The global Artificial Intelligence (AI) for military market size reached USD 6.50 billion in 2020 and is expected to register a revenue CAGR of 13.4% during the forecast period, according to latest analysis by Emergen Research. Increasing hostility and terrorism and political instability are expected to boost market revenue growth. Additionally, increasing government expenditure on research development of AI enabled military weapons is expected to support market growth between 2021 and 2028. Currently, rising geopolitical tensions among countries and increasing Chinese actions are propelling various countries to modernize military technology using AI. Integrating AI will enable countries to conduct better surveillance in order to detect and prevent threats. Similarly, AI technology can be used to process a large amount of data and facilitate better decision-making during times of conflict. These are some major factors driving growth of the global AI for military market revenue.
The report provides an in-depth analysis of the competitive landscape, along with company profiling of key players involved in the global Artificial Intelligence In Military market drivers and restraints market. The authors of the report make sure to equip readers with a thorough evaluation of the vendor landscape and inform them of the current and future changes that can be expected. The competitive analysis offered in the report inspects the market share, gross margin, product portfolio, consumption, market status, and technologies of leading players controlling a significant portion of the global Artificial Intelligence In Military market drivers and restraints market.
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Competitive Landscape and Artificial Intelligence in Military Market Share Analysis
The report elaborates on various national and international business development prospects and explains the competitive landscape of the global Artificial Intelligence in Military market. The market size estimation and forecasts have been detailed in this report. The authors have studied the historical background of the Artificial Intelligence in Military market, keeping in mind the organic and inorganic growth prospects and threats for the market. Thus, the latest report offers precise estimates of the global market size for the forecast period.
The major companies Covered in the report are:
Lockheed Martin Corporation, NVIDIA Corporation., BAE Systems, Inc., Northrop Grumman Corporation., Raytheon Technologies, General Dynamics Corporation, Textron Inc., SparkCognition Government Systems, Arkray, Inc., and Leidos Inc
Highlights of Global Artificial Intelligence in Military Market Report
- Examines the Artificial Intelligence in Military industry prospects and quickly compares historical, current, and projected market figures.
- This report examines growth constraints, market drivers and challenges, and current and prospective development prospects.
- Key market participants are evaluated based on various factors, including revenue share, price, regional growth, and product portfolio, to demonstrate how market shares have changed in the past and are expected to change in the future.
- Describes the expansion of the global high purity isobutylene market across various industries and geographies. This allows players to concentrate their efforts on regional markets with the potential for rapid growth shortly.
- Discuss the global, regional, and national ramifications of COVID-19.
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Segments Covered in this report are:
- Offering Outlook (Revenue, USD Billion; 2018–2028)
- Software
- Artificial Intelligence Solutions
- Artificial Intelligence Platforms
- Hardware
- Processor
- Network
- Memory
- Services
- Software Assistance
- Upgradation Maintenance
- Deployment Integration
- Platform Outlook (Revenue, USD Billion; 2018–2028)
- Land
- Autonomous Combat Vehicles
- Unmanned Ground Vehicle
- Autonomous Combat Robots
- Sea
- Unmanned Maritime Vehicles
- Anti-Missile Technology
- Ship Navigation Systems
- Air
- Unmanned Aerial Vehicles
- Aircraft Maintenance
- Cognitive Electronic Warfare
- Space
- Satellite Data Processing
- Intelligent Navigation Systems
- AI Assistant Robots
- Space Exploration
- Application Outlook (Revenue, USD Billion; 2018–2028)
- Reconnaissance and Intelligence Gathering
- Surveillance and Counterinsurgency
- Information Processing
- Cyber Security
- Threat Analysis
- Warfare Simulation
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Geographical Scenario:
The global Artificial Intelligence in Military market has been categorized into several important geographical regions. In this section, authors of the report have studied the presence of the global Artificial Intelligence in Military market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
Reasons for Doing This Study
This study provides critical information on the global market’s current size and projected growth for Artificial Intelligence in Military and its related industries. It also discusses geography’s market characteristics, significant suppliers, consumer preference trends, and market prospects. As many countries are in a recession, firms are attempting to weather the storm by limiting unanticipated losses and spending related to the Artificial Intelligence in Military market.
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