The Global AI in Military Market is estimated to reach USD 18.1 Billion by 2024 at a CAGR of 14.9 %.
Artificial Intelligence (AI) is termed as simulation of the human intelligence into the computer system to perform particular tast or role. Now-a-days, AI is emerged as the crucial component of the modern warfare as it possess higher ability to handle the data in more efficient manner. In military sector, AI is used for autonomous targeting, survillence and monitoring, security, cyber defense, cyber warfare and to carry out other important military functions. Due to its high efficiency, it is widely adopted in fighter aircrafts, helicopters and Military Fighting Vehicles (MFVs). Some of the emerging economies across the globe are incorporating AI in military applications to promote safety and security.
Market Drivers:
The demand for Artificial Intelligence is growing, owing to the adoption of big data analytics. Big data in military is used for analysing and systematically extract information from the data sets and helps defense leaders to make better decisions. It can process the information about its equipments, trAIning, and installations which can improve the overall efficiency of AI in military. This has attributed to use big data for managing the larger amount of data which is generated by military officials dAIly. It reduce the chances of cyber attack from other countries mAIntAIning the data security of military. Hence, rising demand for big data analytics is expected to drive the AI in military market during the forecast period.
Increasing demand for cloud services accesses Al-based war planning by storing the private military data and also by providing the computing power. It also enables the warfighter with data and mAIntAIning the robust technological advantage. According to the US military, cloud service advance the ground operations by direct access to artificial intelligence.
Therefore, the increasing demand for cloud services is expected to drive the AI in military market during the forecast period.
Market RestrAInts:
The growth of AI in military market is mAInly impacted due to reduction in company’s association with government for the AI-based surveillance and Weapon Systems. According to the Artificial Intelligence and National Security report by Congressional Research Service, some of the giants operating in the AI are cancelling the existing contracts with the government. For instance, Google announced that it has cancelled the government contract with the robotics companies, Boston Dynamics and Schaft, and also cancelled the future contracts for the AI in surveillance or weapon systems with government. .
The report on the AI in Military market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chAIn dynamics are covered through the below segmentation.
Report Features |
Specifics |
Historical/Estimated/Forecasted Market Size Years |
2017-2024 |
Base Year for Market Calculation |
2018 |
Forecasted Period |
2019-2024 (2019 estimated year, forecasted up to 2024) |
Measured Units |
Value (USD Million) |
Segments Included |
Application, Platform, Technology, and Region |
Regional Coverage |
Asia-Pacific, North America, Europe, Middle East & Africa, and South America |
For the scope of report, In-depth segmentation is offered by Forencis Research
AI in Military Market, by Platform
AI in Military Market, by Element
AI in Military Market, by Region
1 INTRODUCTION
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Regional Coverage
1.5 Research Timeline
1.6 Assumptions
1.7 Limitations
2 RESEARCH DESIGN & SCOPE
2.1 Introduction
2.2 Primary Research
2.2.1 Key Industry Expert Insight
2.3 Secondary Research
2.3.1 Vital Data from Secondary Sources
2.4 Market Size Estimation
2.5 Data Validation & Triangulation
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Introduction
4.2 Drivers
4.2.1. Rising in Demand for Big Data Analytics
4.2.2. Rising in Demand for Intelligence Community
4.2.3. Growth for Cyberspace Operations
4.2.4. Increasing in Demand for Cloud Services
4.3 Restraints
4.3.1. AI-based surveillance and Weapon Systems used by Governments
4.4 Opportunities
4.4.1. Adoption for Media Forensics
4.4.2. Demand for Lethal Autonomous Weapon Systems (LAWS)
4.5 Challenges
4.5.1 Different Cultural Issues
4.5.2 Data Protection and Privacy Issues
5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
5.1 Introduction
5.1.1. Power of Buyers
5.1.2. Power of Suppliers
5.1.3. Intensity of Competition
5.1.4. Challenges of Substitutes
5.1.5. Challenges of New Entrants
5.2 Macro-Economic Indicators
5.3 Technology Trends
5.3.1 Big Data Analytics
5.3.2 Advanced Analytics
5.3.3 Artificial Neural Network
6 AI IN MILITARY MARKET BY APPLICATION, Market Size in USD Million (2017—2024)
6.1 Introduction
6.2 Logistics
6.3 Cyberspace Operation
6.4 Information Operation
6.5 Semiautonomous and Autonomous Vehicles
6.6 Lethal Autonomous Weapon Systems (LAWS)
6.7 Others
7 AI IN MILITARY MARKET BY PLATFORM, Market Size in USD Million (2017—2024)
7.1 Introduction
7.2 Airborne
7.2.1 Fighter Aircraft & Helicopter
7.2.2 Transport Aircraft
7.2.3 Skyborg Program
7.3 Land
7.3.1 Unmanned Ground Vehicles (UGVs)
7.3.2 Military Fighting Vehicles (MFVs)
7.3.3 Others
7.4 Sea
7.4.1 Satellites
7.5 Naval
7.5.1 Submarine
8 AI IN MILITARY MARKET BY TECHNOLOGY, Market Size in USD Million (2017—2024)
8.1 Introduction
8.2 Deep Learning
8.3 Machine Learning
8.4 Virtual Reality
8.5 Natural Language Processing
8.6 Data Mining
8.7 Others
9 AI IN MILITARY MARKET BY REGION, Market Size in USD Million (2017—2024)
9.1 North America
8.1.1. US
8.1.2. Canada
8.1.3. Mexico
9.2 Europe
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. UK
8.2.5. Spain
8.2.6. The Netherlands
8.2.7. Rest of Europe
9.3 Asia-Pacific
8.3.1. China
8.3.2. Japan
8.3.3. India
8.3.4. South Korea
8.3.5. Taiwan
8.3.6. Rest of Asia-Pacific
9.4 Middle East & Africa
8.4.1. Saudi Arabia
8.4.2. UAE
8.4.3. Rest of Middle East & Africa
9.5 South America
8.5.1. Brazil
8.5.2. Argentina
8.5.3. Rest of South America
10 COMPETITIVE LANDSCAPE
10.1 Introduction
10.2 Market Ranking/Share Analysis of Key Companies
10.3 Company Benchmarking
11 COMPANY PROFILES
11.1 Thales Group
11.1.1 Company Overview
11.1.2 Financial Overview
11.1.3 Products/Solutions/Services Offered
11.1.4 Key Developments
11.1.5 SWOT Analysis
11.2 Lockheed Martin Corporation
11.3 Raytheon Company
11.4 Northrop Grumman Corporation
11.5 IBM Corporation
11.6 BAE Systems
11.7 General Dynamics Corporation
11.8 NVIDIA Corporation
11.9 SoarTech
11.10 Other Key Companies
12 APPENDIX
12.1 Key Industry Expert Insights
12.2 Primary Discussion Guide
12.3 Customization Options
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain