Artificial Intelligence In Military Market Size, Share & Trends Analysis Report By Offering, By Application, By Technology, By Platform, By Installation, By Region, And Segment Forecasts, 2023 - 2030

Artificial Intelligence In Military Market Size, Share & Trends Analysis Report By Offering, By Application, By Technology, By Platform, By Installation, By Region, And Segment Forecasts, 2023 - 2030

Artificial Intelligence In Military Market Growth & Trends

The global artificial intelligence in military market size is expected to reach USD 19,292.7 million by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 12.8% from 2023 to 2030. The expansion of integrated artificial intelligence systems in the military sector and the rising adoption of cloud-based high-performance computers and applications are attributed to the growth of artificial intelligence in the military sector.

The development of specialized AI chips in the market and the rise in government funding and initiatives for the defense sector in major countries are expected to propel the expansion of artificial intelligence in the military market in the upcoming years. For instance, In July 2022, India's defense minister unveiled 75 military products with artificial intelligence capabilities, including surveillance and reconnaissance systems, robotic products, autonomous weapon systems, and others.

The growing acceptance of AI-powered cybersecurity and the rising threat of cyber-attacks is anticipated to increase the demand for Artificial Intelligence in the Military sector during the forecast period. Organizations can use AI-based techniques to detect threats and safeguard their systems and data resources. For instance, Balbix Security Cloud is a California-based cybersecurity posture automation platform that provides continuous and real-time risk predictions, risk-based vulnerability management, and preemptive breach control using AI-powered observations and analysis.

The demand for AI in the military increased significantly all over the world, but particularly in North America and Asia Pacific, where the rise in defense spending in nations like the US, Canada, China, India, South Korea, and Japan is anticipated to present numerous opportunities for AI system manufacturers. For instance, In November 2020, International Business Machines Corporation acquired Instana, a German-American-based software firm specializing in developing application performance management software. Through this acquisition, IBM improves cybersecurity and enhances its AI capabilities to manage the complexity of modern applications across the hybrid cloud landscape.

Artificial Intelligence In Military Market Report Highlights

• The cyber security segment held a revenue share of 10.4% in 2022. Cyber security specialists protect military networks and the country against cyber-attacks from enemy forces propelling the cyber segment's market
• Based on technology, the Machine Learning (ML) segment dominated the market in 2022 and is estimated to grow at a CAGR of 14.0% during the forecast period, owing to the growing use of AI-enabled products including autonomous weapon systems, surveillance and reconnaissance systems, and robotic products
• The use of AI-driven systems in the military is expected to grow due to the increased funding for research and development from military research organizations
• The North America AI in military market is expected to reach 5,035.4 million by 2030. The growing defense spending in North America to improve AI capabilities is attributed to the growth of the regional industry