Global artificial intelligence in military market expected to generate around USD 16,300 million by 2026, at a CAGR of around 14.5% between 2019 and 2026. The increasing demand for developing military equipment in collaboration with artificial intelligence to enhance the security on borders contributing the major growth toward the artificial intelligence in military market globally.
Artificial Intelligence in Military Market
The report covers a forecast and an analysis of the artificial intelligence in military market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2026 based on revenue (USD Million). The study includes drivers and restraints of the artificial intelligence in military market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in artificial intelligence in military market on a global level.
In order to give the users of this report a comprehensive view of the artificial intelligence in military market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
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. The regional segment includes the current and forecast demand for NATO and Russia.
Some key players of the global artificial intelligence in military market are 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.
This report segments the global artificial intelligence in military market as follows:
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
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