Artificial Intelligence (AI) In Military Market 2024-2028
The artificial intelligence (AI) in military market is forecasted to grow by USD 55196.5 mn during 2023-2028, accelerating at a CAGR of 43.61% during the forecast period. The report on the artificial intelligence (AI) in military market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased government spending on defense due to conflicts, rising private investment in R and d of AI-based military technology, and growing development of self-driving systems.
Technavio's artificial intelligence (AI) in military market is segmented as below:
- By Component
- Software
- Hardware
- Services
- By Type
- New procurement
- Upgradation
- By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the growing integration of AI in space-based systems as one of the prime reasons driving the artificial intelligence (AI) in military market growth during the next few years. Also, growing demand for military security services and rising cases of cybersecurity will lead to sizable demand in the market.
The report on the artificial intelligence (AI) in military market covers the following areas:
- Artificial Intelligence (AI) In Military Market sizing
- Artificial Intelligence (AI) In Military Market forecast
- Artificial Intelligence (AI) In Military Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading artificial intelligence (AI) in military market vendors that include Anduril Industries Inc., BAE Systems PLC, C3.AI Inc, Charles River Analytics Inc., Darktrace Holdings Ltd., General Dynamics Corp., International Business Machines Corp., L3Harris Technologies Inc., Lockheed Martin Corp., Northrop Grumman Corp., NVIDIA Corp., Palantir Technologies Inc., Rafael Advanced Defense Systems Ltd., RTX Corp., Rheinmetall AG, Saab AB, Safran SA, Shield AI, SparkCognition Inc., and Thales Group. Also, the artificial intelligence (AI) in military market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.