AI in Military Market: Summary

The  Global AI in Military Market is estimated to reach USD 18.1 Billion by 2024 at a CAGR of 14.9 %, says forencis research (FSR). 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.

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AI In Military Market: Drivers & RestrAInts

Market Drivers:

Rising Demand for Big Data Analytics

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

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:

AI-based surveillance and Weapon Systems used by Governments 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. 

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AI In Military Market: Key Segments

• Based on Application: Logistics, Cyberspace Operation, Information Operation, Semiautonomous and Autonomous Vehicles, and Lethal Autonomous Weapon Systems (LAWS)
• Based on Platform: AIrborne, Land, Sea, and Naval
• Based on Technology: Deep Learning, Machine Learning, Virtual Reality, Natural Language Processing, Data Mining, and Others
• Key Regions Covered: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis. 

AI In Military Market: Report Scope

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.

Key Companies Covered

• Thales Group (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
• Lockheed Martin Corporation
• Raytheon Company
• Northrop Grumman Corporation
• IBM Corporation
• BAE Systems
• General Dynamics Corporation
• NVIDIA Corporation
• SoarTech
• Other Key Companies

AI In Military Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

AI in Military Market, by Platform

• AIrborne
  1. Fighter AIrcraft & Helicopter
  2. Transport AIrcraft
  3. Skyborg Program
• Land
  1. Unmanned Ground Vehicles (UGVs)
  2. Military Fighting Vehicles (MFVs)
  3. Others
• Space
• Naval

AI in Military Market, by Element

• Deep Learning
• Machine Learning
• Virtual Reality
• Natural Language Processing
• Data Mining
• Others

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AI in Military Market, by Region

• Asia-Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia-Pacific
• North America
• US
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Italy
• Spainn
• Rest of Europe
• Middle East & Africa
• Saudi Arabia
• UAE
• Rest of Middle East & Africa
• South America
• Brazil
• Argentina
• Rest of South America

Key Questions answered by the report

• What are the major developments impacting the global market and its growth?
• What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
• What are the evolving types of the global market?
• What are the evolving applications of global market?
• What are the major characteristics that will affect the global market growth during the study period?
• Who are the key global players operating in the market?
• How are the major players leveraging in the existing global market conditions?

Report Audience

• AI in Military Market Providers
• AI in Military Market Solution and Services Suppliers, Distributors and Dealers
• End-Users of Varied Segments of AI in Military Market
• Government Bodies and Intellectual Institutions
• Associations and Industrial Organizations
• Research & Consulting Service Providers
• Research & Development Organizations
• Investment Banks & Private Equity Firms

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About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”. 

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