The market is forecasted to continue its rapid trajectory, expected to reach $19.74 billion in 2029 at a CAGR of 15.1%. This expected growth can be attributed to geopolitical tensions, rise in research and development, growing military and defense sector, rising government support, and increasing industrial automation. Industry partnerships, human-machine teaming, dual-use technologies, cognitive electronic warfare and swarm technology, are identified as key trends for the forecast period.
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What are the Key Growth Drivers in the Artificial Intelligence in Military Market?
Increased spending on defense is a primary factor propelling the growth of the artificial intelligence in military market. Artificial intelligence simulates human intelligence in machines programmed to mimic human actions. Governments have established specialized departments or organizations specifically to develop new capabilities and plan, launch, and integrate AI capabilities into military equipment. For instance, in April 2024, according to the Stockholm International Peace Research Institute, global military spending reached approximately $2.29 trillion in 2022, which further escalated to $2.44 trillion in 2023, reflecting a 6.8% year-over-year growth. It is evident that the upswing in defense spending is driving the growth in this market.
What are the Major Segments within the Global Artificial Intelligence in Military Market?
The artificial intelligence in military market report covers the following segments:
1) By Offering: Hardware, Software, Service
2) By Technology: Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision, Intelligent Virtual Agent (IVA) or Virtual Agents, Other Technologies
3) By Platform: Land, Naval, Airborne
4) By Installation: New Procurement, Upgradation
5) By Application: Information Processing, Simulation and Training, Warfare Platform, Threat Monitoring and Situational Awareness, Cyber Security, Other Applications
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Which Major Companies are Operating in the Artificial Intelligence in Military Market?
Major companies operating in the artificial intelligence in military market include Charles River Analytics Inc., BAE Systems PLC., Northorp Grumman Corporation, RTX Corporation, Lockheed Marin Corporation, Thales Group, Harris Corporation, International Business Machines Corporation, Rafael Advanced Defense Systems, Microsoft Corporation, Amazon Web Services Inc., SAS Institute, Meta Platforms Inc., SAP SE, Salesforce Inc., Baidu Inc., Google LLC, NVIDIA Corporation, Intel Corporation, and others.
What are the Emerging Trends in the Artificial Intelligence in Military Market?
Technological advancement is a prominent trend gaining popularity in the artificial intelligence in military market. Major companies are focusing on creating innovative technologies to strengthen their market position. For instance, in July 2022, US-based aerospace and defense company, Raytheon Technologies partnered with C3 AI’s application platform to deliver next-generation AI and machine learning capabilities for the US Army’s Tactical Intelligence Targeting Access Node (TITAN) program.
What is the Regional Analysis of the Artificial Intelligence in Military Market?
North America was the largest region in the artificial intelligence in military market in 2024. However, Asia-Pacific is expected to embody the fastest-growing region in the forecast period. Other regions covered in the market report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
What does the Artificial Intelligence in Military Market Report 2025 Offer?
Artificial intelligence in the military facilitates quick decision-making in both, dynamic and information-scarce environments. It is employed in military intelligence to analyze the enemy’s intelligence and used in autonomous vehicles and weapon systems. The Artificial Intelligence in Military Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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