 2032 with a compound annual growth rate (CAGR) of roughly 12.3% between 2024 and 2032.
The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the Artificial Intelligence in Military market on a global and regional level.
Artificial intelligence in military involves the use of a computer-controlled robot for different military or defense activities, such as unmanned ground vehicles, unmanned maritime vehicles, fighter aircraft and helicopter, unmanned aerial vehicles, etc. Visual perception, decision-making, speech recognition, and translation between languages are some of the examples of task managed by artificial intelligence. Artificial intelligence equipped with military equipment is termed as artificial intelligence in the military. AI can be conveniently utilized to integrate C4ISR works and capabilities toward a deeper integration of sensors and systems across all domains of warfare. The increasing demand for developing military equipment in collaboration with artificial intelligence to enhance the security on borders, growing development of chipsets underneath artificial intelligence, improving computing power, and rising acceptance of cloud services by military are the key factors contributing toward the high growth of the artificial intelligence in military market globally.
The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research& development, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers the product portfolio of various companies according to regions.
The study provides a decisive view of the artificial intelligence in military market based on application, platform, offering, technology, and region.
Based on application, the artificial intelligence in military market includes cyber security, warfare platform, logistics and transportation, battlefield healthcare, target recognition, simulation and training, information processing, threat monitoring and situational awareness, and others.
Based on platform, the global market includes land, naval, airborne, and space.
Based on offering, the global artificial intelligence in military market includes hardware, software, and services. The hardware segment is sub-segmented into processor, memory, and network. By software, the market is sub-segmented into AI solutions and AI platforms.
Based on services, the market is sub-segmented into deployment and integration, upgrade and maintenance, software support, and others.
By technology, the global artificial intelligence in military market includes learning and intelligence, advanced computing, and AI systems.
Report Attributes | Report Details |
---|---|
Report Name | Artificial Intelligence in Military Market |
Market Size in 2023 | USD 9.82 Billion |
Market Forecast in 2032 | USD 27.89 Billion |
Growth Rate | CAGR of 12.3% |
Number of Pages | 140 |
Key Companies Covered | SparkCognition Inc., Charles River Analytics, Inc., Leidos, Boeing, SAIC, Thales Group, IBM, General Dynamics, NVIDIA Corporation, BAE Systems, Harris Corporation, Lockheed Martin Corporation, Raytheon Company, and Northrop Grumman Corporation |
Segments Covered | By application, By platform, By offering, By technology and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The regional segment includes the current and forecast demand for NATO and Russia. NATO dominated the artificial intelligence in military market in 2023 and is expected to remain dominant over the forecast time period as well. Russia is expected to register the highest CAGR in the global artificial intelligence in military market in the future.
Some key players of the global artificial intelligence in military market are:
Global Artificial Intelligence in Military Market: Application Analysis
Global Artificial Intelligence in Military Market: Platform Analysis
Global Artificial Intelligence in Military Market: Offering Analysis
Global Artificial Intelligence in Military Market: Technology Analysis
Global Artificial Intelligence in Military Market: Regional Analysis
FrequentlyAsked Questions
Artificial intelligence in military involves the use of a computer-controlled robot for different military or defense activities, such as unmanned ground vehicles, unmanned maritime vehicles, fighter aircraft and helicopter, unmanned aerial vehicles, etc.
According to study, the Artificial Intelligence in Military Market size was worth around USD 9.82 billion in 2023 and is predicted to grow to around USD 27.89 billion by 2032.
The CAGR value of Artificial Intelligence in Military Market is expected to be around 12.3% during 2024-2032.
Russia has been leading the Artificial Intelligence in Military Market and is anticipated to continue on the dominant position in the years to come.
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