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The artificial intelligence (AI) in the military market is poised for rapid expansion, driven by factors such as increasing data availability, escalating threats, and rising cybersecurity concerns.
What Is The Projected Market Size Of The Global Artificial Intelligence in Military Market And Its Growth Rate?
• The artificial intelligence (AI) in military market size will expand from $9.67 billion in 2024 to $11.25 billion in 2025, registering a robust CAGR of 16.4%.
• The market growth in the historic period is attributed to factors such as escalating budget allocations and economic growth.
• The AI in the military market is expected to witness swift growth in the forthcoming years, reaching $19.74 billion in 2029 at a CAGR of 15.1%.
• The market growth in the forecast period can be credited to rising geopolitical tensions, increased research and development activities, growing military and defense sector, increased government support, and increasing industrial automation.
What Is Driving The Growth In The Artificial Intelligence in Military Market?
The growth in the artificial intelligence in the military market is being driven by increased defense spending. Artificial intelligence mimics human intelligence in machines, instructing them to behave like humans and mimic their actions. The augmentation in global military spending as reported by the Stockholm International Peace Research Institute reaffirms this trend. Growth in defense spending, which surged from approximately $2.29 trillion in 2022 to $2.44 trillion in 2023, underlines this growth driver in the AI in military market.
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Who Are the Key Players Driving Artificial Intelligence in Military Market Growth?
• Charles River Analytics Inc.
• BAE Systems PLC.
• Northrop Grumman Corporation
• RTX Corporation
• Lockheed Martin Corporation
• Thales Group
• Harris Corporation
• International Business Machines Corporation
• Rafael Advanced Defense Systems
• Microsoft Corporation
• Oracle Corporation
• Amazon Web Services Inc.
• SAS Institute
• Meta Platforms Inc.
• SAP SE
• Salesforce Inc.
• Baidu Inc.
• SoarTech
• Google LLC
• NVIDIA Corporation
• Intel Corporation
• General Dynamics Corporation
• Rolls-Royce Holdings plc
• General Electric Aviation
• Safran S.A.
• Israel Aerospace Industries
• Triumph Group Inc.
• Boeing Co.
• Airbus SE
• Leonardo S.p.A.
• L3Harris Technologies Inc.
• Elbit Systems Ltd.
• Rheinmetall AG
• Collins Aerospace
• Kongsberg Gruppen
What Are The Key Trends In The Artificial Intelligence in Military Market?
• Industry partnerships
• Human-machine teaming
• Dual-use technologies
• Cognitive electronic warfare
• Swarm technology
What Are The Segments Of The Global Artificial Intelligence in Military Market?
• By Offering: Hardware, Software, Service
• By Technology: Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision, Intelligent Virtual Agent (IVA), Other Technologies
• By Platform: Land, Naval, Airborne
• By Installation: New Procurement, Upgradation
• By Application: Information Processing, Simulation and Training, Warfare Platform, Threat Monitoring and Situational Awareness, Cyber Security, Other Applications
Which Region Leads The Artificial Intelligence in Military Market?
North America was the largest region in the artificial intelligence in military market in 2024. The Asia-Pacific region is expected to be the fastest-growing region in the forecast period. The report covers the AI in military market in regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Artificial Intelligence in Military Market Global Market Report?
– Market Size Analysis: Analyze the Artificial Intelligence in Military Market size by key regions, countries, product types, and applications.
– Market Segmentation Analysis: Identify various subsegments within the Artificial Intelligence in Military Market for effective categorization.
– Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
– Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
– Market Contribution: Evaluate contributions of different segments to the overall Artificial Intelligence in Military Market growth.
– Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
– Industry Challenges: Analyze challenges and risks affecting the Artificial Intelligence in Military Market.
– Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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This release was published on openPR.