Global Artificial Intelligence (AI) in Military Market to Reach $25.8 Billion by 2030
The global market for Artificial Intelligence (AI) in Military estimated at US$11.4 Billion in the year 2023, is expected to reach US$25.8 Billion by 2030, growing at a CAGR of 12.5% over the analysis period 2023-2030. Land Platform, one of the segments analyzed in the report, is expected to record a 10.9% CAGR and reach US$9.9 Billion by the end of the analysis period. Growth in the Naval Platform segment is estimated at 12.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.4 Billion, While China is Forecast to Grow at 11.9% CAGR
The Artificial Intelligence (AI) in Military market in the U.S. is estimated at US$3.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.5 Billion by the year 2030 trailing a CAGR of 11.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.7% and 10.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 9.2% CAGR.
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